Tag Archives: Hacking

North Korea’s notorious state-backed Lazarus Group is speculated to be behind the $55 million hack of crypto exchange CoinEx. According to prominent on-chain sleuth ZachXBT’s latest update, the attackers “accidentally” connected their address to the $41 million hack of the betting platform Stake.com. Just a day after the exploit, the investigator flagged an Ethereum wallet address that was likely owned by the attackers of both CoinEx and Stake.com, implying that the same...

Global cryptocurrency exchange CoinEx has been hacked for at least $29 million, with blockchain sleuths identifying a series of suspicious transactions leaving the firm’s hot wallets. Crypto security platform Cyvers reported the breach on Tuesday, calling on CoinEx to halt all deposits and withdrawals immediately. The hack occurred across three different blockchains, involving a wide variety of tokens. In total, thieves stole $18.12 million in assets on Ethereum, $8.5 million...

Vitalik Buterin, the co-founder of the second-largest blockchain, Ethereum, had his X account hacked to portray a phishing site that reportedly drained over $800,000. The fraudulent post has been deleted since, and the account has been restored. The blockchain security resource PeckShield was among the first to alert about the ongoing hack later last night, showcasing the suspicious post coming from Buterin’s account. It read that Consensys has decided to distribute...

The US Federal Bureau of Investigations (FBI) claimed that the notorious North Korea-sponsored hacking syndicate Lazarus Group is responsible for the recent attack on the cryptocurrency sports betting and casino platform Stake. The hack resulted in the loss of over $41 million worth of crypto assets from the gambling firm. Lazarus Group Behind Stake Hack In a press release issued on Sept. 6, 2023, the FBI said it carried out investigations into the Stake hack, which revealed...

Millions of digital assets have been stolen by cyber adversaries via DNS hijacking attacks for phishing purposes, targeting users’ wallet seed phrases, or creating deceptive webpages that closely resemble legitimate sites. Attacks on Domain Name Systems (DNSs) play a crucial role in the internet’s infrastructure, providing insights into security incidents in Web 2 that have directly affected the Web3 industry. However, transitioning to decentralized frontends has emerged as a...

The security services platform that offers protection against Web3 bugs – Immunefi – estimated that hackers and fraudsters have drained approximately $23.4 million worth of digital assets from crypto projects in August. While the figure might sound significant, it is 92% less than the recorded losses in July when wrongdoers siphoned over $320 million. Last Month’s Numbers As analyzed by the platform, the exact losses that crypto projects suffered due to such attacks in August...

On the 22nd of August, Balancer Labs – a non-custodial portfolio manager, liquidity provider, and price sensor – received reports of a massive vulnerability affecting several of its lending pools. At the time, no attacks had been carried out – but that changed recently. Community Alerted As soon as the exploit was discovered, Balancer devs published a warning to its users, noting that certain pools had already been marked as safe and promising a post-mortem of the situation...

A collective of 50 Russian customers of the non-custodial decentralized wallet – Atomic Wallet – have reportedly launched a class action lawsuit against it after becoming victims of a recent $100 million exploit.  Some believe the North Korean hackers – the Lazarus Group – were responsible for the heist. However, Boris Feldman (who coordinates the victims’ efforts) thinks there might be Ukrainian involvement in the attack. Working on Recovering Lost Assets According to recent...

Hacker groups affiliated with North Korea have become highly active in the digital asset space, relentlessly pilfering funds. Despite a decrease from the record-breaking numbers of 2022, the “hermit kingdom” has continued to concentrate on the cryptocurrency landscape this year. In fact, the stolen funds are being funneled in billions into the country’s nuclear program. North Korea’s Crypto Heists According to a report by local media outlet Asia Today, South Korea’s National...

A crypto wallet connected to the October 2022 BNB Chain $600 million exploit has lost roughly $63 million on the decentralized lending platform Venus Protocol due to liquidation that resulted from the massive bloodbath in the market yesterday. According to a series of tweets by blockchain security firm PeckShield, the exploiter’s wallet was first liquidated of 1.1 million Venus BNB (vBNB) worth around $9.9 million with the asset’s price as $9.4. The second liquidation was...