Tag Archives: security

The decentralized finance (DeFi) space continues to experience frequent attacks, and the latest victim is Warp Finance. The project admitted earlier today that undisclosed perpetrators have compromised the protocol and taken nearly $8 million by initiating a flash loan attack.$7.7M Taken In A Flash Loan AttackThe significant growth of the DeFi space that attracted billions of dollars locked in numerous protocols has also garnered the attention of bad actors. Hackers have frequently exploited...

The attacker that drained over $8 million in NXM from the founder of Nexus Mutual had requested $2.8 million in ETH to stop disposing of the funds. As such, it seems that he has rejected the bounty offer from Hugh Karp of $300,000.What Happened With The Funds Of The Hack?CryptoPotato reported earlier this week that an unknown perpetrator drained over $8 million worth of the NXM token from Hugh Karp – the founder of the popular DeFi insurance provider – Nexus Mutual.The attacker duped Karp by...

The personal address of Hugh Karp, the founder of the Ethereum-based insurance provider Nexus Mutual, has been drained for over $8 million worth of the NXM token by an already registered user. Despite the attack, Nexus Mutual has reassured that the customers’ funds are safe.Nexus Mutual Founder Drained For $8M In NXMThe popular project took it to Twitter earlier today to explain the situation. The undisclosed attacker completed a know-your-customer (KYC) procedure 11 days ago on the platform...

A recent report by a blockchain analytics company showed that criminals have started to utilize privacy wallets to hide their illicit bitcoin transactions. The usage of such wallets has skyrocketed since 2019, and now over 13% of all crime proceeds go through them.The Growing Role Of Privacy Wallets For Illicit ActivitiesThe UK-based analytics company Elliptic highlighted in its latest report the increase in the number of money laundering cases using bitcoin. However, it pointed out a...

One of the world’s largest electronics manufacturers, Foxconn Technology Group (better known as Foxconn), has become the latest ransomware attack victim. A hacker’s group had reportedly compromised data from the company’s North American facility during the Thanksgiving weekend and has requested over 1,800 bitcoins as demand.DopplePaymer Ransomware Attack On FoxconnEstablished in 1974, Foxconn has become one of the largest electronics manufacturers in the world, whose subsidiaries include...

The Australian cryptocurrency exchange, BTC Markets, has inadvertently exposed more than 270,000 emails of its customers. The company apologized for the inconvenience and reassured that all other data, including users’ funds, is safe.BTC Markets Exposes Customers’ EmailsA user going by the Twitter handle Stevosxrp.crypto took it to Jack Dorsey’s social media giant and Reddit to first complain about BTC Markets’ screw up. The Australian-based exchange later confirmed the breach on its official...

Months after the infamous hack on its platform, the social media giant Twitter has appointed a noted hacker as its head of security. Pieter Zatko, also known as “Mudge,” has also testified before Congress, educated President Bill Clinton about DDoS attacks, and worked in Google and the Defense Advanced Research Projects Agency (DARPA). Twitter To Fight Hacks With A Hacker According to the Reuters coverage, the social media platform has appointed one of the “best-regarded...

Over a month after being hacked and drained for nearly $300 million worth of various cryptocurrencies, the popular exchange KuCoin has recovered 84% of all funds. The company’s CEO also indicated that they will resume full service for all tokens by November 22nd. KuCoin Recovers 84% Of All Stolen Funds As CryptoPotato reported in late September, the cryptocurrency exchange KuCoin experienced a “security incident,” which resulted in the loss of millions of dollars worth of...

A few days ago, a mysterious Twitter user claimed to have found the magic formula to crack Monero. Fireice_UK shared a web address that “revealed” personal information of several Monero users, even including their sexual preferences. “Anonymous” cryptocurrency #Monero broken. https://t.co/M2tDXFzpLb You can now check how many paedophiles thought it is private today. 100 new IP addresses, transaction details and user’s porn preferences published every day.#SaveTheChildren...

Shortly after suspending withdrawals and deposits to its platform, the crypto lending service Cred has filed for Chapter 11 bankruptcy protection.  CryptoPotato reported in late October that the US-based platform had temporarily suspended all funds inflows and outflows while assisting law enforcement agencies in investigating an “incident.”  According to an official announcement from this past weekend, Cred INC. has “commenced a voluntary Chapter 11 case in the United States...