The crypto remittance mobile application Telcoin has suffered an exploit that led to the loss of approximately $1.3 million in digital assets. According to an X update from the Telcoin team, the security attack affected wallets that have never initiated transactions on the platform. Telcoin Loses $1.3M in Security Exploit The Telcoin team announced they...Read More
Earlier this week, a BreachForums user by the name of Miembro announced the sale of access to a Binance data request portal, built and maintained to accommodate police officers and government officials worldwide in their attempts to track down cybercriminals. The sale has since been paused, owing to a blunder involving a crypto mixer being...Read More
The individuals accused of orchestrating the $8.5 million hack of Platypus Finance, an Automated Market Maker (AMM) protocol on Avalanche in February 2023, have been cleared of criminal charges by a French court, according to Le Monde. The defendants, identified as Mohammed and his brother Benamar M., were arrested approximately one week after attacking the...Read More
The crypto market has just witnessed its worst month in 2023 in terms of exploits, with criminals carting away assets worth hundreds of millions of dollars through various attacks. Blockchain security firm CertiK revealed in a tweet that bad actors stole approximately $363 million across more than 14 incidents. #CertiKStatsAlert Combining all the incidents in...Read More
Amid efforts to reclaim over $46 million in stolen assets, DeFi platform Kyber Network has received a stunning ultimatum: forfeit total control of both the company and protocol, and all stakeholders will be made whole. Via-on chain messaging on Thursday, the platform’s anonymous hacker demanded “complete executive control over Kyber,” alongside temporary ownership and control...Read More
On Nov. 30, blockchain security firm PeckShield reported that Florence Finance had been attacked. The protocol has reportedly lost $1.45 million in USDC in an attack called “address poisoning.” At the time of writing, there were very few details about the hack and nothing on the Florence Finance X (Twitter) feed or Telegram channel. #PeckShieldAlert...Read More
After being robbed of $26 million in crypto earlier this month, trading firm Kronos Research is reaching out to their hacker to negotiate. The company has offered to drop all legal charges if the hacker returns 90% of the stolen funds, leaving him ~$2.5 million to keep. The Kronos Research Hack Kronos made its offer...Read More
South Korean law enforcement revealed that hackers from the Democratic People’s Republic of Korea (DPRK), also known as North Korea, impersonated government agencies and journalists in South Korea to steal crypto. The hackers were said to employ email phishing techniques to carry out the dubious act on unsuspecting victims. DPRK Hackers Reportedly Focused on Stealing...Read More
Justin Sun, the founder of TRON and lead exec at Poloniex and HTX (formerly known as Huobi), promised an upcoming airdrop with assets to victims of the recent hacks against the two exchanges. He also updated the community that HTX had resumed withdrawals for a few TRX-related crypto assets. Recall the first hack against HTX,...Read More
Crypto cybersecurity firm Unciphered has unearthed a decade-old crypto wallet bug affecting browser-based wallets generated between 2011 and 2015. The bug may allow nefarious actors to steal up to $2.1 billion from wallets on various networks, including Bitcoin (BTC), Dogecoin (DOGE), Litecoin (LTC), and Zcash (ZEC). Discovering An Ancient Bug In an interview with the...Read More
Poloniex is gearing up to resume deposit and withdrawal services on its platform less than a week after a massive security breach. In the latest update, Poloniex stated that the majority of the restoration work has been finished, and the cryptocurrency exchange is currently functioning without issues. The platform disclosed its collaboration with a leading security...Read More
A wallet linked to the well-known exchange Binance has been breached, leading to a significant loss of $27 million. The incident primarily involved the theft of Tether (USDT) and was brought to light by the reputable on-chain investigator ZachXBT. ZachXBT Reveals $27M Crypto Heist on Binance-Linked Wallet According to on-chain detective ZachXBT, a cryptocurrency wallet...Read More
Over 175 different tokens with valuations exceeding $10,000 were stolen as part of a massive hack against the U.S.-based crypto exchange Poloniex on Friday, according to on-chain data. Since earlier today, estimates of the funds stolen in the hack have expanded to $125 million. What Hackers Took From Poloniex According to an X post from...Read More
Australian cryptocurrency exchange CoinSpot may have fallen victim to an exploit resulting in the loss of approximately $2 million worth of Ethereum (ETH). Blockchain investigator ZachXBT shed light on the incident through his Telegram channel, raising concerns about the security of the exchange’s hot wallets. ZachXBT Unveils $2 Million CoinSpot Exploit On Nov. 8, ZachXBT...Read More
According to the latest report from Immunefi, from January to October 2023, over $1.41 billion has been lost to hacking and fraudulent activities in 292 specific incidents. In October 2023 alone, losses amounted to approximately $22.2 million, primarily attributed to hacking and fraud. The most frequently targeted blockchain networks during the period were BNB Chain...Read More
In a recent revelation, Elastic Security Labs has uncovered a sophisticated cyber intrusion by North Korean hackers believed to be associated with the Lazarus group. This incident, tracked as REF7001, involved the use of a new macOS malware named Kandykorn, which has been specifically designed to target blockchain engineers involved in cryptocurrency exchange platforms. North...Read More
In response to a substantial hacking incident on October 31, Unibot, a decentralized trading platform, has confirmed total compensation for users negatively impacted by the event. Despite a recent decrease in the value of Unibot tokens, the company remains confident of a strong recovery. Unibot Makes Traders Full As per reports, the attack led to...Read More
Frax Finance, a prominent decentralized cross-chain protocol, has warned its users, urging them not to use the frax.finance and frax.com domains until further notice. The company’s founder, Sam Kazemian, has advised caution, emphasizing resolving the domain name issue before resuming normal operations. Frax Finance Faces Domain Hijacking The incident occurred early Wednesday when Frax Finance’s...Read More
Telegram chatbot Unibot has lost around $640,000 worth of digital assets after a hacker managed to exploit a vulnerability in the newly deployed contract. The team behind the protocol said that it is currently investigating the issue and will soon release a detailed response. PeckShield reported that the attacker transferred the pilfered cryptocurrency to Uniswap,...Read More
Stars Arena said that the platform’s CEO Chill Pill, resigned from their position, a move that comes nearly a month after the decentralized social finance (SocialFi) application suffered a major smart contract exploit. Meanwhile, the protocol’s total value locked (TVL) currently stands at a little above $300,000, a significant decrease from a TVL of nearly...Read More
Maestro, one of the largest Telegram bot projects in the crypto ecosystem, fell victim to a critical security breach earlier today, resulting in the unauthorized transfer of more than 280 ETH, amounting to a staggering $500,000, from user accounts. The breach stemmed from a critical vulnerability discovered in its Router2 contract, leaving the project in...Read More
According to ChainArgos, a blockchain intelligence firm, the situation surrounding TEURO has become increasingly complex. TrueUSD, the stablecoin company responsible for currencies like TUSD and TGBP, has publicly stated that they have no association with TEURO. However, it is undeniable that the TEURO contract was deployed using one of TrueUSD’s private keys, ChainArgos says. TrueUSD...Read More
Two years after James Zhong was apprehended for stealing 50,000 bitcoins (BTC) from the dark web marketplace Silk Road in 2012, stories of events that led to his arrest have emerged. According to a CNBC report, Zhong was a computer expert who lived a luxurious life. He drove expensive cars, including a Tesla, partied a...Read More
The Fantom Foundation has been drained of hundreds of millions of dollars from its crypto wallets by a phishing scammer, according to blockchain security firm CertiK. Fantom is a smart contract and Dapp platform focused on enhanced speed, making transactions more efficient than other layer-one blockchains like Ethereum. Tuesday’s hack affects only the Fantom Foundation...Read More
Beluga, a Multichain AMM protocol, recently fell victim to a malicious hacking attack that scooped about $175K in crypto a few hours ago. This is just the latest hacks and cyber attacks that have been clouding the crypto space in 2023, stealing over a billion. Beluga Protocol Attacked As per the reports, this attack targeted...Read More
As FTX and its disgraced founder, Sam Bankman-Fried’s courtroom drama continued to unfold in Manhatten, revealing astonishing details that led to the crypto giant’s unraveling, elsewhere, the trail of stolen funds from the exchange has been found to have a Russian connection. FTX filed for bankruptcy on November 11, 2022. Later that day, the exchange...Read More
The most significant flash loan attack in the BNB Chain was reported on Oct. 11 when an MEV bot made a massive arbitrage profit of $1.575 million. The attack, which passed through the Pancakeswap DEX network, only cost the perpetrating bot a fee of $4.16, leaving them with humongous profits. Large Single Flash Loan Attack...Read More
Avalanche-based social app Stars Arena has recovered almost all the assets it lost during a recent security breach. According to an official update from the Stars Arena team, the hacker agreed to return the stolen $2.9 million in AVAX tokens for a 10% bounty and 1,000 AVAX lost in a bridge. Stars Arena Recovers Lost...Read More
Galxe, a Web3 credentials and rewards platform, has taken measures to reassure its community in response to last week’s DNS attack. The platform announced a refund totaling slightly over $396,000 for over 980 affected users, along with an additional 10% compensation on the lost funds. The funds of impacted users will be automatically returned to...Read More
Ethereum, the second-largest blockchain network, suffered a substantial setback through a sandwich attack, losing over $9K. This data underscores an increasing problem of sandwich attacks in the crypto sphere, with over $1.3 million lost through such schemes in the past 30 days on the Ethereum chain. The Sandwich Attack According to Eigenphi’s data, on Oct....Read More
Combining all the incidents in...Read More
