Michael Coates, newly appointed Chief Information Security Officer at the Solana Foundation, warned that AI-driven social engineering attacks, deepfakes, and credential theft have become the cryptocurrency industry's primary security threats, replacing traditional smart contract vulnerabilities as the main concern.
The Five Eyes intelligence alliance—comprising the US, UK, Canada, Australia, and New Zealand—issued an unprecedented joint security bulletin warning that Chinese intelligence operatives are using professional networking sites like LinkedIn and job platforms to target government and military personnel with fake recruitment offers to obtain classified information.
The Department of Justice sentenced a member of a scam group to nearly six years in prison for participating in a $263 million fraud operation that used social engineering to steal from crypto users, with proceeds spent on luxury items and real estate.
DNS provider EasyDNS confirmed responsibility for the eth.limo domain hijack, marking its first successful social engineering attack in 28 years. The incident adds to a growing list of crypto front-ends compromised at the DNS layer in recent months.
