Security

Rising crypto scams, malware, and cyberattacks have led to multimillion-dollar losses in August, affecting investors, corporations, and critical infrastructure.

Over $1.6 million was stolen through address poisoning attacks this week—surpassing the total monthly losses from March.

Coinbase lost roughly $300,000 in token fees after mistakenly approving assets to a 0x Project “swapper” contract.

Qubic mining pool took control of over 52% of Monero’s hashrate, sparking debate on attack’s impact while XMR price dips and QUBIC token rises.

Argentine developer fede_intern detained by Turkish authorities on alleged Ethereum misuse; developer denies charges, awaiting legal advice for full disclosure.

At the Baltic Honeybadger 2025 conference, SatoshiLabs founder Alena Vranova warned of a sharp rise in “wrench attacks” and other violent crimes against cryptocurrency holders.

In 2020, hackers exploited a flaw in the LuBian mining pool, stealing 127,426 BTC—worth $3.5 billion then and valued at $14.5 billion today.

According to TRM Labs and CertiK, the perfect storm of minimal regulation, retail FOMO, and influencer-driven token launches created a fertile ground for scammers and criminals.

We’ve rounded up the most important cybersecurity news of the week.