United States District Judge sends former security engineer to jail
A former security engineer Shakeeb Ahmed has been sentenced to three years in prison. Ahmed was convicted of hacking and stealing funds worth $12 million from two decentralized exchanges. Additionally, United States District Judge Victor Marrero also ordered him to forfeit about $12.3 million. United States District Court sends hacker to prison According to the […]
Nearly $100M in crypto hacks recovered in March, says PeckShield
Blockchain security firm PeckShield reported a significant recovery of stolen digital assets in March. The firm’s data shows that nearly $100 million of the $187 million lost to crypto hacks has been reclaimed. March witnessed over 30 hacking incidents, making the recovery of 52.8% of the stolen funds a notable achievement. This recovery underscores the […]
The Remilia Hack: A Blow to the Milady Community
In a startling turn of events, the Remilia project, which was spearheaded by its founder Krishna Okhandiar, known in the digital realm as Charlotte Fang, has become the latest victim of a significant security breach. The incident, which has led to the unauthorized transfer of substantial amounts of ether and various NFTs, has sent shockwaves […]
Tornado Cash used by Lazarus group despite sanctions
The Lazarus Group, identified with North Korea, has resumed activities involving the cryptocurrency mixer Tornado Cash. Analytics firm Elliptic has highlighted on-chain activity showing the group transferring $12 million worth of cryptocurrency. These funds, derived from hacks, moved into Tornado’s wallets on March 13. The Lazarus Group’s actions come despite sanctions against the crypto mixer. […]
Decentralized crypto exchange FixedFloat confirms $26 million hack
In a recent turn of events, FixedFloat, a decentralized cryptocurrency exchange, has acknowledged a significant security breach resulting in the theft of approximately $26 million worth of Bitcoin and Ether. Users began reporting stalled transactions and fund losses as early as February 17, prompting concerns among the exchange’s community. Confirmation of hack and response After […]
Hacken uncovers links in Ripple chairman’s $112.5M XRP hack
In a recent development that has sent ripples through the cryptocurrency community, Hacken, a blockchain analytics platform, has reported a significant security breach involving Chris Larsen, the co-founder and chairman of Ripple. On January 31, Larsen disclosed that his wallets were compromised, leading to a loss of 213 million XRP, valued at approximately $112.5 million […]
Ripple CEO denies wallet compromise amid security rumors
In a recent statement on X, Ripple CEO Brad Garlinghouse addressed what he called “irresponsible speculation and reporting” surrounding the security of wallets managed by Ripple. Garlinghouse firmly stated, “NO Ripple-managed wallets were compromised. Full stop.” This clarification comes from a security breach involving Ripple co-founder Chris Larsen’s personal XRP accounts, leading to significant cryptocurrency […]
Bitcoin ATM flaw allows hackers unprecedented access
A recent revelation has shed light on a significant vulnerability in Bitcoin ATMs provided by Lamassu Industries. This flaw, if exploited, could have allowed hackers to gain complete control over these machines, posing serious risks to users’ funds and personal information. Bitcoin ATM flaw risked users’ wallets Security experts from IOActive, a well-known cybersecurity firm, […]
Ukraine arrests cryptojacker in major Europol joint operation
In a significant breakthrough in the fight against cryptocurrency-related cybercrime, Ukrainian authorities, with support from Europol, have arrested a 29-year-old individual accused of a large-scale cryptojacking operation. The operation on January 9 in Mykolaiv, Ukraine, resulted from collaborative efforts between Europol and an undisclosed cloud service provider. Ukraine busts major cryptojacking operation The suspect, whose […]
Wise Lending loses over $400,000 in a flash loan attack
In a recent turn of events, Wise Lending, a Web3 lending app and yield aggregator, found itself at the center of an exploit on January 12, resulting in the loss of 170 Ether. This amounted to $440,000 at current market prices that Wise Lending lost, shedding light on the persistent vulnerabilities within decentralized finance (DeFi) […]
Orbit Bridge, hacked for $82 million in major crypto breach
