Category: Security

Binance, one of the largest cryptocurrency exchanges globally, plans to transfer funds from its Bitcoin cold wallet to a new address for enhanced security and infrastructure. The wallet transfer involves 130,177 BTC, approximately $3.45 billion. On-chain data revealed significant BTC movements and whale activity, highlighting potential implications for users and market volatility.

CertiK, a blockchain security firm, received a $500,000 bounty from the Sui network for identifying a critical vulnerability called “HamsterWheel.” This threat traps nodes in an endless loop, rendering networks inoperable. Sui swiftly fixed the issue ahead of its mainnet launch, highlighting the importance of proactive security initiatives and bug bounty programs.

The crypto community, including Binance and Justin Sun, has donated over $1 million in stablecoins and tokens to blockchain investigator ZachXBT for his legal defense against defamation charges filed by NFT trader MachiBigBrother. The case highlights the importance of independent investigators, the strong bond within the crypto community, and the potential risks crowdfunding might bring to legal proceedings.

Sturdy Finance reopens stablecoin market after an $800,000 exploit, offering a $100,000 bounty for the attacker’s assistance in recovering funds. The incident sparks debate on whether bounties deter malicious actors or attract potential attackers, while hackers develop tactics to hide stolen funds.

The crypto community is concerned about safety and security after a cyber-attack on Floating Point Group (FPG) resulted in a loss of $15 to $20 million, suspending withdrawals, deposits, and trading. The company is working diligently to recover assets and cooperate with law enforcement and agencies like the FBI and DHS. This incident highlights the need for stronger security measures in decentralized finance platforms.

The recent cyberattack on Floating Point Group, resulting in a loss of $15-$20 million in crypto, raises concerns regarding the effectiveness of current security measures, certifications, and audits in protecting digital assets. As the industry evolves, collaboration and comprehensive security strategies are crucial to address the ever-present challenges of securing cryptocurrencies.

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.

Sturdy Finance has offered a $100,000 bounty to the hacker responsible for an exploit resulting in a loss of nearly $800,000 in digital assets. Although this controversial approach has potential to recover lost funds, it may also encourage malicious activities and set a dangerous precedent for future DeFi incidents.

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.

Chinese police report an increase in digital yuan-themed scams amidst the CBDC adoption drive. Fraudsters create authentic-looking apps using digital yuan logos to dupe citizens into transferring their money to illegitimate accounts. Authorities emphasize cybersecurity measures and public awareness campaigns to mitigate these risks while urging individuals to remain vigilant and understand potential risks associated with new technologies.

North Korea’s cyber army has reportedly stolen $3 billion in cryptocurrencies over the past five years, with 50% of the funds allegedly used to fund the country’s ballistic missile program. The magnitude of these stolen funds poses a significant threat to the digital currency industry’s growth and security, highlighting the need for heightened cyber vigilance and collaboration between governments, cybersecurity experts, and crypto exchanges.

Sturdy Finance, a DeFi lending protocol, recently suffered an exploit resulting in a loss of 442 ETH (around $768,800). The platform has paused activity for investigation. The attacker allegedly manipulated the price oracle of a collateral pool, draining funds from Sturdy using a re-entrancy attack.

Sturdy Finance, a decentralized finance (DeFi) protocol, recently suffered a security exploit with a loss of 442 Ether ($800,000). The vulnerability was linked to a faulty price oracle, emphasizing the need for vigilance, strengthened security measures, and continuous monitoring in the crypto space.

Scammers hijacked eight prominent crypto-related Twitter accounts, stealing nearly $1 million worth of cryptocurrency through SIM Swap attacks and potentially a Twitter admin panel. This highlights the need for stronger security measures on social media platforms and increased education and awareness within the crypto community to prevent such scams.

The US Justice Department unsealed charges against Alexey Bilyuchenko and Aleksandr Verner for the $400 million hack of Bitcoin exchange Mt. Gox, alleging they laundered 647,000 BTC. The hack highlights the need for robust security measures in the evolving crypto space while authorities work to enhance security and hold cybercriminals accountable.

The recent charges against Alexey Bilyuchenko and Aleksandr Verner for laundering stolen bitcoins highlight the importance of security in the blockchain and cryptocurrency space. The case reveals dangers of unauthorized access to exchanges and concerns surrounding anonymous crypto trading platforms, emphasizing the need for vigilance and stronger security measures.

The US Department of Justice unsealed charges against two Russian nationals for hacking Mt. Gox and operating defunct trading platform BTC-e, highlighting security risks and prompting discussions on the potential impact of Mt. Gox repayments on Bitcoin’s price. As regulations tighten, the importance of security and transparency becomes ever prominent in the cryptocurrency sector.

Hacker “Pink Drainer” has reportedly stolen over $3 million from nearly 2000 victims using social engineering tactics and fake journalist personas. Despite a decrease in overall hacking incidents, it’s crucial for individuals to evaluate security measures and exercise caution in the crypto space.

Google Cloud now offers $1 million in protection for subscribers to its Security Command Center Premium against undetected crypto mining attacks. This move showcases Google’s commitment to combating cybersecurity threats in the blockchain and crypto space, while raising questions about overall security efficacy.

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.

Swan Bitcoin experienced struggles during a transfer of assets to custodians Fortress Trust and BitGo Trust Company, causing significant outages affecting user transactions. Despite internal issues, CEO Cory Klippsten criticized rival exchanges facing SEC lawsuits and assured clients of constant communication and transparency.

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 FTX exchange collapse has spurred fear and uncertainty in the crypto community. Facing this challenge, Tether, the largest stablecoin issuer, aims to restore consumer faith by ceasing lending from its reserves and emphasizing fully-collateralized loans backed by liquid assets.

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.

The FBI warns that criminals use deepfakes for extortion, targeting victims by altering their photos or videos into explicit content. The increasing difficulty in identifying fraudulent content due to advanced AI technology highlights the importance of exercising caution and protecting personal information online.

New York-based Evertas expanded its cryptocurrency insurance coverage from $5 million to $420 million for crypto custodians and exchanges, following authorization from Arch Insurance International. This significant increase offers improved risk management and addresses safety concerns in the industry, potentially driving wider adoption of cryptocurrency.

The cryptocurrency industry faces another setback as nearly $35 million worth of tokens were stolen from Atomic Wallet, a centralized storage service. This raises questions about security in centralized wallet services and highlights the trade-offs between centralization and security in the crypto space.

Atomic Wallet users reportedly lost over $35 million in a security breach, raising questions about the platform’s security infrastructure. With incidents like this becoming common, robust security measures and user awareness of risks are crucial, and striking a balance between security and user control over assets is paramount.

The recent Atomic Wallet compromises have raised cybersecurity concerns in the crypto world. The platform is working with security agencies, exchanges, and blockchain analytics firms to trace lost funds, highlighting the need for increased safety measures and vigilance within the industry.

Pro-XRP lawyer John Deaton’s phone was hacked, resulting in unauthorized promotion of the LAW token on Twitter. This incident highlights the risks of false information dissemination in the crypto market and the importance of cybersecurity and collaboration to protect investors.