Security News

Traders have reportedly lost millions of dollars after the X account of soccer star Kylian Mbappé was hacked on Aug. 29. Multiple reports indicate that the hacker used Mbappé’s account to promote a fraudulent cryptocurrency token, promising to “double” any tokens sent to a specific address. The post caused the market cap of the so-called Kylian Mbappé […]

Cryptocurrency hackers have now stolen over $1.2 billion, following the latest hacks in August, raising further concerns about widespread crypto adoption. The crypto industry saw a total of $1.21 billion worth of digital assets lost to hacks and rug pulls year-to-date (YTD) in 2024 across 154 individual exploits. This represents a 15.5% increase compared to […]

The American business magazine Forbes is Web3-ifying its exclusive membership offerings with a new partnership with the OKX Wallet that fast-tracks user applications to its digital community. At the center of this collaboration is the Forbes Legacy Pass non-fungible token (NFT), a digital collectible that opens up a token-gated, members-only world for major players, stakeholders and […]

Mike Collins, who has represented Georgia’s 10th Congressional District in the United States House of Representatives since 2023, disclosed three altcoin investments while in Congress. In financial disclosure reports filed with the House of Representatives from July to August, Representative Collins revealed purchases of up to $15,000 in Velodrome (VELO), up to $15,000 in The Graph, […]

Pavel Durov, co-founder and CEO of Telegram, reportedly entered Russia more than 50 times between 2015 and 2021, according to an Aug. 27 report by Important Stories, an independent Russian-language news outlet. The report cites data on Durov’s movements leaked from the Federal Security Service of Russia (FSB), Russia’s principal intelligence agency. Cointelegraph has not […]

The Reserve Bank of India (RBI), the country’s central bank, has suggested developing a plug-and-play system for cross-border payments to improve interoperability among countries. With the emergence of fast payment systems across countries and experimentation around central bank digital currencies (CBDC), new possibilities have emerged that could bring greater efficiency to cross-border payments. At a […]

Okto, the self-custodial wallet of the Indian crypto exchange CoinDCX, officially received its license from the Ras Al Khaimah Digital Assets Oasis (RAK DAO) in the United Arab Emirates. On Aug. 27, Okto announced that it secured an operational license from RAK DAO. This allows the Web3 wallet to legally operate in the UAE. The […]

Major global cryptocurrency exchange Binance seized cryptocurrency from Palestinians as per request from Israel, according to sources from a prominent industry executive. Ray Youssef, co-founder of the peer-to-peer (P2P) crypto platform Paxful and CEO at Noones P2P platform, took to X on Aug. 26 to report that Binance confiscated funds from Palestinians upon the Israel […]

Maker protocol has officially rebranded to Sky and unveiled the name of its upgraded stablecoin and native governance token in an effort to make decentralized finance (DeFi) accessible to the masses. As part of its rebranding efforts, Maker, the longest-standing DeFi lending protocol, has rebranded the world’s largest decentralized stablecoin, Dai, into USDS. The protocol […]

Update 7:15 am UTC: Added info about the extension of the detention period of Telegram CEO Pavel Durov in France. French authorities have extended the detention of Telegram CEO Pavel Durov following his arrest in Paris over alleged offenses related to the Telegram messaging app in Europe. The magistrate investigating Durov’s case in France extended […]