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Tag Archives: Hacking

Over $35 Million Reportely Stolen From Atomic Wallet Users

The week started on a grim note following the large-scale theft of digital assets from Atomic Wallet users resulting in a six-figure loss across different chains. Distraught users have taken to Twitter to challenge some of the Atomic Wallet’s claims after the company assured them that it is working with “leading security companies” and has reached out to organizations that can help trace the stolen funds. Largest Victim Lost ~$8M According to pseudonymous on-chain sleuth...

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Crypto Rug Pull Losses Outpaced DeFi Exploits in May: Report

A new report by blockchain security company Beosin revealed that the total amount of crypto assets lost to exit scams and rug pulls was higher than the amount stolen from decentralized finance (DeFi) projects through exploits and attacks last month. Beosin also discovered that losses from the exploits in May were down 79% compared to April, signaling a continued decline for two consecutive months. Losses From Rug Pulls Surpass DeFi Exploits Over $45 million was lost to crypto...

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Atomic Wallet Hacked: Largest Victim Reportedly Lost 2.8M USDT

The non-custodial decentralized crypto wallet Atomic Wallet – with a reported user base of over five million customers – said some of its users complained about having their digital assets drained. Later reports suggested that numerous users had six figures worth of crypto wiped out, while the largest victim lost nearly $3 million worth of Tether (USDT). The team behind the wallet took it to Twitter yesterday to inform that some users complained about having their accounts...

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Value Stolen in Exploits Down By 70% Since Last Year, More Funds Returned (Report)

A good number of high-profile attacks on the crypto ecosystem took place last year, targeting everything and everyone from Phantom wallets to smart contracts themselves. A common choice of target was cross-chain bridges, which allowed hackers to make off with serious bounties, most notably in the case of Harmony. Sharp Decrease in Attacks However, times seem to be changing, according to a new report from cybersecurity researchers at TRMLabs. According to the paper, the total...

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Half of North Korea’s Missile Programs Funded via Stolen Crypto: White House

According to an undisclosed White House official, North Korea has funded approximately half of its missile tests through crypto theft and cyberattacks.  A recent Chainalysis report suggested that North Korean hackers embezzled $1.7 billion of digital assets in 2022. Arguably the most notorious local hacking collective – the Lazarus Group – stood behind numerous exploits last year, with the $625 million breach on Ronin Network being the most famous one.  North Korean Hackers...

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UK National Pleads Guilty to Stealing $8 Million in Crypto and Hacking Twitter Accounts

Joseph James O’Connor, a 23-year-old British citizen extradited from Spain to the United States on April 26, pleaded guilty to multiple charges, including hacking the social media platform Twitter in 2020. O’Connor, who also uses the online name PlugwalkJoe, has been charged with stealing cryptocurrencies worth $794,000 from a Manhattan-based company through a SIM Swap attack. U.S. prosecutors said O’Connor would forfeit the funds and pay his victims restitution. Besides,...

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Over $100 Million Worth of Crypto Lost in April due to Hacks and Exploits: CertiK

According to the blockchain and smart contract security firm Certified Kernel Tech (better known as CertiK), crypto-related exploits, hacks, and scams in April resulted in losses worth $103 million. The figures for last month are a lot less than the $211 million worth of digital assets which wrongdoers siphoned throughout March 2023. Summarizing the Incidents in April CertiK estimated that the total amount hackers managed to drain last month from crypto projects was...

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CertiK and zk-Sync DEX Merlin Explore $2M Reimbursement Plan for Rugpull Victims

Blockchain security firm CertiK and zk-Sync decentralized exchange (DEX) Merlin are working towards a plan to reimburse users affected by a recent exploit that drained almost $2 million from the latter. Merlin revealed on Thursday that the incident, which was widely believed to be an exploit, was, in fact, a rug pull by several rogue members of its back-end developer team, who manipulated the protocol’s code to achieve their goal. CertiK and Merlin to Compensate Victims...

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zkSync DEX Merlin Exploited for Over $1.8M

Ethereum-based decentralized exchange (DEX) Merlin, which uses zero-knowledge sync (zkSync), has lost more than $1.8 million in a liquidity pool exploit hours after smart contract security firm CertiK audited its code.The hack occurred on Wednesday morning during the public sale of Merlin’s native token, MAGE, with the attacker siphoning several assets, including USD Coin (USDC), Ether (ETH), and other illiquid tokens. Merlin’s LP Drained After Code Audit A few hours after...

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US Treasury Sanctions Individuals Connected to Lazarus Group

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...

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