Tagged: hack

Coinbase Hack Being Investigated by DOJ, Michael Arrington Worries Loss is More than $400 Million

The US Department of Justice is investigating the recent insider hack of Coinbase (NASDAQ:COIN), according to Bloomberg. Coinbase is said to have brought the breach to the authorities’ attention, but the company itself is not under investigation. Paul Grewal, Coinbase’s Chief Legal Officer, highlighted this fact… Read More

Coinbase Hack Analyzed by Web3

Read below to see how Web3 reacted to this week’s revelation of the Coinbase (NASDAQ:COIN) hack. “The Coinbase attack proves why centralized systems keep failing – they offer no resilience against increasingly sophisticated hackers. Cybercriminals know this and are becoming more and more adept at exploiting these… Read More

Coinbase Hit by Hack, Says Crooks Attempted to Extort $20 Milion to Make it Go Away

Coinbase (NASDAQ:COIN), the only publicly traded crypto exchange in the US, is reporting it was the target of a cyber attack that saw criminals attempt to extort $20 million from the firm to make it all go away. According to a blog post, bad actors… Read More

Mobius Token Hacked. Millions Pilfered in Exploit

The crypto sphere is lamenting another hack today, as reports are all over X that Mobius Token has been the target of a hack. Apparently, $MBU on BNB Chain was utilized to steal approximately $2.1 million as tokens were minted and quickly sold. Blockaid, a… Read More

Bybit Hack Update: Nearly 28% of Stolen $1.4B in Crypto Now Untraceable

In a recent update shared via X, Bybit CEO Ben Zhou revealed that approximately 27.59% of the $1.4 billion in cryptocurrency stolen from the exchange has become untraceable, marking a significant development in one of the largest hacks ever to hit a centralized crypto exchange…. Read More

India’s Supreme Court Rejects WazirX Hack Victims’ Petition, Citing Lack of Regulatory Clarity

The Supreme Court of India dismissed a petition filed by 54 victims of the WazirX hack on April 16, 2025, seeking action against the crypto exchange and its associates. The decision underscores the persistent regulatory ambiguity surrounding cryptocurrencies in India, leaving victims of the $235… Read More

Bybit Hack Should Force Change: Industry Insiders

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

CTO of D24 Fintech Group Shares Lessons Learned on ByBit Hack

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

OKX and SlowMist Report: Bom Malware Impacts Thousands of Users, Stealing $1.82M+ in Crypto

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

ByBit Hack Analysis : Centralized Exchange Operational Failures Are to Blame, Not Ethereum Blockchain

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

Digital Assets Firm Copper Reveals How ClearLoop’s Safeguards Operated During ByBit Hack

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

ByBit Says Reserves Back to Normal, North Korea based Lazarus Group Responsible for Hack

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

Crypto Exchange Hack Analysis: Preventing the Next $1.5B Bybit Security Breach

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

Hack: Bybit Reports Unauthorized Access, Funds Pilfered

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

Hacker Who Commandered SEC’s X Account and Then Posted About Bitcoin, Enters Guilty Plea

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

Crypto Exchange WazirX Receives Approval from Singapore Court, to Repay Customers Impacted By $235M Hack in 2024

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

Crypto Platform NoOnes CEO Confirms $8M Hack, Several Weeks After Security Breach

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

US Department of Treasury Sanctions Chinese Entities that Hacked Treasury Department, Secretary Yellen’s Computer

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

Security Breach Prompts Aark Digital to Issue $225K Bounty

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

Crypto Exchange Security Breach Analysis: Coincover Shares Lessons from $230 Million WazirX Hack

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

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