The Magic Internet Money (MIM) stablecoin, issued by the decentralized lending platform Abracadabra.money, experienced a flash crash on Tuesday after a hacker exploited a vulnerability in its smart contracts and drained $6.5 million worth of funds. According to blockchain security firm PeckShield, the attacker used a complex scheme involving Tornado Cash, a privacy protocol that…

German police have announced the provisional seizure of nearly 50,000 bitcoins (BTC) worth about $2.17 billion, in what they claim to be the largest cryptocurrency confiscation in the country’s history. The bitcoins were secured in mid-January 2024 as part of a joint investigation by the Dresden Public Prosecutor’s Office, the Saxony State Criminal Police Office, and the…

MicroStrategy, the leading business intelligence company and the largest corporate holder of Bitcoin, became the victim of a cyberattack on its official Twitter account on Friday. The hackers posted a fraudulent message announcing a fake Ethereum token called $MSTR and lured unsuspecting users to claim their free tokens by sending ETH to a phishing address….