losses

Just last April, in fact, the fast-booming cryptocurrency sector took its biggest spill. It further lost an estimated $357 million to hacks, scams, and exploits. Of the total losses, phishing attacks were responsible for the majority of the losses, $318 million. This enormous uptick represents a troubling maturation of these...

Riot Platforms, arguably the biggest player in the Bitcoin mining space, just put out its Q1 2025 numbers. The report spotlights their remarkable accomplishments, as well as daunting obstacles that are now before them. The company recently announced that it achieved record quarterly revenue of $161.4 million! This is a...

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...

The simple truth is that April 2025 dealt a savage blow to the crypto world. Imposter and online marketplace scams alone accounted for a jaw-dropping $227 million in their losses. This is a huge jump from the $28.8 million in damages reported in March. In the aftermath, investors and users...

More recently, Bybit, one of the world’s leading cryptocurrency exchanges, was hacked for $4 million. This single incident contributed to the loss of $1.4 billion in crypto assets. The breach exploited design flaws in the exchange’s process for transferring assets from the cold wallet. This breach is now the 2nd...

Cryptocurrency scams in the United States recently skyrocketed, with reported losses amounting to $9.3 billion in 2024. According to the FBI’s Internet Crime Complaint Center (IC3), cryptocurrency scams have exploded by an eye-popping 66% over last year. This shocking trend has an impact across the lifespan, but older Americans are...

MetaBlockX.com enables you to explore the digital asset universe with clarity and confidence. Experience accuracy-focused price predictions, live Bitcoin charting, intelligent staking recommendations, and valuable security advice.The decentralized finance (DeFi) space recently experienced another high-profile hack. KiloEx, a decentralized exchange (DEX), recently suffered an exploit. As a consequence, it ended...