Decentralized finance (DeFi)and crypto seem to be target number one for scammers as the total amount of funds taken by fraudulent means has eclipsed both 2020 and 2021 combined, with the month of March alone beating 2020 by over $200 million.
Tag Archives: scam
Pirates Go Phishing On The OpenSea Marketplace, Raid Over $1.7M From Users
In what is turning into a continuing theme for 2022, attackers have stolen hundreds of NFTs from 32 OpenSea accounts valued at over $1.7 million by taking advantage of a weakness in the smart contract network that supports OpenSea.
Hackers Steal $36M In Crypto From IRA Financial Trust
Hackers have again targeted the crypto industry, causing a data breach on February 8 resulting in the loss of $21 million in Bitcoin and $15 million in Ether from retirement accounts held by IRA Financial Trust, a FinTech that manages various portfolios consisting of nontraditional assets.
Phishing Scam Targets Binance As Fraud Clears $400M From Crypto Markets In 2022
2022 has seen several large-scale hacking and phishing scams target the crypto community resulting in losses of nearly $400 million from the market. On Wednesday February 2, a security vulnerability was exposed within the Wormhole token bridge resulting in the loss of 120,000 Wrapped Ether (wETH) tokens worth approximately $321 million and almost $34 million in crypto assets were stolen from Crypto.com following a security breach on January 17. Now, Binance CEO Changpeng Zhao is alerting the crypto community to a “massive” SMS phishing scam targeting Binance customers as the crypto community is hit with yet another wave of fraud.