According to data from the Rekt leaderboard, cybercriminals have stolen as much as $3 billion of investor funds through 141 various cryptocurrency exploits since January, putting 2022 on track to top 2021 levels of digital currency malfeasance. Comparitech’s cryptocurrency heists tracker indicates that since 2011, hackers have stolen $7.9 billion in cryptocurrency worth about $45.5 billion in today’s value.
Along with the increased dollar amounts of cryptocurrency thefts, the scams, hacks, and exploits of cryptocurrency, Web3 (a decentralized view of the web that incorporates blockchain technologies and token-based economics), and blockchain-related organizations are growing bolder and more lucrative for malicious hackers even as the value of cryptocurrencies stagnates. This month alone, Binance saw its BNB chain drained of $586 million, close to the all-time most significant cryptocurrency theft of $624 million from the Ronin Network in March 2022.
To read this article in full, please click here
More Stories
Friday Squid Blogging: Squid Game Season Two Teaser
The teaser for Squid Game Season Two dropped. Blog moderation policy. Read More
Clever Social Engineering Attack Using Captchas
This is really interesting. It’s a phishing attack targeting GitHub users, tricking them to solve a fake Captcha that actually...
US Cyberspace Solarium Commission Outlines Ten New Cyber Policy Priorities
In its fourth annual report, the US Cyberspace Solarium Commission highlighted the need to focus on securing critical infrastructure and...
Cybersecurity Skills Gap Leaves Cloud Environments Vulnerable
A new report by Check Point Software highlights a significant increase in cloud security incidents, largely due to a lack...
Going for Gold: HSBC Approves Quantum-Safe Technology for Tokenized Bullions
The bank giant and Quantinuum trialed the first application of quantum-secure technology for buying and selling tokenized physical gold Read...
This Windows PowerShell Phish Has Scary Potential
Many GitHub users this week received a novel phishing email warning of critical security holes in their code. Those who...