US gov files complaints to seize assets from North Korean hackers

October 7, 2024 Coin Telegraph

According to PeckShieldAlert, losses from crypto hacks and exploits accounted for over $120 million in losses during September 2024.

The United States government filed two legal complaints on October 4, 2024, to begin seizing more than $2.67 million in digital assets stolen by the North Korean Lazarus hacking group.

According to the legal filings, the US government seeks to recover approximately $1.7 million in Tether (USDT) stolen by the organization in the 2022 Deribit hack — which left the options exchange drained of $28 million.

Once the hackers successfully breached a Deribit hot wallet, they passed the funds through the Tornado Cash mixer and several Ethereum (ETH) addresses in an attempt to avoid detection.

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Hackers Plunder $2,000,000 Worth of Crypto From Liquid Restaking Protocol Bedrock

September 28, 2024 The Daily Hodl

Bedrock

A liquid staking protocol says that bad actors made away with millions of dollars worth of crypto assets after hacking into the decentralized finance (DeFi) platform. In a new announcement on the social media platform X, Bitcoin (BTC) restaking project Bedrock says that they’ve been exploited for $2 million but assures customers that they’ve identified […]

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Singapore-Based Crypto Exchange BingX Suffers $52,000,000 Hack: Blockchain Security Firm

September 21, 2024 The Daily Hodl

BingX

New data from prominent blockchain security firm Cyvers reveals that a Singapore-based crypto exchange lost $52 million after being hacked. In a new post, Cyvers says that BingX’s hot wallet suffered a multimillion-dollar exploit affecting multiple blockchains, including Ethereum (ETH), Avalanche (AVAX), BNB, Optimism (OP), and Polygon (POL), Base, and Arbitrum (ARB). “Our system has […]

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Telegram bot Banana Gun’s users drained of over $1.9M

September 19, 2024 Coin Telegraph

Telegram bot Banana Gun’s users drained of over .9M

banana gun bot

So far, at least 36 victims suffered losses amounting to nearly $2 million worth of Ether.

Users of the Telegram-based cryptocurrency trading bot Banana Gun have been drained of nearly $2 million worth of digital assets.

Banana Gun enables Telegram users to trade on some of the most popular blockchains, such as Ethereum, Solana and Base.

However, at least 11 attackers have drained a collective $1.9 million worth of crypto from the bot’s users, according to onchain security firm Cyvers’ senior Security Operation Center lead, Hakan Unal.

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Crypto Exchange Hacked After 150 Suspicious Transactions Drain Over $22,000,000 From Reserves: SlowMist

September 11, 2024 The Daily Hodl

Crypto Exchange Hacked After 150 Suspicious Transactions Drain Over ,000,000 From Reserves: SlowMist

Bitcoin

Blockchain security firm SlowMist is reporting that an Indonesian crypto exchange was hacked for over $22 million in digital assets. SlowMist says that crypto exchange Indodax saw its hot wallets exploited across multiple blockchains, including Bitcoin (BTC), TRON (TRX), Ethereum (ETH), and ETH layer-2s Polygon (POL) and Optimism (OP). The firm’s data says that the […]

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Attacker drains $1.4M from CUT token pools via mysterious unverified contract

September 11, 2024 Coin Telegraph

Attacker drains .4M from CUT token pools via mysterious unverified contract

Coin Telegraph

An account used an unreadable function to remove 1.4 million BSC-USD without needing to burn the equivalent LP tokens.

An attacker drained over $1.4 million worth of Bows Coin Synthetic US Dollar (BSC-USD) from a liquidity pool holding CUT tokens on Sept. 10, according to a report from blockchain security platform CertiK.

The CUT token contract relied on a separate, unverified contract to set its “future yield” parameter, and this separate contract was used to drain the BSC-USD through an unknown method.

CertiK reported the event on X.

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Solana-Based DeFi Platform Mango Markets Drafts Proposal for Settlement Conditions With SEC

August 22, 2024 The Daily Hodl

Altcoins

A decentralized finance (DeFi) platform based on the smart contract platform Solana (SOL) is drafting a proposal to settle with the U.S. Securities and Exchange Commission (SEC). In a new community proposal, the decentralized autonomous organization (DAO) of Mango Markets (MNGO) has voted to settle with the SEC even though the regulator hasn’t formally charged […]

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Indian Crypto Exchange WazirX To Roll Back All Trades and Restore Balances Following $230,000,000 Hack in July

August 10, 2024 The Daily Hodl

crypto

Indian crypto exchange WazirX is reversing all trades and restoring customer balances after the platform was hacked to the tune of hundreds of millions of dollars in July. In a new thread on the social media platform X, WazirX says that after listening to the community, it has decided to roll back all trades made […]

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Ronin ‘white hat’ attacker returns $10M in ETH after apparent accidental front-run

August 6, 2024 Coin Telegraph

Ronin ‘white hat’ attacker returns M in ETH after apparent accidental front-run

Axie Infinity

The MEV bot returned nearly all of the funds, and the team claimed that $500,000 was being paid to it as a bounty.

The maximum extractable value (MEV) bot that drained nearly 3,996 Ether (ETH) from the Ronin network bridge on Aug. 6 has returned nearly all of the funds, according to data from block explorer Etherscan. This indicates that the bot may have accidentally front-run the attack. At the time the ETH was returned, it was worth more than $10 million.

The bot returned the funds at 3:04 pm UTC. A total of 3,991 ETH was transferred to the Ronin team, while the remaining 5 ETH has not been returned. The Ronin team announced the return on social media platform X and stated that the bot’s owner was being rewarded $500,000 for discovering the exploit.

The team said it will only allow the bridge to be reopened after the vulnerability is patched and an audit is performed.

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Ronin bridge halted after being hit with a $10 million exploit

August 6, 2024 The Crypto Briefing

Ronin bridge halted after being hit with a million exploit

Crypto Briefing

The recurring vulnerabilities in crypto bridges highlight the urgent need for enhanced security measures to protect substantial user funds.

The post Ronin bridge halted after being hit with a $10 million exploit appeared first on Crypto Briefing.

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