The End of Step Finance: How a Wallet Compromise Killed the Solana DeFi Aggregator

After exploring fundraising and acquisition options, the teams concluded that there was no sustainable recovery path following the breach. Solana-based DeFi aggregator Step Finance, along with two other affiliated projects, SolanaFloor and Remora Markets, have announced plans to cease all operations with immediate effect. The decision follows the aftermath of a major security incident earlier […]

Binance users take note: massive malware dataset reveals 420,000 accounts

A leaked dataset of 149 million stolen credentials reportedly contains credentials for approximately 420,000 Binance accounts. This week, 149 million stolen credentials, including credentials for 420,000 Binance accounts, were discovered to be in circulation among cybercriminals. The findings highlight a shift in crypto theft toward long-lasting malware infections that steal data directly from users’ devices, […]

Is crypto fraud becoming industrialized? Cyvers assesses threats to the chain from 2025 onwards

Cyvers found that pig slaughterhouses posed the most organized and persistent threat, while access control attacks caused the most security incidents. Recent findings from blockchain security experts have shown that fraudulent activities in the crypto space are developing on an industrial scale. This means that bad actors, hackers and fraudsters are increasingly conducting sophisticated social […]

Report: Crypto scams and hacks will cost more than $4 billion by 2025

Scam losses have increased 64% year over year, thanks to tailored phishing and impersonation campaigns targeting high-value victims. Crypto-related scams and hacks will have taken more than $4.04 billion from users and platforms in 2025, according to data shared by blockchain security firm PeckShield. The numbers indicate a clear shift towards targeted social engineering and […]