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Blockchain forensics firm Elliptic told Cointelegraph that specific patterns and techniques in the WasirX attack led them to believe North Korean hackers were behind the incident.
Smart contracts are no longer the biggest concern, as hackers are vying for easier targets, such as private key leaks.
Developer Brian Guan claimed that the funds were drained in just two minutes, sparking mixed reactions within the crypto community.
I thought that my heart would stop, said Matthias Mende, who told Cointelegraph how he felt when he realized he lost $100,000 in crypto assets to a hacker.
The ongoing exploit has already netted the attacker nearly $20 million in digital assets.
Despite the arrest of the main suspect, some of the stolen funds continued to be moved, suggesting multiple potential attackers.
Pink Drainer, infamous for aiding in crypto thefts, shut down operations after amassing over $85 million in stolen assets.
A hacker has siphoned tokens through a series of unauthorized transactions, leaving the crypto community in shock.
Florida teens face charges for kidnapping a cryptocurrency investor in Las Vegas, stealing $4 million in digital assets, and leaving him in the desert.
The Chief Financial Officer of TREASURY has issued a warning that exploiters could leverage crypto exchange Uphold to sell stolen XRP funds. In a recent tweet, Fredo Ayala, the Chief Financial Officer (CFO) of TREASURY, raised concerns that Uphold, a prominent U.S.-based crypto exchange, might unwittingly become a platform for the sale of stolen XRP. […]
The post Stolen XRP Funds May Move to Uphold, Industry Player Warns first appeared on The Crypto Basic.
A report issued by a United Nations panel of experts has concluded that cyber crypto heists have provided 50% of the foreign currency income for North Korea since 2017. The report indicated that North Korean actors have been linked to 17 theft and hack events involving over $750 million in 2023 alone, and details several [...]
The post UN Report: Crypto Crime Provided North Korea up to Half of Its Foreign Currency Income appeared first on Crypto Breaking News.
Learn how North Koreas Lazarus Group stole billions using phishing, malware, and social engineering.
A U.K. citizen has been sentenced by ? New York court to five years in prison for his role in a Twitter hack including the hijacking of accounts of U.S. political and business figures. The man is also responsible for the theft of large amounts of cryptocurrency in a SIM swap attack. Hacker Goes to
The post Brit Gets Prison Time for Twitter Hack Impersonating Biden, Buffett in Bitcoin Scheme appeared first on BTC Ethereum Crypto Currency Blog.
Hackers have reportedly stolen $500,000 worth of tokens from Arbitrum’s airdrop by using vanity addresses to redirect the airdropped tokens to their own addresses. The use of vanity addresses to claim crypto assets has been known to compromise the security of users’ private keys, making it easier for hackers to steal crypto assets. (Read More)
The 2022 bear was already incredibly brutal. However, scams and hacks made matters worse for the bitcoin market. North Korea was busy stealing money from other people’s wallets while the majority of the world was occupied with tracking down CEOs of insolvent companies who were on the run. The entire world assumed that North Korea […]
The hacker accumulated as much as $90 million worth of crypto from wallets with weak private keys during a six-year thieving spree.
The proposal puts forward an “opt-in” token standard that would enable victims to report theft to a governance contract, with algorithms helping to identify and freeze ill-gotten gains.
A Hyderabad man suffered significant losses after investing in a fake cryptocurrency exchange. An Indian man based in the city of Hyderabad has been defrauded to the tune of Rs 80 lakh ($104,437) in a failed cryptocurrency investment. Victim Narrates His Ordeal According to a complaint filed today by the victim referred to as Mahesh, […]
The post Indian Citizen Loses Over $104,000 to Scammers Through Investment In a Fake Crypto Exchange appeared first on The Crypto Basic.
Over $7.7 Billion was stolen by crypto-scammers in 2021. Rug pull scams top the list with over $2.8 Billion. The majority of scams took the form of DeFi and DEX projects. A Chainalysis sneak-peek report into global crypto-crimes has revealed over $7.7 Billion as the total worth of losses recorded from cryptocurrency scams across the globe. […]
An unidentified exploit has drained over $10.5 million in NFTs and coins from experienced crypto community members since December 2022. The exploit targets keys created from 2014 to 2022 and those who are "crypto native," with multiple addresses and work within the space. Crypto veterans are advised to use a hardware wallet or migrate their funds to safeguard their digital assets. (Read More)
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