WazirX launches fund recovery plan post $230M hack

Drawing lessons from past incidents such as the Mt. Gox and Bitfinex hacks, WazirX aims to apply the best practices from these cases to ensure a fair and efficient resolution.

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WazirX launches bounty program to recover stolen assets

The exchange remains focused on addressing the impact on customer funds and ensuring the security and integrity of their platform.

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WazirX halts trading, launches bounty program to recover stolen assets

The exchange remains focused on addressing the impact on customer funds and ensuring the security and integrity of their platform.

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Li.Fi protocol attacked, $10M drained

The Li.Fi protocol experienced a security breach when hackers exploited a specific contract address, resulting in the loss of over $8 million in cryptocurrencies. The attack has since been mitigated.

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AI-driven crypto crime is only just beginning Elliptic report

Elliptics 2024 report exposes how AI is increasingly used for sophisticated crypto crimes, from deepfake scams to state-sponsored cyberattacks, signaling that these threats are just beginning.

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Singapore alerts businesses to Bitcoin ransomware risk

Singapore police advised businesses against paying ransom to the bad actors in case of a compromise and asked them to report the incident to authorities immediately.

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North Korea used Tornado Cash to siphon HTXs $147.5M loot: UN

A UN report reveals North Korean hackers laundered $150 million in stolen crypto assets through Tornado Cash in March 2024.

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Solanas Loopscale halts lending following $5.8 million cyberattack

Solana’s lending platform, SolRazr, has temporarily stopped its services after a hack resulted in a loss of $5.8 million. This incident has raised concerns regarding the security of decentralized finance (DeFi) platforms. The exploit occurred due to a vulnerability in the smart contract used by SolRazr, allowing the hacker to drain funds from the platform. [...]

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Hacker Transfers $70 Million from UPCX in Major Security Breach

UPCX systems experienced unauthorized access by a hacker on April 1 who stole digital funds in mass quantities. Cyvers tracked an illegal transaction of 18.4 million UPC tokens, which totaled $70 million. The hacker entered UPCX’s system through a wallet address and took advantage of the ProxyAdmin contract security weakness. The cybercriminal gained administrative control […]

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DeFi’s Dark Day: $24 Million Lost in Curve Pool Exploit

The Curve pool exploit was orchestrated via a loophole in the liquidity pools of Curve, a widely-used automated market maker platform.

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Elon Musk Warns of Huge Cyberattack on X

Elon Musk, the well-known Tesla and SpaceX CEO, recently revealed on Twitter that Tesla has been the victim of a massive cyberattack. This attack targeted Tesla’s gigafactory in Nevada, aiming to steal sensitive company information. Musk’s tweet did not provide many details about the attack, but he mentioned that it was a serious one. This [...]

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Unplugged: The Impending Threat of Widespread Blackouts in Grid-Reliant Economies

Lately, the media has been captivated by the possibility of a grid collapse and the devastating economic consequences it would entail. Curiously, the internet is teeming with headlines suggesting the plausibility of such a collapse, whether caused by cyberattacks, physical assaults on infrastructure, equipment malfunctions, or even the notion of an electromagnetic pulse (EMP) incapacitating [...]

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Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011

Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17 [...]

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Monero’s crypto of choice as ransomware ‘double extortion’ attacks increase 500%

A surge in ransomware in 2021 has also resulted in a surge in Monero usage as the method of payment, as more criminal groups want only XMR.

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OpenSea suffers phishing attack, users lose NFTs

World’s leading NFT marketplace acknowledged an attack but denied it had been hacked for…

The post OpenSea suffers phishing attack, users lose NFTs appeared first on Coin Journal.

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European Investment Bank’s Website Down Following Cyberattack

The European Investment Bank (EIB), the world’s largest multilateral lender, has been the target of a cyberattack. Russian hackers are

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UN Investigation Reveals DPRK's $3 Billion Crypto Cyberattack Scheme

The United Nations is probing DPRK-linked hacking groups for orchestrating cyberattacks on cryptocurrency firms, amassing $3 billion over six years to fund WMD development. These cybercrimes, targeting 58 companies, underscore a sophisticated operation defying international sanctions. (Read More)

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Cryptocurrency Phishing Attacks Rise by 40% Year-on-Year in 2022

Kaspersky, a Russian cybersecurity and anti-virus provider, has reported a 40% year-on-year increase in cryptocurrency phishing attacks in 2022. The attacks involve reaching out to investors through fake websites and communication channels that mimic official companies, prompting users to share personal information such as private keys. Attackers are evolving their strategies to lure unwary crypto investors. Recently, hardware cryptocurrency wallet provider Trezor warned against attempts to steal users' crypto through fake Trezor sites. In a survey, one out of seven respondents admitted to being affected by cryptocurrency phishing. (Read More)

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North Korean Missile Program Was Funded By Stolen Crypto

On Tuesday, a White House representative in Washington said that the cyberattacks and money theft over cryptos have been funding

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WazirX Freezes $3M USDT as Major Step in Recovery from July Cyberattack

WazirX, one of Indias leading cryptocurrency exchanges, has made a significant step towards recovering funds stolen during a cyberattack in July 2024. On January 17, the platform revealed it had successfully frozen $3 million in USDT (Tether) as part of its ongoing efforts to retrieve stolen assets. This announcement, made via an update on X […]

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