CryptoScamAlert

BigONE, a popular cryptocurrency exchange, has become the latest victim of a sophisticated cyberattack. More than $27 million worth of user funds were stolen across multiple cryptocurrencies, including Bitcoin, Ethereum, USDT, and the meme token Shiba Inu. The attacker gained unauthorized access to the platform’s hot wallets and executed fraudulent withdrawals spanning a wide range of assets.

🔓 Security Breach Uncovered: Internal Systems Were Manipulated
BigONE confirmed that its production network had been compromised, allowing the hacker to alter the logic of servers responsible for risk control and account management. This manipulation enabled unauthorized withdrawals — even without any private keys being exposed.
On-chain data revealed the following stolen funds:
🔹 121 BTC

🔹 350 ETH

🔹 9.69 billion SHIB

🔹 538,000 DOGE

🔹 Additional assets such as USDT, UNI, and others
The incident took place during the early hours of July 16 and was detected after the platform noticed unusual movements of funds. In response, BigONE temporarily suspended all deposits and withdrawals to contain the damage.

🛡️ No Private Keys Leaked, but Losses Still Massive
While private keys remain secure, the internal system breach allowed the attacker to drain funds from hot wallets. BigONE emphasized that all user losses will be fully compensated, and reassured users that the threat has been neutralized.

🔍 Investigation Underway: Blockchain Security Firm SlowMist Steps In
BigONE is now working with the well-known blockchain security firm SlowMist, which specializes in tracking illicit transactions. Their role is to trace hacker wallet addresses and monitor the flow of stolen crypto.
Historical trends show that attackers often go quiet after an attack, only to resurface months later — just like the February hack of Coinbase, where the attacker waited two months before moving 4,800 ETH.

⚙️ Platform Recovery in Progress
In its latest update, BigONE announced that deposit and trading functions will resume within a few hours. Withdrawals are expected to follow shortly after the implementation of enhanced security measures.
Despite the growing maturity of the crypto industry, top exchanges remain vulnerable to highly targeted attacks. BigONE now joins the list of hacked platforms, including Bybit, Coinbase, and Iran’s Nobitex, which lost $100 million last month.

#cryptohacks , #CryptoSecurity , #CryptoScamAlert , #BTC , #ETH

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

On Monday, July 15, decentralized platform Arcadia Finance suffered a serious cyberattack resulting in the loss of approximately $2.5 million. The hackers targeted the platform’s rebalancer on the Base network, a crucial component for liquidity management, siphoning off hundreds of ETH tokens.
Following the attack, the Arcadia team immediately took to X (formerly Twitter) to warn users and urge them to revoke asset manager permissions and deactivate any active rebalancers to prevent further losses.

What happened and how did the hack unfold?
According to analysts from blockchain security firm PeckShield, around 840 ETH (worth approximately $2.5 million at current prices) was stolen. The attackers bridged the stolen assets from Base to Ethereum and used the well-known crypto mixer Tornado Cash to obscure their tracks.
This isn’t the first time Arcadia has suffered a breach — back in July 2023, the platform lost $455,000 due to a code vulnerability exploited by hackers.

Who is behind Arcadia and how are they responding?
Arcadia Finance is backed by Coinbase Ventures and recently joined the Circle Alliance. According to the platform’s website, USDC accounts for over one-third of Arcadia’s total value locked (TVL).
All smart contracts on the platform have been suspended indefinitely, with no timeline given for resumption. In a statement, Arcadia said it is cooperating with security experts, law enforcement, and the wider crypto community, emphasizing that “recovering funds for Arcadia protocol users remains our top priority.”

2025: A Record-Breaking Year for Crypto Hacks
The Arcadia hack adds to a growing list of crypto breaches in 2025, with more than $2.1 billion stolen across over 75 incidents — nearly matching the total annual losses seen in 2024.
While Arcadia’s losses may seem modest, the attack highlights persistent vulnerabilities in the DeFi space, especially involving bridges and smart contracts.
Reports suggest that over 80% of stolen funds this year came from infrastructure exploits, where hackers accessed deeper blockchain systems, rather than exploiting individual contract bugs.

