A bad actor has reportedly hacked into rapper 50 Cent’s X account and stolen millions of dollars worth of crypto after promoting a pump-and-dump scheme. According to a new report by Fox Business, the rap artist says that his social media account was hacked by a scammer who made away with $3 million in under […]
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A Kraken executive says that a black hat entity stole $3 million from the firm after finding a bug in the exchange’s systems. In a lengthy thread on the social media platform X, Nick Percoco, Kraken’s chief security officer, says that earlier this month, Kraken received an update from their Bug Bounty program claiming there […]
The post Kraken Security Officer Says Black Hat Entity Exploited Exchange for $3,000,000 Upon Finding ‘Isolated Bug’ in Code appeared first on The Daily Hodl.
Ethereum (ETH)-based decentralized finance (DeFi) protocol UwU Lend just suffered a security breach that siphoned $23 million worth of crypto from its platform. In a post on social media platform X, the team behind UwU Lend says the protocol will be paused until the investigation of the exploit has concluded. “Yesterday UwU Lend was the […]
The post Ethereum-Based DeFi Platform UwU Lend Loses $23,000,000 in Exploit, Says It Has Made an Offer to the Hacker appeared first on The Daily Hodl.
Blockchain-based gaming platform Gala (GALA) says it recovered over $20 million worth of crypto assets that were stolen during a security breach earlier this week. In a statement, Gala says that a hacker initiated a transfer of $200 million in Gala tokens on May 20th, but the monitoring system flagged the suspicious activity, which allowed […]
The post Gala Says Hacker Has Returned Over $20,000,000, Plans To Reimburse Users Affected by the Exploit appeared first on The Daily Hodl.
On Monday, an attacker minted $200 million worth of GALA tokens but managed to sell only a portion of them. It’s just been returned.
Gala Games has received around $22 million in Ether (ETH) from the person responsible for a May 20 “security incident” where $200 million worth of Gala (GALA) tokens were minted and a small portion sold before the wallet was frozen.
On May 21, the attacker’s wallet sent back 5913.2 ETH worth $22.3 million — close to the market value of the 600 million GALA they sold a day earlier.
Gala said in a May 21 blog post that the ETH’s return came after the team’s “swift, effective response and the involvement of Federal law enforcement agencies.”
The hacker who looted the crypto exchange Poloniex has started moving Ethereum (ETH) to the mixing service Tornado Cash, according to the digital asset de-anonymizing platform Arkham. Arkham notes the hacker moved 1126.1 ETH worth more than $3.4 million into Tornado Cash across a series of 20 transactions on Monday and Tuesday. They represent the […]
The post Hackers With $182,000,000 Stolen From Poloniex Starts Moving Funds to Tornado Cash appeared first on The Daily Hodl.
Kronos Research was exploited for $25 million in November 2023, with one of the six wallets linked to the hacker moving funds to Tornado Cash on May 7.
The hacker behind the $25 million exploit of quantitative trading firm Kronos Research in mid-November 2023 started moving funds nearly six months after the exploit.
The hacker wallet first transferred 1,314 Ether (ETH) worth $4 million to a new address, starting with 0x8F5e4 and later transferred all the ETH to another address starting with 0x164A24b.
The hacker made 10 transactions of 100 ETH from the final wallet and transferred it to Tornado Cash, a crypto-mixing tool.
The DEX aggregator has been exploited across multiple blockchains with millions in wrapped Ether and other assets stolen.
Around $46 million in various crypto assets has seemingly been drained from the decentralized KyberSwap exchange in the latest decentralized finance exploit.
On Nov. 23, the Kyber Network team alerted its users stating in an X (Twitter) post that KyberSwap Elastic “has experienced a security incident.”
It advised users to withdraw their funds as a precaution and added it was investigating the situation.
Urgent
— Kyber Network (@KyberNetwork) November 22, 2023
Dear KyberSwap Elastic Users,
We regret to inform you that KyberSwap Elastic has experienced a security incident.
As a precautionary measure, we strongly advise all users to promptly withdraw their funds. Our team is diligently investigating the situation, and we…
Blockchain sleuths highlighted the impacted and exploiter wallet addresses, which were still recently active.
