Hackers are draining millions of dollars from decentralized finance protocol Euler Finance in an ongoing attack. The theft of crypto funds worth $197 million marks the largest exploit in 2023 so far. Euler Finance said it is aware of the incident.
Every week, ISMG rounds up cybersecurity incidents in the world of digital assets. Between March 3 and March 9, Tender.fi paid a white hat reward to a thief, a Uranium Finance hacker began to launder stolen funds, Algodex revealed security breaches and BitKeep was working to reimburse hack victims.
As U.S. prosecutors continue to probe collapsed cryptocurrency exchange FTX, Nishad Singh, the former head of engineering, has pleaded guilty to multiple criminal charges and agreed to assist prosecutors with their case against founder Sam Bankman-Fried, accused of orchestrating billions in fraud.
Every week, Information Security Media Group rounds up cybersecurity incidents in the world of digital assets. This week, we look at incidents at Hope Finance, decentralized finance firm new malware demanding crypto and a phishing campaign aimed at Coinbase.
Norwegian authorities confiscated crypto assets worth nearly $5.68 million tied to the 2022 Ronin cryptocurrency bridge hack by North Korean state threat actor Lazarus Group. The authority describes the seizure as Norway's largest-ever crypto seizure.
A cryptocurrency service that North Korean hackers used to launder stolen funds and that was sanctioned by the U.S. Department of the Treasury appears to have resumed as "Sinbad." It has laundered almost $100 million in bitcoin from hacks by Lazarus Group, says blockchain analysis firm Elliptic.
The South Korean government sanctioned four North Korean individuals and seven organizations for their involvement in illegal cyber activities to finance the totalitarian regime's nuclear and missile development programs. Stolen cryptocurrency is a principle source of hard currency for North Korea.
Holding cryptocurrencies in anything but a memory drive inside a box shielded with a Faraday cage seemed to tempt fate during 2022. And for that - apart from the outright alleged larceny behind the collapse of FTX - the cryptocurrency world can in large measure finger DeFi platforms.
Another day, another crypto hack: A hacker on Wednesday exploited a smart contract vulnerability on a decentralized platform to steal cryptocurrency. The attacker got away with either $120 million or $1 million, depending on whom you ask. It's complicated.
North Korean hackers stole $1.7 billion in cryptocurrency during 2022, most of it from decentralized finance platforms, Chainalysis finds. North Korean hackers are "systematic and sophisticated" in hacking and laundering stolen funds, and the nation supports cryptocurrency-enabled crime.
The Dutch central bank fined Coinbase 3.3 million euros, saying the U.S. cryptocurrency exchange failed to comply with the national anti-money laundering statute. Since May 2020, Dutch law has required crypto companies operating in the Netherlands to register as money transmitters.
North Korea's Lazarus Group was behind the $100 million theft from the Horizon blockchain bridge, the U.S. federal government confirmed. The FBI vowed "to expose and combat North Korea's use of illicit activities - including cybercrime and virtual currency theft - to generate revenue."
Spanish authorities arrested three senior executives of the now-defunct cryptocurrency exchange platform Bitzlato, Europol announced. The crime coordination agency says about 46% of the assets exchanged through Bitzlato, worth roughly 1 billion euros, were linked to criminal activities.
Cryptocurrency wallet BitKeep says it will compensate victims of a December 2022 hack that cost the users $8 million. The wallet says it will pay victims in USDT stablecoin to counter asset fluctuation. This isn't the first time BitKeep has made customers whole following a hack.
U.S. regulators filed a civil lawsuit against accused Mango Markets manipulator Avraham Eisenberg, who already faces criminal prosecution for allegedly stealing $114 million. The Commodity Futures Trading Commission suit is the agency's first action against an oracle price manipulation strategy.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing inforisktoday.asia, you agree to our use of cookies.