Scammers and hackers stole $482.6 million in crypto during the first quarter of 2026, according to security firm Hacken. That was a 21% increase over Q4 2025’s $399 million. In its Q1 2026 Security and Compliance Report, Hacken noted that phishing and social engineering scams dominated losses, accounting for $306 million — more than 63% of the total — with a single $282 million hardware wallet scam in January accounting for more than half the quarter’s losses. There were 44 incidents recorded. Smart contract vulnerabilities saw the biggest gain, reaching $86.2 million over 28 exploits. That’s up 213% compared to Q1 2025. Access control failures, including compromised keys and cloud…
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Hacken judges exchanges on four factors: server security, penetration tests, disclosure, and use of bug bounties (Photo: Pixabay)New certification standard tests exchange security
Hacken hopes its CERtified standard will warn cryptocurrency users when a trading platform isn’t investing enough in security
Hacken’s CERtified standard is based on four factors. This criteria is then used to calculate a “CyberSecurity Score,” with top-performing exchanges receiving a maximum of three stars.
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Alexander Zhuravlev, managing partner of the Efficient Business Resources (EBR) law firm, chairman of the commission for the legal support of the digital economy in the Moscow branch of the Russian bar association, and cofounder of the additional education program at the Russian organization of BCL, or Blockchain Lawyers (via Alexander Zhuravlev).‘If legislation does not exist, is everything permitted?’: An in-depth look at Russia’s long path to crypto legislation
Russia has been struggling to pass comprehensive cryptocurrency reform for over two years. With the bill on crowdfunding finally set to go into effect in 2020, what’s going on with the arguably more crypto-related bill on digital financial assets?
Russia’s path to cryptocurrency legislation been long and complex, but that’s nothing out of the ordinary for a country seems to do a lot of things the hard way.
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BitForex accused of using Tether, wash trades to manipulate CoinMarketCap data
Never heard of BitForex? You’re not alone, but on Friday, they dominated Tether and Bitcoin trade volumes
Another day, another Tether controversy—and a new exchange is being accused of inflating trade volumes in the process. On Friday afternoon Eastern Time, CoinMarketCap data showed that a tiny upstart exchange called BitForex was responsible for nearly $4.3 billion worth of tether transactions in 24 hours. That’s a shockingly high amount given that the average daily volume of tether has been $2.8 billion worth over the past 30 days. It also put BitForex in second place for bitcoin trading volume, more than eight times that of third place Binance. Such volume from a little exchange was very unusual and CoinMarketCap excluded BitForex’s data from its totals. BitForex is an outfit…