Biggest 2025 Attack: $1.5 Billion Stolen from Bybit
The most devastating hack so far this year was February’s attack on Bybit, where $1.5 billion was drained. The breach is attributed to the North Korea-linked Lazarus Group, and it has nearly doubled the average hack size compared to 2024.
Other notable hacks include:
🔹 Cetus Protocol – $225.6 million lost

🔹 Nobitex (Iran) – $89.1 million stolen, linked to Israeli group Gonjeshke Darande

#cryptohacks , #CryptoScamAlert , #TornadoCash , #defi , #CyberSecurity

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

This is a tricky scam that fools people into thinking they’ve found free crypto — but ends with their own money being stolen.
🚨 Here’s how the scam works:
1. A seed phrase (private wallet backup words) is shared in a Telegram group, Twitter post, or some random website.
2. You see a screenshot showing a wallet full of tokens worth a lot of money. It looks like someone made a mistake and accidentally shared their wallet backup.
3. Curious people think they got lucky. They import the seed phrase into MetaMask or another crypto wallet app.
4. They see the wallet is real — it shows thousands of dollars in tokens!
5. But… when they try to send the tokens to their own wallet, it won’t work because there’s no ETH (Ethereum) in the wallet to pay the gas fee.
6. So they send a small amount of ETH to cover the gas fee.
7. That’s when the trap is triggered.
A bot is watching the wallet non-stop. As soon as ETH arrives, it quickly sends all the tokens and ETH to the scammer’s wallet — before the user can do anything.
---
😱 Why does this happen?
The scammer owns the wallet.
The token balance you see is fake or worthless — it’s bait to lure victims.
Some tokens might even be fake coins or locked LP tokens that look valuable but can’t be sold.
---
🚫 Never trust leaked seed phrases!
Ask yourself:
“If this wallet really has thousands of dollars, why hasn’t the owner moved the funds already?”
The answer: It’s a setup. You are the one being targeted.
---
✅ Protect yourself:
Never use random seed phrases from the internet.
If it looks too good to be true — it is.
Share this post to help others stay safe!
#BTC #HODLTradingStrategy، #BTCWhaleMovement #CryptoScamAlert $ETH $BTC

P2P trading can be a powerful tool — but scammers are always one step behind your trust.
If you ever notice any of these red flags while doing a deal, cancel immediately and protect your funds.
🚫 1. Asks to Release Crypto Before Payment
> If someone says, “Release first, payment is coming,” it's a trap.
Always wait for money to reflect in your bank account — not just a screenshot.

🖼️ 2. Sends Fake Payment Screenshots
> Scammers often share edited screenshots to convince you.
Never trust screenshots — only trust real transaction confirmation in your bank app.

⚠️ 3. Creates Urgency or Emotional Pressure
> Lines like: “Please bro, it’s urgent” or “I'm in trouble” are classic manipulation.
A real buyer won’t rush you — they’ll follow the process.

🧾 4. Uses Third-Party Bank Accounts
> If the name on the payment is different from the buyer, cancel the trade.
Only accept payments from the account directly linked to the verified user.

❌ 5. Offers Too-Good-to-Be-True Rates
> If someone offers a rate much better than market average, it’s likely a scam setup.
Greed is the scammer’s favorite tool — don’t fall for it

🔐 Final Reminder:
> Trust the process — not the person.
Use Binance P2P tools, trade safely, and never rush.