In a significant security breach, hackers have successfully targeted Orbit Bridge, a key component of the Orbit Chain protocol, resulting in a substantial financial loss. The incident unfolding just hours before the New Year has prompted widespread concern across the cryptocurrency community. Orbit Chain and Klaytn network connections The exploit, first brought to light through […]
Compound Finance suffers a breach of its X account
In a recent security breach, the X account linked to the decentralized finance (DeFi) protocol Compound Finance, previously known as Twitter, fell victim to a significant hack. Both Scam Sniffer and Officer’s Notes, X accounts specializing in security matters, reported that the compromised account was actively promoting a deceptive phishing site. Compound Finance X account […]
Thunder Terminal thwarts $240,000 hack attempt, assures user funds are safe
In a recent incident, Thunder Terminal, the on-chain trading platform, successfully thwarted an exploit that compromised 114 wallets, resulting in losses of $240,000. The attacker, however, has disputed Thunder’s claims of user data safety, demanding a ransom for the purportedly affected information. The exploit and losses On December 27, Thunder Terminal issued an incident report […]
Charles Hoskinson ponders recruitment of teen who hacked Nvidia
In a recent turn of events, Charles Hoskinson, the founder of IOG and the Cardano blockchain, engaged in a light-hearted Twitter exchange regarding Arion Kurtaj, an 18-year-old hacker associated with the notorious group Lapsus$. This interaction comes after Kurtaj’s recent high-profile cyber-attacks on major technology companies. Teen hacker’s bold cyberattacks Arion Kurtaj, an Oxford-based teenager […]
Ledger promises to reimburse users affected by its Connect Kit exploit
Ledger, a prominent hardware cryptocurrency wallet provider, recently announced its commitment to reimbursing all users affected by the Ledger Connect Kit exploit. In the wake of the incident, the company acknowledged that approximately $600,000 worth of assets had been impacted or stolen through blind signing on Ethereum Virtual Machine (EVM) decentralized applications (DApps). Ledger assures […]
BAYC and MAYC NFTs reclaimed after $267K bounty payment
In a remarkable turnaround, all stolen Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) nonfungible tokens (NFTs) have been recovered following a major security breach on the peer-to-peer trading platform NFT Trader. The incident on December 16 resulted in the theft of NFTs valued at nearly $3 million. However, thanks to the […]
Shakepay reveals the details of its platform breach
Shakepay, a Canadian cryptocurrency app, recently disclosed a data breach that occurred on December 13, 2023. The breach involved unauthorized access to the personal information of a specific group of customers but did not impact bank accounts, crypto wallets, or customer credentials. The breach was detected after unusual activity was observed on an employee’s work […]
Tether freezes wallet after Ledger ConnectKit hack incident
In a significant development within the cryptocurrency sector, Tether, the organisation behind the prominent USDT stablecoin, has taken decisive action against a cyberattacker. This response came after the attacker exploited a vulnerability in the Ledger ConnectKit library, leading to substantial fund drainage from various decentralized finance (DeFi) protocols. Tether’s Chief Technology Officer, Paolo Ardoino, announced […]
Chainalysis reveals new method deployed by crypto romance scammers
Cryptocurrency romance scammers have recently employed a novel tactic known as targeted approval phishing, as outlined in a December 14 report by Chainalysis. This technique has witnessed significant growth over the past two years, resulting in suspected stolen crypto amounting to at least $374 million in 2023. Chainalysis researchers reveal details of the new method […]
Insomniac Games suffers ransomware breach
Insomniac Games, renowned for titles like Spider-Man 2 and the Ratchet & Clank series, has recently fallen prey to a cyberattack orchestrated by the Rhysida hacker group, according to reports. Allegedly, the hackers are demanding a ransom from the platform, with the initial asking price set at 50 Bitcoin, equivalent to over $2 million. Hackers […]
OKX DEX hit by security breach, vows to reimburse users
