Venus Protocol temporarily suspended its platform on Sept. 2 after a user lost tens of millions of dollars in a targeted phishing incident. The pause followed reports from blockchain security firm Cyvers, which flagged a suspicious transaction draining nearly $27 million from a single wallet. According to reports, the stolen assets included $19.8 million in…
Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. Crypto crime is on the rise. From the first epic hack of mighty Mt. Gox to the intricate OneCoin scam orchestrated by nefarious Bulgarian…
A crypto trader lost over $2.5 million worth of Tether (USDT) after falling for the same scam twice within hours. On May 26, blockchain security firm Scam Sniffer reported that the first error occurred when the trader copied a manipulated wallet address from their transaction history. This resulted in a transfer of $843,000 to the…
