Hacking

Bitcoin Defi Protocol Sovryn Gets Hacked for Over $1 Million

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...
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Beeple Discord Server Exploited by Hackers Attempting to Drain Wallets

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...
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Transit Swap Hacker Demands Higher Bounty After Returning Over $16M of Stolen Funds

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,...
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How a Bot Gained and Lost Over $1 Million of ETH in One Night

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....
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$160M Wintermute Security Exploit Could Have Been an Insider Job: Report

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...
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Hackers Breach Jason Falovitch’s Wallet and Steal NFTs, ETH Worth $150K

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...
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Profanity Exploit Continues as Hackers Drain Another 732 ETH From Crypto Wallet

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...
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Arbitrum Rewards Hacker With 400 ETH For Detecting a Critical $400M Vulnerability

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”...
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Crypto Market Maker Wintermute Hackers Drain $160M, Profanity Bug Suspected

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...
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Ethereum’s Vanity Addresses Drained of Over $3M Despite 1inch’s Warning

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...
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US Sanctions IRGC-Affiliated Hackers on Ransomware Charges

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...
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Law Enforcement Reclaims $30 Million From Axie Infinity Hack

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...
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Avalanche DeFi Staking Platform Suffers Flash Loan Attack

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...
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Kyber Network Hack Update: Attack Vector Removed, Affected Wallet Fully Compensated

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...
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Hackers Exploit Bill Murray’s Wallet to Steal $185K in ETH Intended for Charity

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...
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Binance Uncovers Two Suspects Tied to KyberSwap $265K Hack

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...
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FBI Cautions Investors About Risks of Cyberattack Against DeFi Platforms

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,...
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Crypto Security and Auditing Firms are Thriving During the Bear Market

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...
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Ronin Hackers Have Moved The Stolen $625M to Bitcoin Network: Report

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...
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Crypto Crime Dropped by 15% in 2022 Due to Bear Market: Report

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...
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Hackers Have Drained $1.4 Billion Worth of Crypto Since the Beginning of 2022 (Research)

According to a study conducted by Chainalysis, wrongdoers have stolen approximately $1.4 billion worth of digital assets between January 2022 and now. Targeting cryptocurrency bridges seems to have been a preferred method. Some examples of such attacks in 2022 include the exploit of the Horizon bridge, the $190 million breach on Nomad Bridge, and one...
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Binance Recovers 83% of Stolen Funds in Curve Finance DNS Attack

Leading cryptocurrency exchange Binance has helped recover crypto assets worth about $450,000 stolen from Curve Finance users. The funds represent about 83% of the total amount stolen from users.  Binance CEO Changpeng Zhao shared the update on Twitter today, noting that the Curve Finance hacker sent the assets to Binance using different techniques to bypass...
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Solana Wallet Slope Says no Evidence Linking Security Flaw to $4 Million Hack

Solana mobile wallet provider Slope Finance, said to be responsible for the recent multi-million dollar incident, has admitted to a security vulnerability while adding that there is no evidence linking the security flaw to the hack. This is despite the fact that Solana Labs researchers have fingered the wallet provider’s security lapses as the cause...
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Curve Finance Issues Warning About Compromised Front End Amid $570K Theft

DeFi liquidity pool giant Curve.Finance has suffered an exploit after malicious hackers attacked its front end, stealing cryptocurrency worth around $570,000. Paradigm security researcher “samczsun” alerted the community about Curve’s frontend compromise on Tuesday (August 9, 2022), warning people not to engage the protocol until further notice. 🚨🚨🚨@CurveFinance frontend is compromised, do not use it...
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Slope Wallets Assumed to Be the Culprit of the Solana Attack

Over the past few days, Solana users have suffered attacks by bad actors with several million dollars worth of crypto being stolen by unknown bad actors. At the moment, wallets are still being drained, albeit at a slower rate. Solana’s security team has spent its time looking for the breach point, and it seems the...
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ZB Crypto Exchange Reportedly Loses Nearly $5 Million in a Possible Hack

ZB.com seems to be the latest victim in a series of latest hack incidents, with potential hackers reportedly draining around $4.8 million from the cryptocurrency exchange’s hot wallet. The platform, which claims to be the most secure digital asset exchange in the world, was formerly based in China before relocating and setting up operations in...
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Hacker Returns $9M to Nomad After Draining Over $190M

Nomad exploit was one of the biggest cryptocurrency hacks in history. As a result, over $190 million worth of funds were drained. It was branded as “one of the most chaotic hacks that Web3 has ever seen.” PeckShield has detected the recovery of $9 million in different crypto-assets to the cross-chain bridge. As per the...
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Thousands of Wallets Compromised in Ongoing Solana-Based Hack

The hackers have targetted Solana users with millions of funds being drained from thousands of wallets. On-chain data shows that, so far, the losses have been estimated to be around $8 million from over 7,000 compromised wallets. This number has been rising at around 20 per minute, according to Ava Labs CEO and founder Emin...
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North Korean Hackers Flood the Crypto Job Market With Plagiarized Resumes

Due to a longstanding embargo on the North Korean regime, local authorities have made headlines countless times for unusual – and often illegal – ways to gather funds. From hacking regular banks to farming in-game currencies via botting, the methods range from essentially harmless to downright threats to national security. Crypto Markets Targeted In Full...
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Nomad Bridge Suffers $190M Loss in Chaotic Copy-Paste Attack

In the early hours of August 2, Nomad bridge posted an alert that it was aware of an ongoing exploit. In the following hours, the entire protocol’s funds of more than $190 million were drained. Crypto community developer and white hat ‘samczsun’ broke down the chain of events, explaining what happened. He labeled the attack...
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