In a recent development that has sent ripples across the cryptocurrency community, OKX DEX, a popular decentralized exchange, confirmed a significant security breach. This incident has resulted in substantial financial losses and raised serious concerns about the safety protocols in decentralized finance (DeFi). OKX DEX cyberattack exploits outdated contract OKX DEX, a Web3 aggregator known […]
North Korean hackers stole $3 billion in six years
North Korean hackers have reportedly seized approximately $3 billion in cryptocurrency since 2017, with over half of that amount taken in the past year alone, according to a report by United States cybersecurity firm Recorded Future. The findings reveal that this staggering sum represents roughly half of North Korea’s entire military expenses for the year. […]
23andMe reveals the extent of the recent hack on its platform
23andMe recently disclosed a data breach wherein hackers gained unauthorized access to approximately 14,000 customer accounts, constituting 0.1% of its extensive customer base. This incident, unveiled in early October, highlighted the exploitation of a technique known as “credential stuffing,” where hackers infiltrate an account by utilizing a known password, potentially leaked from other breaches. 23andMe […]
Okta confirms additional user data breach in a recent hack
Okta, a prominent player in the U.S. access and identity management sector, recently disclosed a significant security breach that compromised the data of all its customers. Contrary to initial reports in October, where the platform stated that only around 1% of its customers (about 134 organizations) were affected, the company now confirms that the breach […]
HTX enables deposits and withdrawals after its $30 million hack
HTX, previously known as Huobi, has successfully reinstated Bitcoin deposits and withdrawals after a debilitating $30 million exploit on November 22. This cryptocurrency exchange, linked to entrepreneur Justin Sun, announced the resumption of functionality for several currencies, including BTC, Ethereum, Tron, and USDT, as outlined in a blog post on November 26. Justin Sun highlights […]
Bitcoin ATM operator Coin Cloud suffers severe data breach
Coin Cloud, a prominent Bitcoin ATM operator, has fallen victim to a significant security breach in a recent development that has shaken the cryptocurrency world. Hackers, whose identities remain unknown, have reportedly seized control of Coin Cloud’s backend system source code and accessed sensitive customer data, including 70,000 client selfies and personal details of around […]
Rug pulls claim 65% of Q3 crypto hacks, hacken notes
Hacken, a significant blockchain security auditor, recently unveiled startling insights into the pervasive world of cryptocurrency rug pulls. In its latest report released on October 25, the firm highlighted that these types of exit scams, known for their sudden liquidity withdrawals after token pumping, are less stealthy than presumed. Notably, they contributed to 65% of […]
Fantom Foundation was hacked for $6.7 million
Fantom Foundation is a well-known player in the decentralized market, and it has recently been a victim of hacking. The breach was a result of an attack by a fake phishing account that drained the foundation of its millions. The growth of cryptocurrencies has brought about escalated cybercrimes that have been a challenge since their […]
Mixin Network extends $20M bug bounty amid breach
Mixin Network, a renowned cross-chain service, has extended a $20 million bug bounty reward to the alleged attacker who reportedly pilfered $200 million from its users over the weekend. This development has sent ripples through the blockchain community, highlighting the vulnerabilities inherent in the burgeoning technology. Users of the platform owned the majority of the […]
HTX Global faces $7.9M loss in major security breach
HTX Global, a renowned cryptocurrency exchange, reported a loss of $7.9 million. The vigilant monitoring system of Theo CyversAlerts first flagged this incident. Consequently, concerns about the safety of bitcoin exchanges are now more pronounced than ever. Huobi Global, another major player in the Bitcoin industry, was involved in a transaction with HTX Global. However, […]
NFT marketplace OpenSea hit by third-party breach
