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:

Coinbase urges Court of Appeals to rule token trades on its platform aren’t securities

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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Coinbase urges Court of Appeals to rule token trades on its platform aren’t securities

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.

Coinbase urges Court of Appeals to rule token trades on its platform aren’t securities

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, […]

Coinbase urges Court of Appeals to rule token trades on its platform aren’t securities

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.

Coinbase urges Court of Appeals to rule token trades on its platform aren’t securities

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. […]

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Coinbase urges Court of Appeals to rule token trades on its platform aren’t securities

Defi Platforms Lose More Than $336 Million in Digital Funds in Q1 of 2024, Study Finds

April 1, 2024 Bitcoin.com

Defi Platforms Lose More Than 6 Million in Digital Funds in Q1 of 2024, Study Finds

bitcoin.com

In the first quarter of 2024, more than $336 million in digital assets were stolen from decentralized finance platforms across 61 incidents of hacking and fraud. During this period, criminals made off with digital assets valued at $144.48 million in two major hacking incidents. In contrast, centralized finance platforms reported no incidents of hacking or […]

Coinbase urges Court of Appeals to rule token trades on its platform aren’t securities

Over $360,000,000 Worth of Crypto Stolen in Month of February, According to PeckShield

March 3, 2024 The Daily Hodl

Over 0,000,000 Worth of Crypto Stolen in Month of February, According to PeckShield

crypto hacks

Financial losses from crypto thefts significantly increased last month, according to blockchain security firm PeckShield. In a new post on the social media platform X, PeckShield says hackers stole around $360.83 million worth of crypto assets in February, up from just $182.54 million in January. Crypto gaming platform PlayDapp (PLA) accounts for the lion’s share […]

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Coinbase urges Court of Appeals to rule token trades on its platform aren’t securities

Over $1,840,000,000 Lost in Hundreds of Crypto Security Incidents Last Year: Blockchain Security Firm

January 8, 2024 The Daily Hodl

Over ,840,000,000 Lost in Hundreds of Crypto Security Incidents Last Year: Blockchain Security Firm

bnb

Blockchain security firm Certik says financial losses related to security incidents in the web3 industry topped over $1.84 billion in 2023. In its annual web3 security report, Certik says there were 751 security incidents last year costing a total of $1,840,879,064, representing a decline of 51% from the $3.7 billion lost in 2022. A larger […]

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Coinbase urges Court of Appeals to rule token trades on its platform aren’t securities

North Korean Hackers Lazarus Group Holds Over $46,000,000 in Bitcoin, Ethereum and Other Crypto: On-Chain Data

September 27, 2023 The Daily Hodl

North Korean Hackers Lazarus Group Holds Over ,000,000 in Bitcoin, Ethereum and Other Crypto: On-Chain Data

Altcoins

The North Korean hacker collective the Lazarus Group holds tens of millions of dollars worth of Bitcoin (BTC) and other digital assets, according to the latest on-chain data. Researchers at 21.co, the parent company of 21shares, the world’s largest crypto exchange-traded product (ETP) issuer, have created a new dashboard showing the crypto holdings of the […]

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crypto hacks

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