The blockchain-based poker system CoinPoker’s hot wallet had been hacked on 8th November which caused the loss of nearly 2000 ETH, or around 2 million USD. These attacks targeted wallets or access to a wallet bypassing wallet safeguards, and funnelling money through multiple transactions in an organized manner, that targeted Ethereum, BSC, and Polygon. Flight …
Back in 2019, something huge shook the crypto world. Upbit, one of South Korea’s top exchanges, got hacked. The hackers made off with 342,000 ETH, worth $50 million at the time. Crazy, right? Now, with Ethereum’s value shooting up, that same haul is worth over $1 billion. And here’s the shocking part—it was North Korea’s …
It was surely seen that cryptocurrency scams and hacks have risen to new peaks in the year 2024. Over $1.2 billion worth of crypto has been stolen from different blockchain platforms and centralized exchanges. Research by Rekt database shows control exploitation and phishing as the two dominant forms of attack indicating how these attacks are …
South Korea said North Korean hackers Lazarus and Andariel were behind the $50 million Upbit hack in 2019, with the stolen crypto now valued at over $1 billion.
The U.S. Department of Justice (DOJ) has recently charged five different people for their participation in a cryptocurrency hacker attack that cost them $6.3 million. The accused are associated with phishing groups, “0ktapus” and “Scattered Spider,” which targeted tech firms and crypto platforms employees; corporate sensitive data and cryptocurrencies were pondered in the case.Removing the …
The story of a user who unwittingly sent $129 million USDT to a phishing address and miraculously retrieved all the funds is truly unprecedented. Originally reported by Wu Blockchain, this case highlights the risks inherent in cryptocurrency transactions while presenting an extraordinary recovery scenario. How the Loss Happened The loss occurred when the user mistakenly …
The United States Department of Justice (DOJ) has announced the extradition of Evgenii Ptitsyn, a 42-year-old Russian national, from South Korea to face charges related to the Phobos ransomware. Ptitsyn is accused of playing a central role in the global ransomware operation, allegedly managing the sale, distribution, and deployment of malware that has impacted over …
A Decentralized Finance platform, Polter Finance, was scammed and lost around $8.7 million worth of cryptocurrency. The attacker took advantage of weaknesses and then employed Tornado Cash, a privacy-preserving mixer. As per PeckShield, the exploiter also moved 120 ETH ($192,402) to Tornado Cash to cover up their traces as their latest move. The Polter Finance platform …
Thala Labs, a DeFi platform working on the Aptos Blockchain; was able to restore the stolen $25.5 million of the liquidity pool stimulated by v1 farming contract vulnerability. The exploit, which came on the 15th of November, was resolved by contract halts as well as the freezing of $11.5 million in assets. With the help …
The cryptocurrency market is still struggling with increased attacks, which affect defi applications, smart contracts, and accounts in social networks. The last week has been terrible regarding the hacks and the financial damage exceeded over $30 million. From hijacking projects’ social media accounts or stealing public attention to smart contract hacks and sophisticated coding attacks, …
Giggle Academy’s X account which has been created by the Binance founder Changpeng “CZ” Zhao was breached leading to the posting of fake statements as well as links to phishing. He revealed that the hackers altered the name of the company’s CEO on the account, and posted misleading information. CZ said the breach was possible and …
Based on the data provided by CertiK alerts, 2024 has witnessed the enhanced use of phishing scams relating to Cryptocurrencies with the effects going off over $800 million. The highest number of incidents was seen in Q2 with the number reaching 67 and the month of May saw the highest volume of hacks with 25 …
Another Cryptocurrency platform Dexx was hacked and millions of USD worth of digital assets were stolen. It is stated by reports by the Mist track tracking platform that the stolen amount of the funds is shared in different addresses controlled by the hackers. The users are told to give up the danger and to evacuate their …
DEXX is addressing reports of unauthorized token transfers, and collaborating with security audit teams to resolve the issue. The team assures users there is no rug pull and will provide updates via in-site notifications, X, and Telegram. DEXX founder Roy (@honza204) has addressed the platform’s recent security breach, pledging to reimburse affected users while isolating …
Is MrBeast fraudulently deceiving his subscribers? Coffeezilla, known for investigating scams on YouTube, has arrived to answer this question. According to the report, MrBeast invited thousands of viewers onto the platform and urged them to invest in these dubious cryptocurrencies, and in so doing he may have engaged in insider trading and other manipulations. Personal …
As per the latest news, the official “X” handle of Dogewifhat memecoin has possibly been compromised. Users are reporting promotions of rug tokens on their official account. Notably, the account has been promoting crypto projects with a market capitalization of around $300,000. Following this, users are being cautious about not interacting with this account and …
For her role in the theft and laundering of around 120,000 bitcoin, Razzlekhan will receive her sentence on Nov. 18.
