Tag Archives: Hacking

The United States Department of Treasury sanctioned three individuals who helped the notorious hackers Lazarus Group to process the conversion of stolen cryptocurrency to fiat, allegedly for the funding of the Democratic People’s Republic of Korea’s (DPRK) illicit weapons of mass destruction (WMD) and ballistic missile programs. An earlier report by Chainalysis claimed that Lazarus Group was responsible for crypto theft worth about $1.7 billion in 2022. 3 China-based OTC...

KuCoin’s Twitter account was briefly compromised, causing the platform’s users to lose over 22,000 USDT to hackers through fake activity. The crypto exchange was able to recover its account and promised to reimburse affected users. KuCoin revealed that hackers took over its Twitter account for 45 minutes to promote a fake activity on Monday, April 24. While the incident was brief, the company said that it identified 22 transactions in connection with the fraudulent activity,...

Web3 wallet provider, MetaMask took Twitter to deny claims that a “massive wallet-draining operation” originated from an exploit of its wallet. The update comes after Taylor Mohanan alleged that an attacker was “sending” transactions via MetaMask, draining crypto from long-time users and employees. Mohanan, who also happens to be a MetaMask developer, later confirmed that the attack was not MetaMask-specific. The “sophisticated” heist was first discovered by Monahan early...

Tornado Cash has, once again, found itself as the nexus of pilfered funds from a DeFi protocol. An Ethereum wallet address associated with the exploiter of the DAO Maker breach from 2021 sent $600,000 worth of DAI stablecoin through the controversial coin mixer. According to the blockchain security firm, PeckShield, the wallet had been dormant for more than 200 days. The movement was detected nearly seven months after another wallet linked with the exploiter transferred...

Ethereum-based decentralized exchange (DEX) SushiSwap released an update about its plans to return stolen funds to users affected by the $3.3 million exploit over the weekend. According to an announcement from the exchange’s official Twitter handle, users whose assets were taken by white hat security teams would be refunded quicker than those who lost theirs to the black hat hackers. The $3.3 Million SushiSwap Hack Recall that the popular decentralized exchange was exploited...

Hackers drained almost $13 million worth of digital assets from the South Korean cryptocurrency platform GDAC. This is the latest in a string of setbacks the industry went through. The Latest Victim The exchange’s team notified its users on April 9 that hackers exploited the Gdac Hot Wallet and transferred a significant amount of cryptocurrencies to an unidentified wallet.  They stole over 60 BTC, 350.5 ETH, 10,000,000 WEMIX, and 220,000 USDT (which accounted for around 23%...

Terraport Finance, a decentralized finance (DeFi) platform on the Terra Classic network, has lost over $2 million worth of digital assets through an exploit on its liquidity wallet. According to an announcement from the project’s official Twitter handle on April 10, the Terraport team is still investigating the hack and trying to secure the protocol. Announcement: A breach was detected in the Terraport Liquidity wallet this morning. The Terraport team is currently...

The multichain token bridge Allbridge, which was recently hacked, said that 1,500 BNB (worth around $465,000) was returned to its team. The rest of the funds will be considered a white hat bounty to the exploiter, according to the statement. The cross-chain bridge enables digital asset transfer from one blockchain network to another via liquidity pools. Over the weekend, a malicious entity drained funds after manipulating the prices in Allbridge’s liquidity pools on BNB Chain...

The blockchain security company – PeckShield – outlined that wrongdoers siphoned $211.5 million worth of cryptocurrencies last month via 26 attacks. The Euler Finance exploit accounted for the bigger part of the amount after hackers stole $197 million in staked ETH, USDC, wrapped BTC, and DAI. March Was Not All Sunshine and Roses The revival of the cryptocurrency market last month and the rising prices of many digital assets seemed like great news for investors and proponents...

A large Ethereum MEV bot was targeted in a sandwich attack on Sunday, netting an attacking validator roughly $25 million in funds.  A sandwich attack is when an attacker places a large trade on either side of a target’s transaction, manipulating the price and profiting from the price change.  In this case, the money was taken from maximal extractable value (MEV) bots  – bots focused on rearranging transactions within a block to maximize the profits it generates for...