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
Crypto-related hacks continue to plague the ecosystem. In July 2024, PeckShield reported a significant surge in such security breaches. The blockchain investigation firm found that 16 incidents resulted in approximately $266 million in losses during the period. The most severe breach was the Indian centralized crypto exchange WazirX, which suffered a staggering $230 million loss....Read More
WazirX has increased its White Hat recovery reward by 10%, which is now worth $23 million. This move follows a severe cyber attack that resulted in the theft of over $230 million from a multi-signature wallet. WazirX Increases Bounty Reward As a way to recover funds, the exchange announced a Bounty Program, calling on global...Read More
WazirX, the largest Indian cryptocurrency exchange, was hit by a security breach in one of its multisig wallets on Thursday. The incident resulted in the loss of over $230 million from the multisig wallet. Over $230 Million Stolen in WazirX Breach The company announced the attack in a post on X: At WazirX, our commitment...Read More
Unknown bad actors have drained hundreds of millions worth of cryptocurrencies from the leading Indian digital assets exchange Wazirx, following a breach in the platform’s wallet security. A tweet by blockchain security firm Cyvers Alerts revealed that $234.9 million of WasirX’s funds were moved to a new address, and the caller of each transaction is...Read More
The decentralized finance (DeFi) platform LI.FI protocol has suffered an exploit amounting to over $8 million. Cyvers Alerts reported detecting suspicious transactions within the LI.FI cross-chain transaction aggregator. LI.FI Issues Warning After $8 Million Exploit LI.FI confirmed the breach in a statement on July 16 via X: “Please do not interact with any http://LI.FI powered...Read More
Crypto exchange Kraken says it got its money back from the “security researchers” that took $3 million from the platform this year. “Update: We can now confirm the funds have been returned (minus a small amount lost to fees),” tweeted Nick Percoco, Chief Security Officer for Kraken, on Thursday. Kraken Gets Its Money Back Though...Read More
Leading cryptocurrency exchange Kraken’s chief security officer Nick Percoco has revealed that an undisclosed white-hat hacker group has refused to return digital assets worth roughly $3 million, which they stole from the platform’s treasury by exploiting a bug in its system. In a series of X posts, Percoco said the security researchers are demanding that...Read More
Omnichain tokenization platform Holograph’s native token, HLG, fell nearly 80% in value following a recent hack. The malicious actor exploited a vulnerability in the protocol’s operator contract, minting 1 billion HLG tokens that were initially valued at approximately $14.4 million. The Holograph Exploit Holograph confirmed the breach on their X account, assuring users that the...Read More
The UwU Lend protocol, previously targeted in a nearly $20 million hack on June 10, is facing an ongoing cryptocurrency exploit that has so far resulted in the theft of $3.7 million. This development comes as the protocol has been making efforts to reimburse its users following the $19.3 million June 10 hack. $3.7 Million...Read More
On Sunday, Loopring, an Ethereum zero-knowledge roll-up protocol, announced a significant security vulnerability attack on its smart wallets, linked to the Loopring Official Guardian. The project is collaborating with security and law enforcement agencies to investigate how the two-factor authentication system was compromised and to track down the cybercriminals. Loopring Official Guardian Exposed In a...Read More
UwU Lend, a decentralized lending platform, has become the latest victim of a malicious hack. According to the blockchain security firm, Arkham, the lending protocol saw $19.3 million stolen by bad actors. Although the cause of the hack is yet to be identified, some users claim that the project’s founder is the one behind the...Read More
The value of the Normie (NORMIE) token sunk by 99% within three hours after it was victim to a smart contract exploit, which temporarily dropped its market cap from $42 million to $200,000. Following the exploit, the developers of the Base meme coin are in discussions with the individual responsible for the incident to reclaim...Read More
BlockTower Capital’s primary hedge fund has fallen victim to fraudsters, who have managed to drain its assets partially. According to the Bloomberg report, the stolen funds have not yet been recovered, and the perpetrator remains at large. However, one source revealed that the firm roped in blockchain forensics experts to investigate the theft and recently...Read More
According to reports from Cyvers Alerts, the hacker who stole 150,000 ETH from the Parity Multisig Wallet version 1.5 in 2017 has resurfaced, moving stolen Ethereum worth $9 million to cryptocurrency exchange eXch. The hacker still has control over 83,017 ETH, amounting to $246.6 million stolen during the 2017 incident. $9M Worth of Ethereum Laundered...Read More
