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Tag Archives: Hacking

Hackers Have Drained $1.4 Billion Worth of Crypto Since the Beginning of 2022 (Research)

According to a study conducted by Chainalysis, wrongdoers have stolen approximately $1.4 billion worth of digital assets between January 2022 and now. Targeting cryptocurrency bridges seems to have been a preferred method. Some examples of such attacks in 2022 include the exploit of the Horizon bridge, the $190 million breach on Nomad Bridge, and one of the largest attacks in crypto’s history: the $615 million Ronin attack. Cybercriminal’s Favorite Target: Crypto Bridges It...

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Binance Recovers 83% of Stolen Funds in Curve Finance DNS Attack

Leading cryptocurrency exchange Binance has helped recover crypto assets worth about $450,000 stolen from Curve Finance users. The funds represent about 83% of the total amount stolen from users.  Binance CEO Changpeng Zhao shared the update on Twitter today, noting that the Curve Finance hacker sent the assets to Binance using different techniques to bypass the exchange’s security. However, the company identified the transactions and froze the assets.  Binance to Return...

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Solana Wallet Slope Says no Evidence Linking Security Flaw to $4 Million Hack

Solana mobile wallet provider Slope Finance, said to be responsible for the recent multi-million dollar incident, has admitted to a security vulnerability while adding that there is no evidence linking the security flaw to the hack. This is despite the fact that Solana Labs researchers have fingered the wallet provider’s security lapses as the cause of the over $4 million hack that occurred earlier in August. Slope issued a statement on Thursday (August 11, 2022), revealing...

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CITADELO legt Schwachstellen-Report 2021 vor

Das Ethical Hacker-Team von Citadelo, eines der wachstumsstärksten Cybersecurity-Unternehmen in Europa. (c) Citadelo Citadelo, eines der wachstumsstärksten Cybersecurity-Unternehmen in Europa mit Sitz im schweizerischen Zug, hat seinen Schwachstellen-Report 2021 vorgelegt – und schlägt Alarm. „Im Durchschnitt wiesen 50 % der Projekte mindestens eine kritische Schwachstelle auf, und in fast allen getesteten Projekten wurden Schwachstellen mittleren...

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97% of Crypto Hacks Were Against DeFi Projects: Report

Blockchain analyst firm Chainalysis published a new report focused on the illicit activities occurring on blockchains, noting that DeFi protocols are the most popular target hackers tend to go after and that money laundering in the space has risen in the past two years. DeFi as Hackers’ Primary Target Since the DeFi Boom occurred in the summer of 2020, illicit DeFi transactions have risen steadily. Money laundering and DeFi hacking have been the two major criminal activities...

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Fortress Protocol Hacked for $3 Million, Drained of All Funds

Fortress Protocol – an algorithmic money market and defi lending protocol – has been drained of all funds following an oracle manipulation attack. The stolen crypto has since been bridged from Binance Smart Chain to Ethereum and mixed using the privacy protocol Tornado Cash. Buying Out the Protocol Blockchain security firm CertiK shared information about the hack with CryptoPotato on Monday. It began with the hacker using ETH to purchase a substantial amount of FTS – the...

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DeFi Crisis Averted: NEAR Protocol’s Rainbow Bridge Attacker Loses 2.5 ETH

On May 1, the NEAR Protocol Rainbow Bridge was attacked. The cross-chain bridge had temporarily been suspended for maintenance after detecting abnormal activities. In a detailed post, Alex Shevchenko, CEO of Aurora Labs, revealed that the attack was stopped automatically as the bridge architecture was designed to resist such events. No funds were lost during the event, Shevchenko added. The Attack It all started when the attacker sent some ETH through the popular coin mixer,...

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15% of Tornado Deposits Are From Ronin Exploiter: Data

The exploiter behind Ronin’s massive $625 million bridge attack has managed to move thousands of ETH to privacy tool Tornado Cash. A month after, what many consider the largest exploit in DeFi history, on-chain data shows that 15% of Tornado deposits are from the Ronin attacker. This was revealed by Alex Svanevik, CEO of the blockchain analytics platform Nansen. 15% of Tornado deposits are from the Ronin exploiter pic.twitter.com/yYsisOzJvu — Alex Svanevik🐧 (@ASvanevik)...

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Ronin Network Reveals New Validators Count and Relaunch Date After $620M Hack

Ronin Network – an Ethereum-linked sidechain – assured it identified the hackers related to last month’s $600M+ exploit, and all user funds are “in the process of being restored.” Additionally, the entity implemented enhanced security measures to prevent such attacks in the future. Further Details on the Hack The project revealed that the cyber assault happened on March 23 and was identified on March 29 by the Sky Mavis team. “We didn’t have a proper tracking system for...

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Beware: BAYC Instagram Hacked, Several Bored Ape NFTs Already Lost

Bored Ape Yacht Club (BAYC) confirmed over Twitter on Monday that its Instagram account was hacked. A scam link posted by the hacker appears to have resulted in multiple valuable NFTs being stolen from victims. The link, which has since been taken down, led to a page claiming to be sponsored by Yuga Labs. It called on users to connect their MetaMask wallet in order to be airdropped LAND – an upcoming governance and utility token. However, multiple holders are now claiming to...

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