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27 articles found
Latest
How Does Multisig Works and Protect Your Assets?
As threats to digital assets evolve, multisig technology provides a highly effective security layer. By requiring multiple signatures for transactions, it significantly reduces risks such as hacking and access loss.
Social Engineering in Crypto: Top 5 Fraud Schemes
A recent hacking incident has highlighted that while fraudsters' tactics may vary technically, their underlying principles are remarkably consistent. In today’s digital landscape, recognizing emerging scam tactics is an essential skill for any crypto users.
WazirX Discloses Hacking Investigation Details
The exchange asserts that their computers showed no signs of compromise during the recent incident, pointing to the breach of their custodian, Liminal Custody, as the main factor.
Joe Grand: Hacking Crypto Wallets for Good
Joe Grand, also known as "Kingpin," is a computer engineer, hardware hacker, and tech YouTuber. Using his knowledge and skills, Grand can build technologies and crack systems. Among the crypto community, he is famous for successful cases of hacking crypto wallets and helping clients regain control over their cryptocurrencies.
Hackers Pose as Crypto Executives in Phishing Schemes
The North Korean hacking group Lazarus is now impersonating the CEO of Fenbushi Capital, a Chinese digital asset management company, to launch phishing attacks on LinkedIn users, reports cybersecurity firm SlowMist.
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First-Ever Conviction for Smart Contract Hacking: Stage is Set
On April 12th, a former senior security engineer for a major international tech company was sentenced to three years in prison. His crimes involved the hacking of two decentralized cryptoexchanges, as well as the theft of over $12 million in digital assets.
LockBit Hack: Everything You Need to Know
LockBit is one of the most deployed ransomware globally. This hacking group has compromised thousands of entities, spanning financial institutions, logistics companies, and healthcare organizations. These victims are now backed by an international law enforcement task force called Operation Cronos.
PlayDapp Endures Double Hack Disaster
PlayDapp, the cryptocurrency gaming platform, is reeling from a massive $290 million token loss following two hacking incidents in just one week. The initial breach was on February 9, where a hacker managed to mint 200 million PLA tokens, valued at $36.5 million, presumably by cracking into the developers' private key.
Unibot fully compensated users for hacking losses (~$650 000)
‘We’ll be working with tier 1 auditors to strengthen our security around new features and push industry-leading practices in protecting our users,’ says Unibot’s team.
Atomic Wallet faces class-action lawsuit over a $100 million hack
Atomic Wallet has landed in legal hot waters. This development comes after a hacking event that wiped out more than $100 million. The claimants assert that the developers neither informed the users about the security vulnerability nor contacted law enforcement after the breach. Many prosperous investors, some having affiliations with Russia, are included in the court case.
Bit-Knox Bunker: The Cold Storage Fortress Protecting Your Crypto
With cyber threats growing more sophisticated and hacking attacks on crypto exchanges and wallets becoming more frequent, securing digital assets is more crucial than ever. The underground Bit-Knox bunker in the Swiss Alps offers one of the most secure (and exclusive) solutions.
Hackers Target Centralized Exchanges, Immunefi Reports
Analytical firm Immunefi has released a new quarterly report on fraudulent activities and hacking attacks in the cryptocurrency sector. The data revealed might alter existing views on the security of crypto platforms.
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Bittensor Suffers $8 Million Security Hack
Bittensor, a decentralized network for AI systems, has reported a hacking incident on July 2 that resulted in the theft of $8 million worth of TAO tokens.
The World of Hackers: Decoding the Shades of Their Hats
Most internet users are familiar with the terms "black hat" and "white hat" hackers. Many have even felt the effects of hacking attacks. However, the spectrum of hacker "hats" extends far beyond the classic dichotomy of black and white.
The Fall of Chivo: Hackers Leak More Data
CiberInteligenciaSV, the hacking group behind the security breach of El Salvador's state-run Bitcoin wallet Chivo, has started leaking portions of the app's source code. They had already disclosed the personal information of almost all adult users in El Salvador (5.1 million people) who downloaded the wallet.
Unizen to Reimburse Affected Users
The DeFi project Unizen has announced plans to refund victims of a hacking attack that resulted in losses of $2.1 million. Users who lost less than $750,000 will receive compensation "immediately."
Major Heist: Ronin and Axie Infinity Co-founder Hacked
Jeff Zirlin, the co-founder of EVM blockchain Ronin and the popular game Axie Infinity, suffered a significant loss of approximately $10.5 million in cryptocurrency following the hacking of two personal wallets.
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Hackers Launches Attacks on ChatGPT
A hacking group with ties to Russia, known as Anonymous Sudan, has claimed responsibility for the recent DDoS attacks that intermittently disrupted OpenAI’s ChatGPT services.
Connext's Airdrop Sabotaged
After launching its new token, NEXT, Connext experienced a Sybil attack during the airdrop phase. A perpetrator managed to acquire $38,000 in tokens, which were earmarked for genuine users. Notably, Connext is a protocol built for the secure transfer of both assets and data across different networks. Interestingly, the project’s prior efforts to implement an anti-Sybil program proved to be ineffective in preventing the hacking attempt.
Security breach at Exactly protocol
The Exactly Protocol has suffered a hacking attack. Running on the Optimism blockchain, this lending DeFi platform was targeted by malefactors who stole over 4300 ETH, totaling approximately $7.3 million. Both BlockSec and Beosin security agencies have corroborated the theft. The hackers reportedly found and exploited a weak point in the platform's smart contracts, although the finer details are still under wraps. UPD: The team at Exactly Protocol would declare a $700,000 reward for any leads on the hacker, should they not receive a response from the malefactor by the end of August 22nd. "You can return the funds, minus a 10% fee to you, without worries about us coming after you," the Exactly team conveyed in their message.
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