#hacks
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Ukrainian extradited to U.S. in $500K Conti ransomware case
U.S. authorities have taken custody of a Ukrainian national extradited from Ireland to face charges linked to the Conti ransomware group, which prosecutors say hit more than 1,000 victims and extracted at least $150 million in ransom payments. The defendant, identified as Oleksii Lytvynenko, arrived in Tennessee this week after Irish proceedings concluded. 
Crypto hacks in August drain $163M as exploits surge 15%
Crypto hacks surged again in August, with attackers stealing $163M across 30 incidents. While centralized services bore the brunt, DeFi platforms also lost funds. The Lazarus Group was linked to several exploits, underscoring rising risks for Web3 security. 
The "Hack3D: The Web3 Security Report," published by CertiK, a security company, reveals that blockchain projects experienced 184 security incidents in the second quarter of 2024, resulting in losses totaling $688 million. This marks a 37% increase from the previous quarter. 
In the second quarter of 2024, crypto projects lost $572 million to fraud and hacks, more than doubling the $265 million in the same period last year. The two biggest victims were centralized exchanges: Japan’s DMM Bitcoin ($305 million) and Turkey’s BtcTurk ($55 million). 
Bitcoin Scalability Problem: Who’s Next in Line to Solve It?
While the Bitcoin blockchain is hailed as a benchmark for security and decentralization, its Achilles' heel remains its limited scalability. Despite Bitcoin Core’s strong defense against hacks, the ecosystem’s growth is constrained by the inherent limitations of Bitcoin Script. 3 Crypto Exchanges That Have Never Been Hacked (2024)
Picking a reliable crypto exchange from hundreds of options can be difficult. One way to figure out if an exchange is secure or not is to look at its history for hacks. If any incidents occurred, check how the platform improved its security measures afterward. 