crypto hacks

Crypto-stealing malware discovered in Python Package Index — Checkmarx

October 11, 2024 Coin Telegraph

According to cybersecurity firm Hacken, financial losses from crypto hacks topped $440 million in the third quarter of 2024.

Researchers at the Checkmarx cybersecurity firm sounded the alarm on a dangerous form of malware uploaded to the Python Package Index (PyPI) — a platform for Python developers to download and share code — that steals private keys, mnemonic phrases, and other sensitive user data.

According to the firm, the malware was automatically uploaded by a suspicious user in several different software packages meant to mimic decoding applications for popular wallets like MetaMask, Atomic, TronLink, Ronin, and other industry staples.

The malware was cleverly embedded within parts of the software packages. This allowed the malicious software to go largely undetected due to what appeared to be harmless code.

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Funds Lost in Crypto Hacks Witnessing Downtrend As Industry Adopts Stronger Security Measures, Says Binance

October 6, 2024 The Daily Hodl

Binance

Crypto exchange Binance says that the amount of digital assets lost in hacks this year is significantly lower than the figures seen in previous years. In its Monthly Market Insights report, the largest crypto exchange in the world by trading volume says that digital asset owners have lost about $1.3 billion in hacks so far […]

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Bitcoin ETFs are next major target for North Korean hackers — Cyvers

September 11, 2024 Coin Telegraph

bitcoin etf

North Korean hackers could be eying the infrastructure around Bitcoin ETFs, lured by the $52 billion worth of cumulative holdings.

North Korean hackers, including the infamous Lazarus Group, may begin targeting larger objectives, including United States-based Bitcoin (BTC) exchange-traded funds (ETFs).

The Lazarus Group is associated with some of the most notorious hacks in the cryptocurrency space, including the biggest hack in decentralized finance, the $625 million Ronin bridge hack.

Hackers could start shifting their attention to the US Bitcoin ETFs due to the sizable potential bounty, according to Michael Pearl, vice president of GTM strategy at onchain security company Cyvers.

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Angel Drainer upgraded, deploying 300+ malicious dApps in 4 days

September 5, 2024 Coin Telegraph

angel drainer

Notorious crypto phishing app Angel Drainer is back with a new system dubbed “AngelX” and it's easier to use and stealthier than ever before.

The notorious crypto phishing toolkit Angel Drainer is back, this time with a new and improved version called AngelX which has already deployed hundreds of malicious apps, according to a new report from blockchain security firm Blockaid.

In a Sept. 4 statement shared with Cointelegraph, Blockaid said the new AngelX system had already deployed 300 malicious decentralized applications (DApps) designed to steal digital assets from crypto users.

Blockaid said one of the more worrying features of AngelX is its upgraded support for phishing apps targeting users on “newer, less mature blockchains,” including The Open Network (TON) and Tron network.

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Critical bug identified and remedied in Circle’s Noble-CCTP

August 27, 2024 Coin Telegraph

Circle

Blockchain security firm Asymmetric Research privately disclosed the vulnerability to Circle, which has since been addressed.

On Aug. 27, Asymmetric Research revealed it identified a critical bug in Circle’s Noble-CCTP, a component of the USDC (USDC) Cross-Chain Transfer Protocol, on the Cosmos network.

According to the Web3 security firm, a malicious actor could have potentially sidestepped the cross-chain transfer protocol’s message sender verification process to mint fake USDC tokens on the Noble bridge.

More specifically, the Noble-CCTP “ReceiveMessage” handler was accepting “BurnMessages” from any sender without first checking that the bridging message was sent from a verified “TokenMessenger” address on the original chain. The security firm outlined the vulnerability in greater detail:

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Crypto Hacks Double in First Half of the Year to Over $1,380,000,000, According to Blockchain Intelligence Firm

July 7, 2024 The Daily Hodl

crypto hacks

Hackers stole more than twice the amount of crypto assets in the first half of 2024 compared to the same period last year, according to blockchain intelligence firm TRM. In a new report, TRM says that from January to June 24th of this year, cybercriminals siphoned $1.38 billion worth of crypto assets through hacks and […]

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Crypto losses from hacks and scams soared by 113% in Q2 2024 to reach $572M

June 27, 2024 Coin Telegraph

Crypto losses from hacks and scams soared by 113% in Q2 2024 to reach 2M

Blockchain security

Losses from scams and exploits increased in the second quarter as centralized exchanges lost millions, reversing a previous downtrend.

Crypto losses from hacks and scams more than doubled in the second quarter of 2024 compared to the same period the previous year, according to research from blockchain security platform Immunefi.

Over $572 million was lost in Q2, compared to only $220 million in Q2 of 2023. Centralized exchange hacks made up the bulk of the losses in the quarter.

Prior to the second quarter, losses from hacks and scams had been declining, with Immunefi reporting a 23% reduction in Q1. This decline continued through April and most of May, but losses dramatically increased at the end of May and June.

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North Korean Hacker Group Targets South Korean Crypto Firms With New ‘Durian’ Malware

May 13, 2024 Bitcoin.com

bitcoin.com

The North Korean hacker organization Kimsuky has employed a new malware named “Durian” in targeted cyber attacks against at least two South Korean cryptocurrency companies, according to a report by cybersecurity firm Kaspersky. This malware variant, characterized by its multifunctional backdoor capabilities, was distributed through exploiting legitimate security software specific to South Korean crypto firms, […]

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North Korean hackers deploy ‘Durian’ malware, targeting crypto firms

May 13, 2024 Coin Telegraph

Coin Telegraph

The state-backed North Korean hacking group Kimsuky reportedly used a new malware variant to target at least two South Korean crypto firms.

North Korean hackers are utilizing a “striking” new malware variant dubbed “Durian” to reportedly launch attacks on South Korean crypto firms.

The North Korean hacking group Kimsuky used the new malware in a series of targeted attacks on at least two cryptocurrency firms so far, according to a May 9 threat report from cybersecurity firm Kaspersky.

This was done through a “persistent” attack by exploiting legitimate security software used exclusively by crypto firms in South Korea.

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US Hacker Handed Three-Year Prison Sentence for Looting $12,000,000+ in Crypto From Two Decentralized Exchanges

April 13, 2024 The Daily Hodl

crypto

A US hacker convicted of plundering more than $12 million worth of crypto assets from two decentralized exchanges (DEXs) was sentenced to three years in prison. In July 2022, Shakeeb Ahmed, a security engineer, used fake pricing data to generate approximately $9 million worth of inflated fees on an unnamed DEX, according to the U.S. […]

The post US Hacker Handed Three-Year Prison Sentence for Looting $12,000,000+ in Crypto From Two Decentralized Exchanges appeared first on The Daily Hodl.

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