Solana network’s Crema loses $8.78M to flash loan exploit
Solana-based liquidity protocol Crema Finance resulted in the loss of about $8.78 million worth of cryptocurrencies in a hack, according to developers. According to the firm, it halted its smart contract after the exploit. The protocol enables liquidity providers to establish price ranges, add single-sided liquidity, and conduct range order trading. This is a sophisticated […]
Hackers threaten to release Finland psychotherapy records for cryptocurrency
Hackers threaten to release psychotherapy records in Finland if cryptocurrency is not delivered. A Finland psychotherapy institution received threats from criminals for $584 worth of cryptocurrency within 48 hours. The consequence of not listening to the lawbreakers would be the release of medical records. Hackers threaten to release Finland psychotherapy records for cryptocurrency Hackers threaten […]
Ronin hack: Approximately 173600 Ethereum stolen from blockchain project
TL;DR Breakdown • Blockchain project is looking for crypto criminals.• Ronin reports locking their system for security. The crypto market seems to suffer a new cyberattack. This time, the Blockchain project named Ronin was the victim of a cyberattack where $ 615 M was extracted, according to what its manager indicates. This attack would be […]
Qubit Finance losses $80M in latest DeFi exploit
TL:DR Breakdown: About $80 million in crypto assets were stolen from Qubit Finance’s bridge. The hacker exploited an error in the protocol’s code to mint and borrow assets with zero funds deposited. All the assets are still in the hacker’s wallet, and Qubit team has reached out to Binance and other security partners on the […]
Whitehat hacker hits Multichain protocol, returns 259 ETH
TL;DR Breakdown White hat hackers hit Multichain protocol. Hack followed report that users could be exploited, Hackers swamped the platform. White Hat hacker broke in to ensure funds were kept safe. A white-hat hacker has returned 259 Ethereum (around $900,000) after draining the coffers of Multichain users. Multichain is a cross-chain router protocol that bridges […]
Crypto industry loses $9.8bn to hacks, ransomware attacks in 2021
TL;DR Breakdown $8.89bn lost to crypto hack in 2021. Bulk of hack was on DeFi industry. SlowMist Technology, a Chinese cybersecurity firm, has revealed that the crypto industry lost a whopping $9.8 billion dollars to crypto hacks and ransomware attacks. The firm made the disclosure in its yearly report. This year’s report was titled ‘Review […]
Bitmart exchange hacked: 48 digital assets worth over $150 million stolen
TL;DR Breakdown: Bitmart exchange was hacked for $150 million worth of crypto. 48 tokens across the platforms Ethereum and BSC hot wallets were affected. All withdrawals on Bitmark is suspended until further notice. Popular crypto exchange BItmart has suffered a massive security breach on Saturday. The company’s CEO confirmed that hackers got away with $150 […]
Google Alert: Cloud accounts are targets for malicious cryptocurrency miners
TL; DR Breakdown Google has informed users about hackers using the cloud for mining cryptocurrency. The deviants target ill-secured accounts for easy takeover. The hackers only use approximately 22 seconds to download the crypto mining software. Google is alerting clients about destructive people who hack google cloud accounts to mine cryptos. The cloud can access […]
2FA authentication? Beeple’s Discord compromised with a fake NFT drop
TL; DR Breakdown Hackers forge Beeple’s announcement to coincide with the next one. Several fans thought they were up for a better-priced NFT drop. Beeple’s users have lost almost 40 ETH after the popular digital artist official Discord channel of Mike Winkelmann was compromised. The perpetrators posted an NFT auction in the artist’s name. The […]
Hackers compromise the Chivo BTC Wallet configuration system
TL; DR Breakdown Hackers are using El Salvadorans wallets through the new Chivo Wallet to commit fraud. Hackers are also targeting the free bitcoin from the administration. Recent reports have revealed that hackers are impersonating several El Salvadorans. Earlier last month, El Salvador made history by becoming the first economy to introduce Bitcoin (BTC) legal tender. The […]
