
Initia halts blockchain after exploit reportedly drains over $2.6M
The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum.
Latest Crypto Security & Fraud news from verified sources, updated automatically.

The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum.

Developers will now backport fixes and cut releases immediately for flaws flagged as “easily discoverable,” abandoning long embargoes for bugs an attacker can surface with a single AI prompt.

Onchain data shows a $2.7 million ether transfer as Initia investigates the scope of a security incident.

New York’s attorney general asked a court to order NovaTech’s founders, who fled the country, to pay about $1.37 billion, and settled with four top promoters for nearly $6 million.
Binance founder Changpeng Zhao says AI doesn’t need to break Bitcoin’s cryptography to cause damage. Instead, he warns that leaked data already fuels phishing and social engineering. Meanwhile, Bitcoin Core developers are changing how they disclose bugs as AI makes flaws easier…
The attacker moved $744,000 in ETH and BNB to Tornado Cash after exploiting Cysic’s bridge to mint 10 million tokens on BNB Smart Chain.
Brent crude touched $115.84 on Friday, its highest level since May. Houthi attacks on Saudi Arabia and fears of new US strikes on Iran drove the move. Other energy prices were mixed, Trading Economics data show: The rally landed on markets still shaken by a tech selloff. Crypto…
Restrictions have been placed on 6 unregulated lenders, known as Annex 1 firms, after the FCA raised concerns about their anti-money laundering policies, controls and procedures while assessing their applications. The restrictions were imposed by the FCA on each firm’s request…
CoinDCX denies its active wallets were hacked after sleuths flagged $16 million in outflows from addresses linked to the India-based exchange.
PHP shipped its fix, attackers launched millions of attempts, and governments say no one has broken in yet. Here's what that means for your passwords, your crypto, and your browsing.
The FCA has conducted a major operation to disrupt a suspected organised criminal group for engaging in insider dealing and money laundering. On 13 October, 3 individuals were arrested following a joint operation by the FCA and the National Crime Agency (NCA). More than 100 FCA…
Federal Reserve Board announces enforcement action against American Express Company to address, among other things, the firm’s failure to sufficiently detect and report certain suspicious activity related to money laundering
The Securities and Exchange Commission today charged multiple entities that are likely operated by individuals located overseas for defrauding hundreds of retail investors, including many in the U.S., through so-called investment confidence scams where…