Crypto’s Insurance Crisis: Billions Exposed as Hacks Persist
Billions in crypto assets remain uninsured as DeFi hacks persist, exposing investors to major losses and slowing institutional adoption.
Latest Crypto Hacks and Scams News
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Tether Freezes $344M at US Request
Tether has frozen about $344 million in USDT after receiving a request from US authorities.
Kelp Hack Funds Move Through THORChain
Kelp hack funds are moving through THORChain as recovery prospects narrow.
Arbitrum Locks Hacker Funds After Kelp DAO Bridge Attack
Arbitrum's Security Council froze $71M in ETH tied to the $292M Kelp DAO exploit, acting on law enforcement input with a governance vote...
Kraken Freezes $12M While Memecore Scrutiny Grows
Kraken helped freeze $12M in illicit funds during Operation Atlantic, while ZachXBT raised concerns over Memecore listing and insider...
LayerZero Blames Kelp’s 1-of-1 Verifier Setup for $290M Exploit, Ties It to North Korea’s Lazarus
LayerZero said Kelp’s 1-of-1 verifier setup enabled a $290 million exploit after attackers poisoned RPC nodes and used DDoS to force...
DeFi Hacks Hit $606M in April, Worst Since 2025
Crypto protocols lost $606M in April’s first 18 days, with two DeFi exploits driving most losses and raising concerns over rising hack...
KelpDAO Hack Triggers $13B DeFi TVL Drop
The KelpDAO exploit triggered $13B in DeFi outflows in 48 hours, as stolen collateral spread risk across lending platforms and forced...
Fake Ledger Found on Chinese Marketplace
Ledger counterfeit wallet found on a Chinese marketplace was built to steal seed phrases.
Grinex Halts Trading After $13M Hack
Grinex halted trading after a hack drained roughly $14 million from the exchange.
Apple Pulls Fake Ledger App After $9.5M Theft
Apple removed a fake Ledger app after $9.5 million in crypto theft.
BIP-361 Could Freeze Inactive Bitcoin Wallets
Bitcoin developers propose BIP-361, a quantum defense plan that could freeze legacy coins, sparking debate over Bitcoin’s core principles.
Researchers flag AI routers that can drain wallets
Researchers say some AI routers can rewrite calls and drain wallets.
US Treasury opens cyber threat-sharing channel to crypto firms
Treasury has launched a cyber threat-sharing initiative for eligible US crypto firms and industry groups. The move extends an existing...
Iran Expands Crypto Use for Oil Trade as Strait of Hormuz Toll Reports Emerge
Iran is reportedly charging tankers roughly $1 per barrel in Bitcoin and stablecoins to pass through the Strait of Hormuz, with the toll...
Massachusetts City Weighs Crypto ATM Ban Over Risks
A Massachusetts city is considering banning crypto ATMs as fraud cases rise, highlighting growing local intervention in digital asset.
Bitwise Digs Deeper Into On-Chain Vaults With Morpho Launch
Bitwise launched a non-custodial vault on Morpho targeting about 6% APY on stablecoins. The firm is pitching on-chain vaults as a scalable...
UK Restricts Crypto Links to Disrupt $20B Scam Network
The UK is disrupting a $20B scam network by restricting its access to legitimate cryptocurrency infrastructure.
Balancer Labs to Close After $110M Hack
Balancer Labs shuts down after a $110M hack; the protocol survives in a slimmed-down form with restructured tokenomics and DAO governance.
FBI Warns Tron Users About Fake Tokens Impersonating the Agency
FBI New York warned Tron users about fake “FBI” tokens on the network that direct wallet holders to phishing sites. The agency urged users...