Heather Morgan, widely known by her rap persona “Razzlekhan,” has been sentenced to 18 months in prison for her role in laundering funds stolen during the 2016 Bitfinex cryptocurrency hack. Morgan pleaded guilty to conspiracy charges related to money laundering and defrauding the United States earlier this year. A Deliberate Scheme According to a CoinDesk...Read More
Ilya Lichtenstein, a 35-year-old programmer, was sentenced to five years in prison for his part in laundering Bitcoin stolen from the Bitfinex crypto exchange. The U.S. Department of Justice (DOJ) announced the sentence, marking a significant development in a case involving the theft of nearly 120,000 BTC, valued at $71.8 million in 2016 but worth...Read More
Police in India have reportedly taken a suspect into custody in connection with the high-profile attack on the WazirX crypto exchange. The individual’s capture comes almost four months after the incident, which resulted in the loss of more than $230 million worth of crypto, was first reported. Two Suspects Identified According to local news sources,...Read More
According to cybersecurity firm PeckShieldAlert, the cryptocurrency space faced approximately 20 hacking incidents in October 2024, with total losses reaching around $88.47 million. Five significant breaches accounted for most of the losses, with Radiant Capital experiencing the largest setback. The Top October Crypto Hacks The firm revealed that among the top five incidents in October...Read More
The advancement of computing power over the past few decades has been extraordinary. As computers become more powerful, hackers gain access to more sophisticated tools to launch attacks against crypto platforms. The threat of quantum and AI-driven hacks will soon be a major challenge for crypto entrepreneurs and developers. Web3 hacks are one of the...Read More
Reports have emerged that bad actors allegedly tied to North Korea’s Lazarus Group executed a complex cyberattack that used a fake NFT-based game to exploit a zero-day vulnerability in Google Chrome. According to the report, the vulnerability ultimately allowed the attackers to access people’s crypto wallets. Exploiting Chrome’s Zero-Day Flaw Kaspersky Labs security analysts Boris...Read More
A staggering $20 million in cryptocurrency linked to U.S. government addresses has been moved to a new wallet, raising alarms about a potential theft. The transactions originated from the government-controlled Bitfinex Hack Wallet, which housed part of the funds recovered from the 2016 attack on the Bitfinex crypto exchange. This resulted in a loss of...Read More
The person behind the recent Radiant Capital exploit has reportedly moved nearly all of the stolen crypto, valued at about $52 million, from Layer-2 networks to Ethereum. Blockchain security firm PeckShield shared the information on October 24, further dampening any hopes of recovering the funds. Attacker Almost Done Bridging Stolen Funds According to PeckShield, the...Read More
WazirX founder Nischal Shetty has responded to allegations that the company transferred $75 million worth of crypto assets to two major exchanges without informing users. The situation arose after the Indian crypto platform disclosed more than 240,000 wallet addresses as part of the requirements of a four-month moratorium granted to it by a Singapore court...Read More
Radiant Capital has released a detailed analysis of the October 16 exploit that led to the loss of more than $50 million in user funds. According to the post-mortem, the attacker used highly advanced malware to poison transactions, enabling them to steal funds during a routine multi-signature process. Attack Methodology Exploited Common Errors It all...Read More
According to several online reports, the official X account of the restaking protocol EigenLayer appears to have been hacked. An October 18 post from EigenLayer’s social media account promoted a fake airdrop campaign targeting users eligible for a previous distribution. Fake Airdrop Claims Pseudonymous on-chain investigator ZachXBT was among the first to alert users, issuing...Read More
Blockchain security firm PeckShield has reported that the crypto space suffered more than 20 hacking incidents in September 2024. According to the company, these events caused about $120.23 million in losses, excluding $32.4 million worth of Spark Wrapped Ethereum (spWETH) drained in a phishing attack on September 27. BingX, Penpie, and Indodax Suffer the Most...Read More
The United States Court of Appeals for the Ninth Circuit has reopened a case against AT&T, an American multinational telecommunications company whose employees enabled a Subscriber Identity Module (SIM) swap that led to the theft of cryptocurrencies worth $24 million in 2018. According to a filing published by the court panel, almost all charges brought...Read More
A Singapore court has reportedly granted a four-month moratorium to Indian cryptocurrency exchange WazirX, following the company’s request for a temporary reprieve. The moratorium, however, comes with some conditions, including full transparency of the exchange’s wallet addresses and financial records. Court’s Conditions This development comes after WazirX was hit by a massive hack in July,...Read More
BingX, a Singapore-based crypto exchange, has suffered a hack targeting its hot wallets. The attack affected several blockchains, with Cyvers Alerts estimating a total loss of over $52 million. BingX Confirms Hot Wallet Hack The incident was initially detected by blockchain security firm PeckShield, which reported a “suspicious significant fund outflow” from the exchange totaling...Read More
