hacking
Crypto fraud increased 45% last year to $5.6 billion
In 2023, the FBI reported a significant surge in cryptocurrency-related fraud, with losses reaching an alarming $5.6 billion, marking a 45% increase from the previous year. This report, the FBI’s inaugural Cryptocurrency Fraud Report, highlights the growing trend of scams that exploit the burgeoning cryptocurrency market, particularly targeting vulnerable populations such as older adults. Overview […]
Indian Pleads Guilty in US for Dark Web Drug Enterprise
Banmeet Singh, a 40-year-old Indian national from Haldwani, Uttarakhand, recently made headlines after pleading guilty in a U.S. court for his involvement in a dark web drug trafficking enterprise. This case highlights the growing concerns surrounding the use of the dark web for illegal activities, particularly drug distribution. Overview of the Case Singh was extradited […]
Ultimate Guide to Choosing the Best Tokens: Smart Contracts, Cryptocurrencies, and Investment Tips
In the dynamic world of cryptocurrencies and blockchain technology, selecting the right token can be a daunting task. With thousands of tokens available, each serving different purposes, it’s essential to understand the types of tokens and their potential to make informed investment decisions. This guide will delve into the most successful types of smart contracts […]
Airdrop Scams in Crypto: How to Spot and Avoid Them
Airdrops have become a popular way for crypto projects to distribute tokens to users, but they have also become a target for scammers looking to take advantage of unsuspecting participants. Airdrop scams are fraudulent schemes that use fake websites, social media profiles, and phishing tactics to trick victims into providing sensitive information or connecting their […]
WazirX Hacking Incident: Ongoing Recovery Efforts and Community Support
On July 18, 2024, WazirX, a prominent Indian cryptocurrency exchange, fell victim to a devastating cyber attack. Hackers targeted one of WazirX’s multisig wallets, resulting in the theft of digital assets exceeding $230 million. This incident has shaken the crypto community and raised concerns about the security of exchanges. Incident Overview The attack occurred on a […]