Wazirx Offers $23M Bounty to Recover Stolen Assets After Massive Security Breach

July 21, 2024 Bitcoin.com

Wazirx Offers M Bounty to Recover Stolen Assets After Massive Security Breach

bitcoin.com

Indian crypto exchange Wazirx has announced a $23 million bounty program to recover assets stolen in a cyberattack on its multisig wallet. Emphasizing community involvement, co-founder Nischal Shetty outlined the rewards for tracking, freezing, and ethically recovering the stolen funds. He insists that the attack was not due to phishing but involved multiple hardware wallets […]

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Crypto Sleuth Suggests $230,000,000 WazirX Crypto Hack Linked to North Korea’s Lazarus Group

July 18, 2024 The Daily Hodl

Crypto Sleuth Suggests 0,000,000 WazirX Crypto Hack Linked to North Korea’s Lazarus Group

breaches

A crypto exchange based out of India has confirmed a multi-million dollar security breach on a multi-sig wallet. According to the India-based exchange WazirX, the incident has led the exchange to temporarily halt Indian rupee (INR) and crypto withdrawals. “Update: We’re aware that one of our multisig wallets has experienced a security breach. Our team […]

The post Crypto Sleuth Suggests $230,000,000 WazirX Crypto Hack Linked to North Korea’s Lazarus Group appeared first on The Daily Hodl.

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Li.Fi releases incident report following $11M hack

July 18, 2024 Coin Telegraph

Li.Fi releases incident report following M hack

Coin Telegraph

The team also announced it was working on a voluntary compensation plan to reimburse 100% of funds to users affected by the exploit.

Following the $11.6 million exploit of the Li.Fi protocol, an API used to bridge and swap digital assets across blockchains, the Li.Fi team released an update outlining the technical details of the breach.

According to the security update, the deployment of a new smart contract facet was ground zero for the malicious attack. A vulnerability in the code allowed users calling the smart contract to initiate calls to any contract without prior validation.

This function is a result of code taken from the LibSwap library, used to facilitate calls between decentralized exchanges, service providers, and clients to coordinate the asset bridging and swapping processes.

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Indian Crypto Exchange Wazirx Updates on Major Multisig Wallet Hack

July 18, 2024 Bitcoin.com

bitcoin.com

Indian cryptocurrency exchange Wazirx has provided an update on the over $230 million security breach in its multisig wallet, which involved Liminal’s custody services. The exchange detailed the incident and ongoing recovery efforts, promising transparency and further updates. “We have already blocked a few deposits and reached out to concerned wallets for recovery,” the crypto […]

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Man Pleads Guilty in Meijer Loyalty Program Fraud Case, Forfeits Crypto

July 17, 2024 Bitcoin.com

bitcoin.com

Nicholas Mui, 22, from Grand Haven, Michigan, has pleaded guilty in the 17th Circuit Court in Kent County to conducting a criminal enterprise, involving the theft and sale of Mperks account access information. Mui is required to forfeit his computer tower and approximately $630,000 in frozen cryptocurrency and cash. He compromised Mperks, a loyalty program […]

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North Korean Hackers Lazarus Group May Be Behind $305,000,000 DMM Bitcoin Attack, Says On-Chain Researcher

July 16, 2024 The Daily Hodl

Bitcoin

The North Korean hacking outfit, Lazarus Group, could be responsible for the cyber attack on a Japanese crypto exchange in May that led to the loss of Bitcoin (BTC) worth hundreds of millions of dollars, according to an on-chain sleuth. Pseudonymous blockchain investigator ZachXBT tells his 610,500 followers on the social media platform X that cybercriminals […]

The post North Korean Hackers Lazarus Group May Be Behind $305,000,000 DMM Bitcoin Attack, Says On-Chain Researcher appeared first on The Daily Hodl.

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$1,640,000,000 in Crypto Assets Lost on BNB Chain Since Launch, Says Bug Bounty Platform Immunefi

July 13, 2024 The Daily Hodl

Altcoins

New data from bug bounty platform Immunefi finds that nearly $1.7 billion in crypto assets have been drained on BNB Chain since its September 2020 inception. In a new research post, Immunefi says that BNB Chain witnessed hundreds of fraud and security incidents after launching about four years ago. “In total, we have seen a […]

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Total Crypto Losses to Hacks and Frauds Surpass $572,000,000 in Q2, According to Bug Bounty Platform Immunefi

June 28, 2024 The Daily Hodl

Total Crypto Losses to Hacks and Frauds Surpass 2,000,000 in Q2, According to Bug Bounty Platform Immunefi

bnb

Crypto losses to hacks and frauds in the second quarter of 2024 are down 112% compared to the same quarter of the previous year, according to new research from the bug bounty platform Immunefi. Immunefi researchers note that the entire Web3 ecosystem suffered more than $572 million in losses across April, May and June, compared […]

The post Total Crypto Losses to Hacks and Frauds Surpass $572,000,000 in Q2, According to Bug Bounty Platform Immunefi appeared first on The Daily Hodl.

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Avalanche’s AVAX down 10% following BtcTurk exchange hack

June 22, 2024 The Crypto Briefing

Avalanche

AVAX token falls 10% after BtcTurk, Turkey's leading crypto exchange, suffers a hack, with 1.96M AVAX moved illicitly.

The post Avalanche’s AVAX down 10% following BtcTurk exchange hack appeared first on Crypto Briefing.

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Blockchain Security Firm Certik Returns $3,000,000 in Exploited Funds to Crypto Exchange Kraken

June 20, 2024 The Daily Hodl

Blockchain Security Firm Certik Returns ,000,000 in Exploited Funds to Crypto Exchange Kraken

bug bounty

A digital asset security research firm has returned $3 million in funds to crypto exchange Kraken after an unusual saga following a bug bounty program exploit. Yesterday, Kraken chief security officer Nick Percoco said in a lengthy X thread that the exchange was alerted days ago that an “extremely critical” code exploit allowing hackers to artificially […]

The post Blockchain Security Firm Certik Returns $3,000,000 in Exploited Funds to Crypto Exchange Kraken appeared first on The Daily Hodl.

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