Tag Archives: hacks

Ethereum Layer 2 platform, Abstract, has released an initial post-mortem on a security incident that resulted in the compromise of approximately $400,000 worth of ETH across 9,000 wallets interacting with Cardex, a blockchain-based game on its network. The report clarified that the breach stemmed from vulnerabilities in Cardex’s frontend code rather than an issue with Abstract’s core infrastructure or session key validation contracts. Cardex Wallet Compromise The incident...

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned two individuals and one entity involved in a network laundering millions of dollars in illicit funds for North Korea. Lu Huaying and Zhang Jian, based in the United Arab Emirates (UAE), used a UAE-based front company to facilitate money laundering and cryptocurrency conversion, funneling the proceeds back to Pyongyang. OFAC Imposes Sanctions In its official press release on December...

A new wave of crypto scams has emerged, with attackers using fake X accounts to impersonate popular influencers and lure unsuspecting users into fraudulent Telegram groups. Users are then manipulated into installing malware that compromises crypto wallet data. Scammers Moving Beyond Simple Phishing Scams According to blockchain security firm Scam Sniffer, the scammers comment on legitimate posts, enticing users with offers of exclusive investment insights and “alpha” tips....

Charles Hoskinson, the founder of IOG – the organization between the Cardano ecosystem, has informed that the Cardano Foundation’s X account has been compromised by bad actors. They posted a tween about an SEC lawsuit, claiming that the Foundation will cease its support for ADA. The false statement begins by explaining that the US Securities and Exchange Commission has continued with its war against crypto under the current regime by filing a lawsuit against the Cardano...

Decentralized exchange (DEX) Clipper experienced a security incident at 4 am UTC on December 1, targeting its liquidity pools on Optimism and Base. Chaofan Shou, co-founder of security firm Fuzzland, initially attributed the exploit to a private key leak, allowing the attacker to authorize deposit and withdrawal transactions. Clipper, however, has refuted this explanation, stating that its security model is specifically designed to safeguard against such issues. The Exploit...

Federal prosecutors in the United States have filed charges against five individuals accused of carrying out a complex phishing and hacking operation that targeted employees of companies across the country. According to authorities, the scheme led to the theft of intellectual property, sensitive corporate data, and millions of dollars in cryptocurrency, including $6.3 million stolen from a single victim. Details of the Alleged Scheme The alleged operation, which spanned...

South Korean investigators revealed that the 2019 Upbit cryptocurrency heist, which resulted in the theft of $50 million worth of ETH, was carried out by North Korean hacking groups Lazarus and Andariel, linked to the Reconnaissance General Bureau, which happens to be DPRK’s premiere intelligence organization. Upbit, one of South Korea’s leading crypto exchanges, first reported the attack exactly five years ago. During the incident, 342,000 ETH, worth around $147 per ether,...

The person behind 2023’s Euler Finance hack has congratulated the Penpie exploiter after the latter moved the bulk of the funds they stole to Tornado Cash. The Penpie thief transferred the money even as the decentralized finance (DeFi) platform pleaded for the funds to be returned in exchange for a bounty. The $27M Penpie Protocol Hack On Sep. 6, blockchain security company Peckshield made a post on X featuring the Euler Finance exploiter’s message to the Penpie protocol...

Binance has announced that its security team has successfully recovered or frozen more than $73 million in user funds from external hacks as of July 31 this year. This latest figure exceeds the roughly $55 million recovered in all of 2023. Binance’s 2024 Security Efforts As per the official press release shared with CryptoPotato, Binance asserted working closely with the public sector to ensure affected users receive the necessary assistance.  About 80% of these recoveries...

In response to the devastating $230 million security breach, WazirX revealed that it has filed a formal police complaint and is exploring additional legal avenues to hold those responsible accountable. Immediate actions include reporting the incident to the Financial Intelligence Unit (FIU) and the Indian Computer Emergency Response Team (CERT-In). WazirX’s Comprehensive Action Plan In the latest update, the Indian crypto exchange also said that it has reached out to over 500...