✅ Share this post to help others stay safe!
💬 Have you ever faced a
scam attempt? Comment your experience 👇
$BTC $SHIB $PEPE
#BinanceP2P #CryptoScamAlert #StaySafeCrypto #P2PScam #P2PScamAwareness

The cryptocurrency landscape, already rife with scams and schemes, has witnessed a bizarre new development: scammers are now falling prey to elaborate traps set by their own kind. This ironic twist, recently highlighted by Kaspersky's security research, reveals a level of cunning that even seasoned cybercriminals might find impressive. This isn't just a simple trick; it's a meticulously crafted operation designed to exploit the greed of would-be thieves.
The Bait: A Cry for Help and a "Vulnerable" Wallet 🥺💰
The scam unfolds primarily on platforms like YouTube, where seemingly innocent pleas for help are posted. These messages typically involve a supposed cryptocurrency novice claiming to have USDT (a stablecoin) stored in a wallet, along with the all-important seed phrase. A seed phrase, a series of words acting as a master key 🔑, grants complete access to a cryptocurrency wallet.
Kaspersky provided an illustrative example: "I have USDT stored in my wallet, and I have the seed phrase. How do I transfer my funds to another wallet?" The "wallet" in question purportedly holds over $8,000 worth of stablecoins on the Tron blockchain. This seemingly naive question is the carefully laid bait.
The Trap: The Multi-Signature Wallet and the Vanishing Gas ✍️✍️⛽💨
The key to this elaborate trap lies in the use of a multi-signature wallet. Unlike a standard wallet, a multi-signature wallet requires multiple authorizations for any transaction to occur. This crucial detail is what transforms the attempted theft into a counter-scam.
To understand the mechanics, it's essential to grasp the concept of "gas." On blockchains like Tron, every transaction requires a small fee, known as gas, paid in the network's native cryptocurrency (TRX). This fee compensates the network for processing the transaction.
The scammers present a wallet that appears vulnerable due to the shared seed phrase. When opportunistic thieves attempt to exploit this "vulnerability" by sending TRX to cover the gas fee needed to move the USDT, they fall into the trap. The TRX tokens, instead of enabling the transfer of USDT, vanish into a separate wallet controlled by the original scammers.
How it Works: Exploiting the Mechanics of Blockchain 🎭
The brilliance of this scheme is in how it exploits the fundamental workings of blockchain technology. While the seed phrase grants access to see the contents of the wallet, the multi-signature requirement prevents any unauthorized movement of the funds. When a would-be thief attempts a transaction, the multi-signature protocol diverts the gas fee (TRX) to the scammers' wallet.
Essentially, the scammers are using the multi-signature function as a digital tripwire. Any attempt to tamper with the "vulnerable" wallet triggers the transfer of the gas fee to their control. The aspiring thieves, thinking they've found an easy score, inadvertently fund the very scam that ensnares them.
Digital Robin Hoods or Just Scammers Scammed? 🏹⚖️
Kaspersky describes this situation as a twisted form of digital justice: "The scammers are impersonating beginners who foolishly share access to their crypto wallets, tricking equally naive thieves — who end up becoming the victims." This creates a strange dynamic where the scammers are effectively stealing from other criminals.
This phenomenon is not isolated. Kaspersky has observed numerous similar instances online, with new accounts repeatedly posting identical messages and using the same seed phrase as bait. This suggests a coordinated campaign rather than isolated incidents.
Targeting Small-Time Crooks 💸➡️😈
Given the relatively low cost of gas fees (typically less than $10 on most blockchains), this scam likely targets smaller-time scammers or "wannabe" thieves. It's not about orchestrating complex heists to steal vast fortunes; it's about capitalizing on the greed and opportunism of those looking for a quick and easy profit.
The Bigger Picture: A Reminder of the Crypto Wild West 🌐😈
This bizarre scenario underscores the inherent risks and complexities of the cryptocurrency world. Where anonymity and decentralized control prevail, even criminals are not immune to being targeted. This incident serves as a stark reminder that vigilance and skepticism are paramount, even within the criminal underworld of crypto.
The volatility and lack of robust regulation within the crypto space continue to create fertile ground for scams of all kinds. This latest iteration is a testament to the ever-evolving tactics of cybercriminals. As the old adage goes, there's no honor among thieves, especially in the digital age. This sophisticated scam highlights that even in the digital underworld, the hunter can quickly become the hunted.
#CryptoScamAlert