DWC Cove

⚠️JUST IN: A Ledger user lost $200K after receiving a fake letter impersonating Ledger support. The letter redirected the victim to a phishing site, where they entered their seed phrase, giving the attacker access to their cold wallet and allowing them to drain the funds. @DWCcove

⚠️JUST IN: FBI arrests 25 hackers targeting business emails, resulting in $215M stolen. The group used social engineering tactics to access corporate emails and send fraudulent payment requests. Authorities seized 3 luxury watches and $1.2M in cryptocurrency. @DWCcove

⚠️JUST IN: Over $630M stolen from crypto exchanges during April. Throughout the month, there was at least one major exploit targeting crypto exchanges nearly every day, resulting in $600M+ in stolen from the platforms. @DWCcove

⚠️JUST IN: Sweat Wallet compromised with ~$3.4M stolen The exploiter used a custom drainer allowing him to drain all funds within 30 seconds, stealing over $3.4M @DWCcove

⚠️ JUST IN: Exchanger tied to Malone Lam and his criminal group sentenced to 70 months in prison Per the FBI, the exchanger laundered millions from a large-scale social engineering operation that stole over $263M in crypto, and helped convert crypto into luxury assets including exotic cars and expensive watches. @DWCcove

⚠️ JUST IN: FBI arrests U.S. soldier over $400K insider trading scheme The individual used non-public information to trade on Polymarket, earning ~$400K in profits. Funds were deposited into Coinbase, where law enforcement worked with the exchange to identify the insider, leading to the arrest. @DWCcove

⚠️ JUST IN: Six individuals arrested in connection to a $2M robbery targeting a streamer in France Per ZachXBT, a family member of the streamer was kidnapped and a $2M ransom was paid in Bitcoin for their release. @DWCcove

⚠️ JUST IN: FBI arrests SIM swapper tied to $8M+ in thefts The threat actor carried out SIM swap attacks and used phishing sites to trick victims into entering seed phrases, resulting in over $8M stolen from U.S. companies and individuals. @DWCcove

⚠️ JUST IN: Kraken is working with U.S. Secret Service to track threat actors who social engineer victims Per Kraken, over $45M in stolen cryptocurrency has been identified, with $12M+ frozen, and 20,000+ potential victims flagged across multiple jurisdictions. Kraken is also coordinating with U.S. and UK authorities to track down actors targeting its users. @DWCcove

⚠️ JUST IN: Victim loses 3 BTC ($224K) after signing a phishing signature The same crypto drainer has stolen ~$585K from 4 victims in the past 11 hours via a fake website designed to trick users into connecting their wallets. @DWCcove

⚠️ JUST IN: Vercel has been exploited in major data breach A threat actor gained insider-level access to Vercel systems, leading to unauthorized access to customer databases. Customers are already impacted, with Vercel confirming the incident. @DWCcove

⚠️JUST IN: ZachXBT offers $25K bounty for investigation into Ravecoin Per ZachXBT, the project appears to be controlled by an insider group and is being labeled as the biggest pump and dump coin. Ravecoin price went up by ~100x, with price increasing ~1000% daily. @DWCcove

⚠️ JUST IN: Threat actors are sending fake Ledger hardware wallets to victims Threat actors are now mailing fake Ledger hardware wallets to selected victims, along with a download link to a fake 1:1 Ledger Live app designed to appear legitimate. @DWCcove

⚠️ JUST IN: French minister says new measures will be taken to protect crypto investors from kidnappings In 2025, there were 72 verified physical crypto robberies, 40% of which took place in Europe, with over $40M stolen across the year. @DWCcove

⚠️JUST IN: Two victims kidnapped in France for a €400K crypto ransom demand The victims, linked to a wealthy crypto investor, were abducted and held for ransom in Bitcoin. Authorities confirmed the victims were safely freed, with 7 individuals arrested. @DWCcove

⚠️JUST IN: CoW was compromised via a threat actor impersonating a staff member Per CoW, a crypto wallet drainer was installed and seed phrases from affected users were harvested. CoW has advised users to move funds to a new wallet and revoke all approvals. @DWCcove

⚠️ JUST IN: Crypto exploits and phishing caused ~$482M in losses across 44 incidents in Q1 2026. Over the past three months, 44 major incidents led to ~$482M in crypto losses, with $306M stemming from social engineering and phishing attacks targeting users. @DWCcove

⚠️ UPDATE: Over $1M drained across multiple victims A crypto drainer was placed on the CoW Swap website, leading to multiple users connecting their wallets and unknowingly approving malicious transactions. @DWCcove

⚠️ JUST IN: CoW Swap compromised with a drainer attached to the site CoW has confirmed the frontend was compromised, allowing a malicious crypto drainer to target users interacting with the platform. Users are advised to immediately revoke any approvals made on CoW Swap. @DWCcove

⚠️ BREAKING: Per ZachXBT, The fake Ledger Live app stole ~$9.5M in 2 days Multiple victims were impacted after entering their seed phrases into a fake Ledger Live app. At least three victims lost seven figures each. The app was live for a week before being removed. @DWCcove