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Hacks, exploits and how to stay safe.

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Liquid Network at 86% Backing as Bitcoin Redemption Freeze Drags On

It has been 35 days since an attacker exploited a vulnerability in the Liquid Network’s Elements software, draining nearly 4,000 BTC from the protocol, and although 3,400 BTC has since been recovered, redemptions of LBTC for actual bitcoin remain suspended as an independent external security audit of Elements v23.3.4 is underway

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Coldcard probing phishing link on X account

Bitcoin-only hardware wallet Coldcard said an unauthorized phishing link appeared Sunday on its official X account, which the company said it has used offline two-factor authentication with tightly restricted access since 2017

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Thieves Hold Pattaya Expat at Gunpoint to Drain $820K in Crypto

Local reports indicated that the gang held the unidentified foreigner at gunpoint, restrained him, and forced him to transfer the cryptocurrency to the wallet of one of the perpetrators, who sold it immediately. The attackers also took cash and three luxury watches from the victim

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Jury Convicts Uranium Finance Hacker Who Spent Crypto Loot on Pokemon Cards

A Manhattan federal jury convicted cybersecurity consultant Jonathan Spalletta on Wednesday of computer fraud and money laundering over the 2021 Uranium Finance attacks. Inner City Press, reporting from the courthouse, said jurors returned guilty verdicts on both counts after beginning deliberations Tuesday afternoon. Prosecutors accused Spalletta of draining roughly $53.3 million, laundering millions through…

Security

6 Continents Sound Alarm on Scams Targeting Investor Trust

Investors face rising scams built on personal trust and borrowed authority as regulators across six continents participate in World Investor Week. The SEC’s new warning highlights relationship investment fraud and impersonation, including increasingly convincing artificial intelligence (AI)-assisted deception

Security

$6M Vanishes From Crypto Vault Controlled by 7 Mystery Signers

A $6 million crypto vault was drained on Base on Oct. 4, yet the strangest part may be who owned it. Nobody publicly knows. Security firms traced about 1,783 wstETH out of the vault, while onchain records point to an anonymous seven-signer Safe. Base itself wasn’t hacked, Aave’s core contracts haven’t been blamed, and the vault’s owner still hasn’t come forward

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