ChainCatcher news, according to the Straits Times, Singapore's Minister of State for Home Affairs Sun Xuelin stated that last year, cryptocurrency scams accounted for a quarter of the total losses from fraud. In the highest-value scam case last year, the victim clicked on a fake meeting link, downloaded and ran malicious code on their computer, resulting in a loss of approximately 125 million Singapore dollars.Sun Xuelin mentioned that, in addition to malware, scammers also design fake websites, send phishing links, or use "pump and dump" tactics to inflate the prices of memecoins before causing them to plummet. "Our advice to the public is to stay away from cryptocurrencies. The risk of being 'burned' is very high, and if you become a victim of a scam, the chance of recovering even a cent is very slim."

ChainCatcher news, according to a report by Hong Kong media Wen Wei Po, the Hong Kong police stated that they received over 3,400 cases related to cryptocurrency last year, with losses exceeding 4.3 billion HKD. In the first 10 months of this year, there have been more than 2,100 cases, with losses exceeding 3.1 billion HKD.Among the related cases, the single highest loss amount is approximately 1.6 billion HKD. Election Committee member and Legislative Councilor Wu Jietzhuang said that in addition to strengthening regulation and public education, the public should also increase their understanding of cryptocurrency, recognize investment risks, avoid being greedy for small gains, choose licensed trading platforms when investing, and act within their means.

ChainCatcher news, according to the phishing report released by ScamSniffer in August, approximately 9,145 victims lost about 63 million dollars in cryptocurrency phishing scams. Compared to July, the number of victims decreased by 34%, but the amount stolen surged by 215%. One victim lost as much as 55 million dollars in a phishing scam targeting proxy ownership.The report noted a significant decrease in the number of fake accounts on the X platform (formerly Twitter). ScamSniffer recommends optimizing the display of key phishing characteristics and integrating its phishing domain and address blacklist to protect users.

ChainCatcher news, according to Beosin Alert monitoring, the Terra chain has been suspended due to an emergency upgrade. It seems that someone has exploited an IBC vulnerability to mint multiple tokens on the Terra chain, including ASTRO.The Beosin security team analyzed and found that after the attacker instantiated the contract on Terra, they exploited a reentrancy vulnerability in the timeout callback of ibc-hooks, transferring approximately 60 million ASTRO, 3.5 million USDC, 500,000 USDT, and 2.7 BTC, totaling about 5.28 million USD in value.This vulnerability was disclosed in April this year and belongs to a vulnerability in the cosmos base library, but Terra has not fixed it.

ChainCatcher news, according to monitoring by blockchain security audit company Beosin Alert, the total loss from various security incidents in May 2024 increased compared to April. In May 2024, there were over 27 typical security incidents, with a total loss of 154 million USD due to hacker attacks, phishing scams, and Rug Pulls, an increase of about 52.5% compared to April. Among them, attack incidents accounted for about 54.51 million USD, an increase of about 3.7%; phishing scam incidents accounted for about 97.4 million USD, an increase of about 754%; and Rug Pull incidents accounted for about 2.04 million USD, a decrease of about 94.5%.This month, there were 2 hacker attack incidents with losses exceeding 10 million USD: the gaming platform Gala Games lost 22.5 million USD due to private key leakage, and Sonne Finance lost 20 million USD due to a contract vulnerability. This month saw a significant increase in phishing scams, with multiple phishing incidents resulting in losses exceeding 1 million USD, including one address poisoning scam with a loss of 72 million USD. The number of crypto crime cases continued to rise this month, with several cases involving amounts exceeding 100 million USD.

ChainCatcher news, Judge Kaplan stated in the SBF sentencing trial that he rejected the defense's argument regarding (repaid) user losses, both legally and factually, because the claim that customers and creditors would receive full compensation is misleading. The defendant equates the losses in the bankruptcy case with the corresponding dollar amounts at that time (FTX compensates users based on the dollar amounts corresponding to the cryptocurrency values at the end of 2022 when the collapse occurred).Kaplan stated that the incidental rise in the value of certain cryptocurrencies is unrelated to the severity of SBF's crimes. (For example) a thief brings stolen goods to Las Vegas and successfully places a bet; even if they eventually repay, they are not entitled to a reduced sentence. The amount lost by users in the incident is significantly higher than $550 million; his investigation found that investors lost $1.7 billion, lenders lost $1.3 billion, and customers lost $8 billion.

ChainCatcher news, PeckShield confirmed on social media that Prisma Finance has been attacked, with a specific loss amount of 8.1 million dollars.

