$1.4 billion stolen in crypto hacks in first half of 2024, study finds

$1.4 billion stolen in crypto hacks in first half of 2024, study finds

The amount of cryptocurrency stolen in global hacking attacks more than doubled to a record $1 billion during the first six months of this year, compared to all of 2023, according to TRM Labs' blockchain researchers.

By June 24, 2024, more than $1.38 billion in crypto had been pilfered, which is significantly higher compared to the amount stolen during the first half of last year, estimated at $657 million. The median theft size also increased by 50%.

This spike is...

Merlin Chain ‘sets new standard’ for blockchain security with chain architecture

Merlin Chain, a specialist in Bitcoin-native layer 2 (L2) protocols, has rolled out a comprehensive suite of security measures alongside what it describes as revolutionary chain architecture.

This initiative follows the platform's remarkable achievement of securing a $3.5 billion Total Value Locked (TVL) just 30 days after its mainnet launch, attracting an impressive cohort of over 200 projects to its rapidly expanding ecosystem.

At the heart of Merlin Chain's ethos is...

OneSpan unveils quantum-safe blockchain storage

OneSpan, a digital agreements security company, has announced a unique new capability to its market-leading e-signature solution, OneSpan Sign, to give organisations a better way to safeguard the provenance of a document against emerging security threats.

The newest addition to OneSpan’s portfolio, Trust Vault, helps guarantee the integrity and long-term viability of documents on immutable storage based on blockchain technology, throughout the lifetime of the...

World-first blockchain storage partnership agreed to protect data of 500,000 students in Africa

OmniIndex, the secure Web3 data platform, has agreed a deal with Future-X Education and Cross River State in Nigeria to secure the data of every student in the state with blockchain storage and fully encrypted analytics.

The new partnership will see the data of an estimated 500,000 individuals become fully protected with encryption, redacted anonymisation and Web3 security. The use of blockchain and encryption technologies will enable accurate real-time insights to improve...

Binance exec deepfake fools ‘highly intelligent’ people

A deepfake of Binance Chief Communications Officer Patrick Hillmann is reportedly fooling “highly intelligent” people.

The attackers are using what Hillman describes as an “AI hologram” of himself to fool representatives of various projects that the CCO is helping them get listed on the exchange.

In a blog post last week, Hillmann revealed that he received several online messages from project teams thanking him for taking the time to meet with them. However, it...

‘Free-for-all’ Nomad exploit drains $190M of crypto

Cross-chain bridge Nomad has fallen victim to a “free-for-all” exploit that drained around $190 million in crypto.

Just last week, Nomad announced that it had secured $22.4 million in seed funding from high-profile backers including Coinbase Ventures, Crypto.com Capital, and OpenSea. The company emphasised its focus on security following a spate of bridge hacks.

“With $1.5B in bridge hacks happening within the last 12 months, many people, protocols, and DAOs are...

Massive data breach leaves OpenSea users’ email addresses vulnerable

OpenSea, the leading non-fungible token (NFT) marketplace, has warned its users after discovering an employee of email management platform Customer.io has leaked OpenSea customer’s emails to a third party.

Any user who has their email address registered with OpenSea, whether it’s for the platform or its newsletter, has been affected by the breach.

OpenSea has since warned all of its users to watch out for potential phishing attempts and has reported the incident to...

Liquid hit by $100m crypto heist in second major hack this week

Crypto Hacker

Liquid, a Japanese cryptocurrency exchange, has been hit by a cyberattack that saw $97 million (£71m) stolen from users’ digital wallets.

Liquid said some of its digital currency wallets had been “compromised,” and that hackers were transferring the assets to four different wallets.

“We are currently investigating and will provide regular updates,” Liquid tweeted. “In the meantime deposits and withdrawals will be suspended.”

Although no estimated...