Security Incidents

PANews February 10 News, according to Bubblemaps, the winner of the X Creator Competition with a $1 million prize, @beaverd, has been accused of profiting approximately $600,000 through a Memecoin project scam. The investigation found that their associated wallet had launched the $SIAS token, which once soared to a market cap of $6 million before rapidly dropping to zero, and all social media accounts were deleted. Additionally, @beaverd used multiple related wallets to operate, suspected of launching multiple Memecoins and ultimately cashing out.

7 police officers and 5 men stormed a residence in Kajang, Malaysia, extorting approximately 200,000 ringgit from 8 Chinese tourists. They used threats of reporting as leverage, and the police have arrested the officers involved. The case highlights serious issues of crime and impersonation of law enforcement.

In January, crypto users suffered significant losses due to address poisoning and signature phishing scams, with one victim losing $12.2 million. Increased attack volume may be linked to lower transaction costs after Ethereum's upgrade, prompting security warnings for users' vigilance.

In brief Signature phishing victims jumped more than 200% in January, with $6.27 million stolen, blockchain security firm Scam Sniffer warned. Despite the spike, total phishing losses in 2025 were sharply lower than in 2024. Cheaper Ethereum fees after the Fusaka upgrade have made phishin

Address poisoning scams erased $62 million after users copied wallet addresses without full verification during routine transfers. Lower Ethereum fees enabled mass dust attacks making address poisoning cheap, scalable and harder to detect across the network. Signature phishing surged in

The article discusses an incident where a hacker, known as Infini, returns after a previous exploit and takes advantage of a dip in Ether prices to purchase $13 million worth of the cryptocurrency.

French authorities arrested six suspects after a magistrate and her mother were kidnapped and held in a garage, with captors demanding a cryptocurrency ransom. The incident is part of a alarming 75% surge in violent "crypto wrench attacks" in 2025, with over \$41 million lost and France emerging as a global hotspot. This trend underscores the critical and growing physical security risks associated with digital asset ownership as adoption increases.

January 2026 saw a shocking 207% surge in crypto phishing losses to $6.3M, as attackers pivot to target high-value wallets. Learn about the "whale hunting" strategy, devastating "address poisoning" scams, and essential steps to protect your assets in this new threat landscape.

Two teenagers aged 16 and 17 from California drove 600 miles to Arizona, disguised as delivery personnel to commit a violent home invasion robbery targeting $66 million worth of cryptocurrency. After the police arrest, they confiscated restraints and 3D-printed firearms. The investigation revealed that a mysterious individual planned the crime via Signal and provided $1,000 in funding.

Bithumb mistakenly sent 620,000 BTC (worth $40 billion) to 695 users on February 6 (intended to send 2,000 KRW). The team discovered the error within 20 minutes and froze the accounts within 35 minutes. This incident triggered a flash crash in Bitcoin to $55,000. The team ultimately recovered 99.7% of the funds. Online users received 20,000 KRW and 7 days of zero trading fees.

In January 2026, cryptocurrency wallet phishing losses soared to $6.3 million, a 207% increase from December. Scam Sniffer data shows that attackers have shifted to a "whale hunting" strategy, with just two victims accounting for 65% of the total losses, the largest single loss reaching $3.02 million. Another "address poisoning" incident resulted in a single victim loss of $12.25 million.

Editor’s note: Kaspersky has published a new threat review detailing how phishing campaigns are evolving, with attackers reviving older tactics and combining them with newer techniques to bypass modern defenses. The analysis highlights calendar-based phishing in corporate environments, voice

In brief Three UK teenagers have been jailed after carrying out a "wrench attack" robbery in which $4.3 million in crypto was stolen. Metropolitan Police said the suspects forced a victim to hand over crypto and car keys in a Hoxton burglary. The stolen cryptocurrency was recovered

Editor’s note: Kaspersky has published a new threat review detailing how phishing campaigns are evolving, with attackers reviving older tactics and combining them with newer techniques to bypass modern defenses. The analysis highlights calendar-based phishing in corporate environments, voice

Telegram founder Durov warns that Spain's online age verification law will eliminate anonymity and turn the country into a surveillance state. Spanish Prime Minister Sánchez announced at the Dubai summit to restrict social media use for those under 16, stating "Social media has become a failed state, take back control to protect children." Critics believe this is control rather than protection. Concordium CEO suggests using blockchain zero-knowledge proofs to verify age without revealing identity.

Manhattan court sentences NTU Department of Information Management graduate and Saint Lucia diplomatic service member Lin Ruixiang to 30 years without parole. In 2020, he established the dark web Incognito Market under the alias "Pharaoh," charging a 5% transaction fee, handling NT$3.3 billion worth of drug transactions over three years. He laundered money by jumping from Bitcoin to Monero. The FBI used Chainalysis to track transactions through exchanges and KYC, ultimately arresting him at the airport in May 2024.

_Arbitrum DAO warns users after its official X account is hacked, emphasizing that protocol funds remain safe and secure._ Arbitrum DAO has confirmed that its official X account has been compromised, prompting a security alert for all users. Consequently, the team warned users not to click on an

The crypto ecosystem is facing a brutal new reality. According to a landmark report from blockchain security firm CertiK, so-called "wrench attacks"—physical assaults and kidnappings targeting cryptocurrency holders—surged by 75% in 2025, resulting in over \$40 million in confirmed losses. With 72 verified incidents globally, this violent trend marks a fundamental shift, positioning physical safety as a core risk alongside digital threats. Europe has emerged as a primary hotspot, account

The open-source project Tldraw has announced a suspension of external pull requests (PRs) due to a large amount of AI-generated junk code. Developers pointed out that such AI contributions create a burden for maintainers and discussed establishing a reputation system or deposit mechanism to improve the current situation and maintain the quality of open-source projects. Similar issues are affecting other projects like Curl and OCaml, and the community is exploring various solutions to reduce noise.

_Losses at CrossCurve underline the high risk of cross-chain bridges during periods of rising crypto attacks._ CrossCurve halted user activity after an attack targeted its cross-chain bridge. The incident forced developers to investigate a smart contract flaw. Partner protocols and and