Over the past month, Solana’s decentralized finance (DeFi) ecosystem has been the subject of an onslaught of sandwich attacks. This unfortunate trend has been a source of frustration for developers and users alike. As a result, attackers are exploiting transaction ordering to extract value with growing success. One trading application,...
Solana, which has positioned itself as a fast, scalable alternative to Ethereum, recently addressed a critical security vulnerability with an emergency patch applied on April 17. Core validators have already launched a coordinated effort behind the scenes. This has sparked a fresh concern around the network’s decentralization. This ghost patch...
A $330 million cryptocurrency hack, the largest ever at the time, has shaken the crypto world. An advanced social engineering scam caused a U.S. senior citizen to lose their life savings on May 4, 2025. In time, investigators tracked the incident down to this nefarious plot. These fine amounts were...
On May 1, Israel’s immigration authorities arrested Gurevich at Ben-Gurion Airport. He’s a dual Russian and Israeli citizen reportedly connected to the $190 million Nomad bridge hack. Gurevich (who had recently adopted the name Alexander Block just a few days prior) was attempting to catch a flight to Russia when...
So far, Arizonans have lost millions of dollars to these Bitcoin ATM scams. As seen in these scams, we’re witnessing a more dangerous and sophisticated convergence between digital finance and cybercrime. This creates a significant burden for law enforcement and consumers alike. As the number of cryptocurrency ATMs—an introduction that...
Crypto-related hacks, exploits, and scams caused a cumulative loss of $364 million in April, per a report released last week by CertiK. This amounts to an appalling 1,163% increase over the $28.8 million we lost in March. Though there were notable successful asset recoveries, the sum of those figures illustrates...
Loopscale, a decentralized finance (DeFi) platform, has managed to recover around $2.8 million after being exploited in a major exploit over the weekend. Negotiations with the exploiter, who stole $6 million in assets from Loopscale’s multi-chain vaults on April 26, preceded this recovery. This incident is illustrative of an alarming...
We know the fraud landscape is constantly evolving. High-risk merchants need to be proactive about new threats to protect their revenue and keep their customers’ trust. A recent Finextra blog post outlines the five fraud trends that will be most felt by high-risk merchants in 2025. This smart piece was...
Transparency and verifiability are the core tenets of open-source technology, which promotes trust and collaboration. The open-source model has come under greater scrutiny as its impact on security and IP protection becomes more obvious. From decentralized finance (DeFi) protocols to artificial intelligence (AI) models, the debate over open versus closed...
Loopscale has deep dived on recovering funds that were stolen in an exploit on April 26, with $5.8 million successfully recovered thus far. The settlement agreement The company announced that all user funds have been refunded, a big step in recovering from the hack. As part of the deal, the...