CoinMarketCap hack leaves 3.1 million email addresses compromised
TL: DR Breakdown A recent hack on the crypto tracking service, CoinMarketCap, leaves 3.1 million users’ email addresses exposed. CoinMarketCap announced that the breach did not come from its servers. It continues to encourage users to employ reasonable cybersecurity measures. A report from Have I Been Pwned on October 23 revealed a CoinMarketCap hack that happened earlier […]
Cream Finance hacker returns stolen funds
• The decentralized Finance platform was hacked and lost over $34 million.• Cream Finance has had security problems since the beginning of the year. Cream Finance, a decentralized finance network, was hacked a few weeks ago, with an unusual situation happening in which the hacker returned part of the stolen money. At the end of […]
Cream Finance loses $25 million in another security breach
TL;DR Breakdown Cream Finance has suffered another security breach that drained about $25 million in AMP and ETH. The incident was a result of a “reentrancy bug” on AMP token contract. For the second time in six months, popular decentralized lending protocol Cream Finance has suffered another attack due to a “reentrancy bug,” according to […]
Liquid Exchange loses over $80 million digital assets in latest attack
TL;DR Breakdown: Liquid Exchange has reportedly lost over $80 million worth of assets to hackers. The exchange says its cold wallet wasn’t affected, and investigations are ongoing. Institutional-grade cryptocurrency exchange, Liquid Global Exchange, has reportedly lost over $80 million worth of digital currencies, including Bitcoin (BTC) and Ether (ETH), in the latest security breach. The […]
Poly Network attackers return stolen crypto funds worth $611 million
TL;DR Breakdown: Poly Network attackers have begun returning the funds stolen from the protocol. So far, about $2 million in crypto has been returned to Poly Network. On Tuesday, the crypto industry witnessed what seems to be the largest DeFi theft in history, with over $600 million in digital assets stolen from Poly Network, an […]
Monero bug: Developers warn of ‘significant bug’ that can impact users’ privacy
TL;DR Breakdown: Monero developers have discovered a bug that can impact the users’ privacy. Users have been instructed to wait longer before spending newly received XMR to curb the impact of the Monero bug. Monero developers just learned about a flaw in the privacy coin’s “decoy selection algorithm,” which can impact the privacy of users […]
American beef firm forced to pay $11M in Bitcoin to ransomware hackers
TL;DR Breakdown JBS Holding pays ransom to regain control of their system from hackers Ransomware hacks becomes a growing concern for U.S Biden government takes measure American beef firm and the world’s largest meat producer, JBS Holdings, have paid $11 million in Bitcoin to ransomware hackers of its plant. Reportedly, they made the payment to […]
Black-hat hackers hit DeFi aggregator on launch day
TL;DR Breakdown Black-hat hackers hack ForceDao project on launch date. How hackers hit DeFi project. New Ethereum decentralized finance project, ForceDao has been left wounded after it was hit massively by black-hat hackers some hours after its launch. Several million were moved out of the platform until a whitehat hacker discovered the bug. The developers […]
Buggy contract: DODO loses $3.5 million in recent attack
TL;DR Breakdown Several DODO V2 Crowdpools have been exploited, resulting in the loss of about $3.5 million. The exchange expects to recover about $1.8 million of the drained funds. One of the leading decentralized exchanges (DEX), DODO, has confirmed an attack today that resulted in the loss of millions of dollars from some of its […]
Verge suffers massive block reorg attack, 200-day transaction history wiped
TL;DR Breakdown Verge network suffered a massive block reorg attack late Monday. The incident resulted in the loss of 200 days of transaction history on the network. For the first time in 2021, a cryptocurrency has suffered a massive block reorg (or blockchain reorganization) attack. This starts with Verge (XVG), a decentralized open-source digital currency […]
Blockfolio allegedly breached as users receive offensive messages
