Crypto Security News

Crypto security incidents, investigations, wallet risks and recovery updates, distinguishing confirmed findings from allegations.

Solv Protocol offers 10% bounty after $2.7M exploit targets Bitcoin vault

Solv Protocol lost about $2.7 million after a smart contract exploit allowed an attacker to mint tokens and swap them for Bitcoin-pegged assets. The platform has offered a 10% bounty to recover the funds and says affected users will be reimbursed. Security firms are now investigating the breach.

Matcha Meta breach traced to SwapNet exploit drains up to $16.8M on Base

Matcha Meta users were urged to revoke approvals after a SwapNet contract exploit drained up to $16.8 million on Base, with security firms tracing the attack to a smart-contract flaw that allowed approved funds to be transferred, highlighting ongoing DeFi risks that are increasingly being exposed with the help of AI tools.

Bitcoin hacker behind historic Bitfinex breach freed early under US sentencing reform

Ilya Lichtenstein, who carried out the 2016 Bitfinex Bitcoin hack, has been released early under the First Step Act after serving just over a year of a five-year sentence. His release comes as Donald Trump signals renewed scrutiny of crypto-related prosecutions, reopening debate around punishment, reform, and accountability in the crypto era.

Trust Wallet Faces Insider Questions After $7M Holiday Hack

Trust Wallet will reimburse about $7M lost in a Christmas Day browser extension exploit that was quietly prepared weeks in advance. Investigators say the attack may point to insider access, raising fresh concerns around wallet software security and update controls.

$50M USDT Lost After Wallet Address Spoofing Trick

A crypto user lost nearly $50M in USDT after copying a poisoned wallet address from transaction history. The incident highlights how address spoofing scams exploit habit and speed, not technical flaws.