Inferno Drainer, one of the most widely used wallet-draining services in recent memory, has announced that it will be ceasing operations effective immediately. Over $70 Million Stolen While Active Earlier this spring, the first mentions of the Inferno drainer – a service that “helped” bad actors steal funds out of other wallets in exchange for...Read More
The latest in a string of DeFi platforms to be exploited, Kyber Network was attacked earlier today, with over $46 million worth of funds stolen. 🚨Urgent🚨 Dear KyberSwap Elastic Users,We regret to inform you that KyberSwap Elastic has experienced a security incident. As a precautionary measure, we strongly advise all users to promptly withdraw their...Read More
On the 17th of November, an unknown individual who may have been working as part of a team targeted the dYdX exchange and its YFI token. Allegedly, the same actor had previously tried a similar strategy on the exchange’s SUSHI market merely 2 weeks prior. Good Trades Or Malicious Intent? These trades, which the platform’s...Read More
The latest cyberattack on Coin Cloud, the defunct Bitcoin ATM company, by an anonymous hacking group has raised alarming concerns about the physical safety of the exposed users. The hackers claim to have infiltrated 300,000 Coin Cloud customers of personal information, including critical details such as social security numbers, dates of birth, names, email addresses,...Read More
According to the latest report from Immunefi, from January to October 2023, over $1.41 billion has been lost to hacking and fraudulent activities in 292 specific incidents. In October 2023 alone, losses amounted to approximately $22.2 million, primarily attributed to hacking and fraud. The most frequently targeted blockchain networks during the period were BNB Chain...Read More
ZachXBT is back with yet another exposé. This time, a Canadian scammer known as Yahya has been exposed by the pseudonymous on-chain sleuth for their alleged involvement in 17+ SIM swaps, which resulted in the theft of more than $4.5 million. ZachXBT Unmasks Fraudster Yahya ZachXBT discovered that Yahya’s role involved conducting account searches on various...Read More
Decentralized finance (DeFi) protocol Platypus Finance has suffered yet another flash loan exploit that resulted in the loss of over $2 million. Blockchain security firm PeckShield was the first to alert the community about the hack on October 12th, shortly after which the platform announced temporarily suspending all pools. On-chain data also suggest that the...Read More
3Commas, a popular crypto trading bot, provides smart trading solutions for investors worldwide. Unfortunately, the popularity of the tool also makes it a big glowing target for bad actors, who are sometimes successful in their attempts at getting ahold of user data – or even the bot’s API data. Fortunately, the most recent attack was...Read More
In late September, HTX – Huobi’s rebranded global exchange – was hit by an attack that left it almost $8 million in the hole. The attacker made off with 4,997 ETH, worth about $7.9 million, from the exchange’s hot wallet. At the time, HTX CEO Justin Sun stated that the identity of the attacker had...Read More
Digital asset exchange Bittrex is reportedly being sued over a SIM swap-related incident that allowed hackers to steal 100 Bitcoin (BTC), which are valued at around $1 million at current market prices. The case appears to be quite similar to other recent incidents in which a bad actor gains control of a user’s cell phone...Read More
11 open-source code libraries written in Ruby contained cryptojacking code and were downloaded thousands of times. A Cryptojacking code was found in 11 open-source code libraries written in Ruby, which have been downloaded thousands of times. Industry news outlet Decrypt reported on Aug. 21 that cryptojacking code has been added to 11 open-source Ruby libraries...Read More
The assigned liquidator for the collapsed New Zealand-based cryptocurrency exchange Cryptopia says it’s making progress in determining customer holdings, but that the management of user funds by the exchange has caused delays. Professional services firm Grant Thornton New Zealand was assigned to oversee the liquidation process in May, after the exchange had failed to recover from...Read More
