With “Hacktober” ending in a few days, yet another crypto platform has been added to the list of crypto protocols that have lost millions of dollars worth of digital assets to hackers this month. Earlier today, cryptocurrency vesting platform Team Finance announced it had become the latest victim after losing $14.5 million to a bug...Read More
Binance is on the verge of uncovering the hacker(s) behind the $570 million exploit on its cross-chain bridge, BSC Token Hub, earlier this month. In a recent interview with CNBC’s ‘Squawk Box Europe,’ Binance CEO Changpeng “CZ” Zhao said the firm had received substantial tips from law enforcement authorities to identify the hacker(s) that drained...Read More
The Optimism bridge supporting privacy coin BitBTC is actively being exploited for 200 billion BitBTC tokens. Due to the technicals of the hack, the BitBTC team now has less than 7 days to implement an upgrade to minimize the damages. A Poorly Designed Bridge According to Arbitrum tech lead Lee Bousfield on Twitter, the BitBTC...Read More
Crypto wallet provider BitKeep Wallet has become the latest victim of an endless wave of DeFi hacks this month. Blockchain security firm PeckShield first raised the alarm on Twitter late Monday, and BitKeep published an update on the incident in the early hours of Tuesday. After alerting the public, the security firm asked users to...Read More
Over the weekend, Japanese local media reported that Lazarus has been attacking local crypto companies, according to the National Police Agency. The group has been using social engineering, such as sending phishing emails to employees at crypto companies or using social media to lure them into installing malware. Phishing is a technique where targeted emails...Read More
With data pointing to a potentially bullish month for Bitcoin, speculators are calling it “Uptober.” After September’s “Rektember,” investors typically look forward to October, which has historically been kinder to the crypto market for years. Bitcoin, for one, has been green seven times over the last nine Octobers, with the only red ones coming in...Read More
Reports are emerging this morning of an attack on the TempleDAO yield farming protocol. The alert came in from blockchain security firm PeckShield on Oct. 11, stating that the attacker had transferred 1,831 ETH worth around $2.34 million from the protocol. Details are thin on the ground at the moment, but the exploit appears to...Read More
QANplatform – a quantum-resistant layer 1 blockchain – lost $1 million to a hacker who targeted the network’s blockchain bridge. Since the attack, its native QANX token has suffered a price collapse of over 90%. The Latest Bridge Attack At 05:01 EST on Tuesday, QANplatform tweeted that its smart contract bridge had been hacked and...Read More
Last week, TransitFinance was exploited by multiple hackers who made off with nearly $23 million in ETH, Binance-pegged ETH, and BNB. Since then, the project – which collaborated with PeckShield and other blockchain security firms – stated that it had tracked the attackers and knew, with relative certainty, who they truly were. Most funds have...Read More
Binance has announced a pause across the entire Binance Smart Chain (BSC or BNB Chain) following what appears to be one of the largest exploits in DeFi history. An attacker has reportedly hacked another BNB chain user for 2 million BNB, worth $600 million. Another DeFi Catastrophe According to BNB Chain on Twitter, the “temporary”...Read More
Sovryn – a Bitcoin-based decentralized finance protocol – was drained of over $1 million in funds on Tuesday using a price manipulation exploit. The attack allowed the culprit to drain over $1 million worth of crypto from the protocol, including 44.93 RBTC and 211,045 USDT. Sovryn’s First Hack According to Sovryn’s blog post on the...Read More
As one of the most prominent NFT artists around, Beeple has gathered quite a community around himself – and unscrupulous third parties have repeatedly attempted to get a piece of the pie themselves. Attacks Focusing on Social Media Earlier this year, Beeple’s community was attacked via Twitter, an exploit that saw the artist’s account compromised...Read More
Transit Swap’s project team was reportedly working on collecting “specific data” of the victims and chalking out a return plan as it focused on retrieving the remaining 30% of stolen funds. However, it appears that the hacker is in no mood to let go of the rest. Higher Bounty As per blockchain security expert, Peckshield,...Read More
On Tuesday night, an Ethereum MEV bot gained 800 ETH through the use of clever arbitrage, only to lose all of it and more to a hacker an hour later. Here’s how the situation played out on-chain: The event began with a third-party trader mistakenly losing nearly $2 million to spreads on Uniswap v2 trade....Read More
The leading crypto market maker, Wintermute, suffered a $160 million breach in its decentralized finance operations last week. On-chain data revealed tens of millions of dollars worth of Dai, USDC, Tether, Wrapped ETH, and other assets transferred from the company to a wallet address flagged as “Wintermute Exploiter.” While the UK-based company has not revealed...Read More
Controversial crypto entrepreneur Jason Falovitch on Sunday reported that hackers breached his crypto wallet on OpenSea and stole four NFTs and six ETH. The value of the stolen assets is estimated to be in the range of $150,000, media reports said. In a similar incident, earlier this month, famous American actor and comedian Bill Muray became a...Read More
A hacker managed to get away with 732 ETH worth around $950,000 from a crypto wallet. Interestingly, blockchain security firm PeckShield revealed that the theft was carried out via the same vanity address hack connected to the UK-based crypto market maker Wintermute. On-chain data suggested that the hacker moved the stolen funds to the OFAC-sanctioned...Read More
On September 19, Arbitrum, one of the most popular Layer 2 solutions for Ethereum, paid 400 ETH (about $560,000) to a white hat hacker who found a potential vulnerability in its code. The white hat hacker, known on Twitter as Riptide, finds vulnerabilities within smart contracts written in Solidity. Riptide said the “multi-million dollar vulnerability”...Read More
UK-based crypto market maker Wintermute suffered a loss of approximately $160 million. In a series of tweets, the company’s founder and chief executive, Evgeny Gaevoy, revealed that the decentralized finance operations had been compromised. The centralized finance and over-the-counter verticals have not been affected. Blockchain security expert Certik recorded that $162,509,665 had been stolen over...Read More
A hacker managed to steal $3.3 million worth of cryptocurrencies from several Ethereum addresses generated with the “Profanity” tool. The funds were drained even after the decentralized exchange aggregator 1inch warned users about discovering a severe vulnerability putting millions of dollars at risk. It had previously advised users owning wallet addresses generated with the Profanity...Read More
In a new move carried out by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC), multiple sanctions were handed out due to the accused’s ransomware activities. Ten Individuals and two shell companies known for extorting US businesses and infrastructure providers have been sanctioned, prohibiting all commercial activities with the designated parties...Read More
The blockchain intelligence firm Chainalysis announced on Thursday that it has successfully assisted law enforcement in seizing $30 million in crypto stolen by North Korean hackers of the Lazarus group. The ill-gotten proceeds were connected to the infamous Axie Infinity hack in March – the largest hack in decentralized finance (DeFi) to date. How the...Read More
Avalanche-based DeFi staking platform – Nereus Finance – suffered a flash loan arbitrage attack. Decentralized exchange (DEX) Trader Joe and DeFi platform Curve Finance are also believed to have been impacted by the event that was executed around 3:26 pm ET on September 6. Both Avalanche and Nereus are yet to release an official statement...Read More
Decentralized exchange (DEX) Kyber Network has revealed that the attack vector responsible for last week’s exploit was successfully identified and removed. In the latest blog post, the platform notified the community that the KyberSwap website and UI were safe and that the attack was neutralized on the same afternoon of being picked up. Kyber’s Update...Read More
Famous American actor and comedian Bill Murray has become the latest victim of hackers, losing $185,000 worth of Ether (ETH) just a few hours after closing his non-fungible token (NFT) charity auction. According to on-chain data from Etherscan and additional information from Murray’s team, the hackers breached and started to drain the actor’s wallet at...Read More
Leading cryptocurrency exchange Binance has identified two suspects who may be responsible for the theft of $265,000 from decentralized exchange (DEX) protocol KyberSwap in an exploit earlier this week. Binance CEO Changpeng Zhao (CZ) disclosed the findings on Twitter today, noting that the company has shared the intel with KyberSwap and the appropriate law enforcement...Read More
In a public announcement on Monday, the Federal Bureau of Investigation (FBI) warned investors about security vulnerabilities in DeFi platforms. It also asked those who suspect that their investments have been stolen to approach the FBI through the Internet Crime Complaint Center (IC3) or the local FBI office. DeFi Vulnerabilities “Between January and March 2022,...Read More
Crypto security companies are raking in a fortune despite the bear market that has bloodied firms across the rest of the industry. Zeth Couceiro – founder of crypto recruitment company Plexus Resource Solutions – recently told Bloomberg that salaries for experienced blockchain auditors can run as high as $400,000 per year. Overwhelming Demand for Auditors...Read More
Ronin hackers have transferred the stolen assets from Ethereum to the Bitcoin network, according to new findings by blockchain investigator and developer ₿liteZero. Recall that after the Ronin bridge hack in March, the attackers moved the $625 million worth of USDC and ETH to Ethereum-based crypto mixer Tornado Cash, making it difficult for authorities to...Read More
It’s been a bad year for crypto so far – between large companies going under, a slew of cyberattacks, and – most importantly – the value of assets taking a nosedive, overall legitimate volumes have plummeted by 36% year over year., said Chainalysis. However, there is a silver lining – the illicit trading volumes have...Read More
