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imaginary money

FAIL: Nomad DeFi Bridge ‘Loses’ $190M of Worthless Tokens

FAIL: Nomad DeFi Bridge ‘Loses’ $190M of Worthless Tokens

| | API exploit, blockchain, Crypto, cryptocurrencies, cryptocurrency, cryptocurrency exchange, DeFi, Ethereum, imaginary money, Moonbeam, Nomad, One step closer to ridding the world of web3 nonsense, Ponzi scheme, SB Blogwatch, smart contracts, Web3
Cryptocurrency startup Nomad claimed its “optimistic bridging” protocol would “would keep users’ funds safe.” We take a closer look ...
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Cashio Stablecoin: Not Stable—CASH Loses 99.99995%

Cashio Stablecoin: Not Stable—CASH Loses 99.99995%

| | CASH, Cashio, Crypto, Cryptocrurrency, DeFi, imaginary money, One energy wasting cryptocurrency down—zillions to go, SB Blogwatch
A hacker drove a stablecoin into the ground yesterday. Cashio, a USD-backed coin is now all-but worthless ...
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Fake Cash Scams Thrive on Facebook and Insta—FTC

Fake Cash Scams Thrive on Facebook and Insta—FTC

| | and Tether, bitcoin scam, Crypto, cryptocurrency, DeFi, DevSecOps, Etherium, facebook, Facebook scam, imaginary money, Instagram, Mark Zuckerberg, Meta, nft, SB Blogwatch, What props up this house of cards is the success of Bitcoin
Cryptocurrency scammers love social media—especially Meta’s platforms. Hundreds of millions of dollars were scammed from U.S. consumers in 2021 ...
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Crypto.com: Fortune Favors the Hacker—$16M ‘Stolen’

Crypto.com: Fortune Favors the Hacker—$16M ‘Stolen’

| | Crypto, cryptocurrencies, cryptocurrency, cryptocurrency exchange, DeFi, Ethereum, imaginary money, it’s not creating any new value in the way that regular economic activities do, SB Blogwatch
DeFi exchange Crypto.com got hacked yesterday, sources say. Users reported imaginary money missing from their accounts—as researchers watched it get laundered ...
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$150M Stolen in 'Imaginary Money’ Crypto/DeFi Hacks

$150M Stolen in ‘Imaginary Money’ Crypto/DeFi Hacks

| | BadgerDAO, Crypto, cryptocurrency, DeFi, imaginary money, MonoX, SB Blogwatch, smart contract, Why do so many people who don't understand how crypto works speculate in it or trust it?
Schadenfreude: This week saw a pair of high-profile cryptocurrency thefts, totalling over $150 million ...
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Crypto Mining Hackers vs. Cloud Computing—Google States the Obvious

Crypto Mining Hackers vs. Cloud Computing—Google States the Obvious

| | Crypto, cryptocurrency, GOOG, GOOGL, google, Google are more likely to be included in the threat model than the solution space, imaginary money, SB Blogwatch
Google’s new Cybersecurity Action Team (CAT) would like you to know that insecure cloud instances can be hijacked by hackers. Stop the press. Did we really need to be told that? ...
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Biggest Single Crypto Theft: Teen Charged with $36M SIM-Swap Heist

Biggest Single Crypto Theft: Teen Charged with $36M SIM-Swap Heist

| | canada, Crypto, cryptocurrency, FBI, imaginary money, SB Blogwatch, SIM swap, Smart enough to steal … too stupid to spend it in a way that was not obvious
A Canadian has been charged with stealing C$46 million of imaginary money, via SIM swapping ...
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