Latest News and Articles about Cryptocurrency Security
Bank Employee Steals $123K: Lessons for Traditional and Crypto Security
Billion-Dollar Bank Employee’s Secret Transfers: A Cautionary Tale for Traditional and Crypto Banking Martin Fernandez, Jr., a trusted employee at the International Bank of Commerce in Laredo, Texas, secretly transferred over $123,000 from customer accounts to his associates, highlighting the vulnerabilities in traditional banking systems. Martin Fernandez, Jr., guilty of unauthorized transfers. $123,563 stolen from […]
Read MoreEx-Bank Employee’s $2.3M Fraud: A Wake-Up Call for Crypto Security
Ex-Bank Employee Charged in $2.3 Million Insider Fraud: Lessons for Crypto Security In a stunning betrayal of trust, Fedrick Jeffries, a former employee of Fifth Third Bank in Atlanta, Georgia, has been charged with orchestrating a fraud scheme that siphoned $2.3 million from unsuspecting customers. This case not only exposes the glaring vulnerabilities within banking […]
Read MorePhemex Exchange Suffers $37M Hack: Security Flaws Exposed
Phemex Exchange Hacked for at Least $37 Million: A Deep Dive into the Breach In a brazen digital heist, hackers swiped at least $37 million from Phemex, a prominent Singapore-based crypto exchange. This incident casts a sharp light on the persistent security risks that continue to haunt the cryptocurrency world. Phemex hack confirmed At least […]
Read MoreU.S. Government to Return 94,643 BTC Stolen in Bitfinex Hack, No Direct Victims Claimed
U.S. Government Moves to Return Stolen Bitfinex BTC, Claims No Victims in 2016 Hack – U.S. Government to return 94,643 BTC stolen in 2016 Bitfinex hack – No direct victims due to Bitfinex issuing BFX tokens – Arrests of Ilya Lichtenstein and Heather Morgan for laundering stolen funds – Implications for cryptocurrency security and regulation […]
Read MoreSBI VC Trade Acquires DMM Bitcoin Amidst Cybersecurity Concerns and North Korean Hack
SBI VC Trade Acquires DMM Bitcoin’s Assets: A Strategic Move Amid Cybersecurity Challenges SBI VC Trade, a subsidiary of Japan’s financial giant SBI Holdings, is set to expand its presence in the cryptocurrency market by acquiring the assets of the troubled DMM Bitcoin exchange. This acquisition is expected to finalize by March 8, 2025, following […]
Read MoreFake Zoom App Scam Costs DeFi Miner $1 Million: Urgent Call for Crypto Security Measures
In a shocking blow to the decentralized finance (DeFi) community, a miner recently lost $1 million due to a phishing scam involving a fake Zoom application. This incident highlights the increasing threat of malware and the urgent need for heightened security measures within the cryptocurrency sector. A DeFi user was tricked into losing $1 million […]
Read MoreTrust Wallet Glitch Sparks Panic: Urgent Call for Crypto Security Amid $2.2B Theft in 2024
Trust Wallet Users Alarmed by Vanishing Balances: Technical Glitch Unnerves Crypto Community Trust Wallet users were thrown into a state of anxiety when their cryptocurrency balances seemed to vanish overnight. Fortunately, the situation was due to a technical glitch rather than a security threat. Yet, this incident has ignited fresh concerns about the security of […]
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