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Liquidators of the bankrupt Cryptopia exchange have begun distributing $225 million to over 10,000 verified users affected by a hack in 2019. Grant Thornton announced that initial payouts have been made in Bitcoin and Dogecoin, with plans for further distributions in the New Year. The firm encourages remaining account holders to register on the claims portal to be eligible for future distributions.
In 2024, hackers stole over $2.2 billion from crypto platforms, marking a 21.07% increase from the previous year. Notably, North Korean hackers accounted for 61% of the total theft, with $1.34 billion taken across 47 incidents, a staggering 102.88% rise from 2023. Although hacking incidents surged in the first half of the year, the trend slowed significantly after July.
North Korean hackers stole over $1.3 billion in cryptocurrency in 2024, doubling their haul from the previous year, according to Chainalysis. The increase in thefts, particularly larger attacks, indicates a growing sophistication in their operations. Despite a decline in global hacking activity later in the year, the DPRK's hacking efforts remain significant, with notable incidents including a $235 million breach of the WazirX exchange.
Cryptocurrency theft surged to $2.2 billion in 2024, with North Korean hackers responsible for 61% of the losses, totaling $1.34 billion across 47 incidents. While decentralized finance platforms were primary targets in early 2024, the focus shifted to centralized services later in the year, highlighted by significant breaches at DMM Bitcoin and WazirX. The ongoing threat from these cybercriminals emphasizes the urgent need for enhanced security measures in the crypto industry.
In 2024, crypto thefts surged to $2.2 billion, a 21% increase from the previous year, with North Korean hackers responsible for 61% of the total, stealing $1.34 billion across 47 attacks. The hacking incidents rose to 303, with centralized exchanges becoming the primary targets, particularly after a notable decline in thefts following the Putin-Kim summit in late June.
Deutsche Bank is developing a layer-2 blockchain solution for Ethereum to tackle regulatory challenges faced by financial institutions using public blockchains. This initiative, part of Project Dama 2 under Singapore's MAS Project Guardian, aims to mitigate risks such as transaction validation and fees to sanctioned entities. The bank plans to launch a minimum viable product next year, allowing for a curated list of validators and enhanced regulatory oversight.
Michael Egorov, founder of Curve, faced liquidation of 918.83K CRV ($882,000) as the token's value dropped over 12% in 24 hours. This follows a series of significant liquidations earlier in 2024, totaling $140 million, linked to his attempts to bolster CRV's price through loans. Egorov noted that the recent liquidation was related to the uWu hack in June, despite the ongoing decline in CRV's performance, which has seen total value locked on the Curve platform fall from $3.5 billion to $3.25 billion.
In 2024, losses from crypto scams and hacks surged by 21%, totaling $2.2 billion across 303 incidents, with centralized services and private key compromises being primary targets. Notable exploits included the $305 million DMM hack and a $235 million breach of WazirX. As AI-driven attacks rise, experts stress the need for enhanced security measures and regulatory oversight to combat evolving threats.
Deus Wallet has launched Duress Mode, a groundbreaking feature designed to enhance cryptocurrency security against physical threats. This non-custodial wallet allows users to set a secondary PIN that, when entered under coercion, reveals a decoy account while keeping actual assets hidden, addressing a critical gap in crypto security. As cryptocurrency adoption grows, the need for robust protection in both digital and physical realms becomes increasingly vital.
Ralph Hamers, the former CEO of UBS, will not face prosecution for aiding money laundering, as the Dutch public prosecutor's office found insufficient evidence against him. This decision follows a lengthy investigation that began in late 2020, linked to his previous role at ING, which was fined for inadequate anti-money laundering measures. Despite the prosecutor's conclusion, there remains a possibility that a court could still bring charges against him.
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cryptopia exchange begins distributing 225 million dollars to hack victims
09:32 20.12.2024
crypto platforms face record losses from hacks in 2024
20:41 19.12.2024
north korean hackers steal over 1.3 billion in crypto in 2024
20:09 19.12.2024
north korean hackers steal 1.34 billion in cryptocurrency in 2024
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