According to Debank data, around $46 million has been pilfered in the attack, including roughly $20 million in wrapped Ether (wETH), $7 million in wrapped Lido-staked Ether (wstETH), and $4 million in Arbitrum (ARB).
The funds were split across multiple chains, including Arbitrum, Optimism, Ethereum, Polygon, and Base.
Kyberswap is being drained, several sources report.
— olimpio (@OlimpioCrypto) November 22, 2023
If you have assets, withdraw pic.twitter.com/Y5ooYYzcTd
In an X post, blockchain sleuth “Spreek” said he was “fairly sure this is NOT an approval-related issue and is only related to the TVL held in the Kyber pools themselves.”
The attacker has also left an on-chain message for protocol developers and DAO members, saying “negotiations will start in a few hours when I am fully rested.”
Related: KyberSwap announces potential vulnerability, tells LPs to withdraw ASAP
DefiLlama data shows KyberSwap’s total value locked (TVL) tanked by 68% over a few hours and almost $78 million left the protocol due to the hack and user withdrawals. Its TVL currently stands at $27 million, down from its 2023 peak of $134 million.
Kyber Network Crystal KNC token prices briefly dipped 7% as news of the exploit broke but have since recovered to trade at $0.74.
The team identified a vulnerability in April, advising users to withdraw liquidity. However, no funds were lost in that incident.
Magazine: Should crypto projects ever negotiate with hackers? Probably
Tron (TRX) founder Justin Sun is offering a 5% white hat bounty to the hacker who exploited the exchange Poloniex for $125 million in crypto. Sun, who acquired Poloniex in 2019, says that the hacker has a week to accept the offer and return the assets to the wallets he took them from, otherwise, law […]
The post Tron Founder Justin Sun Offers 5% Cut to Hacker After Poloniex Crypto Exchange Loses $125,000,000 in Cyber Heist appeared first on The Daily Hodl.
Unusually large withdrawals were made from Stake to an account with no previous activity, including $3.9 million in Tether and $9.8 million in Ether.
Crypto gambling site Stake has experienced $16 million in withdrawals on Sept. 4 in what security platform Cyvers Alerts is calling “suspicious transactions.” The withdrawing account has been labeled “Stake.com Hacker” by Etherscan, implying that the drained funds may be the result of a stolen private key.
ALERTOur AI-powered system has detected multiple suspicious transactions with @Stake.https://t.co/0ZoMITOyF5 address received about $16M in $ETH $USDC $USDT and $DAI
— Cyvers Alerts (@CyversAlerts) September 4, 2023
All the stable coins are converted to $ETH and distributed to different EOAs.
FYI: @tayvano_ @zachxbt pic.twitter.com/CSGwRHEiVm
Blockchain data shows very large withdrawals from Stake.com contracts into the alleged attacker’s account. The first transaction occurred at 12:48 p.m., transferring approximately $3.9 million worth of Tether (USDT) stablecoin from Stake to the attacker’s account. The next two transactions removed 6,001 Ether (ETH), worth approximately $9.8 million at the current price. The attacker continued to remove tokens over the next few minutes, including approximately $1 million USD Coin (USDC), $900,000 worth of Dai (DAI) stablecoin, and 333 Stake Classic (STAKE) ($75.48). Cyvers has estimated the total value of crypto drained at $16 million.
After draining the funds, the alleged attacker distributed them to multiple accounts. At the time of publication, Stake has not made an announcement regarding the suspicious withdrawals.
Related: Atomic Wallet faces lawsuit over $100M crypto hack losses: Report
Stake is a crypto gambling protocol that offers dice games, Blackjack, Lingo, and other casino games, as well as sports betting for basketball, tennis, volleyball and others.
This is not the first time in 2023 that crypto gambling sites may have been targeted by hackers. On July 23, payments provider Alphapo suffered $31 million in suspicious withdrawals. Alphapo was a provider for several crypto gambling sites, including Hypedrop, Bovada, and Ignition.
This is a developing story, and further information will be added as it becomes available.
