On July 24, 2024, MonoSwap, a decentralized exchange and staking platform, revealed it had been hacked and advised users to withdraw their funds and avoid adding more.
On July 24, 2024, MonoSwap, a decentralized exchange and staking platform, revealed it had been hacked and advised users to withdraw their funds and avoid adding more. The platform also cautioned against clicking a malicious link identified in a social media alert.
The breach occurred on July 23, 2024, when a developer fell victim to a phishing scheme disguised as a venture capitalist call. Scammers installed malware on the developer’s computer, gaining access to the platform’s wallets and contracts, leading to significant losses of staked liquidity.
MonoSwap is currently investigating the attack and working with venture capitalists to address the issue.
CoinGecko co-founder Bobby Ong had warned on July 11, 2024, about a surge in crypto hacks, attributing the rise to security lapses following Google’s domain business sale to Squarespace, which disrupted two-factor authentication.
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The notorious hacking group known for its crypto thefts has lost access to nearly $5 million in stablecoins, following actions taken by stablecoin issuers to freeze the funds.
Binance has issued a warning about a malware attack targeting its users, which alters cryptocurrency withdrawal addresses.
Prosecutors have introduced new internal documents from Bithumb in their ongoing case against Lee Sang-joon, the exchange’s former CEO.
Sam Bankman-Fried, the former CEO and co-founder of FTX currently serving a prison sentence, has filed an appeal seeking to overturn his fraud conviction, according to court documents submitted on Friday.