Proxy Network Crushed: 369,000 Hacked Routers Taken Offline in Crypto Fraud Bust
Authorities pulled the plug on the Socksescort proxy empire, freezing $3.5 million in crypto and exposing a global router botnet. U.S. and European authorities have dismantled Socksescort, a residential proxy network pow...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This maps to the Security Incidents hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.
Original source
Read on Bitcoin NewsRelated market context
Crypto Hacks: Three Projects Hacked in One Day as Losses Hit Over $11M
Three crypto projects were attacked on September 24, suffering combined losses of more than $11M. Attackers drained around $1.8M f...
SEC Staff Says Token Buybacks Don't Make Crypto a Security—If the Network Works
New SEC staff guidance says announcing a token buyback on a functional network isn't a promise that turns the token into a securit...
Bitget Confirms $387.5 Million Security Breach as Revised On-Chain Accounting Reveals Wider Losses
Bitget raises breach losses to $387.5 million after Zcash and TRON transfers found. Attackers spoofed backend transaction data to...
SEC Clarifies When Crypto Buybacks And Network Upgrades Can Raise Securities Questions
TL;DR SEC staff has published new FAQs explaining how federal securities laws may apply to crypto-asset buybacks, network upgrades...
SEC Staff Clear Token Buybacks on Working Networks, With a Warning for Unfinished Ones
More crypto projects are using revenue to buy back their own tokens, the way public companies repurchase stock. Ethena proposed a...
Bitget Halts Withdrawals After $351.6M Hot Wallet Incident Hits Crypto Exchange
Key Takeaways: Bitget reported unauthorized transactions of about $351.6 million that occurred in a portion of its hot & warm wall...