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$62 Million Munchables Hack: Rogue Developer Returns All Funds, No Ransom Demanded
29.3.2024
Web3 gaming app, Munchables, announced on March 27 that an individual who exploited the system agreed to return the stolen funds without a ransom demand. This announcement came just hours after a former developer siphoned off more than 17,400 ethereum coins by gaining access to the Munchables lock...
Study: Financial Losses on BNB Chain Due to Hacks and Scams Fell by 85% in 2023
23.1.2024
In 2023, financial losses on the BNB Smart Chain due to exploits or breaches fell by 85% to $161.1 million, according to the findings of a new Avenger DAO study report. The study data also shows that Q2 of 2023 was the costliest quarter, with approximately $69.5 million lost across 127 incidents....
Hackers Mislead Rocket Pool X Users with Bogus Contract Breach Claims
18.1.2024
Followers of Ethereum-based staking protocol Rocket Pool’s X account have over the past 24 hours found themselves caught in a web of confusion. Hackers took control of the account and used it to spread misleading information about a supposed smart contract breach. From 6.30 UTC on Wednesday,...
North Korean Hacking Group Lazarus Withdraws $1.2M of Bitcoin From Coin Mixer
8.1.2024
North Korean hackers Lazarus Group have moved $1 million worth of their ill-gotten gains from a coin mixer to their holding wallet, sparking speculation over their next move
18-Year Old GTA 6 Hacker Sentenced To Life In Hospital Prison
21.12.2023
The 18-year old hacker responsible for stealing and releasing dozens of clips of Grand Theft Auto 6 last year has been sentenced to life in hospital prison. He can only be released in the future if doctors decide he’s no longer a danger to others, the BBC reports. Read more
Atomic Wallet Offers $1 Million Bug Bounty Amid Security Lawsuit
20.12.2023
Source: Adobe / Ascannio Amid an ongoing class-action lawsuit related to a $100-million hack in June, the developer of Atomic Wallet has launched a $1-million bug bounty program aimed at identifying security flaws in its wallet software. In an announcement on December 18, the development team...
Inside Job: Security Engineer Behind Multi-Million Dollar Crypto Exploits
15.12.2023
Source: Adobe / Rawpixel.com Shakeeb Ahmed, a senior security engineer associated with an international technology company, pleaded guilty on December 14 to computer fraud in connection with his hacking of two decentralized crypto exchanges. The announcement of the guilty plea was made by Damian...
Rewarding Hackers With Bug Bounties ‘Inherently Creates a Moral Hazard’ Says Expert
7.12.2023
Rewarding hackers who agree to return a portion of the stolen funds not only “creates a moral hazard” but potentially “leads to more security breaches,” a Web3 expert has argued. The recent attacks on Kronos and Kyberswap, as well as the subsequent attempts to engage...
Platypus Exploiters Acquitted of Wrongdoing in Landmark Case
4.12.2023
Mohammed and Benamar M., two brothers accused of exploiting Platypus, an avalanche-based automated market maker (AMM) platform, were acquitted of any criminal wrongdoing in a landmark case for French justice. The judge in charge stated that the individuals just interacted with a smart contract that...
TrueUSD's Client Data Exposed in Third-Party Security Breach
17.10.2023
Stablecoin issuer TrueUSD recently fell victim to a third-party security breach that led to the exposure of personally identifiable information of some of its clients.
According to screenshots posted on X of an email allegedly sent by TrueUSD to customers, the breach affected clients who were...
Research Firm Elliptic Links FTX Hack to Russian Attackers
13.10.2023
Research by blockchain intelligence firm Elliptic has revealed potential links between the FTX hacking incident last November, which resulted in an estimated $400 million loss, and Russian-based cybercrime groups.
The majority of the stolen assets, primarily in Ether (ETH), had remained dormant...
Certik Study: $332 Million Lost to Exploits, Hacks and Scams in September, More Than $1.3 Billion Lost in 2023
8.10.2023
In the month of September, digital assets worth approximately $332 million were siphoned from trading platforms via methods that include flash loan attacks, exit scams, and exploits. The value of digital assets stolen through exploits rose from $13.5 million in August to nearly $330 million...
Data Shows North Korean Lazarus Group Has Accumulated Bitcoin Valued Over $40M
25.9.2023
The North Korean hacking group known as Lazarus Group reportedly has holdings of over $47 million in cryptocurrency, with the majority in Bitcoin (BTC).
According to a report from the institutional crypto platform provider 21.co, wallets connected to Lazarus Group contain around 1,600 Bitcoin...
Decentralized Exchange Mixin Kernel Confirms Hack on Its Platform Involving Approximately $200M
25.9.2023
Mixin Kernel confirmed on Sept. 25 that it was the victim of a hacking attack which had resulted in the loss of assets on the mainnet. The decentralized exchange said it has since suspended deposit and withdrawal services and only expects to restore normal services once a probe into the incident...
North Korean Lazarus Group amasses over $40M in Bitcoin, data reveals
25.9.2023
The North Korean hacking collective has at least $47 million in cryptocurrency, including Bitcoin, Ether, Binance Coin and various stablecoins, including Binance USD
Hackers Exploit Windows Tool to Deploy Crypto-Mining Malware
8.9.2023
Hackers have targeted a popular Windows-based software packaging tool to infect computers with crypto mining malware, IT security firm Cisco Talos Intelligence Group has revealed.
The mining attack on computers happens through a Windows tool known as Advanced Installer, and the attackers have used...
Tornado Cash Co-Founder Pleads Innocence Amidst Money Laundering and Hacking Scandal
6.9.2023
On the 6th of September, 2023, the Inner City Press (ICP) delivered an account of the legal proceedings involving Roman Storm, one of the co-creators behind the ethereum (ETH) mixing protocol, Tornado Cash. In the courtroom drama that unfolded, Storm resolutely declared his innocence by pleading...
South Korea Seeks to Freeze North’s Crypto Assets Under New Law
6.9.2023
The government in Seoul intends to submit new legislation tailored to facilitate the tracking and freezing of crypto used to fund the weapons programs of North Korea. A bill has been drafted after extended consultations between ministries with the aim to make South Korean sanctions more effective...
FTX Data Breach Update: Sensitive Information Was Leaked – Here's the Latest
31.8.2023
Sensitive details about FTX customers were compromised during the security breach at FTX’s bankruptcy claims agent Kroll earlier this month, despite Kroll initially claiming only “non-sensitive” was leaked.
The confirmation that the leaked details included information many people would categorize...
Cybersecurity Breach at Kroll Affects FTX and BlockFi Claimants' Data
25.8.2023
A cybersecurity breach at FTX’s bankruptcy claims agent Kroll has compromised user data from both FTX and the bankrupt crypto lender BlockFi.
The compromised data consisted only of “non-sensitive” customer information, FTX said on X on Thursday, stressing that account passwords were not stored...