Wazirx, one of the biggest Indian crypto exchanges, is still in hot waters. In the aftermath of the massive $234 million hack that hit WazirX, the Indian cryptocurrency exchange is facing intense scrutiny and significant challenges. With over 43% of customers’ funds at risk, the road to recovery seems long and uncertain. Let’s break down …
August 2024 was a very eventful time in the cryptocurrency industry where multiple major hacks were recorded and according to the latest peckshield report, the industry lost $313.86 million in the process. The five most common incidents were largely rooted in phishing and unauthorized transfers and exposed the biggest weaknesses of the crypto market. Largest …
More than 40 countries stood with the United States and South Korea at the symposium in New York City to address the continually escalating cyberattack threatening countries by North Korea, particularly the act of stealing and laundering cryptocurrency. Organized by the U. S Department of State Bureau of Democracy, Human Rights and Labor and Korea’s …
Last week has been rather chaotic regarding crypto, with different incidents that directly impacted individual investors, large companies and various exchanges. From the recent phishing attack of 55 million dollars to the recent high-profile social media hijacker incident to the present attempt to recover lost funds, the frailties in the crypto realm are evident. Here …
Scammers are becoming highly active in the crypto world. We have already seen multiple hacks this year. In a latest exploit a crypto whale lost $55.47 million in DAI stablecoins to a phishing attack. The loss happened as the whale signed an unrecognized transaction. This event has raised concerns about the growing risks of scams …
The bot that became infamous for targeting decentralized finance (DeFi) protocols under the name of Jaredfromsubway. eth is back with totally new and more evolved techniques reports Eigen. fi. This bot, earlier ranked among the three biggest traders on Uniswap, has been using one specific contract address to perform its profitable ‘sandwich’ attacks where transaction …
Amid the ongoing crypto market volatility and midterm uncertainty, a Web3 user has fallen victim to a phishing attack, resulting in more than $55 million loss. According to an on-chain data analysis conducted by Certik Alert, the attacker, alias Fake_Phishing187019, minted 55,473,618 Dai tokens and immediately began laundering them through different channels. Reportedly, the attacker …
Google allegedly dragged its feet when taking down a crypto scam app, allowing the app to do over $5 million in damage, according to a proposed lawsuit.
Google allegedly dragged its feet when taking down a crypto scam app, allowing the app to do over $5 million in damage, according to a proposed lawsuit.
In a recent revelation, ZachXBT, an on-chain blockchain investigator, identified a rather complicated crypto scam that led to the loss of $1. 3 million from a project’s treasury. The prober discovered the origin of the breach lay in the code injected by the developers who were later identified to be North Koreans working for the …
WazirX has revealed plans to transfer the remaining crypto funds from Liminal to new multi-sig wallets. This has been taken to add to the level of protection of assets after the July 18 $230 million hack. Even so, WazirX’s interfaces and systems are considered safe; Liminal’s, however, are an issue in the aftermath of the …
CertiK alerts have reported and identified a serious security issue of Vowcurrency. The attack resulted in the loss of significant assets like 175 ETH, 595,970 USDT, and 5,801,632 VOW tokens. The attacker took advantage of a recent change in the vUSD conversion rate from 1 to 100 per VOW token. This manipulation allowed the attacker …
As an irony of fate would have it, the founder of WazirX which was recently targeted by hackers for misuse of customers’ cryptocurrency is himself heading a massive bug bounty for another firm he is associated with. Roughly at the same time when $230M was stolen at WazirX, Shetty launched a $1M bug bounty for …
Some vulnerabilities in Euler v2 were found and resolved, and a subsequent $1.25 million bug bounty contest found no vulnerabilities of medium or greater severity.
The flaw consisted of missing interprocess validations, which could have allowed an attacker to hijack the 1Password browser extension or command line interface.
Nexera, a blockchain infrastructure protocol that focuses on tokenization, has suffered an exploit with $1.5 million being stolen, according to blockchain security firm Cyvers.
Indian crypto exchange CoinDCX's co-founder Sumit Gupta has told CoinDesk that his company has established an investor protection fund, saying that if other exchanges did this too "it would be better for the eco system."
Hackers who attacked the Nomad Bridge found themselves in a winning position as they so answerably bought Ethereum ($ETH) at the lowest price on the market. This large movement was seen as the exploiters invested 39. 75 million $DAI to purchase 16,892 $ETH, which they further sent to Tornado Cash, a cryptocurrency mixer as reported …
Dark days for the crypto community as major hacks have unveiled numerous weaknesses in various broad venues. The exploits have not only been costing pretty tangible financial repercussions but have also caused trust deficits in these platforms. Tune in with us as we work and bring them out for you in our week’s hack report! …
WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges are going to be crucial, as it remains open to everything possible to help solve this situation. WazirX is effectively closed after the exchange stopped trading and withdrawals after the hack on July 18. The co-founder said that they are trying everything and …
WazirX, an Indian crypto exchange that recently lost $230M via a fraudster hack, has elicited criticism for its planned response, passing the losses down to the users. As complaints and dissatisfaction continue to increase, WazirX has sought help from its previous partner – Binance to help it come up with a means of compensating the …
Indian cryptocurrency exchange WazirX is facing industry and customer heat for its "Withdrawal Management Programme: Opinion Poll" in the aftermath of the $230 million hack, 45% of its user funds, it suffered earlier this month.
It looks like crypto hackers have become very active this month. We have already seen a few Crypto hacks in the previous weeks of this money. Another breach in security of a crypto project strikes the crypto community on July 27. Casper Network the New Crypto Victim The evening of July 27 sent the crypto …
The exchange received emails from Liminal with the correct destination addresses, implying that Liminal’s system was breached, WazirX claimed.
The post Sorta Finance Likely Planning Exit Scam on Arbitrum, Warns ZachXBT appeared first on Coinpedia Fintech News
A DeFi project known as Sorta Finance based in the Arbitrum network is currently in the eye of the law after being accused of being an exit scam by crypto sleuth ZachXBT. Community Alert: @Sorta_Finance is likely to exit scam on Arbitrum in the future so do not use the protocol.This scammer has previously stolen …
An attacker appears to have installed a token-draining program on the official domain for dYdX version 3.0.
Compromised WazirX devices provided “legit transaction details” to Liminal’s network, allowing the attacker to drain the exchange’s funds, the MPC provider claimed.
Compromised WazirX devices provided “legit transaction details” to Liminal’s network, allowing the attacker to drain the exchange’s funds, the MPC provider claimed.
The post WazirX Hack : $235 Million Stolen in Major Cyberattack appeared first on Coinpedia Fintech News
Cyvers Alerts took to X and stated that the firm has detected “multiple suspicious transactions” involving WazirX’s Safe Multisig wallet on Ethereum. According to the post, a total of $234.9M of funds have been moved to a new address and each transaction’s caller is funded by TornadoCash. The suspicious address has already swapped Pepe (PEPE), …
Decentralized finance (DeFi) platform LI.FI protocol has been hit by an exploit worth around $8 million following a series of suspicious withdrawals, on-chain data shows.