Crypto security incidents, investigations, wallet risks and recovery updates, distinguishing confirmed findings from allegations.
Crypto hack losses dropped 37% in Q3 to $509M, with code exploit incidents plunging. But September set a record for million-dollar hacks, led by exchange and wallet breaches, highlighting shifting attacker strategies and ongoing risks despite improved defenses.
SEAL’s Safe Harbor framework is giving ethical hackers legal protection to intervene during live exploits, already saving billions in crypto. With 29 companies adopting the standard and dozens of white hats actively defending protocols, the initiative signals a new era of collective security in crypto.
Bubblemaps has alleged the largest Sybil attack in crypto history on MYX Finance’s airdrop, flagging 100 wallets that claimed $170 million worth of MYX tokens under suspicious conditions. MYX denied wrongdoing, citing trading activity and anti-Sybil measures, but Bubblemaps dismissed the response as vague. The case highlights growing concerns over large-scale airdrop farming operations, such as massive phone farms used to exploit token giveaways.
Several WLFI scams have surfaced around the token’s launch, with Bubblemaps flagging clone contracts mimicking real projects. The WLFI team cautioned users to ignore direct messages and verify emails only from official domains to avoid fraud.