ChainCatcher news, according to monitoring by the blockchain security audit company Beosin's KYT anti-money laundering analysis platform, the loss amount from various security incidents significantly increased in February 2024 compared to January. In February 2024, there were more than 19 typical security incidents, with total losses due to hacker attacks, phishing scams, and Rug Pulls reaching $422 million, an increase of about 102% compared to January. Among these, attack incidents accounted for approximately $347 million, an increase of about 110%; phishing scam incidents were about $16.08 million, a decrease of about 52%; and Rug Pull incidents were approximately $59.38 million, an increase of about 440%.The largest attack incident in February was the attack on the crypto gaming platform PlayDapp due to private key leakage, resulting in a loss of $290 million, making it the highest loss security incident of the year so far. Other incidents with losses exceeding ten million dollars include: the centralized exchange FixedFloat being attacked, resulting in a loss of $26.1 million; Axie Infinity co-founder Jihoz.ron’s personal address losing about $10 million due to private key leakage. Additionally, the Hong Kong exchange Bitforex is suspected of experiencing a Rug Pull, with $56.5 million anomalously flowing out of its hot wallet.

ChainCatcher news, according to the monitoring by Beosin's EagleEye security risk monitoring, early warning, and blocking platform, in November 2023, the loss amount from various security incidents significantly increased compared to October. The total loss caused by hacker attacks, phishing scams, and Rug Pulls reached 356.53 million USD, approximately 6.9 times the total loss in October. Among these, attack incidents accounted for about 335.63 million USD, phishing scams for about 14.6 million USD, and Rug Pull incidents for about 6.3 million USD.In November, there were two security incidents involving stolen funds exceeding 100 million USD: the cryptocurrency exchange Poloniex was hacked for about 126 million USD; HTX and its related cross-chain bridge HECO Bridge were hacked for about 110 million USD. These two security incidents (both under projects of Sun Yuchen) accounted for 66% of this month's hacker attack losses. This month, phishing incidents increased compared to last month, with multiple single addresses being phished for over 1 million USD. Additionally, this month saw a significant rise in global cryptocurrency crime cases, with several cases involving over 100 million USD, including various types such as fraud and money laundering.

ChainCatcher news, according to the monitoring of the Beosin EagleEye security risk monitoring, early warning, and blocking platform under the blockchain security audit company Beosin, the loss amount of various security incidents in October 2023 significantly decreased compared to September. In October, there were more than 23 typical security incidents, with a total loss amount of 51.61 million USD due to hacker attacks, phishing scams, and Rug Pulls, a decrease of approximately 85.6% compared to September. Among them, attack incidents accounted for about 28.33 million USD, Rug Pull incidents for about 12.02 million USD, and phishing scam incidents for about 11.26 million USD.The major security incidents in October included: the theft of approximately 7 million USD from the Fantom Foundation wallet; the theft of approximately 6 million USD from the Philippine cryptocurrency exchange Coins.ph; and the theft of approximately 4.4 million USD from the password management tool LastPass. All three incidents were due to private key leaks. In October, there were also multiple Rug Pull incidents exceeding one million USD, and users are advised to pay attention to security precautions.

ChainCatcher message, according to the Beosin KYT virtual asset anti-money laundering compliance and analysis platform under Beosin, as of the time of publication, the losses of the exchange CoinEx across multiple blockchains are estimated to be at least $53 million, specifically: approximately $18 million on the ETH chain, about $6.3 million on the BNB chain, around $11.1 million on the TRON chain, about $6 million on the XRP chain, approximately $5.97 million on the BTC chain, $286,000 on the Polygon chain, $2.65 million on the Solana chain, $448,000 on the BCH chain, $1.7 million on the XDAG chain, and $1.12 million on the KDA chain.The Beosin security team will continue to track and analyze the stolen funds.

ChainCatcher news, according to the monitoring of the Beosin EagleEye security risk monitoring, early warning, and blocking platform under the blockchain security audit company Beosin, the number of various security incidents and the amount involved significantly increased in March 2023 compared to February. In March, there were more than 21 typical security incidents, with total losses from various attacks amounting to approximately $218 million, an increase of about 283% compared to February. Additionally, the amount involved in scam exit incidents in March reached $6.6 million.The main losses this month came from the $197 million loss suffered by Euler Finance due to an attack on March 13, of which the attacker has returned $150 million so far. The second largest attack incident was a vulnerability introduced in the SafeMoon project after an upgrade, allowing arbitrary token destruction, resulting in a loss of $8.9 million. This month, there were two notable phishing incidents targeting individual users, with losses exceeding one million dollars each. Furthermore, the lending protocol Kokomo Finance on Optimism experienced a rug pull, with the deployer absconding with $4 million, marking the largest exit scam in recent times.

According to ChainCatcher news, monitoring by Beosin EagleEye, a security risk monitoring, early warning, and blocking platform under the blockchain security audit company Beosin, shows that in November 2022, the number of various security incidents and the amount involved decreased compared to October. In November, there were more than 18 typical security incidents, with total losses from various security incidents amounting to approximately $518.09 million.The largest security incident in November occurred shortly after the FTX exchange filed for bankruptcy, when a hacker stole approximately $440 million in funds and continued to transfer it to the BTC chain. This month, attacks in the DeFi sector decreased compared to last month, while scam and exit fraud incidents remained high, and there was an increase in wallet security incidents and private key leaks. Additionally, 80% of the attack incidents this month originated from contract vulnerabilities, and it is recommended that projects seek professional companies for security audits before going live.