Tag Archives: hacks

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...

Over $35 million in stolen funds from the infamous $305 million DMM Bitcoin hack have been laundered via Huione Guarantee, an online marketplace operated by the Cambodian conglomerate Huione Group. It is interesting to note that this platform is part of a company linked to the Cambodian ruling family and has emerged as a significant hub for illicit funds in Southeast Asia, frequently utilized by criminal organizations, including pig butchering gangs. DMM Hack Funds Through...

Wallets linked to the CoinStats exploiter recently moved almost $1 million in Ether into the controversial crypto mixing protocol Tornado Cash. The latest development comes less than a week after the leading crypt tracker said that investigations are underway. Tornado Cash Inflow Blockchain security firm CertiK flagged that two wallets associated with the CoinStats exploit in June transferred 311 ETH, valued at approximately $959,000, to Tornado Cash. One wallet moved 211...

Crypto-friendly financial institution Evolve Bank and Trust was embroiled in a massive data breach. The bank admitted it had been aware of the incident, which involved the theft of 33 terabytes of user data. While Evolve Bank maintained that customer funds appear to remain untouched, they admitted that the hackers likely managed to download sensitive customer information stored in the bank’s databases. Evolve Bank’s Breach Exposes Bitfinex and Other Firms’ Data The...

Losses from hacks and rug pulls in 2024 year-to-date amount to over $473 million across 108 incidents, according to Immunefi’s latest data. This marks a 20% decrease compared to the same period in 2023, which saw losses of more than $595 million. In May 2024, victims of hacks and fraud lost $52.4 million across 21 incidents, a 12% decrease from May 2023’s losses of almost $60 million and a 28% decrease month over month. The crypto bug bounty platform’s report observed that a...

Sam Kazemian, founder of Frax Finance, has alleged that an inside job at X was responsible for the hack of the project’s official account. The breach, which occurred on June 1, led to the decentralized stablecoin protocol behind FRAX USD losing access to its X account. Frax Finance Hack In a Telegram post dated June 3, Kazemian mentioned that the Frax Finance team is “reasonably sure” they have identified the perpetrator, described as a “serial scammer” known to blockchain...

According to blockchain security firm CertiK, the cryptocurrency sector lost $42.6 million in May to exploits, flash loans, and exit scams. Despite these setbacks, approximately $96.2 million was recovered, offering some relief from the economic impact. Flash Loan Attacks Dominate Blockchain Losses Flash loan attacks caused the largest losses in the crypto sector, totaling approximately $20.7 million. Sonne Finance suffered the most, losing $20 million, followed by TLN...

Japanese cryptocurrency trading platform – DMM Bitcoin – fell victim to a hack resulting in a massive loss of Bitcoin worth around $305 million on May 31st. The exchange confirmed the attack and revealed that 4,502.9 bitcoins were drained from their systems. DMM Bitcoin has not provided additional details regarding the breach but stated that it is conducting an investigation and has implemented measures to avoid a recurrence of such an attack. DMM Bitcoin Hacked Following the...