A new study from Chainalysis finds that crypto crimes are proving more lucrative than ever for organized criminal gangs, but that illicit activity overall only saw a slight raise from its record low levels in 2021.
A strong recovery and resilience strategy will ensure that crypto and DeFi firms are able to rebound from cyber attacks with minimal disruptions to their operations, mitigating losses for their investors and users.
The Beanstalk attacker managed to get away with $80 million in illicit crypto funds, though the DeFi platform is looking at a total $182 million loss due to remediation and a sharp value drop that sent the token from $1 to 11 cents in value overnight.
Mixing Service Tornado Cash Begins Blocking OFAC Sanctioned Addresses, Signaling DeFi Willingness to be Regulated
Tornado Cash said that the OFAC sanctioned address that was being used to process the $625 million stolen from NFT game Axie Infinity's Ronin bridge had already been blocked.
Phishing Attack on NFT Marketplace OpenSea Results in Thefts From 17 Accounts; Victims Tricked Into Signing Malicious Payloads
The attack on the OpenSea NFT marketplace does not appear to be a code issue or vulnerability, the phishing attacks apparently involved unknown threat actors approaching individual users and tricking them into signing a malicious payload.
A Reuters report indicates that popular cryptocurrency exchange Binance was pressured into handing user data over to the Russian FSB, but the company denies that the story is accurate.
The Chinese hackers are distributing backdoored Web3 wallets, primarily targeting searches for Coinbase Wallet, imToken, MetaMask and Token Pocket, and are focused on both iOS and Android users.