TL;DR Breakdown: Crypto tracking platform, Blockfolio has been breached. Users complained of receiving offensive messages, which are apparently not from the team. However, they have assured users that all funds are safe as they work to resolve the issue. Digital currency management and tracking application, Blockfolio is suspecting a breach, as users are raising complaints […]
Experts detect crypto-mining malware targeting Kubernetes clusters
TL;DR Breakdown Security experts have detected a new crypto-mining malware targeting Kubernetes clusters. The malware is believed to be from TeamTNT. New malware is reportedly targeting Kubernetes clusters, a set of nodes that run containerized applications, to mine cryptocurrencies unauthorizedly. The security researchers at Palo Alto Networks Inc. spotted the crypto-mining malware recently, adding that […]
DOJ charges NetWalker ransomware attacker who extorted $27M
TL;DR Breakdown: A Canadian NetWalker ransomware attacker has been charged by the US DOJ. More than $400,000 in crypto was confiscated from him. The United States authorities have charged a Canadian who’s allegedly responsible for about $27 million in ransomware attacks. According to the document, the defendant, named Sebastien Vachon-Desjardins, is part of the NetWalker […]
30 Japanese arrested over NEM token stolen from Coincheck in 2018
TL;DR Breakdown: Thirty people from Japan have been charged for exchanging NEM tokens allegedly stolen from Coincheck. The suspect used a dark web platform to swap the cryptos before cashing out to their accounts. The Japanese authorities have arrested a group of persons who were caught exchanging NEM tokens, which were allegedly stolen from the […]
Indian exchange, BuyUcoin hacked: 6GB data exposed
TL;DR Breakdown: BuyUcoin has been reportedly breached, with over 300,000 users’ information exposed. ShinyHunters is suspected to be responsible for the attack. BuyUcoin, a popular cryptocurrency exchange in India, has been reportedly hacked. The hackers have already exposed several contact information belonging to the customers on the dark web. The incident today is coming a […]
Russian exchange, Livecoin terminates services after abrupt hack
TL;DR Breakdown: Livecoin has decided to close its business and repay users. The exchange was involved in a cyber-attack that took away their control of the platform. Livecoin, one of the long-running digital currency exchanges in Russia, has been forced to shut down its services after several attempts to regain control of the platform’s server. […]
EXMO exchange hacked, loses coins worth around $10 million
TLDR Breakdown: EXMO exchange, in the United Kingdom, has reported a security breach that resulted in the loss of about five of its customers’ assets. Investigations on the matter are still ongoing, and it’s estimated that about $10 million was lost in the attack. Meanwhile, the exchange’s cold wallet wasn’t affected. The UK-based cryptocurrency exchange […]
Warp Finance loses $7.7 million in a flash loan attack
TL;DR Breakdown: Warp Finance reportedly lost over $7 million in Dai, and USDC stablecoin affected a flash loan attack. The issue of protocol exploitation is becoming a threat to the mainstream growth of DeFi. It’s no doubt that the decentralized finance (DeFi) industry gained lots of traction this year. With increasing participation, the value of […]
NiceHash waived 3-year profits to reimburse users affected in 2017 hack
TL;DR Breakdown: NiceHash has fully refunded all the users affected on the platform after the 2017 hack. According to the CEO, more than 4,000 Bitcoin was stolen from the marketplace. The CEO of NiceHash, Martin Škorjanc, disclosed on Thursday in a letter to the customers that they have completely refunded all the users affected in […]
Nexus Mutual founder loses $8 million NXM in a targeted hack
TL:DR Breakdown: The founder of DeFi protocol, Nexus Mutual, has reportedly lost about $8 million in NXM tokens to an unknown attacker. This was a targeted personal attack on the founder and didn’t affect the platform’s system. So, the members’ funds are safe, per the tweets. Hugh Karp, the founder of decentralized finance (DeFi) protocol, […]
Hackers demand Bitcoin ransom for 85,000 SQL databases
