Crypto

Random

Crypto

Flash Loan Attack Takes Beanstalk Defi Platform for $182 Million, Largest Yet of Its Type

April 21, 2022

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.

Gold bitcoin in front of dollar bills showing crypto crimes

Cyber Security News

Crypto Crimes Rake in a Record $20 Billion, but With Only Slight Gains in Overall Activity

January 16, 2023

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.

Metamask Web3 wallets on mobile phone screen showing Chinese hackers

Cyber Security News

Web3 Wallets Targeted by Chinese Hackers; “SeaFlower” Using Cloned Websites to Trick Crypto Traders

June 22, 2022

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.

Wall Street building in New York City showing SEC's X account hack with approval of Bitcoin ETF

Cyber Security News

Hack of SEC’s X Account Used to Prank the Crypto World With News of Bitcoin ETF Approval

January 12, 2024

The crypto world has been anticipating the approval of Bitcoin ETFs by the SEC. A group of hackers touched off premature celebration on Tuesday when they gained control of the SEC's X account, using the unauthorized access to post a fake approval message.

Crypto coins hanging on clotheslines showing crypto laundering and Lazarus group

Cyber Security News

Cross-Chain Crypto Laundering Spikes to $7 Billion, Lazarus Group Responsible for $900 Million

October 11, 2023

New report from Elliptic finds a major spike in cross-chain crypto laundering to $7 billion in the past year. North Korea's state-backed Lazarus group is a major driver, responsible for about 13% ($900 million) alone.

Hacker hunting for crypto showing cyber attacks

Cyber Security Insights

Fighting Back: Emergent Technologies To Secure Crypto Firms Against Cyberattacks

July 4, 2022

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.

Fintech icons on technology background showing attack on DeFi projects and finance pools

Cyber Security News

Rough Week for DeFi Projects With Attacks on Finance Pools, Rug Pulls Creating Massive Losses

August 8, 2023

DeFi projects continue to be a popular target of attack for advanced hackers, as a number of finance pools associated with Curve were hit on July 31 for a total loss of about $61 million. The attack appears to have been the result of a vulnerability found in certain versions of the Vyper programming language.

Website of OpenSea NFT marketplace showing phishing attack

Cyber Security News

Phishing Attack on NFT Marketplace OpenSea Results in Thefts From 17 Accounts; Victims Tricked Into Signing Malicious Payloads

February 24, 2022

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.

Computer code on a screen with a skull showing crypto drainer malware

Cyber Security News

$87 Million Lost to Crypto Drainer as Inferno Malware Fools Customers With Coinbase, Seaport Connection Protocols

January 18, 2024

The Inferno Drainer malware that plagued the crypto world throughout 2023 ultimately compromised about 130,000 victims and stole about $87 million in total, according to a new report from Group-IB. It was part of a broader movement of "crypto drainer" services that some security experts believe is poised to become the next big thing in cybercrime in 2024.

Ethereum coin and hundred dollars bills in leather wallet showing blocking of OFAC sanctioned addresses for DeFi

Cyber Security News

Mixing Service Tornado Cash Begins Blocking OFAC Sanctioned Addresses, Signaling DeFi Willingness to be Regulated

April 26, 2022

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.

Crypto

Flash Loan Attack Takes Beanstalk Defi Platform for $182 Million, Largest Yet of Its Type

Crypto Crimes Rake in a Record $20 Billion, but With Only Slight Gains in Overall Activity

Web3 Wallets Targeted by Chinese Hackers; “SeaFlower” Using Cloned Websites to Trick Crypto Traders

Hack of SEC’s X Account Used to Prank the Crypto World With News of Bitcoin ETF Approval

Cross-Chain Crypto Laundering Spikes to $7 Billion, Lazarus Group Responsible for $900 Million

Fighting Back: Emergent Technologies To Secure Crypto Firms Against Cyberattacks

Rough Week for DeFi Projects With Attacks on Finance Pools, Rug Pulls Creating Massive Losses

Phishing Attack on NFT Marketplace OpenSea Results in Thefts From 17 Accounts; Victims Tricked Into Signing Malicious Payloads

$87 Million Lost to Crypto Drainer as Inferno Malware Fools Customers With Coinbase, Seaport Connection Protocols

Mixing Service Tornado Cash Begins Blocking OFAC Sanctioned Addresses, Signaling DeFi Willingness to be Regulated

Overcoming Key Challenges in an AI-Centric Future

White House Launches the Cyber Trust Mark Labeling Program for Consumer Connected Devices

Google Location Data Privacy Lawsuit Cleared to Proceed

Apple and Google App Stores Fined in Brazil Over Face Manipulator App’s Data Collection