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A cryptocurrency investor has fallen victim to an address poisoning attack, resulting in a staggering loss of $70 million worth of Wrapped Bitcoin (WBTC). The incident, which unfolded over the course of around six hours, has sent shockwaves through the cryptocurrency community. According to a post by Lookonchain on the X, the unfortunate investor created a new address, “0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91,” and transferred a small amount of Ethereum (ETH), approximately 0.05 ETH, to this newly generated destination. Crazy! Someone lost 1,155 $WBTC($71M) due to a phishing attack . How did it happen? 6 hours ago, this guy created a new address" 0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91" and transferred 0.05 $ETH to this new address. A scammer generated an address with the same starting… pic.twitter.com/iiFloZBTga — Lookonchain (@lookonchain) May 3, 2024 This observed behavior is common in the decentralized finance (DeFi) space, mainly due to t...

John E. Deaton has decried the increasing government intrusion into the private lives of American citizens. According to Deaton, unconstitutional expansion of authority by federal agencies is aided by Congress abdicating its responsibilities. Deaton noted that the fact that the SEC dropped the charges against Ripple’s executives tells a lot. John E. Deaton, a renowned crypto lawyer, has decried the increasing government intrusion into the private lives of American citizens. Deaton’s lengthy post on X (formerly Twitter) explained what he believes is an unconstitutional expansion of authority by federal agencies, enabled by Congress abdicating its responsibilities. For the last several years, we’ve witnessed significant government intrusion into the private lives of Americans. Congress has abdicated its responsibilities and allowed federal agencies to unconstitutionally expand their authorities. Although today the @SECGov is a prime example… https://t.co/PUxYM...

Manta Network battles DDoS post-MANTA launch; 135M RPC requests flood, causing delays. Bitbot revolutionizes retail trading on Telegram with non-custodial, AI-backed solutions. BITBOT token presale unfolds across 15 stages, offering investors a structured opportunity. In a whirlwind of recent events, Manta Network faced a DDoS attack right after the successful launch of its MANTA token, causing a stir in the crypto community. Meanwhile, Bitbot, a Telegram trading bot, is making waves by empowering retail investors. Jin us as we delve into the challenges Manta Network is facing and explore Bitbot’s mission to put institutional-grade tools in the hands of individual investors. Manta Network DDoS attack Manta Network, a modular blockchain protocol renowned for its focus on zero-knowledge (ZK) application development, encountered a significant setback shortly after the launch of its governance token, $MANTA. The network experienced a Distributed Denial o...

Dozens of Safe Wallet users have lost millions worth of crypto due to a recent wave of address poisoning attacks. In an X post on Sunday, Dec. 3, 2023 analysts at Scam Sniffer said that an unknown scammer stole more than $2 million worth of crypto from 10 Safe Wallet-based entities in just one week using the so-called “address poisoning ” attack , a scam where bad actors are spamming the transaction history page with similar operations a bid to trick victims into sending funds to the scammer’s address. about ~10 Safe wallets have lost $2.05 million to "address poisoning" attacks in the past week. the same attacker has stolen $5 million from ~21 victims in the past four months so far. pic.twitter.com/fu4kxaI3py — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) December 3, 2023 As per Scam Sniffer, the same attacker has succeeded in their efforts, stealing a total of $5 million worth of crypto from 21 victims in the past four months. As of press ti...

Hackers have stolen over $2.5 billion through vulnerabilities on cross-chain bridges in the past two years. Security has been a critical challenge for decentralized finance (DeFi) and its evolution. Between 2020 and 2022, hackers stole over $2.5 billion through vulnerabilities on cross- Chain bridges, Token Terminal data shows. Compared to other security breaches, this is a substantial amount. Issues with bridges have a root cause: All of them have an "inherent vulnerability," Theo Gauthier, founder and CEO of Toposware, told Cointelegraph. According to Gauthier, no matter how secure a bridge is on its own, it is "entirely reliant on the security of the chains it connects," meaning that any breach or bug within one of the two bridged chains makes the overall bridge vulnerable. Briefly, bridges are used to connect different blockchains and aim to address the lack of standards between protocols. Interoperability between blockchains is considered to be a critical goa...