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Convergence, a decentralized finance (DeFi) protocol, got hammered by hackers. The attack happened in the wee hours of August 1. It cost the protocol a whopping $212,000. The hack sent Convergence's native token, CVG, into a nosedive. Its value plummeted by over 99%. Talk about a rough day at the of

Russian-speaking cybercriminals dominated the crypto crime scene in 2023. A new report by TRM Labs spills the beans on the extent of their activities. These groups were behind a whopping 69% of all ransomware proceeds in crypto last year. We're talking big bucks here - over $500 million. Lockbit and

A major IT outage hit big banks last week. It was a mess. JPMorgan, Chase, Bank of America, and Wells Fargo all had issues. Shytoshi Kusama, the main brain behind meme coin Shiba Inu (SHIB), says we need a new solution. He's pushing for a web3-based operating system. Kusama posted on X about the out

A new crypto scam is making waves. It uses a fake Zoom page. The scam has already nabbed $300,000 in digital assets. NFT collector and cybersecurity expert "NFT_Dreww" sounded the alarm on X. He called it "extremely sophisticated". The scam targets NFT holders and crypto whales. Scammers reach out w

Rapper 50 Cent's Twitter account was hacked on Friday. Hackers used his account for a pump-and-dump scheme for a new Solana token. The hacker posted a flurry of tweets promoting "GUNIT" coin. They referenced 50 Cent's cognac brand and other celebrity crypto projects. It looked legit at first glance,