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Tag Archives: Hacking

Binance Recovered $5.8 Million From the Axie Inifity Hackers, Says CZ

Binance’s CEO reported earlier today that the company recovered nearly $6 million out of the $600 million stolen in the hack against the Ronin Network. These are among the first funds on the move since the exploit took place roughly a month ago. CZ took it to Twitter on April 22 to inform that the hacker group behind the largest DeFi exploit started to move some of the stolen funds. As part of it was transferred to Binance and was spread among 86 accounts, the exchange...

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CurrencyCom Attacked Hours After Announcing Pullout From Russia

As one of the major crypto exchanges in Europe, CurrencyCom has a solid customer base in both Russia and Ukraine. On Saturday, the company confirmed that it had been attacked hours after announcing plans to halt onboarding new customers from Russia and reassured its customers that the attack was a failure. The owner of CurrencyCom, originally from Belarus, attributed the successful defense to the company’s robust security measures and accused Russia of being responsible for...

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North Korea Responsible for Ronin Network Hack, FBI Confirms

The theft of $620 million in cryptocurrency, related to the bridge hack against the Ronin Network on March 23th, is the latest cybercrime committed by Pyongyang to fund its domestic programs, claimed the FBI. North Korea Responsible for the Ronin Network Hack The FBI issued a statement on Thursday, indicating that cyber actors APT38, also known as Lazarus Group, associated with the Democratic People’s Republic of Korea (DPRK), are responsible for attacking the Ronin Bridge,...

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Sky Mavis Offers $1 Million Bug Bounty Following Ronin Bridge Hack 

Sky Mavis – the company behind Axie Infinity – is offering up to $1 million to anyone that can identify major security vulnerabilities in its platform. This comes after the company was struck by the largest defi hack in history, with over $600M being drained from Ronin bridge. A Call to Whitehats According to the company’s website, the Sky Mavis Bounty Program will take reference from the Bugcrowd Vulnerability Rating Taxonomy. The system will help Sky Mavis prioritize and...

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Hacked Indian Official Twitter Accounts Posted NFT Advertisements

A series of cyberattacks breached multiple Twitter accounts associated with the administrative and legislative bodies of India in the past few days. NFT-related content that promoted a project called “Azuki” was posted on the compromised accounts, making people speculate that the hackers were conducted by the same individuals or entities. The most recent victim came from the Twitter account owned by the Punjab unit of the Indian Congress – Punjab Congress. The breach rendered...

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Ledger-Shopify Data Breach Saga Not Over Yet, Another Class Action Lawsuit Filed

A group of Ledger users has filed a class-action lawsuit in the United States District Court of Delaware against Global e-commerce platform Shopify, its third-party data consultant TaskUs as well as the hardware wallet maker itself. Another Lawsuit According to the official document, the plaintiffs accused Shopify and TaskUs of their “failure to exercise reasonable care in securing and safeguarding” user data connected to the 2020 data breach that affected Ledger SAS crypto...

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Axie Infinity Delays Origin Game Launch Due to Ronin Hack

Axie Infinity has announced postponing the launch of its much-anticipated play-to-earn game – Origin – after what appears to be the biggest hack in DeFi history. According to the post on substack, Axie Infinity: Origin will go live on the Mavis Hub on April 7th. It was originally slated to launch on March 31st. Axie Infinity: Origin Following the major security breach, Axie stated that the platform needs to reprioritize its efforts and delay the launch date by a week. While...

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The Biggest Ever Crypto Hack: What Happened in the Ronin Bridge Attack

Ronin Network, a critical bridge chain that powers Axie Infinity, was attacked, and this resulted in in a loss of 173,600 Ethereum and 25.5M USDC, equivalent to over $600M. Since the breach occurred on March 23rd, the stolen funds have flowed into FTX, Huobi, and CryptoCom, which have all vowed to take actions to trace the funds. Binance said it had temporarily suspended withdrawals and deposits on the Ronin Network. Sky Mavis, the company behind Axie Infinity, said it would...

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Largest Crypto Hack Ever? Ronin Bridge Exploited for $600M+ in ETH and USDC

Ronin – an EVM blockchain for play-to-earn games – recently fell victim to one of the largest hacks in the history of crypto. A whopping 173,600 ETH was drained from Ronin bridge within the last week, alongside another 25.5M USDC. According to a community alert issued by Ronin, the hack occurred due to Ronin validator nodes and Axie DAO validator nodes being compromised. This led to hacked private keys being used to forge two fake network withdrawals (1 and 2) that absorbed...

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Cashio Hacker Sets Conditions to Return Stolen $50 Million

The anonymous hacker behind the theft of over $50 million from the Solana-based stablecoin protocol Cashio has set some conditions for returning the stolen funds to affected users. The Cashio hacker has set forth conditions for returning funds stolen from the decentralized platform. Data from Etherscan shows someone in control of the wallet linked to the exploit detailing how restitution could happen for people affected by the attack. The hacker gave six conditions, part of...

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