An Arizona woman has been sentenced to over eight years in federal prison for helping North Korean operatives get remote jobs at U.S. cryptocurrency and tech companies using fake identities. The U.S. Attorney’s Office for the District of Columbia announced on Thursday that Christina Marie Chapman was convicted of conspiracy to commit wire fraud, aggravated identity theft, and money laundering conspiracy. She received about 8.5 years prison sentence. Prosecutors said Chapman assisted North Korean nationals linked to the DPRK in securing remote IT jobs at more than 300 U.S. companies. These workers pretended to be U.S. citizens or residents, generating…

More than $3.1 billion in cryptocurrency has been lost in the first six months of 2025 due to security issues like smart contract bugs, weak access controls, rug pulls, and scams, according to a report by blockchain security firm Hacken. This amount has already surpassed the total losses of $2.85 billion recorded in all of 2024. Although the $1.5 billion Bybit hack in February was unusually large, the overall crypto industry still faces serious security problems. The pattern of losses is similar to last year, with access-control breaches making up the biggest share, about 59% of the total. Smart contract…

CoinDCX, India’s largest centralized cryptocurrency exchange, has confirmed it suffered a significant security breach resulting in the theft of approximately $44 million. The incident, which occurred early Saturday morning, involved an operational wallet used for liquidity provisioning and has sparked concerns across India’s crypto industry. The hack was first flagged by prominent blockchain investigator ZachXBT, who observed suspicious transactions involving the transfer of funds from Solana to Ethereum.  Shortly after, CoinDCX co-founder and CEO Sumit Gupta publicly acknowledged the breach, describing it as a “sophisticated server-level compromise.”  He assured users that the affected wallet did not contain customer funds. “The…

Crypto exchange BigONE has been hit by a cyberattack that targeted its hot wallet, leading to a loss of around $27 million worth of crypto. The exchange said it discovered the issue on July 16 after its security system noticed unusual activity. After checking, they confirmed that it was a third-party attack on their hot wallet system. BigONE assured users that their private keys are safe and that the attack path has been identified and contained, meaning no more funds are at risk. They’re now working closely with blockchain security company SlowMist to track the hacker’s wallet addresses and follow…

Key Takeaways Noticed by BitMEX Research, the hackers made a wild attempt in getting 79,956 Bitcoins by using a function called OP_RETURN. This function is used to embed important data on the blockchain. BitMEX Research tweeted, This signals that Bitcoin addresses that haven’t moved any funds for years could be at a greater risk as hackers eye on wallets that seem like they have been abandoned by the holder.  The Fall of Mt. Gox Cryptocurrency Exchange  Mt.Gox was a Japanese based crypto exchange that started operations in 2010. By 2014, the exchange was managing over 70% of Bitcoin transactions globally. Hackers…

FBI Recovered Over $40,000  With the help of Tether and advanced blockchain analytical tracking tools, the FBI was able to identify and seize $40,300 of the stolen USDT. The issuer of Tether USDT leveraged its technological ability to freeze and transfer the stolen assets, enabling law enforcement to recover the funds. The Department of Justice (DOJ) credited Tether for its cooperation, highlighting the importance of collaboration between law enforcement and cryptocurrency platforms in combating financial fraud.  “Impersonation scams take many forms and cost Americans billions in losses each year […] Scammers often use subtle differences to deceive you and gain…

Cybersecurity firm Koi Security in a report brings to light a new cryptocurrency scam that has used over 40 fake Firefox extensions to steal cryptocurrency from users.  This is the latest in a wave of cyberattacks that have targeted the crypto community since early 2025. How does the theft happen?  The fake browser add-ons reportedly copy popular crypto wallets like Coinbase, MetaMask, Trust Wallet, Phantom, Exodus, OKX, MyMonero, and Bitget. Once installed, these malicious extensions steal users’ wallet login information and send it to hackers to facilitate the theft.  The impersonated add-ons mimic authentic extensions, using copied logos, names, and…