A group of Ledger users has filed a class-action lawsuit in the United States District Court of Delaware against Global e-commerce platform Shopify, its third-party data consultant TaskUs as well as the hardware wallet maker itself. Another Lawsuit According to the official document, the plaintiffs accused Shopify and TaskUs of their “failure to exercise reasonable...Read More
There has been some activity on the blockchain address that was flagged as being involved in the hack on the Axie Infinity Ronin bridge last month. There have been several transactions over the past couple of hours from the suspect Ethereum address. The first was the movement of 1,000 ETH valued at approximately $3.5 million...Read More
Axie Infinity has announced postponing the launch of its much-anticipated play-to-earn game – Origin – after what appears to be the biggest hack in DeFi history. According to the post on substack, Axie Infinity: Origin will go live on the Mavis Hub on April 7th. It was originally slated to launch on March 31st. Axie...Read More
Ronin Network, a critical bridge chain that powers Axie Infinity, was attacked, and this resulted in in a loss of 173,600 Ethereum and 25.5M USDC, equivalent to over $600M. Since the breach occurred on March 23rd, the stolen funds have flowed into FTX, Huobi, and CryptoCom, which have all vowed to take actions to trace...Read More
Ronin – an EVM blockchain for play-to-earn games – recently fell victim to one of the largest hacks in the history of crypto. A whopping 173,600 ETH was drained from Ronin bridge within the last week, alongside another 25.5M USDC. According to a community alert issued by Ronin, the hack occurred due to Ronin validator...Read More
The anonymous hacker behind the theft of over $50 million from the Solana-based stablecoin protocol Cashio has set some conditions for returning the stolen funds to affected users. The Cashio hacker has set forth conditions for returning funds stolen from the decentralized platform. Data from Etherscan shows someone in control of the wallet linked to...Read More
About $50 million has been robbed from a Solana-native stablecoin protocol using a ‘fake account’ exploit. This apparently allowed the hacker to mint an unlimited amount of CASH, which the team behind the stablecoin has confessed to. As explained by samczun of Paradigm on Twitter, CashioApp requires users to deposit collateral in order to mint...Read More
Li Finance (LiFi) became the latest victim of cyber-attackers, with nearly $600,000 worth of cryptocurrencies stolen from 29 wallets. Shortly after, the team published a post explaining the issue and promised to reimburse all affected users. LiFi Falls Victim to a DeFi Hack The blockchain protocol explained that the attack occurred on March 20, 2022,...Read More
Not one, but two decentralized finance (DeFi) protocols – Agave and Hundred Finance – were exploited in a fresh case of a “re-entrancy” attack. The hacker reportedly managed to siphon funds worth $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI on both DeFi protocols on the Gnosis chain using a...Read More
Hundreds of NFTs were stolen in the TreasureDAO exploit, conducted through a series of transactions. The attackers were able to exploit a bug in the protocol that enabled them to mint NFTs for free. Soon after, the platform urged its users to delist their non-fungible tokens from the marketplace. TreasureDAO Exploited In yet another major...Read More
According to a recent analysis, the Pyongyang-led cybercrime organization – the Lazarus Group – employs advanced techniques to steal and launder cryptocurrencies. The gang has shown “remarkable adaptation to evolving regulation,” the report warned. North Korea and Crypto While China and Russia traditionally captivate the attention of most democratic governments concerned about cyber security, totalitarian...Read More
OpenSea users complained about a phishing attack that resulted in countless stolen non-fungible tokens, according to PeckShield. At the same time, the NFT marketplace said it was investigating these “rumors,” and any attack was not related to its website. Reports started to emerge earlier from OpenSea users who saw unsettling behavior in their accounts. Shortly...Read More
Two months after exploiting the crypto exchange AscendEx (formerly Bitmax), the anonymous hackers have transferred around $1.5 million worth of Ethereum to Uniswap in their first attempts to launder the money. CryptoPotato reported in mid-December when the three-year-old digital asset trading platform became the latest victim of a security breach. Early estimations showed that the...Read More
DeFi protocols Bunny Finance and Qubit announced plans of “restructuring.” The joint statement revealed that the two projects, governed by the development team until recently, will now be managed by a decentralized autonomous organization (DAO). Restructuring, Not Disbanding According to the official blog post, the community will be granted all the relevant authority once the...Read More
Barely two days after the U.S. Department of Justice (DOJ) seized about $3.6 billion worth of BTC related to the 2016 Bitfinex hack, dozens of individuals have started laying claims on the bitcoin fortune. According to a Bloomberg report, the DOJ has seen a massive surge in the number of people who wish to regain...Read More
