LastPass Hack Victims Lose $4.4M in a Single Day
More than $35 million has been stolen in total, according to recent reports.
Hackers siphoned a total of $4.4 million worth of crypto from at least 25 LastPass users on Oct. 25, according to blockchain analyst ZachXBT.?
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LastPass is a platform that stores and encrypts password information for users. Its cloud-based storage service was breached in an attack last year that involved targeting an employee and stealing their credentials. ZachXBT and MetaMask developer Taylor Monahan have tracked at least 80 crypto wallets that have been compromised in relation to the hack.
Tech Related
CFTC Reports Rising Crypto Scams: Whistleblowers Vital in Fraud Prevention
In a recent statement, the CFTC recognized the significance of whistleblowers and its continued commitment to the whistleblower program. The statement says tipsters on illicit finance received hundreds of millions in rewards.
Anti-CZ and Binance Critic Adam Cochran, Caught Up in a Feared Cipher Rugpull
Intrigue, controversy, and high-stakes drama are the currency of the crypto world, and Adam Cochran has found himself at the heart of it all. As the story of the Cipher rug pull continues to unravel, one can’t help but wonder: Will Adam Cochran hold himself up to the moral code he holds the likes of Changpeng Zhao, the CEO of Binance?
New MetaMask feature aims to stem scams as crypto hacks exceed $1bn this year?
When billionaire entrepreneur Mark Cuban lost almost $1 million in crypto to a suspected phishing scam in September, he said: “I’m pretty sure I downloaded a version of MetaMask with some shit in it.” Now, crypto wallet provider MetaMask has rolled out a new feature to prevent other users from falling victim to similar scams.
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BAOlympics RWA Hackathon
Hyperglade’s Beneficial Asset Ownership (BAO) Protocol allows any developer to create RWA tokenization-based Real World applications of blockchain with no prior blockchain experience. This hackathon will feature a workshop on how to build with BAO and a one-month period during which the teams will create their solution and present it at our Demo day on 17th of November 2023. The Demo day takes place at Draper Startup House in Singapore, and Virtually, and will be attended by Industry leaders, Venture Capital Funds and Developers from all around the world.
Educational
A Guide to Crypto Airdrops
In this guide, you will find anything you need to know about all the types of airdrops you can meet, how they work and how to avoid scamming attempts that could even empty your wallet.
APY vs APR : What Are The Differences?
When comes to cryptocurrency staking you’ll likely see the interest rate expressed as an Annual Percentage Rate (APR) or an Annual Percentage Yield (APY). In this article, we’ll discuss what are the differences between these terms, how you can calculate them and what you should be aware of.