What We Cover

One beat: the security of crypto.TrustGrade Cybersecurity Crypto News reports hacks and exploits, audit findings, enforcement and takedowns, phishing and malware operations, and incident analysis. Every story is verified against at least two independent sources or on-chain evidence before it runs — no price predictions, no token promotion, no noise. Trust data comes from TrustGrade, the trust layer for crypto.

Latest News

Security

Crypto 'Godfather' Adam Iza Sentenced to 78 Months in $37 Million Meta Fraud Case

A federal judge in Los Angeles ordered the 26-year-old, already serving 15 years for an attempted Bitcoin robbery in Connecticut, to pay $23.4 million restitution for defrauding Meta of more than $37 million, evading taxes on the proceeds, and hiring off-duty LASD deputies to harass his rivals — a scheme that has now produced convictions against five former deputies.

Oct 7, 2026·2 min read
Incident Analysis

Bitget Hack Laundering Generated $761,000 in Protocol Fees, On-Chain Analysis Finds

Independent researcher Andrey Sergeenkov traced $761,725 in fees collected by THORChain liquidity providers, MetaMask, Chainflip and CoW EthFlow while moving the $387.5 million stolen from Bitget — and followed $259,718 in THORChain affiliate fees to seven addresses with additional financial links to the laundering wallets, one trail ending at an OKX hot wallet.

Oct 7, 2026·3 min read
Security

FinCEN Withdraws Crypto Mixer Rule and Self-Hosted Wallet Proposal

The Treasury bureau formally pulled two proposals — the 2023 rule that would have treated crypto mixing as a primary money laundering concern and the 2020 'unhosted wallet' identity-verification rule — saying the mixer definition risked a chilling effect on legitimate activity and that neither rule was tailored to its purpose.

Oct 7, 2026·2 min read
Incident Analysis

Flash Loan Attacks Drained $1.2 Billion From DeFi in Four Years, Peer-Reviewed Study Finds

A University of Winchester study published in the Journal of Financial Crime scanned 20.63 billion transactions across seven blockchains, counting 254 successful DeFi attacks and $6.568 billion in losses between February 2020 and July 2024 — including 72 flash loan incidents worth $1.211 billion that grew more sophisticated and harder to predict over time.

Oct 7, 2026·2 min read
Hacks

X Money Bridge 'Revenue' Linked to USDG Wallet Draining via Permit Signatures, Salus Says

Security firm Salus reports that users of Revenue, an unofficial X Money-to-crypto bridge, were drained through permit signatures granting unlimited USDG spending approval, with stolen funds split 20/80 between two attacker addresses — a pattern resembling Inferno's drainer-as-a-service model, though no infrastructure link was established.

Oct 6, 2026·2 min read
Hacks

Unidentified Base Vault Drained of $6M in wstETH After Multisig Whitelist Flip

An unnamed vault on Base lost 1,783 wstETH (about $6 million) after an attacker-controlled contract was removed from the vault's whitelist and re-enabled one minute later with valid multisig signatures — the fourth Aave-linked or Base incident in a week, according to Blockaid, PeckShield, CertiK and ExVul.

Oct 5, 2026·3 min read
Security

Microsoft Confirms X Account Hijack Used to Push Fake Clippy Token

Unknown attackers compromised Microsoft's 13-million-follower X account to amplify a Clippy-impersonation account promoting a $Clippy token claimed to pair with $MSFT stock — a confirmed unauthorized-access incident that shows verified brand accounts remain prime pump-and-dump infrastructure.

Oct 5, 2026·2 min read
Incident Analysis

NEAR Intents Closes $3.8M Exploit Probe After Funds Returned On-Chain With an Apology

NEAR Intents says the full $3.8 million taken in an October 1 exploit of its cross-chain system has been returned — confirmed by a BNB Chain transaction whose input data carried a message from the address labeled 'Near Intents Exploiter 1' — and the team has stopped its investigation, urging researchers to use bug bounties.

Oct 5, 2026·3 min read
Incident Analysis

Drift Opens $295M Recovery Claims — Victims Face About One Cent on the Dollar

Six months after the April 1 exploit drained about $295.4 million from the Solana perp DEX, the Drift Foundation has opened DFX recovery-token claims: one DFX per USDT of verified losses, with initial redemptions near 0.0104 USDT as a roughly 3.11 million USDT pool begins payouts.

Oct 3, 2026·2 min read