Search Results for: stake.com

Stake, a popular crypto betting platform, suffered a shocking $40 million exploit in early September, starting with irregular transactions. Despite the massive security breach, Stake assured users that funds would be protected and possibly restored soon, reaffirming the resilience of some crypto platforms.

“September 2023 heralded a significant blow to the crypto world, with a staggering $332 million lost to various exploits, scams, and hacks. The biggest loss, however, came from exploits, causing about $329.8 million damage. High-profile cyber attacks underscore the need for enhanced security in the crypto-ecosphere and highlight the potential misuse of cryptocurrency.”

“Cybersecurity experts warn of a new malware variant, “LightlessCan”, orchestrated by Lazarus Group. This sophisticated malware is deployed via employment scams, leading to cyber espionage. LightlessCan uses a Remote Access Trojan (RAT), mimicking Windows commands for stealthy execution and employs multiple encryption methods.”

Reports suggest that the notorious North Korean hacking group Lazarus Group has a cryptocurrency reserve worth over $47 million, mostly in Bitcoin, according to institutional crypto platform provider, 21.co. The hacker group’s stash was tracked to 295 wallets identified by the US Government.

“The North Korean Lazarus Group, a notorious hacking collective, reportedly has $47 million in cryptocurrencies, the majority in Bitcoin. Despite a surprising lack of privacy coins, their wallets are active, suggesting underreported holdings. Previously implicated in major crypto hacks, their activities question security in blockchain.”

“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.”

“The North Korea-affiliated Lazarus Group has allegedly stolen $41 million in crypto from Stake.com, according to the FBI. Using a leaked private key to a hot wallet, the loot spread across Ethereum, BSC, Polygon, and Bitcoin networks. These hacking events highlight the crypto industry’s vulnerability and necessity for effective security measures.”