Tagged: hack

March 14, 2025 @ 9:20 am By Tony Zerucha  |  

The recent $1.4 billion Bybit hack by Lazarus Group has crypto industry figures weighing in on lessons that should be learned moving forward. SMARDEX co-founder Jean Rausis said the industry should review its hiring practices and closely consider crypto’s “remote nature.” “Most of us work… Read More

March 3, 2025 @ 10:27 am By JD Alois  |  

D24 Fintech Group Chief Technology Officer Osama Bari has outlined how crypto firms may improve security to prevent breaches on a similar scale as the ByBit hack. D24 is based in Singapore and it provides various services for financial platforms. The ByBit breach is the… Read More

February 27, 2025 @ 10:04 pm By Omar Faridi  |  

OKX and SlowMist noted in a report that on February 14, 2025, multiple users reported unauthorized access to their wallet assets. On-chain data analysis indicated that the incidents “exhibited characteristics of mnemonic phrase/private key leakage.” Further follow-ups with affected users revealed “that most of them… Read More

February 26, 2025 @ 9:20 am By Omar Faridi  |  

On Friday, February 21, 2025, the cryptocurrency ecosystem was rocked by one of the largest hacks in its history: a meticulously executed theft of nearly $1.5 billion worth of Ethereum tokens (and some other cryptocurrencies) from Bybit, a prominent crypto exchange. Although many of these… Read More

February 25, 2025 @ 7:37 am By Omar Faridi  |  

Copper noted that on Friday, 21 February 2025, the digital assets industry witnessed one of the largest centralized exchange security breaches in history, affecting Bybit. As the situation developed, Copper’s Security and Financial Risk teams closely monitored events and “took necessary precautions to protect client assets and minimize… Read More

February 24, 2025 @ 11:22 am By JD Alois  |  

ByBit, one of the largest crypto exchanges in the world, is reporting that it has recovered pilfered funds. In a statement today, the company stated they had “restored reserves levels to a 1:1 ratio for in-scope digital assets within 72 hours following a major incident… Read More

February 22, 2025 @ 12:01 pm By Omar Faridi  |  

The team at Blockaid noted that on February 21, 2025, Bybit fell victim to one of the largest crypto heists in history, losing “approximately $1.5 billion” worth of Ethereum (ETH) tokens. Blockaid pointed out that this incident wasn’t just another hack—it was a stark reminder… Read More

February 21, 2025 @ 12:02 pm By JD Alois  |  

Crypto exchange Bybit has apparently been hacked. Bybit, based in Singapore, reports over 60 million users worldwide and is said to be the world’s second-largest cryptocurrency exchange by trading volume. It was not immediately clear as to how much may have been stolen from the… Read More

February 21, 2025 @ 9:29 am By JD Alois  |  

In January 2024, the then Chairman of the Securities and Exchange Commission (SEC) had his X account hacked. The individual who commandeered the account used his access to announce the approval of Bitcoin ETFs, impersonating Chair Gary Gensler – one day before the SEC intended… Read More

January 26, 2025 @ 12:16 pm By Omar Faridi  |  

In a major development for Indian cryptocurrency exchange WazirX, the Singapore High Court has officially endorsed the platform’s restructuring plan, offering a path toward repaying user funds lost in a substantial cyberattack. This hack, which occurred in July 2024, resulted in a $235 million loss… Read More

January 25, 2025 @ 5:24 pm By Omar Faridi  |  

The peer-to-peer cryptocurrency trading platform NoOnes has revealed it was the victim of a significant security breach earlier this month, resulting in the loss of approximately $8 million in crypto assets. CEO Ray Youssef confirmed the hack after it was disclosed by crypto researcher ZachXBT… Read More

January 17, 2025 @ 10:57 am By JD Alois  |  

China state-affiliated entities have been hacking both public and private organizations in the US for years now. This is part of China’s goal to usurp the US as the world’s top superpower.  In an embarrassing revelation, the US Department of Treasury was hacked, including, apparently,… Read More

October 26, 2024 @ 7:55 am By Michael Wong  |  

Blockhain-focused Aark Digital has offered a 15% bounty in response to a recent security breach that led to the unauthorized withdrawal of around 1,386,085 USDC and 24.143 ETH. The incident, which involved unauthorized access to Aark Digital’s systems, resulted in the loss of approximately $1.4… Read More

October 17, 2024 @ 10:13 am By Omar Faridi  |  

One of India’s largest and most prominent crypto exchanges, WazirX, had experienced a damaging security breach back in July of this year. If you go and review some of WazirX’s online / social media activity even now, they don’t seem to have resolved this issue… Read More

July 8, 2024 @ 10:45 am By Omar Faridi  |  

Evolve Bank & Trust has provided detailed updates on its widely reported cybersecurity incident. Evolve Bank & Trust claims that it is on schedule “to commence individual notifications starting July 8, 2024.” These notifications will include “an offer of two years of comprehensive credit monitoring… Read More

June 24, 2024 @ 10:56 am By Omar Faridi  |  

Digital currency exchange Binance is reportedly assisting in investigating a recent attack carried out against Turkish crypto exchange BtcTurk, with more than $5 million in pilfered funds now having been frozen. This, according to social media update from Binance CEO Richard Teng. Teng noted that… Read More

April 15, 2024 @ 10:38 am By Omar Faridi  |  

Damian Williams, the United States Attorney for the Southern District of New York, announced that Shakeeb Ahmed was sentenced recently to three years in prison by U.S. District Judge Victor Marrero for “hacking two separate decentralized cryptocurrency exchanges and stealing cryptocurrency worth over $12 million…. Read More

April 9, 2024 @ 9:36 am By Omar Faridi  |  

According to statistics from the SlowMist Hacked Archive, in March 2024, there were 33 security incidents within the Web3 ecosystem, resulting in total losses of approximately $139 million. The causes of these incidents spanned “a range of vulnerabilities, including smart contract flaws, insider malfeasance, flash… Read More

February 2, 2024 @ 2:29 pm By Omar Faridi  |  

Cryptocurrency exchange Binance has reportedly frozen $4.2 million in XRP tokens that are said to be tied or linked to this past week’s $120 million exploit. This, according to an update shared via social media by Binance CEO Richard Teng. Teng noted via X that… Read More

February 2, 2024 @ 7:45 am By Omar Faridi  |  

The US Department of Justice (DOJ) has reportedly unsealed indictments that have been made against three people for allegedly stealing more than $400 million from the bankrupt crypto exchange FTX. These three individuals had allegedly carried out a sophisticated SIM-swapping technique in order to gain… Read More