Blockchain detective ZachXBT has exposed another set of hackers who used a social engineering scam to steal over $240 million in Bitcoin from a wealthy victim. The investigator said that both his efforts and the criminals’ own blunders have already led to “multiple arrests and millions frozen.” Scammed For 4000 BTC In mid-August, the scammers...Read More
The official X account of Decentraland, a virtual reality platform, has been hacked, with attackers advertising a fake MANA token airdrop. On September 19, PeckShield alerted the public in a post on X that Decentraland’s official account had been compromised. Details of the Breach The blockchain security firm urged users to avoid interacting with the...Read More
In the aftermath of a July 2024 cyberattack that resulted in the loss of $235 million from WazirX users’ wallets, Binance has denied allegations that it bears any responsibility for the breach. In an official statement, it emphasized that it neither owns nor operates the Indian platform and urged the team to take full accountability...Read More
Indodax, Indonesia’s largest centralized cryptocurrency exchange, has reportedly suffered an exploit resulting in a total loss of $18.2 million. Following the incident, the team acknowledged the security breach and temporarily suspended operations for maintenance, reassuring users that their funds remained safe. $18.2 Million Exploit On September 11, Cyvers Alerts took to X to notify the...Read More
The hacker responsible for the WazirX security breach has moved over $23 million worth of stolen Ethereum (ETH) in the past 24 hours. This comes amidst the exchange’s restructuring efforts which could see 55-57% of the stolen assets being returned to users. Funds Likely Heading to Tornado Cash According to Cyvers Alerts, the hacker transferred...Read More
The United States Federal Bureau of Investigation (FBI) has issued a paper alerting the public of “aggressive” attacks from North Korean hackers against the crypto industry and companies associated with digital asset investment products. According to the report, these attacks consist primarily of sophisticated social engineering tactics that even crypto employees and market participants well-versed...Read More
Decentralized Finance (DeFi) platform Penpie, built on the Pendle network, reportedly suffered a major exploit on September 3, 2024. According to the real-time on-chain monitoring system Cyvers Alert, the hack led to the loss of at least $26 million in various wrapped and synthetic crypto assets. Details of the Attack Emerge The security surveillance company...Read More
The X accounts of Lara Trump and Tiffany Trump were reportedly hacked Tuesday evening, resulting in fraudulent messages posted to promote a fake cryptocurrency token. The compromised accounts were used to falsely endorse a token allegedly linked to World Liberty Financial, a new crypto project recently promoted by members of the Trump family. Details of...Read More
The hacker responsible for the $230 million cyberattack on Indian crypto exchange WazirX has begun transferring stolen funds using Tornado Cash, a digital currency mixer sanctioned by the U.S. government. The move, which hides the trail of stolen assets, is the latest attempt by the perpetrator to launder the ill-gotten gains. $6.5 Million in Stolen...Read More
The X account of French football star Kylian Mbappe was reportedly hacked on August 29, with the attackers posting multiple messages promoting a suspicious cryptocurrency named ‘$MBAPPE.’ The posts, which also included opinions on contentious topics such as the Israel-Palestine conflict, caught the attention of many, leading to significant financial losses for some. Investor Loses...Read More
McDonald’s Instagram page was reportedly hacked on August 21, leading to a significant scam involving a Solana-based meme coin. The perpetrators exploited the fast-food chain’s social media account to promote a fraudulent token named “Grimace,” referencing one of McDonald’s fictional characters featured in its advertisements. Bubblemaps’ findings reveal that the hacker acquired 75% of the...Read More
On Tuesday, a cryptocurrency whale suffered a loss, with approximately $55.4 million worth of Dai stablecoin stolen in a phishing attack. According to the blockchain security firm CertiK, the attacker likely used a phishing tool known as Inferno Drainer to gain access to the whale’s externally owned account (EOA). Inferno Drainer Phishing Attack The incident...Read More
On Aug. 15, crypto compliance and research firm Chainalysis released the first part of its 2024 crypto crime report. The firm revealed that aggregate illicit activity on-chain has dropped by 19.6% year-to-date, down from $20.9 billion to $16.7 billion. It added that this demonstrates “that legitimate activity is growing more quickly than illicit activity.” Part...Read More
Investigations into a multi-million dollar hack on the omnichain tokenization platform Holograph have begun to yield results. French authorities have arrested two individuals who may have been involved in the attack. According to a tweet by the official Holograph X account, the Italian Directorate of Anti-Mafia Investigations, in collaboration with multiple enforcement agencies, including Europol,...Read More
Nexera, a DeFi protocol, has been affected by a smart contract security breach that resulted in the theft of $1.5 million worth of NXRA tokens. Following the incident, the value of the protocol’s native token plummeted by over 40%. $1.5 Million Stolen and NXRA Token Plummets 43% The exploit was first reported on August 7...Read More
