Search Results for: Elliptic

“Illicit funds” totaling $7 billion have been laundered through Decentralized Exchanges, cross-chain bridges and non-KYC exchanges, surpassing Elliptic’s predictions. Complex methods like derivatives trading and limit orders provide obscurity for money laundering schemes, with $2.7 billion laundered from July 2022 to 2023.

“Lazarus, a North Korean hacking group, has reportedly stolen $240 million worth of cryptocurrencies in the last 104 days. A rising number of breaches, particularly within the Ethereum network, demand strengthened security frameworks and proactive defense mechanisms to detect, prevent cyber attacks and safeguard digital assets.”

“Worldcoin, known for its proof of humanity protocol, faced criticism over data collection practices. Post security audits by Nethermind and Least Authority, 24 out of 26 identified issues were resolved. Unaddressed issues remain a concern despite progress in addressing challenges for this biometric security and blockchain blend.”

Atomic Wallet recently disclosed new details about its June 3 hack, affecting less than 0.1% of its users. The company is working to recover lost funds and collaborating with exchanges and blockchain analysis firms Chainalysis and Crystal. While the total amount stolen remains undisclosed, Elliptic reported a figure of over $100 million, with possible links to the North Korean hacking group Lazarus.

Hackers exploited Atomic Wallet for over $100 million, using THORChain to conceal their tracks by converting stolen ETH to BTC. Connected to the North Korean group Lazarus, these hackers have a history of attacking crypto exchanges and using chain-hopping techniques to launder funds.

Hackers targeted Atomic Wallet, stealing $35 million and using THORChain to launder their gains. Blockchain analysis firm MistTrack tracked the stolen funds, exposing the transparency of blockchain technology. Yet, concerns about digital asset security and decentralization misuse persist.

Elliptic discovered that over $100 million was lost by Atomic Wallet users, with more than 5,500 wallets compromised. The Lazarus Group, allegedly linked to North Korea, is believed to be behind the breach. Dr. Sarah Brown emphasizes the need for advanced security protocols and user vigilance in the crypto market.

Atomic Wallet faced a cyberattack resulting in over $100 million in losses, affecting 5,500 crypto wallets. Blockchain analysis company Elliptic attributed the theft to the Lazarus Group and highlighted the crucial need for enhanced security measures and vigilance in the growing crypto market.

The Atomic Wallet, with over 5,500 wallets affected, experienced a $100 million hack compromising various cryptocurrencies. Blockchain experts suspect North Korean group Lazarus may be responsible. This marks the increasing vulnerability in the crypto world, highlighting the importance of security features and vigilance when choosing wallets and services.

The crypto world experienced a major security breach as attackers exploited Atomic Wallet and stole $35 million in tokens. As funds move via the OFAC-sanctioned exchange Garantex, the involvement of North Korean hacking group Lazarus is suspected. This incident highlights the challenges cryptocurrencies face for security and regulatory compliance.

North Korean cybercriminals allegedly targeted South Korean ministers in a crypto hacking campaign, seizing a server with two cryptocurrency wallet addresses. Authorities continue to investigate if this is an attempt to steal funds or access valuable information, emphasizing the importance of robust security measures for users and institutions.

Atomic Wallet users might have fallen victim to Lazarus hacking group, losing around $35 million in cryptocurrencies. Elliptic identified connections between wallets from this hack and previous Lazarus hacks, as stolen crypto was funneled to the Sindbad.io mixer. The incident highlights the need for better security practices and scrutiny of wallet designs in the crypto ecosystem.

The $35 million Atomic Wallet hack involved stolen funds traced to Sinbad, a coin mixing service popular among North Korean hacker cell Lazarus. Coin mixers provide anonymity in crypto transactions, but their use for illicit activities poses challenges for law enforcement and regulatory measures.

Chinese chemical manufacturers are increasingly accepting cryptocurrencies like Bitcoin and Tether for fentanyl ingredients, with transactions totaling over $27 million. Elliptic’s report reveals a 450% year-on-year increase in transaction volume and raises questions about digital currencies’ role in illegal drug trade. Increasing regulation may become crucial to address this issue.

Japan has suffered $721 million in cryptocurrency theft by North Korean hackers, accounting for 30% of the global total, according to a study by Elliptic. Lax security systems in Japan and Vietnam are said to be the primary reasons for their vulnerability. The findings emphasize the importance of implementing robust security measures and increasing international cooperation against such threats.

North Korean hackers have allegedly stolen $721 million in cryptocurrency from Japan since 2017, contributing to 30% of global crypto thefts. Japan’s favorable regulatory environment and increased cryptocurrency adoption create an attractive target, requiring a balance between innovation and stringent security measures to protect investors.