The FBI has arrested a husband and wife in Manhattan for allegedly conspiring to launder swaths of Bitcoin connected to the 2016 Bitfinex exchange hack. According to Reuters, over $3.6 billion worth of the asset has already been recovered by law enforcement. The couple allegedly responsible is Ilya Lichtenstein (34) and Heather Morgan (31). They...Read More
The United Nations (UN) accused North Korea of stealing cryptocurrencies worth millions of dollars. Moreover, the report added that the totalitarian Asian state employed the stolen assets to fund missile and nuclear experiments. Crypto Fuels Weapon Trials According to a recent UN report cited by Reuters, North Korean hackers have carried out numerous attacks against...Read More
Wormhole Bridge is back up with developers claiming that all funds are restored following the $320 million hack. Wormhole, a cross-chain bridge from Solana to other networks, suffered a major breach on Wednesday. Hackers managed to take control of 120,000 wrapped Ether worth $320 million. The breach impacted all users that held Ethereum tokens (wETH)...Read More
A Solana bridge called Wormhole has been exploited for as much as $320 million according to reports emerging on Feb. 3. The team posted a notice that the bridge had been hacked losing 120,000 wrapped ETH valued at around $320 million at the time. It added that ETH will be added to ensure the wrapped...Read More
A large chunk of the bitcoins stolen from the infamous 2016 Bitfinex hack was moved by the hackers to an unknown wallet earlier today. Bitfinex 2016 Hacked Funds on the Move According to data from the live cryptocurrency transactions monitor Whale Alert, the hackers have moved over 64,000 BTC in 21 separate transactions. The first...Read More
The Binance Smart Chain-based protocol Qubit Finance reported being hacked for $80 million worth of BNB. The attackers managed to create the illusion that they had deposited large amounts of xETH collateral. The blockchain security resource PeckShield reported last night that the DeFi project could have become a victim of a security breach. Later on,...Read More
NYC-based entrepreneur Dan Reich has recently regained access to more than $2 million worth of crypto left in a Trezor One hardware wallet with the help of renowned computer engineer and hardware hacker Joe Grand. In a YouTube video uploaded recently, the Portland-based hacker popularly known by his pseudonym “Kingpin” gave a comprehensive narration of...Read More
Earlier this morning, a mysterious video called “One World Cryptocurrency” was posted across numerous popular crypto/ finance YouTube channels – without the owners’ permission. The video has all the appearances of a giveaway scam. “One World Cryptocurrency” The minute-long video features promotion of a supposedly new BSC token called “One World Cryptocurrency” (Ticker: OWCY). It...Read More
The users of cross-chain protocol lashed out over an unsolved security vulnerability that appeared earlier this week and the platform’s failure to act. Later on, though, Multichain revealed that one whitehat hacker returned 259 ETH, worth approximately $813,000. The Multichain Exploit It all started when Multichain announced the existence of a flaw that made several...Read More
The digital asset exchange – CryptoCom – came up with an official statement regarding the latest attack on its platform. The company revealed that the incident affected nearly 500 people, but they were fully refunded. The Saga Had a Happy End In its most recent report, CryptoCom disclosed that it first found out about the...Read More
A recent report by blockchain forensics company Chainalysis stated that cybercriminals in North Korea stole bitcoin and Ether, worth almost $400 million but still have millions worth of stolen cryptocurrency funds unlaundered. Almost $400 Million Theft Recorded in 2021 The Chainalysis report published January 13, 2022, stated that the funds were stolen following attacks on...Read More
Animoca Brands subsidiary, Lympo, an NFT platform that specializes in the minting of sports-related collectibles, has lost $18 million to a hack of several of its hot wallets. According to a Medium post that announced the breach of security, the team stated that it lost 165.2 million LMT tokens after a hacker gained access to...Read More
Tinyman opened about the latest attack that started on January 1st. A few “unauthorized users” breached some of the protocol’s pools after compromising a previously unknown vulnerability on its smart contracts. Tinyman Compromised According to the official blog post, the attack resulted in a drain of certain ASAs in the first hours. This, in turn,...Read More
The rumors of a potential MetaMask governance token airdrop have been going rampant on Crypto Twitter for quite some time now. it appears that scammers are taking full advantage and have managed to lure several hundred users in their schemes. MetaMask is the most popular non-custodial wallet for Ethereum and it played a huge role...Read More
Visor – a Uniswap-based protocol specializing in NFT smart vaults – was recently exploited by hackers to withdraw 8.8 million vVISR tokens. The Visor team appears to be addressing the issue, but the token’s price has collapsed in the aftermath. Hacked For Millions Visor Finance called attention to the exploit over Twitter earlier today. Apparently,...Read More
