Saif Faiq has pleaded guilty to helping organize a violent bitcoin kidnapping plot tied to a massive crypto theft, and he now faces up to 20 years in federal prison. The case is a brutal reminder that once stolen Bitcoin becomes loot, the threat can shift from screens and wallets to vans, bats, and family […]
Read Full Article
A California man has been sentenced to 70 months in prison for laundering stolen crypto tied to a massive theft ring that allegedly siphoned about $263 million from victims, then blew the proceeds on Lamborghinis, Rolexes, real estate, and nightclub bills that scream “arrest me” in expensive fonts. Evan Tangeman, 22, sentenced to 70 months […]
Read Full Article
Drift Protocol’s $280M Hack: A Six-Month Con Job Exposes DeFi’s Human Flaw A staggering $280 million heist struck Drift Protocol on April 1, not through a glitch in code, but via a meticulously crafted six-month con job that duped even the sharpest minds in decentralized finance (DeFi). This isn’t just a hack; it’s a brutal […]
Read Full Article
Drift Protocol $280M Hack: Solana DeFi Exploit via Social Engineering A devastating blow struck the crypto world on April 1 as Drift Protocol, a Solana-based decentralized finance (DeFi) platform, suffered a $280 million exploit. Unlike the usual smart contract bugs or flash loan attacks, experts suspect this heist was a cunning act of social engineering, […]
Read Full Article
Crypto Scam Alert: Beware of Fake Microsoft Teams Calls Targeting Web3 Users A near-disaster unfolded for me recently when I almost ran malicious code on my laptop during what I believed was a legitimate Microsoft Teams meeting. This wasn’t some clumsy phishing email but a sophisticated social engineering scam laser-focused on the crypto and Web3 […]
Read Full Article
Figure Technology and Step Finance Hacks: A Brutal Wake-Up Call for Crypto and Fintech Security Hackers have once again exposed the soft underbelly of the tech and crypto worlds, with blockchain fintech firm Figure Technology falling victim to a sly social engineering scam and DeFi platform Step Finance losing a staggering $29 million in a […]
Read Full Article
Hackers Deploy Fake reCAPTCHA Pop-Ups to Steal Crypto Wallets and Browser Data: Safeguard Your Bitcoin Cybercriminals have unleashed a devious new malware campaign, using fake CAPTCHA-style pop-ups to trick users into installing data-stealing tools that target crypto wallets, browser credentials, and more. Cybersecurity experts at eSentire have exposed this cunning attack, known as ClickFix, which […]
Read Full Article
MoonPay Executives Lose $250K in Crypto Scam: Lessons for Bitcoin and Blockchain Security Two senior executives at MoonPay, a heavyweight in the cryptocurrency payments space, have been swindled out of $250,300 in a jaw-droppingly basic online scam. According to a US Department of Justice (DOJ) filing, the victims—believed to be CEO Ivan Soto-Wright and CFO […]
Read Full Article
Coinbase Breach 2025: $400M Hack Exposes Social Engineering Risks in Crypto A major security breach at Coinbase, one of the largest cryptocurrency exchanges in the world, has laid bare the fragility of even the most established players in the crypto space. In a sophisticated social engineering scheme, hackers didn’t need to crack cutting-edge encryption or […]
Read Full Article
TRON’s X Account Hacked: Navigating the Aftermath of a Social Engineering Attack On May 2, 2025, TRON’s official X account was compromised through a social engineering attack, leading to hackers spreading malicious content and igniting a public dispute with OKX. Despite the setback, TRON presses forward with its Kant mainnet upgrade, aiming to bolster its […]
Read Full Article