It is another blow for the Indian cryptocurrency exchange WazirX, with the Delhi Police arresting West Bengal-based SK Masud Alam who is thought to have been engaged in a serious hack according to indian news channel India Today. The cyber theft occurred in July and involved virtual currencies worth about Rs 2,000 crore ($230 million), …
Thai authorities recently shut down nine unauthorized Bitcoin mining farms, arresting two people from southern Thailand’s Surat Thani province. Both suspects, aged 30, were charged with theft, with alleged unlawful consumption of electricity of more than $280, 000 (10 million baht). It exemplifies a Rhodesian irrationality of unregulated business in the mining of bitcoins in …
Born in China with dual citizenship, Daren Li admitted to money laundering arising from the crypto scams, including the Pig Butchering investment fraud worth $73 million. Li, 41, took responsibility for money laundering, saying that he employed other companies and had US-based bank accounts which he used to conceal the source of the stolen funds …
A Giga Token holder has fallen victim to a phishing scam, losing a massive $6.09 million. The attack occurred when the individual was tricked into clicking a fake Zoom meeting link. The scammer, posing as a legitimate source, convinced the victim to share sensitive information, leading to the loss of millions in Giga Tokens. This …
On the 31st of October, M2 Exchange incurred a security loss resulting in the trading platform losing about $14 million in cryptocurrency. Since being labeled by the exploiter, the address has brilliantly washed 4,010 ETH, equivalent to approximately $12.8 million through Tornado Cash, a common cryptocurrency mixing platform as noted by PeckShield. The laundering move …
A previously dormant crypto exploiter of CoinStats came back to active laundering and transferring a large number of assets between the addresses and contracts according to the report by CertiK alerts. The event has caused concerns in the crypto space because the attacker involved used techniques to clean his/her coins and retain a large portion …
The DeFi liquidity protocol has already paused operations on Arbitrum and Avalanche blockchains as the team investigates the vulnerability.
This week has seen major cyber events targeting Metawin, a cryptocurrency gambling application and American rapper Wiz Khalifa’s Twitter account. These attacks have resulted in losses running to millions proving that there is still instability within the crypto and digital asset market. 1. Metawin Platform Hacked: $4 Million Stolen On the 4th of November 2024, …
Roman Sterlingov, the founder of Bitcoin Fog—a darknet cryptocurrency mixer—has been sentenced to 12.5 years in prison and ordered to forfeit $395.5 million. This follows his conviction on charges of money laundering, conspiracy, and operating an unlicensed money-transmitting business. Bitcoin Fog, which became popular among criminals, is believed to have handled over 1.2 million Bitcoins, …
CertiK Alerts, a cyber security firm, reported increased crypto security incidents in October 2024 excluding phishing, which was above the monthly average of 40 recorded in the year. Yet, damages were infrequent and relatively less in terms of money; the sum of $2.6 million was shown, the lowest recorded for the year 2024 up to …
Researchers have identified a new attack campaign tagged “Hidden Risk”, it exposed that state-sponsored hackers from North Korea have shifted gears towards attacking the crypto industry which they were linked to the Lazarus Group. Unlike what these hackers used to do by profiling their targets on social networking sites, they have now adopted very complex …
On a large-scale phishing attack, in which the bad actor was able to siphon off 55.4 million DAI from a wallet, now quickly changed part of the funds to 6,958.7 ETH, which is approximately $20 million and then split the amount into 10 other wallet addresses in what seems to be an attempt to wash …
An ex-employee of a Minnetonka-based e-commerce and payment processing organization known as Digital River has been charged for engaging in a cryptojacking scheme that was detrimental to the company. Assistant United States Attorney Andrew M. Luger spoke on the arrest of 44-year-old Joshua Paul Armbrust of Orr, Minnesota, who is alleged to have used a …