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Fake Crypto Wallet on Google Play Steals $70,000 in Digital Assets After Being Downloaded 10,000 Times: Report

Fake Crypto Wallet on Google Play Steals ,000 in Digital Assets After Being Downloaded 10,000 Times: Report

A fake crypto wallet application on the Google Play Store has reportedly stolen tens of thousands of dollars worth of crypto assets from unsuspecting customers after seeing 10,000 downloads. According to a new report from cybersecurity firm Checkpoint Research (CPR), a malicious wallet drainer on Google Play stole $70,000 worth of digital assets from users […]

The post Fake Crypto Wallet on Google Play Steals $70,000 in Digital Assets After Being Downloaded 10,000 Times: Report appeared first on The Daily Hodl.

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User loses $32 million spWETH in a sophisticated phishing attack

According to crypto security firm Scam Sniffer, 9,145 users were victims of phishing attacks during August 2024, losing funds as a result.

A wallet ending in "e57" fell prey to a sophisticated phishing attack on Sept. 27 that left the wallet drained of 12,083 Spark Wrapped Ethereum tokens (spWETH), valued at $32 million.

According to security firm CertiK, 10,000 spWETH, valued at approximately $26 million, was initially sent to a wallet beginning with "0x471c." A portion of these funds was subsequently transferred to 4 additional wallets.

1,750 Ether (ETH) was transferred to a wallet beginning with the characters "0x105c", 2,613 ETH was sent to a wallet starting with "0x278d", an additional 3,730 ETH to an address beginning with "0x408d", and, finally, approximately 1,865 ETH was transferred to an address beginning in "0xfaf2."

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Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Alleged $243,000,000 Bitcoin Hackers Accidentally Incriminate Themselves in Leaked Screenshare: Investigator

Alleged 3,000,000 Bitcoin Hackers Accidentally Incriminate Themselves in Leaked Screenshare: Investigator

The accused hackers behind a nearly $250 million Bitcoin (BTC) exploit reportedly shot themselves in the foot in a new leaked recording. Days ago, the U.S. Attorney’s Office for the District of Columbia said authorities are charging California and Connecticut residents Malone Lam, Veer Chatel and Jeandiel Serrano with conspiracy to steal and launder $250 […]

The post Alleged $243,000,000 Bitcoin Hackers Accidentally Incriminate Themselves in Leaked Screenshare: Investigator appeared first on The Daily Hodl.

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

US prosecutors oppose Mango Market exploiter’s motion for acquittal

Following the exploit, Eisenberg claimed he negotiated a settlement with Mango Markets' insurance fund to ensure users retained their money.

Prosecutors for the United States Southern District of New York (SDNY) filed a motion on Sept. 18 opposing Mango Markets exploiter Avraham Eisenberg's request for acquittal or a new trial.

According to the documents filed by SDNY attorneys, the jury correctly convicted Eisenberg by evaluating a "mountain of evidence" beginning with the prosecution's assertion that Mango perpetual swaps are subject to the Commodities Exchange Act.

The federal prosecutors stressed that Eisenberg's defense — arguing the fraud charges do not apply in the case because the defendant did not seek to manipulate the market price of the underlying asset — were materially incorrect and noted the jury instructions on price manipulation. Attorneys for the Southern District of New York asserted:

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Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

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

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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Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Indian crypto exchange WazirX struggles to recover funds 60 days after hack

WazirX’s $235 million hack recovery efforts face hurdles as internal findings yield little to no significant breakthroughs. 

Two months after hackers managed to steal over $230 million from India-based crypto exchange WazirX, the status of customer funds remains in doubt as the exchange and its custody provider, Liminal, continue to play the blame game.

Both firms continue to accuse the other of being at fault for the breach that allowed the hacker to steal customer funds, and there appears to be no resolution in sight, especially with internal investigations seemingly moving ahead at a snail’s pace.

Most recently, the firm faced legal threats from its customers, with the most notable pursuant being another rival exchange, CoinSwitch. The company initiated legal action against Wazir to recover 2% of its funds worth approximately $6.2 million. 

Source: CoinSwitch

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Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Ethena domain registrar hacked, Ethena Labs warns users to stay away

The Ethena website appears to have suffered a front-end attack, and users are encouraged not to interact with the platform. 

The Ethena website suffered what appears to be a front-end exploit on Sept. 18, and Ethena Labs has cautioned users not to interact with any site or application claiming to be Ethena.

According to a social media post from Ethena Labs, the website's domain registrar account was compromised, and the site is currently deactivated until the issue is resolved.

Ethena Labs also reassured clients that the Ethena protocol was not affected by the exploit and that all customer funds were safe.

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Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Bitcoin ETF security concerns mount after FBI warns of North Korean hackers

North Korean hackers are reportedly targeting the billions of dollars in BTC and ETH held by crypto ETF custodians. 

The United States Federal Bureau of Investigation announced on Sept. 3 that North Korean scammers and hackers were targeting firms associated with cryptocurrency-related exchange-traded funds (ETFs).

Despite the billions of dollars flowing into these crypto ETFs, investors may be too quick to assume their assets are fully secure.

North Korean hacker groups such as Lazarus Group are no strangers to the cryptocurrency industry and are suspected of committing a number of hacks against prominent exchanges and blockchain protocols.

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Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Bitcoin ETFs are next major target for North Korean hackers — Cyvers

North Korean hackers could be eying the infrastructure around Bitcoin ETFs, lured by the $52 billion worth of cumulative holdings.

North Korean hackers, including the infamous Lazarus Group, may begin targeting larger objectives, including United States-based Bitcoin (BTC) exchange-traded funds (ETFs).

The Lazarus Group is associated with some of the most notorious hacks in the cryptocurrency space, including the biggest hack in decentralized finance, the $625 million Ronin bridge hack.

Hackers could start shifting their attention to the US Bitcoin ETFs due to the sizable potential bounty, according to Michael Pearl, vice president of GTM strategy at onchain security company Cyvers.

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Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump