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
The team at Friend.tech is taking a significant step towards bolstering user security by introducing a two-factor authentication (2FA) password feature. This security enhancement aims to protect users from the increasing threat of SIM-swap attacks, which have plagued the platform recently. Friend.tech Introduces Two-Factor Authentication (2FA) Passwords The move comes as a response to a...Read More
Upbit, a South Korean cryptocurrency exchange, faced over 159,000 hacking attempts during the first half of 2023, as reported by its operating company, Dunamu. This figure represents a significant surge, with a 117% rise compared to the same period in 2022 and an astounding 1,800% increase compared to the first half of 2020. Upbit is...Read More
Galxe, a Web3 credential project, instructed users not to interact with the platform following a security breach on its website. Meanwhile, on-chain sleuth ZachXBT says the hackers are likely the same as the rogue actors that recently attacked Balancer’s front end. Galxe reported the security incident via its official X handle on October 6, asking...Read More
The hacks against cryptocurrency projects continue in full force, with the latest victim being the Avalanche-based social app – Stars Arena. According to early estimations, the perpetrators have swiped almost all funds (roughly $2.9 million in AVAX) from the platform, which later apologized and raised hopes to make users whole again. Launched about a week...Read More
The lone scammer has managed to abscond with approximately $385,000 worth of Ether (ETH) in under 24 hours. This incident forms part of a string of SIM-swapping hacks targeting users of the popular platform Friend.Tech. Scammer Steals 234 ETH in Less Than 24 Hours Blockchain investigator ZachXBT took to X on Oct. 5 to report...Read More
In a fresh wave of money transfers, the notorious FTX account drainer has caused significant disruption in the crypto community by moving a total of 60,000 ETH from 4 wallet addresses since late September. As per reports, the wallets that just a few days ago held close to 200K ETH now have a balance of...Read More
In a recent string of incidents, users of FriendTech (FT) have reported instances of unauthorized access to their accounts, resulting in the theft of their valuable digital assets. These security breaches have raised significant concerns regarding the vulnerabilities of the centralized service, prompting SlowMist’s founder to issue a warning about the inherent risks associated with...Read More
The crypto market may have failed to post a bullish breakthrough in September, but that did not stop malicious entities from stealing funds. According to the latest stats by CertIK, approximately $332 million in various digital assets has been lost to exploits, hacks, and scams in September September Sees Record-Breaking Losses Funds pilfered by exit...Read More
As FTX faced its dramatic collapse, a mysterious hacker absconded with hundreds of millions of dollars. 10 months later, on-chain data unveiled some fresh activity within the wallet of the alleged perpetrator. The identity of the individual responsible and the precise technique employed in the multi-million dollar hack continued to remain shrouded in mystery before...Read More
Earlier this week, cryptocurrency exchange HTX, formerly Huobi, lost roughly 5,000 ether (ETH) worth $7.9 million to a hacker. The attacker had compromised the exchange’s hot wallet and siphoned the assets in one swipe. While Tron founder and HTX advisor Justin Sun assured users that their assets were safe and the exchange would cover the...Read More
Data collated by 21.co, the parent company of the world’s largest issuer of cryptocurrency exchange-traded products, 21Shares, revealed that the notorious North Korean hacking group Lazarus currently holds more than $47 million worth of crypto assets in its wallets. According to 21.co’s dashboard on Dune Analytics, Lazarus Group holds several digital assets, including bitcoin (BTC),...Read More
Seychelles-based cryptocurrency exchange HTX (formerly Huobi) has lost $7.9 million worth of ETH to a hacker, on-chain data shows. The exchange has already identified the culprit and is ordering a return of funds with the threat of legal action. As noted by blockchain security firm Peckshield, exactly 4999 ETH ($7,866,926.30) left Huobi’s wallet on Sunday...Read More
In the latest cyber attack to hit the DeFi space, the Mixin Network’s cloud service provider database was recently compromised. The exploit has resulted in an estimated loss of assets worth approximately $200 million on the mainnet and, subsequently, the value of Mixin’s Native Token plummeting by almost 10%. Mixin’s Team Responds Following Attack Mixin’s...Read More
Nansen, a prominent on-chain analytics platform, has issued a security warning to its users following a security breach originating from a third-party vendor. The security compromise allowed hackers to steal password hashes of Nansen users, prompting an immediate investigation. Nansen’s Users’ Password Hashes Compromised in Attack On Sept. 20, Nansen was alerted to a breach...Read More
Decentralized finance (DeFi) protocol Linear Finance has fallen victim to an attack that resulted in the complete depletion of liquidity in its Linear USD (LUSD) token. Following the incident, Linear Finance’s team apologized to the community and implemented various safety measures. LUSD Price Collapses to Zero On Sept. 21, Linear Finance announced it had experienced...Read More
Balancer, an Ethereum-based decentralized protocol, said that the platform regained control of its domain and is secure shortly after hackers attacked its frontend. According to Balancer, a social engineering attack was responsible for the latest incident. Balancer recently suffered a Domain Name System (DNS) attack, with the firm warning users to stay away from the...Read More
Crypto exchange CoinEx, which suffered a hack earlier this month, announced that it is resuming deposits and withdrawals for its users on September 21st. The platform has outlined its intention to finalize the reconstruction and deployment of its wallet system during this timeframe. According to the official update, the exchange will resume operations involving wallets...Read More
Retool, a prominent software development company, has recently revealed that 27 of its cloud customers fell prey to a targeted SMS-based phishing attack. The breach has raised concerns about the security of cloud synchronization features, particularly Google Authenticator’s cloud sync. Retool Falls Prey to Targeted SMS Phishing Attack The Aug. 27 attack began with a...Read More
Cryptocurrency exchange CoinEx, which recently suffered a breach, has called on the hacker to negotiate with the company while also promising a generous bounty reward if they decided to return the stolen assets. The notorious North Korean-sponsored Lazarus Group was identified as the hackers behind the attack on CoinEx. Let’s Dialogue, Says CoinEx to its...Read More
The celebrated US investor, TV personality, and owner of the Dallas Mavericks had one of his MetaMask wallets drained through what appears to be another successful phishing attack. The total value of the siphoned funds is close to $900,000, according to on-chain data. Popular crypto sleuth WazzCrypto took it to X on Friday evening to...Read More
According to a Sept. 14 report from on-chain analytics provider Chainalysis, the total amount of cryptocurrency stolen is estimated at $3.54 billion. North Korea “continues to be an incubator for hacking activities and remains one of the largest active threats in the cybercrime landscape,” it stated. Moreover, the Democratic People’s Republic of Korea (DPRK)-linked hacking...Read More
In a well-coordinated attack, Remitano Crypto Exchange allegedly suffered a major security breach, resulting in a loss of about $2.7 million across various cryptocurrencies. This attack was picked up on the radar on Sept. 14, when major withdrawals and suspicious activities began to ripple across the exchange, raising the eyebrows of several blockchain analytics networks....Read More
CertiK has revealed transactions connecting the breaches at Atomic Wallet, Alphapo, CoinsPaid, Stake.com, and CoinEx that show Lazarus Group’s involvement in these exploits. This comes while the digital community is reeling from various cyber attacks that have affected several major Web3 entities. On-Chain Connections The infamous Lazarus Group, supported by North Korea, is still causing...Read More
North Korea’s notorious state-backed Lazarus Group is speculated to be behind the $55 million hack of crypto exchange CoinEx. According to prominent on-chain sleuth ZachXBT’s latest update, the attackers “accidentally” connected their address to the $41 million hack of the betting platform Stake.com. Just a day after the exploit, the investigator flagged an Ethereum wallet...Read More
Global cryptocurrency exchange CoinEx has been hacked for at least $29 million, with blockchain sleuths identifying a series of suspicious transactions leaving the firm’s hot wallets. Crypto security platform Cyvers reported the breach on Tuesday, calling on CoinEx to halt all deposits and withdrawals immediately. The hack occurred across three different blockchains, involving a wide...Read More
Vitalik Buterin, the co-founder of the second-largest blockchain, Ethereum, had his X account hacked to portray a phishing site that reportedly drained over $800,000. The fraudulent post has been deleted since, and the account has been restored. The blockchain security resource PeckShield was among the first to alert about the ongoing hack later last night,...Read More
The US Federal Bureau of Investigations (FBI) claimed that the notorious North Korea-sponsored hacking syndicate Lazarus Group is responsible for the recent attack on the cryptocurrency sports betting and casino platform Stake. The hack resulted in the loss of over $41 million worth of crypto assets from the gambling firm. Lazarus Group Behind Stake Hack...Read More
Millions of digital assets have been stolen by cyber adversaries via DNS hijacking attacks for phishing purposes, targeting users’ wallet seed phrases, or creating deceptive webpages that closely resemble legitimate sites. Attacks on Domain Name Systems (DNSs) play a crucial role in the internet’s infrastructure, providing insights into security incidents in Web 2 that have...Read More
On the 22nd of August, Balancer Labs – a non-custodial portfolio manager, liquidity provider, and price sensor – received reports of a massive vulnerability affecting several of its lending pools. At the time, no attacks had been carried out – but that changed recently. Community Alerted As soon as the exploit was discovered, Balancer devs...Read More
