Crypto Trading Firm Wintermute Loses $160 Million in Hacking Incident

In what's the latest crypto heist to target the decentralized finance (DeFi) space, hackers have stolen digital assets worth around $160 million from crypto trading firm Wintermute. The hack involved a series of unauthorized transactions that transferred USD Coin, Binance USD, Tether USD, Wrapped ETH, and 66 other cryptocurrencies to the attacker's wallet. The company said that its centralized

U.S. Seizes Cryptocurrency Worth $30 Million Stolen by North Korean Hackers

More than $30 million worth of cryptocurrency plundered by the North Korea-linked Lazarus Group from online video game Axie Infinity has been recovered, marking the first time digital assets stolen by the threat actor have been seized. "The seizures represent approximately 10% of the total funds stolen from Axie Infinity (accounting for price differences between time stolen and seized), and

FBI Warns Investors to Take Precautions with Decentralized Financial Platforms

The U.S. Federal Bureau of Investigation (FBI) on Monday warned of cyber criminals increasingly exploiting flaws in decentralized finance (DeFi) platforms to plunder cryptocurrency. "The FBI has observed cyber criminals exploiting vulnerabilities in the smart contracts governing DeFi platforms to steal investors' cryptocurrency," the agency said in a notification. Attackers are said to have used