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Cybersecurity firm Threat Fabric says it has found a new family of mobile-device malware that can launch a fake overlay for certain apps to trick Android users into providing their crypto seed phrases as it takes over the device. Threat Fabric analysts said in a March 28 report that the Crocodilus malware uses a screen overlay warning users to back up their crypto wallet key by a specific deadline or risk losing access. “Once a victim provides a password from […]

Ethereum-based DeFi protocol SIR.trading, also known as Synthetics Implemented Right, has been hacked, resulting in the loss of its entire total value locked (TVL) — $355,000 at the time of the attack.  The March 30 hack was initially detected by blockchain security firms TenArmorAlert and Decurity, both of which posted warnings on X to alert users of the protocol. The protocol’s founder, known only as Xatarrer, described the hack as “the worst news a protocol could received [sic],” but suggested […]

Crypto exchange users in South Korea have crossed over 16 million after receiving a boost following US President Donald Trump’s election win last November.  Data submitted to representative Cha Gyu-geun of the minor opposition Rebuilding Korea Party found over 16 million people had crypto exchange accounts out of a total population of 51.7 million, according to a March 30 report from local news agency Yonhap.  This would be equivalent to over 30% of the population.  All the data was taken […]

Opinion by: Andrey Sergeenkov, researcher, analyst and writer Crypto founders love big promises: decentralized finance, banking the unbanked and freedom from intermediaries. Then hacks happen. In some cases, billions vanish overnight.  On Feb. 21, 2025, the North Korean Lazarus Group stole $1.46 billion from Bybit. They sent phishing emails to staff with cold wallet access. After compromising these accounts, they accessed Bybit’s interface and replaced the multisignature wallet contract with their malicious version. When Bybit attempted a routine transfer, the […]

Coinbase users may have lost as much as $46 million to suspected phishing scams over the past two weeks as rising crypto prices continue to attract bad actors to the industry. Scams such as address poisoning and wallet spoofing involve tricking victims into sending assets to fraudulent wallet addresses that closely resemble legitimate ones. According to blockchain investigator ZachXBT, multiple Coinbase-linked wallets have been targeted this month. A screenshot from blockchain explorer Blockchair shows a suspected 400 Bitcoin (BTC) theft […]