PYMNTS-MonitorEdge-May-2024

Hackers

A computer hacker is any skilled computer expert that uses their technical knowledge to overcome a problem. While "hacker" can refer to any skilled computer programmer, the term has become associated in popular culture with a "security hacker", someone who, with their technical knowledge, uses bugs or exploits to break into computer systems.

Source: en.wikipedia.org

Another Hack, Another Collapse as Stablecoin Woes Follow Familiar Pattern
Another Hack, Another Collapse as Stablecoin Woes Follow Familiar Pattern
August 15, 2022  |  Cryptocurrency

Another unbacked stablecoin collapsed this weekend, this time after a hacker was able to mint a staggering $1.28 billion worth of the dollar-pegged token. The...

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Brazilian Crypto Platform BlueBenx Suspends Withdrawals, Reports $31M Hack
Brazilian Crypto Platform BlueBenx Suspends Withdrawals, Reports $31M Hack
August 14, 2022  |  Cryptocurrency

Brazilian cryptocurrency investment platform BlueBenx has become the latest crypto company to suspend withdrawals, citing an alleged hack that cost the company over $31 million....

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Elliptic: Cross-Chain Payments Bridges Are DeFi’s Next Big AML Battleground
Elliptic: Cross-Chain Payments Bridges Are DeFi’s Next Big AML Battleground
August 11, 2022  |  Cryptocurrency

In case you thought the biggest problem with cross-chain bridges used to make payments between blockchains was that they are fantastically vulnerable to hackers, with...

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Digital Authentication Firm Twilio Says Hackers Accessed Customer Data
Digital Authentication Firm Twilio Says Hackers Accessed Customer Data
August 08, 2022  |  Security & Fraud

Digital authentication company Twilio said some employees and customers were victims of a hack, a Bloomberg report said Monday (Aug. 8). The hackers tricked employees...

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Today in Crypto: Chileans Stablecoin Use up 50% as Economy Dips; Portugal’s Banks Close Crypto Accounts
Today in Crypto: Chileans Stablecoin Use up 50% as Economy Dips; Portugal’s Banks Close Crypto...
August 03, 2022  |  Cryptocurrency

Hackers have returned $9 million to cross-chain bridge Nomad after it was exploited for $190.4 million Tuesday (Aug. 2), Coindesk wrote. The amount returned was...

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$8M Solana Hack: A Cautionary Tale About the Dangers of Crypto Hot Wallets
$8M Solana Hack: A Cautionary Tale About the Dangers of Crypto Hot Wallets
August 03, 2022  |  Cryptocurrency

At this point, it’s tempting to say, “Another day, another massive crypto hack.” But this one’s different. While the sum involved is relatively small —...

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Millions Drained in Solana Wallet Hack
Millions Drained in Solana Wallet Hack
August 03, 2022  |  Security & Fraud

Security firms are scrambling to assess total losses after hackers hit thousands of Solana wallets and drained millions in assets in an attack that started...

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Ransomware Fraudsters Pivot as Payments Shrink 
Ransomware Fraudsters Pivot as Payments Shrink 
July 29, 2022  |  Security & Fraud

Cybercriminals engaged in ransomware-as-a-service (RaaS) have been forced to pivot in how they run their fraudulent operations, as fewer victims coughed up payments this year...

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Hackers Force a $4B Question: Can DeFi Ever Be Safe?
Hackers Force a $4B Question: Can DeFi Ever Be Safe?
July 28, 2022  |  Cryptocurrency

Yet another decentralized lending and algorithmic stablecoin protocol was hacked yesterday, with $3.5 million stolen from its treasury via what appears for now to be...

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