Cyvers in the News

Is Lazarus Group the biggest threat to crypto in this bull market?

‍According to ^{Cyvers CEO Deddy Lavid}, the Lazarus Group has shifted its cyberattack strategies significantly in 2023, targeting centralized entities with a refined and dynamic approach. Moving beyond traditional phishing and brute force methods, the group now employs AI-driven phishing campaigns and complex smart contract exploits.

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^{“My analysis emphasizes the need for increased security measures in the cryptocurrency and blockchain space, urging a deeper recognition of information security’s importance, a call for more security professionals, and a focus on proactive attack prevention.”}– Deddy Lavid, CEO at Cyvers

Beware Of New Crypto Tokens Amid This Bull Run: HMZ Token Scam

‍On 7 March 2024, ^{Crypto security platform Cyvers reported that an artificial intelligence (AI) focussed new crypto project HumanizedAI ($HMZ) scammed crypto investors.}

The fund deployer crypto address moved 173 ETH to a crypto exchange.

Mozaic Hack: Insider Steals $2.1 Million, Moz Price Plummets by 75%

^{Cyvers Alerts, a trusted Web 3 security firm, sounded the alarm bells.} They pointed out that Mozaic_Fi’s lax access control on the Arbitrum network paved the way for this hack. The thief made off with a staggering $2.1 million, funneling it straight to the MEXC exchange. Fortunately, steps are in place to recover the stolen funds.