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Cuba’s official government X account apparently tried to rugpull a Cuba-themed memecoin today in a stunt that caused some to believe the country was in on the memecoin frenzy started by Donald Trump this weekend.  However, the launch appears to be the work of hackers, as not only did the token dump following a price rise, but the posts from the Cuban Ministry of Foreign Affairs appear completely out of character.  After the first promotion of “Official Cuba Coin,” the government account said, “We are experiencing some difficulties with our X page and are investigating the issue. Please stand by with us.”  One of the multiple scam tokens shared by the official Cuban government X account. Read more: Donald Trump’s family tree predicted to sprout more memecoins This post was deleted and an eight-minute X space titled “Sorry from $CUBA,” was then uploaded. At first, the host of space said, “Hello everybody, this is me from Cuba, I’m very sorry about w...

Cybersecurity firm CertiK reported that as of August, over $997 million was lost to flash loan attacks, exit scams and exploits in 2023. Malicious actors targeting the crypto space have taken more than $45 million in digital assets from their victims in the month of August alone and a total of $997 million year-to-date (YTD), according to a report shared by the blockchain security firm CertiK. In the report, CertiK highlighted that exit scams took around $26 million, flash loan attacks took $6.4 million and exploits took $13.5 million from their victims in August 2023. The cybersecurity firm confirmed that the total losses amounted to over $45 million. Major incidents that happened in August. Source: CertiK CertiK pointed out that some of the major incidents that contributed to the amount lost include the Zunami Protocol attack, which led to $2.2 million in losses; the Exactly Protocol exploit, which took $7.3 million; and the PEPE (PEPE) withdrawal incident, which led to $13.2 milli...

The amount of social engineering attacks in the cryptocurrency industry has been rising, with major execs getting hacked recently. Binance CEO Changpeng “CZ” Zhao is the latest figure in the cryptocurrency industry to warn against the increasing number of phishing attacks. CZ took to Twitter on July 21 to warn his readers about phishing and other social engineering scams . He also recommended cryptocurrency exchange users rely on hardware devices for two-factor authentication (2FA), instead of using mobile carrier-based 2FA for example. “Best to enable 2FA with a hardware device (Yubikey) on all crypto exchanges,” Binance CEO wrote. Zhao’s warning came shortly after Uniswap founder Hayden Adams had his Twitter account compromised on July 20. After taking over Adams’ account, the attacker attempted to scam his followers through a malicious link posted on his page. Members of Crypto Twitter have quickly identified and warned others against the scam. Adams subsequently restored access...