10 Biggest Crypto Hacks and Scams of 2023: Solving This Year’s Crypto Confusion | Digital Consumer | Coins | December 2023

Q1: What makes the 2023 Euler Finance hack different from other hacks?

A1: The Euler Finance hack stood out for the unusual return of stolen funds along with an apology, adding a layer of mystery to the case.

Q2: How did Curve Finance recover some of the stolen funds?

A2: Curve Finance launched a rewards program with support from white hackers, recovering 73% of stolen funds and demonstrating the power of community efforts.

Q3: Are there any ongoing legal implications for platforms like Atomic Wallet and LastPass?

A3: Yes, both Atomic Wallet and LastPass may be subject to potential legal implications. Atomic Wallet is embroiled in a class action lawsuit and LastPass is grappling with the aftermath of a data breach.

Q4: Why did MultiChain decide to cease operations after the hack?

A4: MultiChain’s shutdown was prompted by allegations of insider involvement in hacking or rug pulling. CEO Zhaojun’s arrest and subsequent platform shutdown raises questions about the internal dynamics that led to this decision.

Q5: How did the Lazarus hacking group become a recurring suspect in cryptocurrency hacking?

A5: Lazarus’ repeated involvement in cryptocurrency hacks, including CoinEx and Stake, highlights the group’s notoriety. Their sophisticated tactics and suspected North Korean involvement have ensured their continued presence in the cryptocurrency criminal landscape.

Q6: What precautions can cryptocurrency users take to protect their assets?

A6: Users should prioritize security practices including two-step authentication, secure password management, and vigilance against phishing attempts. Additionally, to protect your cryptocurrency assets, it is important to choose a platform with strong security measures.