OpenSea, the renowned multi-blockchain NFT marketplace, has reportedly experienced a compromise in its API, attributed to a breach by an unidentified third-party vendor. This incident has raised substantial security concerns, prompting urgent notifications to platform users. OpenSea is a pivotal player in the NFT marketplace, facilitating transactions across multiple blockchains. However, on September 23, 2023, […]
North Korean hackers use Russian exchanges to move stolen crypto
Recent data reveals alarming trends in the world of cybercrime. On September 14, Chainalysis, a leading on-chain analytics firm, estimated a staggering $3.54 billion in stolen bitcoin. Besides pinpointing the culprits, the report sets the spotlight on North Korea. The country is escalating its illicit activities in the cyber realm. Moreover, it appears to be […]
CoinEx faces a major security breach with $27 million estimated loss
CoinEx, a renowned cryptocurrency exchange, recently faced an alarming security breach. On September 12, the exchange witnessed massive outflows to a previously inactive address. Experts in the field quickly raised red flags, suspecting a potential hack. Cyvers Alerts, a trusted blockchain security platform, estimated the damage at a staggering $27 million. Around 1:21 p.m. UTC, […]
Balancer protocol suffers $900,000 loss in latest exploit
In a recent incident, the Ethereum-based automated market maker and decentralized finance protocol, Balancer, fell victim to an exploit that resulted in the loss of nearly $900,000. The breach occurred shortly after the protocol had disclosed a vulnerability affecting multiple pools. Balancer confirms vulnerability breach The security breach was confirmed on social media platform X […]
RocketSwap labs suffers $865K breach; Unveils recovery plan with new farm contract
RocketSwap Labs found itself grappling with a significant security breach on August 14, resulting in the loss of a staggering $865,000, equivalent to 471 Ether (ETH). Acting swiftly, the company unveiled its emergency recovery plan to mitigate the breach’s aftermath. The gravity of the situation prompted RocketSwap Labs to divulge their strategic maneuver: a relaunch […]
Libbitcoin Explorer’s Version 3.x faces severe security breach, users’ funds endangered
Blockchain security firm SlowMist has issued a cautionary blog post alerting users to a critical vulnerability within version 3.x of the widely-utilized Libbitcoin Explorer. This vulnerability has raised concerns about the security of various cryptocurrency wallets and reportedly resulted in an approximate loss of $900,000, as reported by Milk Sad. Interestingly, this blog post draws […]
LeetSwap pauses trading as hackers allegedly siphon over $630k in ETH
Due to potential security breaches, the decentralized cryptocurrency exchange, LeetSwap, temporarily suspended its trading operations on August 1st. The suspension comes from suspicions that hackers infiltrated the exchange’s liquidity pools. To tackle the situation, LeetSwap revealed on Twitter that it is collaborating with on-chain security experts. This partnership aims to retrieve the funds currently frozen […]
Multichain loses another $103 million in a potential rugpull
In what is being considered one of the largest cryptocurrency hacks to date, cross-chain bridge Multichain fell victim to a devastating breach resulting in the loss of $125 million. Recent reports from blockchain data firm Chainalysis suggest that the exploit may have been an inside job, leaving the cryptocurrency community stunned and searching for answers. […]
Arbitrum’s Rodeo Finance falls victim to $1.5 million hack attack
Decentralized Finance (DeFi) platform Rodeo Finance, operating on the Arbitrum network, has fallen prey to a flash phishing attack, resulting in a loss of approximately $1.5 million or 810 Ethereum (ETH). The security firm PeckShield quickly detected the audacious $1.5 million heist. Analyzing on-chain data, PeckShield uncovered the movement of stolen funds from Arbitrum to […]
Atomic wallet heist: hackers utilize THORChain to mask $35 million stolen funds
In a shocking revelation, blockchain detective MistTrack has unveiled the masterminds behind the audacious $35 million theft from Atomic Wallet. The perpetrators, exhibiting unparalleled expertise in the field, cunningly employed the cross-chain liquidity protocol THORChain to obfuscate their illicit activities and launder the stolen funds. MistTrack’s meticulous analysis uncovered a series of intriguing transactions that […]
