The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Derivatives traders brace for further ether downside in the wake of the Bybit hack, which resulted in $1.5 billion worth of ETH being stolen.
Infini, a stablecoin-focused neo-bank, suffered an exploit that resulted in a loss of approximately $49.5 million in USDC. Blockchain security firm Cyvers detected the breach less than a day after the platform celebrated reaching a $50 million total value locked (TVL) milestone. Blockchain analytics firm Lookonchain reported that the attacker swiftly converted the stolen USDC […]
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Bybit CEO Ben Zhou confirmed that the exchange restored Ethereum (ETH) reserves following the recent $1.4 billion security breach. In a Feb. 24 post on X, Zhou announced that Bybit will soon release an updated proof-of-reserves report demonstrating that it now holds client assets 1:1. He stated: “Bybit has already fully closed the ETH gap, […]
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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.
The exchange declined to block addresses flagged by Bybit as receiving stolen funds from its recent $1.4 billion hack.
The recovery marks the most significant recovery from a Lazarus Group attack since $30 million was clawed back from the Ronin bridge hack.
Recoveries from hacks by the Lazarus Group are rare, but possible: $30 million was recovered from the group's hack of the Ronin Bridge.
The North Korean-linked Lazarus Group has adopted a new method of breaching crypto firms: sending cryptocurrency to their targets as part of an elaborate social engineering scheme. According to 23pds, the pseudonymous Chief Information Security Officer (CISO) at Web3 security firm SlowMist, this tactic aims to gain the victim’s trust before deploying malicious code. 23pds […]
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Ethereum security researchers hackers deployed malware and then forced the multisig holders to "blind sign" a malicious transaction.
The crypto exchange ByBit has been hacked, and roughly $1.5 billion in Ethereum (ETH) has been stolen — making this one of the biggest hacks in history. On Feb. 21, the crypto trading platform stated on social media platform X that it detected unauthorized activity involving one of its Ethereum cold wallets. According to the firm: “The incident occurred […]
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"ZachXBT submitted definitive proof that this attack on Bybit was performed by the LAZARUS GROUP," Arkham said in a post to X.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Elliptic, Flashbots and Binance founder CZ all reacted to Bybit's apparent $1.4 billion hack, perhaps the largest crypto theft of all time.
Bybit, the Singapore-based centralized crypto exchange, has been hacked, according to its CEO.
The $85 million hack in January was likely perpetrated by an experienced group of hackers due to its sophistication, experts said.
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.
ZkLend, a decentralized lending protocol on Starknet, has confirmed an exploit on its platform and urged the attacker to return stolen funds. While the platform has not disclosed the exact amount taken, blockchain security firm Cyvers estimates the loss at approximately $9.5 million. Bounty offer In a Feb. 12 post on X, the lending protocol […]
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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.
Four.Meme, a memecoin launchpad on the BNB Chain, has suspended its Liquidity Provider (LP) on PancakeSwap after detecting a malicious exploit targeting its system. The team confirmed the attack on Feb. 11 and assured users that steps were being taken to resolve the issue. The platform halted its token LP to prevent further damage while […]
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The majority of scams involved gaining access to notable people's social media accounts through social engineering.
In a series of now-deleted posts, Jupiter’s X account promoted what appeared to be a scam memecoin with the ticker $MEOW.
Sanctions on dozens of Russian centralized exchanges and a decline in onchain payments made by victims helped reduce extortion figures.
WazirX creditors will decide in the coming weeks whether to begin receiving compensation for their lost crypto as early as April 2025 or face a prolonged recovery process that could extend to 2030. The vote follows a Singapore High Court ruling allowing the embattled Indian exchange to pursue a restructuring plan rather than face liquidation. The […]
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Blockchain security firm Scam Sniffer reported that crypto phishing scams drained $10.25 million from 9,220 victims in January, marking a 56% decline from December’s $23.58 million in losses. However, the report notes that the bad actors have been evolving and implementing more sophisticated attack methods. Ethereum users targeted According to Scam Sniffer, Ethereum users were […]
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A federal court in New York unsealed on Feb. 3 a five-count criminal indictment against Andean Medjedovic for allegedly exploiting KyberSwap and Indexed Finance to steal $65 million. Medjedovic has not been apprehended by law authorities as of Feb. 3 and remains at large. According to a statement from the US Department of Justice, Medjedovic […]
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