Self-custodial wallet Safe Wallet says that a compromised developer’s laptop was at the center of last month’s $1.4 billion hack of the crypto exchange platform Bybit. In a new thread on the social media platform X, the firm says a joint investigation with cybersecurity firm Mandiant revealed that the hacker used a multi-pronged process to […]
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Bitcoin advocate Samson Mow says Ethereum should undergo a hard fork after North Korean hackers stole a staggering $1.4 billion in ETH and stETH by exploiting crypto exchange Bybit. In a new thread on the social media platform X, Bitcoin (BTC) maximalist Samson Mow says the leading smart contract platform by volume should roll back […]
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Attackers with physical access to a user’s device may be able to see the wallet’s seed phrase, the security firm said.
ScaleBit, a subsidiary of security auditor BitsLab, has flagged a purported vulnerability that could potentially compromise “all stored assets” in decentralized exchange (DEX) Uniswap’s Web3 wallets, ScaleBit told Cointelegraph on Jan. 13.
The alleged “flaw enables attackers with physical access to the device to bypass the wallet’s authentication mechanisms and directly retrieve the mnemonic phrase stored on the device,” ScaleBit said in a statement.
A Web3 wallet’s mnemonic phrase, also known as a “seed phrase,” is a string of typically 12–24 random words that grants full control over a wallet’s assets from any device.
Tay, a well-known blockchain security investigator, has reported on a new social engineering scheme targeting the cryptocurrency industry. She explained that industry workers are at risk, as attackers pose as field executives offering high-paying job opportunities. Social Engineering Schemes Come to the Crypto Industry: New Exploit Unveiled Social engineering-based schemes are on the rise and […]
New data from cybersecurity firm Hacken reveals that $1.7 billion worth of crypto assets were lost through the theft of private keys in 2024. In its 2024 Web3 Security Report, Hacken says that the theft of private crypto keys remains the most “significant” threat to crypto investors. According to Hacken, the number of smart contract […]
The post Nearly $1,700,000,000 in Crypto Lost Through Private Keys Theft As Access Control Exploits Becomes Major Threat appeared first on The Daily Hodl.
New data blockchain explorer Blockchair reveals that a hacker took advantage of an exploit in Dogecoin’s (DOGE) blockchain, causing the majority of its nodes to crash. Earlier this week, a Dogecoin monitoring platform noticed that the number of DOGE nodes dipped from 647 to just 205, a decrease of about 69%. “Our monitoring made us […]
The post Hacker Exploits Dogecoin (DOGE) Flaw, Causing 69% of Nodes To Crash appeared first on The Daily Hodl.
The notorious hacker behind the massive $10.934 billion exploit of crypto exchange Bitfinex is being sentenced to five years in prison. According to a new press release by the U.S. Department of Justice (DOJ), Ilya Lichtenstein – who hacked Bitfinex in 2016 and fraudulently sent 119,754 Bitcoin (BTC) to a wallet under his control – […]
The post Infamous Crypto Hacker Behind Nearly $11,000,000,000 Bitfinex Exploit Sentenced to Five Years in Prison appeared first on The Daily Hodl.
Scammers pretended to be police and demanded BTC for missing court dates, while an attacker minted a huge number of SUN tokens and dumped them.
Some residents of the state of Colorado in the United States have fallen victim to a new police impersonation scam.
According to an Oct. 31 report from local news site Summit Daily, a scammer called residents and claimed to be a representative of the local government. They told the victim that they had to pay a $10,000 fine for missing jury duty, which must be paid in Bitcoin.
In response, the victim transferred $6,000 of Bitcoin (BTC), but the real authorities stopped the victim from transferring the remaining $4,000, saving it from the attacker’s hands.
According to onchain analytics firm Arkham Intelligence, the malicious address currently holds approximately $13 million in assets.
On Oct. 24, a hacker compromised a wallet likely controlled by the United States government. The wallet, which included funds seized from the 2016 Bitfinex hack, was drained of $20 million.
According to Arkham Intelligence, the attacker sent the funds to a wallet beginning with “0x348,” which included US Dollar Coin (USDC), Tether (USDT), aUSDC, and Ether (ETH).
The onchain analytics firm also believes the hacker has started converting the stablecoins into ETH and laundering the funds through addresses likely associated with a money laundering service.
Nearly all of the stolen loot from Radiant Capital has been moved to the Ethereum network, which usually isn't a good sign for those hoping for recovery.
The hacker behind the recent theft from decentralized finance (DeFi) protocol Radiant Capital has moved almost all of the stolen funds from layer-2 protocols to Ethereum in a possible move toward obscuring its location.
On Oct. 24, blockchain security firm PeckShield reported that addresses linked to the Radiant Capital exploiter have bridged “nearly all” of the ill-gotten crypto from the exploit from layer-2 network Arbitrum and the Binance BNB Chain to the Ethereum network.
The total amount moved was about 20,500 Ether (ETH) worth around $52 million, PeckShield noted.
