Crypto Security

Roughly $16.69 billion has been lost to crypto hacks, and investigators say stolen private keys account for about 40% of that total. The industry is now leaning on multi-party computation, account abstraction, and tighter operational controls to reduce single-point failure risk.

Polymarket’s latest security incident has been revised to $3.1 million after hackers drained PUSD from 11 user wallets and bridged the funds from Polygon to Ethereum. The platform says a compromised third-party vendor injected malicious code into its frontend and that affected users will receive full refunds.

John “Lick” Daghita, accused of siphoning tens of millions in seized cryptocurrency from U.S. government wallets managed by his father’s company, has been arrested in France in a joint FBI investigation.