The movement of stolen cryptocurrency from the Poloniex hack in November 2023 is far from over. Although Poloniex claimed to have identified the attacker weeks later and offered a $10 million reward, the stolen funds were never returned. In the latest development, PeckShield, a blockchain investigation company, found that more than half of the stolen...Read More
On-chain sleuth ZachXBT has published a report on the history of Lazarus Group – the infamous North Korean hacking group responsible for some of the largest crypto thefts in the industry’s history. The article tracks 25 hacks affecting individuals and companies in crypto through which Lazarus laundered $200 million from digital assets to fiat between...Read More
An anonymous cryptocurrency investor with the username “Sell When Over” on X has reported a loss of $800,000 due to two allegedly malicious Google Chrome browser extensions. The investor first raised the alarm with a post on X, revealing that they had discovered a loss of $500,000 from multiple wallet applications. Chrome Extension Attack Leads...Read More
Prisma Finance’s hacker, who stole $11.6 million from the decentralized finance (DeFi) protocol, claims the exploit was a “whitehat rescue” and is enquiring who to contact to refund the funds, according to on-chain messages. A white hat hacker tries to find security vulnerabilities in software code using their hacking skills. Attacker Claims ‘Whitehat Rescue’ Before...Read More
The United Nations (UN) Security Council has released a report showing North Korea earns 50% of its foreign exchange earnings from cyberattacks. The council is also investigating involvement in cyberattacks associated with cryptocurrency companies, which reportedly caused losses of approximately $3 billion (450 billion yen). North Korea’s Cyberattacks Target Cryptocurrency North Korea primarily conducts cyberattacks...Read More
Super Sushi Samurai, a blockchain game native to layer-2 solution Blast, was exploited hours before its much-anticipated gaming product was launched. The exploit, reportedly orchestrated by a white hat hacker, has resulted in a loss of $4.6 million due to a bug in its smart contract code. Smart Contract Bug Exploited According to an announcement...Read More
The official X account of Trezor, a renowned hardware wallet manufacturer, fell victim to a devastating compromise, likely organized through a SIM swap attack. The breach resulted in fraudulent messages flooding the platform, promoting fake token sales and wallet scams. Trezor Account Breach The alarm was first raised by ZachXBT, an anonymous on-chain sleuth, who,...Read More
Charlotte Fang, the founder of Milady and Remilia, acknowledged a security breach after millions of dollars worth of Ether and Non-fungible tokens (NFTs) were moved to a wallet engaged in asset liquidation. The incident highlights the escalating issue of hacks and security vulnerabilities within the crypto sector, especially affecting decentralized finance (DeFi) platforms. Remilia Treasury...Read More
Ilya Lichtenstein, the man behind the looting of billions of dollars from Bitfinex, is now helping federal prosecutors build a case against Bitcoin Fog, a crypto mixing service. Lichtenstein pleaded guilty to money laundering charges last year after hacking Bitfinex and getting away with Bitcoin worth $3.6 million. Lichtenstein Testifies in Washington Trial According to...Read More
The Shido blockchain, a layer-1 proof-of-stake project, has been hit by an exploit that saw billions of its native token, Shido, siphoned away. This incident led to the Shido token plummeting by 94% in value within just 30 minutes. Over 4.3 Billion Tokens Lost in Exploit According to reports from blockchain security firm PeckShield, the...Read More
On Feb. 18, the FixedFloat team confirmed that the platform was hacked after blockchain sleuths reported the spurious crypto movements. “We confirm that there was indeed a hack and theft of funds,” it stated in response to a post on X revealing the exploiter’s address. However, no further details were provided, with the team stating,...Read More
Mimblewimble-based privacy coin Beam (BEAM) experienced a 7% price slump earlier today due to large offloading by a single wallet address. A tweet by blockchain analytics platform Lookonchain revealed that the offloaded assets were stolen in a phishing attack that occurred on February 15. BEAM Holder Falls for Phishing Attack According to Lookonchain, the phishing...Read More
Hayden Adams, the founder of Uniswap, took to social media to alert the crypto community about a new wave of scams targeting users through deceptive user interfaces (UIs) in crypto wallets. Adams’ warning sheds light on how scammers are leveraging fake clones of Ethereum Name Service (ENS) domains to deceive users and potentially siphon funds....Read More
