**Crypto Hacks Cost $2.4 Billion:** 💰💔 Cryptocurrency hacking has taken a toll this year, resulting in an estimated $2.4 billion in damages. The third quarter saw the highest number of hacking incidents (184) and accounted for $700 million of the total losses. It underscores the need for robust security measures in the crypto space. 🔒💻 #CryptoSecurity #Hacking #CryptoLosses

🔍 Blockchain data analysis company ChainArgos revealed that TrueUSD, initially claiming no connection to TEURO (a euro-linked stablecoin), admitted that TEURO was issued using one of TrueUSD's private keys. TrueUSD acknowledged exposure to hacking around September 18th, raising concerns about the security of TUSD's reserves. The situation becomes more complex with the issuance of 850 million TUSD by Justin Sun, the founder of Tron (TRX), just three days before the hacking incident.
#TrueUSD #TEURO #Hacking #CryptocurrencySecurity 🔐💰

According to data from DeFiRama, the total cryptocurrency hacking damage in November amounted to $329 million, marking the highest total for the year. Additionally, DeFiRama reported that cryptocurrency exploits worth approximately $200 million occurred in just the past 10 days. The cryptocurrency space continues to face security challenges, and the frequency of hacking incidents remains a concern. 💰💻 #cryptocurrency #Hacking #Security #CryptoNews

BREAKING NEWS!

UwU Lend Hit by $3.7M Hack Amid Recovery Efforts.

UwU Lend, already reeling from a massive $19.3 million hack earlier this month, has now suffered another blow with a $3.7 million cryptocurrency exploit. The attack, reportedly orchestrated by the same actors as the initial breach, targeted various asset pools including uDAI, uWETH, and others. The stolen funds were swiftly converted into Ethereum and moved to the attackers' address, exacerbating losses for the decentralized finance platform.

Despite immediate efforts to patch vulnerabilities and conduct thorough audits, UwU Lend remains vulnerable to exploitation, leaving its users and investors in a precarious position. The protocol has made strides in reimbursing affected users, having already repaid $9.7 million. However, ongoing security concerns cast a shadow over its future stability.

Crypto investors are urged to exercise caution as UwU Lend works to restore confidence and fortify its defenses against further attacks. The incident underscores the persistent risks in decentralized finance (DeFi) ecosystems.

Source: Cryptopotato

#CryptoSecurity #UwULend #Cryptocurrency #DeFi #Hacking

📢 IMPORTANT NEWS ALERT 🚨🚨

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⚠️ North Korean Hacker Indicted for Cyber Attacks ⚠️

A U.S. grand jury has indicted Rim Jong Hyok, a North Korean citizen, for hacking and extorting hospitals, money laundering, and using ransom funds for cyber attacks on global defense, technology, and government entities. The U.S. State Department offers a $10 million reward for information leading to his location or identity.

Assistant Attorney General Matthew G. Olsen highlighted that North Korean hackers target U.S. healthcare providers using custom tools, and illicit profits are funneled into cyber intrusions through China. Rim and his team, affiliated with North Korea's Reconnaissance General Bureau, operate under aliases like 'Andariel,' 'Onyx Sleet,' and 'APT45.'

#CyberSecurity #Hacking #NationalSecurity #NorthKorea #CyberCrime