TL:DR Breakdown: Bitcoin ransom attacks have been rising steadily since the year, with most targets being tech-related organizations. About 85,000 SQL databases were compromised by hackers, who are demanding a $550 ransom in Bitcoin for each database. Bitcoin ransom cyber-attacks have increased rapidly since the beginning of the year. The hackers target companies in different […]
Criminals are using privacy wallets to launder proceeds in Bitcoin
TL:DR Breakdown: Privacy wallets contribute about 13 percent of crypto laundering cases since this year. Elliptic noted that these wallets and crypto mixing services enabled criminals to launder proceeds from crime. A report on Wednesday by Elliptic, a blockchain analytics company for financial crime compliance, showed that criminals are now shifting to using privacy wallets […]
Hackers demand $34M Bitcoin ransom from Taiwan-based Foxconn
TL:DR Breakdown: A leading electronics company, Foxconn, was recently involved in a ransomware attack. The attackers are demanding about $34 million in Bitcoin ransom to decrypt their stolen data. Ransomware attacks are another cyber-threat increasing rapidly in the past weeks. One of the latest victims is Foxconn, a Taiwanese multinational electronics contract manufacturer. The attackers […]
Cyberattack: Hackers ask Israeli Shirbit to pay 50 Bitcoin ransom in 24hrs
TL:DR Breakdown: Black Shadow hackers recently attacked an Israeli insurance company, Shirbit. They are demanding 50 Bitcoin as ransom, which will be double if not paid by tomorrow. A group of hackers named the “Black Shadow” reportedly launched a massive kind of cyber-attack against Israeli Shirbit, an insurance company, last week. The incident resulted in […]
Microsoft spots Vietnamese hackers deploying crypto-mining malware
TL:DR Breakdown: Microsoft disclosed on Monday that Vietnamese hackers now run crypto-mining malware alongside their regular operations. This is an unwelcomed development once practiced by other hacking groups in popular countries like China and North Korea. Vietnamese government-sponsored hackers have been allegedly caught by Microsoft, dipping their toes in illegal cryptocurrency mining activities. According to […]
Ethereum Classic supports more miners as Thanos upgrade activates
TL:DR Breakdown: Thanos upgraded has been successfully activated on the Ethereum Classic blockchain. The network is believed to be more secured, as the upgrade will allow more miners on the network. More room has been created for miners with graphics processing units (GPUs) to participate in the Ethereum Classic (ETC) blockchain, following the successful activation […]
Taiwanese computer maker, Advantech surfers ransomware attack
TL:DR Breakdown: Taiwan-based computer maker Advantech was recently attacked with Conti ransomware, which encrypted some of their data. The attackers demanded about 750 Bitcoin to decrypt the stolen data; else, it will be exposed. Taiwanese industrial computer maker Advantech was recently involved in a ransomware attack that got most of their data stolen and encrypted, […]
CipherTrace second patents for tracing Monero (XMR) transactions
CipherTrace has filed a second patent for tracing Monero transactions. The patents come as part of the company’s plan to ensure sustainability for privacy coins. For years now, tracking transactions involving Monero (XMR) has been a challenge for many law enforcement agencies. The privacy-focused digital currency uses many technologies to achieve users’ anonymity. This made […]
Singapore’s Liquid exchange fears users’ data may have been exposed
Liquid exchange may have lost its customers to malicious attackers. The Singapore- based exchange was recently involved in a security breach that allowed attackers to access its document storage. Mike Kayamori, the CEO of crypto exchange Liquid has today, informed about a recent security attack launched on the exchange last week. Per the disclosure, the […]
Ethereum 2.0 launches new Bug Bounty Program
TLDR Breakdown Payouts available for hackers who point out critical vulnerabilities Ethereum supports smart contracts Developers debate disclosure protocols Ethereum Bounty Program and payouts Payouts of up to $50,000 have been offered for hackers who can bring attention to vulnerabilities that could break the chain and affect the protocol, and its clients: Lighthouse, Prysm and […]
