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Japanese exchange DMM loses $305M in Bitcoin via private key hack

The cryptocurrency exchange lost 4,502.9 BTC due to a hack of its private key; withdrawals have been temporarily suspended.

Centralized cryptocurrency exchange DMM has lost more than $305 million worth of Bitcoin (BTC) due to a hack of its servers on May 30. The exchange confirmed the hack on its website and stated that all user deposits “will be fully guaranteed.”

The exchange has temporarily halted withdrawals, new account openings, new spot buy orders, and all new leveraged orders. However, limit orders that have already been placed will not be canceled.

Crypto users began to discuss the attack on social media platform X at 10:14 pm UTC on May 30, when analytics platform Whale Alert posted, “4,502 #BTC (308,948,771 USD) transferred from unknown wallet to unknown new wallet.” The post linked to blockchain data that showed an outflow of 4,502.9 BTC, worth $305 million at current prices, from a single wallet.

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Normie Meme Coin Suffers Exploit, Vows to Relaunch After Negotiating Hacker Bounty

Normie Meme Coin Suffers Exploit, Vows to Relaunch After Negotiating Hacker BountyNormie, a meme coin launched on Base, suffered an exploit that took its market capitalization from almost $42 million to $1 million. The exploiter sent a message offering to keep 10% of the ETH exploited, and demanding that the remaining 90% and the 600 ETH still present in the wallet of the token developers be […]

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Alex Labs freezes $3.9M of exploited funds sent to CEXs after hack

The team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges.

Bitcoin layer-2 developer Alex Labs has successfully frozen more than $3.9 million worth of crypto that was exploited from its BNB Smart Chain bridge, according to the team’s May 16 social media post. According to the post, the attacker sent the funds to several different centralized exchanges (CEXs), which allowed them to be frozen with the cooperation of the exchanges.

The team said it recovered the complete balances for 17 different tokens, including “all aBTC, sUSDT, xBTC, xUSD, ALEX, atALEX, LiSTX, LUNR, SKO, CHAX, $B20, ORDG, ORMM, ORNJ, TRIO, TX20 and STXS.”

$13.7 million worth of Stacks (STX) tokens were also exploited. Of these, the attacker made the mistake of sending “about 3 million” to centralized exchanges. The post links to a spreadsheet showing the STX balances at each exchange the hacker used to transfer funds. It shows that a total of $3.7 million is held at exchanges, whereas $9.6 million are held in wallets under the direct control of the attacker.

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Solana Meme Coin Marketplace Pump.fun Suffers $80 Million Exploit

Solana Meme Coin Marketplace Pump.fun Suffers  Million ExploitPump.fun, a Solana-based marketplace and deployment tool for meme coins, has acknowledged suffering an exploit dealing with the bonding curve contracts in its platform. While the protocol is still investigating the matter, it reported that “the TVL in the protocol right now is safe,” as it has upgraded the contracts to deal with the attack […]

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Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast ,000,000 Crypto Exploit

Two US brothers who attended the Massachusetts Institute of Technology (MIT) have been arrested for allegedly partaking in a high-speed multimillion-dollar crypto heist. According to a new press release by the U.S. Department of Justice (DOJ), the brothers – Anton Peraire-Bueno, 24, of Boston, and James Pepaire-Bueno, 28, of New York – have been attained […]

The post Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit appeared first on The Daily Hodl.

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Stolen Poloniex Ether worth $53M never made it back to the exchange

The Poloniex hacker moved over 17,800 Ether (ETH) from six different wallets into a single Tornado Cash address.

Over half of the $100 million worth of Ether (ETH) linked to the infamous Poloniex hack from November 2023 has been siphoned via the privacy protocol Tornado Cash.

On Nov. 10, 2023, wallets belonging to crypto exchange Poloniex recorded massive unauthorized outflows. Investigations later confirmed that over $100 million worth of ETH was lost to a hack.

Despite Poloniex claiming to have identified the hacker weeks later and offering a $10 million bounty, the stolen funds never made it back to the exchange. According to the blockchain security firm CertiK, the incident was likely a “private key compromise.”

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CertiK discovered $5M security flaw in Wormhole bridge on Aptos

A flaw in the bridge could have allowed an attacker to produce fake token transfers, but it was discovered and patched before anyone could take advantage of it.

A security flaw in the Wormhole bridge on Aptos network could have resulted in $5 million worth of losses had it not been discovered, according to a social media post from blockchain security platform CertiK. The platform claimed to have discovered the bug and reported it to the Wormhole team before it could be expl. The flaw has been patched, and the bridge is no longer vulnerable.

Aptos is a blockchain network that uses the MOVE programming language, which was originally developed by Facebook for the Libra project. Supporters of MOVE claim that it is a safer language to write smart contracts when compared to Ethereum’s Solidity or other alternatives.

The CertiK report was posted in the form of a video. It claimed the flaw “arose from an incorrect implementation of the ‘public(friend)’ and ‘entry’ modifiers in the MOVE programming language.” The ‘public(friend)’ modifier allows a function to be called by other functions within the same module or by external accounts specified on a “friends list,” but not by other callers. On the other hand, the ‘entry’ modifier specifies that a function can be called by any external account.

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Rain exchange suffered $14.1M in suspicious outflows 2 weeks ago — ZachXBT

Several wallets reportedly belonging to Rain sent suspicious token transfers to a new address.

The Rain cryptocurrency exchange was “likely exploited” on April 29 when $14.1 million worth of Bitcoin (BTC), Ether (ETH), Solana (SOL), and XRP was transferred to a new wallet under suspicious circumstances, according to a May 13 report from on-chain sleuth ZachXBT. The report comes two weeks after the reportedly suspicious transactions took place.

Rain is a centralized crypto exchange headquartered in Bahrain. It specializes in serving customers from Southwest Asia and the Middle East. According to regional news site The National, Rain has recorded over $1 billion in trading volume since its inception.

ZachXBT’s official Telegram channel reported that the transferred funds “were quickly transferred to instant exchanges and swapped for BTC and ETH” before being deposited to two destination addresses on the Bitcoin and Ethereum networks. The Ethereum address, which ends in 6c28, is currently holding approximately 1,881 ETH, worth $5.5 million at the current price. The Bitcoin address, which ends in prp2, is holding ‎137.9 BTC, worth $8.6 million at the current price.

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Match Systems Announces Recovery of $68 Million in Stolen Cryptex Crypto Assets

Match Systems Announces Recovery of  Million in Stolen Cryptex Crypto AssetsMatch Systems, a cybersecurity company specializing in Anti-Money Laundering (AML) services, blockchain forensics, and investigations, recently announced the recovery of $68 million in stolen crypto assets from Cryptex, a cryptocurrency trading platform established in 2016. The specifics of the recovery operation have not been disclosed. In a recent social media post, Match Systems further stated: […]

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

Salvadoran Official Crypto Wallet Chivo Dismisses Alleged Hacking Event

Salvadoran Official Crypto Wallet Chivo Dismisses Alleged Hacking EventChivo wallet, the official cryptocurrency wallet of El Salvador, has dismissed an alleged hack of the source code of its software and the data of over 5 million users linked to the wallet’s KYC procedures. According to Chivo, the data of Salvadorans is protected, and the security of its data has never been breached. Chivo […]

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum