Bybit's Ben Zhou said that this week and the next are critical for freezing stolen funds as funds will start to clear on trading platforms.
MetaMask head of security, Taylor Monahan, said Lazarus has moved at least 209,384 ETH, over half the ETH stolen from Bybit, into BTC.
The crypto industry lost a further $1.53 billion in February due to hacks and exploits, representing a 20x increase month-over-month.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Lazarus appears to have compromised a Safe developer machine, allowing it to inject a highly-targeted script used to control Bybit's wallet.
Bybit is offering a 5% bounty to exchanges, mixers or anyone who helps freeze funds stolen by North Korea's Lazarus Group.
Chainflip's upgrade gives it authority to reject any deposit to the protocol, developed in an aim to filter out hacked funds from Bybit.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The exploit involved an attacker using compromised admin privileges on a smart contract, according to security analysts.
Bybit plans to release an audited proof of reserves report to verify that it has restored its client assets on a one-to-one basis.
Ethereum security researchers hackers deployed malware and then forced the multisig holders to "blind sign" a malicious transaction.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bybit, the Singapore-based centralized crypto exchange, has been hacked, according to its CEO.
Microsoft has unveiled its new quantum computing chip, Majorana 1, a breakthrough achieved after nearly 20 years of research.
The $85 million hack in January was likely perpetrated by an experienced group of hackers due to its sophistication, experts said.
Abstract reported a security incident described as a 'session key hack' targeting thousands of wallets interacting with Cardex.
The company provides security solutions for some of the largest crypto firms and projects including Coinbase and MetaMask.
The Abstract Chain wallet draining compromise appears to relate to connecting to the onchain fantasy game Cardex.
Peer-to-peer marketplace Huione Guarantee has become a go-to place for crypto scammers for infrastructure and money laundering.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Lending protocol zkLend acknowledged a hack resulting in a loss of over $9 million and requested the hacker to return 90% of it.
Sanctions on dozens of Russian centralized exchanges and a decline in onchain payments made by victims helped reduce extortion figures.
The crypto industry lost a further $73.9 million in January due to exploits, representing a ninefold increase month-over-month.
The disclosure was made after crypto sleuth ZachXBT wrote about the exploit in his “Investigations by Zach” Telegram channel.
More than $70 million worth of cryptocurrencies were drained from the platform, likely by a sophisticated group of actors.
The attackers now opt for more 'sophisticated' malware to target crypto investors via trading or airdrop groups on Telegram.
The security incidents occurred days after a researcher discovered a critical bug in a Virtuals Protocol audited contract, which was fixed.
The fake MOCA token on Solana exploited Animoca's links to Mocaverse and the Moca Network.
Crypto hackers had a busy year in 2024 and cybersecurity experts warn that continued advances in artificial intelligence could bring new attack vectors in 2025.
According to cybersecurity firm Recorded Future, North Korean hacker groups have stolen approximately $3 billion in funds since 2017.