Brooklyn man sent to prison for 12 years for stealing $16M in a Coinbase phishing scheme
A man from Brooklyn impersonated a Coinbase customer service person and convinced his victims they’d been hacked. Ronald Spektor, 23, was sentenced to up to…
Security
KelpDAO Files Lawsuit Against LayerZero Over $292 Million rsETH Security Breach
Evercrest Technologies, the organization behind KelpDAO, submitted a notice of civil claim at the Supreme Court of British Columbia on Thursday naming LayerZero Labs Ltd.,…
Bitcoin’s complexity paradox: How layer-2 scalers became AI’s main target
Recent security incidents involving Coldcard wallets, Core Lightning, and Blockstream’s Liquid Network have exposed weaknesses in Bitcoin infrastructure and put hundreds of millions of dollars…
Liquid Network Recovers Most Stolen Bitcoin From White-Hat Hackers
Summary Whitehat hackers returned 3,400 of the 4,000 bitcoin taken from Liquid Network’s federation wallet, while about 598 bitcoin, worth roughly $47 million, remains outstanding….
A Two-Key Security Vulnerability Could Threaten $91 Billion in USDT
Approximately half of all circulating USDT, amounting to roughly $91.3 billion on the Tron blockchain, is managed by a contract whose administrative privileges could be…
Liquid Network Halts Following Alleged White-Hat Extraction of $320 Million in Bitcoin
On Sunday, Liquid Network announced that alleged white-hat hackers removed around 4,000 bitcoin, valued at approximately $320 million, from its federation wallet, which led the…