The hackers’ posts remained live for a few hours before the team regained control of the account later that evening.
While the class-action lawsuit has been dismissed, Atomic Wallet still faces ongoing challenges as users work to reclaim their lost funds and explore additional legal options.
According to the platform, its security team is reportedly working around the clock to rectify the issue.
Crypto scams by impersonating popular personalities are quite common on YouTube.
The resurgence of Angel Drainer comes at a time when phishing scams have significantly increased.
During the recent conference call with journalists, WazirX founder Nischal Shetty stated that the customers would probably lose 43% of the money they had with the exchange.
Mudrex’s case reflects the general situation in India, where there has been a significant increase in the number of crypto-related scams this year.
Kylian Mbappé’s social media was hacked to promote a fake crypto token, leading to large losses for some investors but profits for experienced traders.
Crypto security firm CertiK blames employee for Tornado Cash use during $3 million Kraken hack, raising transparency and ethical concerns.
Durov’s arrest has sparked a broader concern about the future of Web3, as this is not the first time an executive who advocated privacy has been attacked by the authorities
There is a generally growing occurrence of crypto scams and hacks.
This incident represents a broader trend of rising numbers of attacks in the DeFi ecosystem.
Since this new contract went live, it has processed over 85,000 transactions, generating about 765 ETH, which is close to $2 million at current market prices.
Since the hack happened, the exchange has carried out several processes to restore its users’ funds and prevent a recurrence.
The attacker used a decentralized mixer that makes it hard to trace the origin of cryptocurrency transactions.