Tagged: hack

September 18, 2023 @ 8:40 am By JD Alois  |  

Mark Cuban, a noted entrepreneur and shark, had his crypto wallet hacked, according to multiple reports.  Cuban is said to have lost around $870,000 in value when the crooks pilfered his funds. Apparently, the damage could have been worse, but Cuban prevented a greater loss… Read More

September 11, 2023 @ 11:55 am By Omar Faridi  |  

The FBI is issuing this update to caution the general public regarding the theft of approximately $41 million in virtual currency from Stake.com, an online casino and betting platform. The FBI has confirmed that this theft took place “on or about September 4, 2023, and… Read More

August 21, 2023 @ 11:08 am By JD Alois  |  

The hacks and thefts are too numerous to remember. The crypto sector is a field littered with poorly crafted security protocols, stolen funds, and apologetic management. Most recently, Exactly Protocol is said to have been the target of an attack that saw over $7 million… Read More

August 6, 2023 @ 12:33 pm By Omar Faridi  |  

On July 30, 2023, several liquidity pools on Curve Finance were exploited, resulting in approximately $70 million in losses and triggering panic within the DeFi ecosystem, the team at Chainalysis noted. In a blog post, Chainalysis also mentioned that these hacks occurred due to “a… Read More

August 4, 2023 @ 8:01 am By Omar Faridi  |  

A married and aspiring rapper couple from New York City recently pleaded guilty to money laundering conspiracies arising from the hack and theft of approximately 120,000 Bitcoin from Bitfinex, a global cryptocurrency exchange. Ilya Lichtenstein, 35, and Heather Morgan, 33, were arrested in February 2022… Read More

July 14, 2023 @ 9:21 am By Omar Faridi  |  

On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. As noted via social media, the team claims they contacted the MPC node operators and… Read More

July 13, 2023 @ 9:10 am By Omar Faridi  |  

The Multichain hack could potentially be a “rug pull,” as an additional $103 million in funds were recently drained. Multichain, which is described as a cross-chain bridge protocol, reportedly saw another $103 million transferred to other blockchain addresses. This, according to security company Beosin. This… Read More

July 10, 2023 @ 11:44 am By JD Alois  |  

Blockchain security firm CyVers is claiming first in uncovering the Multichain mega hack that saw over $126 million pilfered from the protocol. As was previously reported, Multichain halted its network on the hack just a month after the entity’s CEO disappeared. Cyvers said its AI-driven service… Read More

July 9, 2023 @ 12:55 pm By Omar Faridi  |  

Multichain has reportedly halted its network on a suspected $130 million hack, a move that has come just a month after the initiative’s CEO disappeared. The Multichain service stopped currently, and all bridge transactions will be stuck on the source chains. There is no confirmed… Read More

June 10, 2023 @ 4:56 pm By JD Alois  |  

The US Department of Justice has charged two Russians, Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, with the hacking of Mt. Gox. The crypto exchange was plundered in 2011 and ultimately collapsed. At the same time, the Russians have been charged with operating the BTC-e… Read More

March 23, 2023 @ 8:44 am By Omar Faridi  |  

Cryptocurrency ATM operator General Bytes says a certain vulnerability allowed a hacker to drain around $1.5 million. The General Bytes team also confirmed that their Cloud servers were breached. In a blog post, the firm noted that on the night of 17-18 March, it was… Read More

December 1, 2022 @ 9:50 am By JD Alois  |  

LastPass has posted a notice that it has experienced another data breach – with the perpetrators apparently utilizing information stolen before. LastPass is best known for its GoTo products enabling virtual operating environments. LastPass stated: “We recently detected unusual activity within a third-party cloud storage… Read More

November 12, 2022 @ 9:38 am By JD Alois  |  

Insult upon injury, FTX is now dealing with “unauthorized transactions” that have led to the theft of crypto as FTX moves to place all crypto in cold storage. Ryne Miller, FTX.us GC, appeared to confirm the hack in a series of Tweets. https://twitter.com/_Ryne_Miller/status/1591326796305530880?s=20&t=gT0NTB2Hnmugn-deop6-gA   Elliptic… Read More

October 7, 2022 @ 9:44 am By JD Alois  |  

Late yesterday, BNB Chain – part of Binance, announced that they were temporarily halting BSC or BNB Smart Chain, following “irregular activity” which was later described as a “potential exploit.” The price of BNB dropped on the news. The thread was updated to indicate that… Read More

September 21, 2022 @ 8:30 am By Omar Faridi  |  

Revolut has experienced a major data breach that has reportedly exposed the sensitive personal details of around 50,000 clients globally. Revolut‘s management has now informed Lithuania’s State Data Protection Inspectorate about the security breach, noting that access to its database had been obtained via advanced… Read More

August 7, 2022 @ 9:08 pm By Omar Faridi  |  

On August 3, 2022, a large-scale incident of currency theft occurred on Solana, and a large number of users “transferred SOL and SPL tokens without their knowledge,” the SlowMist team noted in their analysis of the incident. The SlowMist security team “tracked and analyzed this… Read More

August 3, 2022 @ 8:44 am By Omar Faridi  |  

Nomad – a bridge network allowing users to convert their assets across blockchains – was “exploited for over $156.4 million on August 1st.” Over 40 attackers utilized a code error that “allowed them to spoof transactions – draining Nomad’s Ethereum contract of most of its… Read More

June 24, 2022 @ 2:35 pm By Omar Faridi  |  

The Harmony team has identified a theft taking place this morning (June 24, 2022) on the Horizon bridge amounting to approximately $100 million. 3/ Note this does not impact the trustless BTC bridge; its funds and assets stored on decentralized vaults are safe at this… Read More

June 5, 2022 @ 3:07 pm By Omar Faridi  |  

Bored Ape Yacht Club (BAYC) has reportedly been compromised for the third time this year, with a hacker able “to steal and sell NFTs, making away with 142 ETH, equivalent to over $250,000.” The hacker conducted a phishing attack, “whereby they shared a fake phishing… Read More

April 30, 2022 @ 5:48 pm By JD Alois  |  

  It was reported earlier this month that crypto startup Beanstalk was the target of an exploit that saw a theft of up to $180 million in value. Around the time of the Attack, the Bean team stated “We’re engaging all efforts to try to… Read More