NFPrompt, a content generation platform that was incubated by Binance Labs, has been the victim of a severe cyberattack leading to substantial losses. This unfortunate event saw hackers exploit vulnerabilities within the platform, resulting in compromised user funds and portions of NFPrompt’s treasury and ecosystem fund. A Significant Security Incident Rocks the Crypto Markets: NFPrompt…
Title: Unprecedented Surge in Crypto-Related Investment Fraud: A Warning from the FBI and Global Authorities The Federal Bureau of Investigation (FBI) has published a startling report revealing an alarming increase in crypto-related investment fraud, making it the leading cause of investment losses within the United States in 2023. According to the report, losses from crypto…
The cryptocurrency sector experienced a major setback as the Seneca stablecoin protocol succumbed to a significant Website security breach, resulting in the theft of roughly $6.4 million worth of digital assets. This unfortunate incident was identified and reported by blockchain Website security firms, prompting a swift response from Seneca and the wider crypto community. Detecting…
South Korean Authorities Arrest Multinational Gang Involved in Surge of Over-the-Counter (OTC) Crypto Crimes A Multinational Gang Targeting Victims in OTC Crypto Transactions On December 3, 2023, South Korean authorities made a significant breakthrough in their efforts to combat crypto-related crimes when they apprehended six individuals, including a South Korean man and an Egyptian man,…
