US Treasury first imposes sanctions on a crypto mixer

    The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions on a cryptocurrency mixer Blender.io, which happens to be used by North Korea (DPRK) and other illicit activity. In a press release on May 6, OFAC said that the mixer is allegedly being used by hackers in North Korea…

    CCTF: Major crypto security event returns to Dubai

    CCTF, the largest hacker competition for blockchain hackers, is returning to Dubai in May, the UAE is emerging as a regional hub for crypto activities. The finalists of the CCTF, which purports to be the world’s largest “legal” crypto hacking competition, will compete on a yacht in the Emirati city for a $15,000 prize. The…

    DeFi project Beanstalk Farms has lost $182 million after a hacker attack

    Credit-based stablecoin DeFi protocol Beanstalk Farms built on Ethereum has lost $182 million as a result of a flash loan attack on Sunday. As Bloomberg reported, the hacker got away with $80 million in crypto tokens. The hacker got away with $80 million that was funneled through Tornado Cash, a cryptocurrency mixer protocol allowing private…

    Hackers breached the Mailchimp platform to phish crypto holders

    Mailchimp, the email marketing platform, has confirmed that hackers have stolen data from more than 100 of its clients and used the data to mount phishing attacks on the users of crypto services. Trezor hardware wallet users and Decentraland metaverse platform were also affected. Hackers used internal tools from Mailchimp to target customers from a…

    Axie Infinity’s Ronin bridge was hacked for over $625 million

    Ronin Network, an Ethereum-based sidechain created by Axie Infinity developer Sky Mavis to support its popular NFT-based game, was exploited by an unknown hacker and lost roughly $625 million worth of crypto on Tuesday. It may be the largest exploit in DeFi history. The Ronin Network published a blog post explaining how its network was…

    DeFi bridge Wormhole is hacked for $325 million

    The DeFi platform Wormhole became the victim of the largest crypto heist this year when an attacker exploited a security flaw to make off with close to $325 million. The attack on the popular bridge linking Ethereum and Solana is among the top five largest crypto hacks of all time. The attack took place on…