#Cryptohack losses double — DMM Bitcoin, BtcTurk hit hardest
Crypto hacks, frauds total doubled in second quarter over year earlier. Second quarter saw more than $572 million stolen. Funds recovery to date is about 5%. Crypto losses to hacks and rug-pulls in the second quarter doubled compared to the same period last year, according to security platform Immunefi.
Losses totalled almost $573 million in the second quarter, mostly to hacks, while $8.4 million was lost to frauds, the report said.
That aligns with data from DefiLlama that suggest crypto projects have lost some $664.3 million to hacks and exploits this year.
REMILIA DAO #HACKER TRANSFERS $4.3M IN STOLEN CRYPTO THROUGH TORNADO CASH
REMILIA DAO TRANSFERS $4.3M IN STOLEN CRYPTO THROUGH TORNADO CASH In a bold move that has sent ripples through the crypto community, the hacker behind the Remilia DAO exploit has moved a staggering $4.3 million worth of stolen Ether through the notorious crypto mixer, Tornado Cash. This development marks a significant escalation in the aftermath of the Remilia hack that took place on March 16, which saw millions of dollars in non-fungible tokens (NFTs) and Ether siphoned from the decentralized autonomous organization (DAO) responsible for the Milady Maker NFT collection. TRACING THE STOLEN FUNDS Blockchain analysis firm CertiK revealed on June 17 that 1,209.5 Ether, valued at approximately $4.3 million, was funneled into Tornado Cash, a platform known for obfuscating the origin of crypto assets. The analysis traced the funds back to several addresses tied to the Remilia hack, highlighting the sophisticated maneuvers of the perpetrator. This movement of assets occurred nearly three months after the initial breach, underlining the hacker’s strategic patience. NFT LIQUIDATION AND ASSET TRANSFERS Shortly after the March 16 hack, Remilia and Milady founder Krishna Okhandiar, also known as Charlotte Fang, reported the breach, detailing significant transfers of ETH and NFTs to a wallet that swiftly liquidated the stolen assets. This incident was brought to wider attention by the Twitter account Dumpster DAO, which shared screenshots of the hack report and the receiving wallet address. Blockchain data further showed that the hacker sold NFTs linked to the Milady collection, including staked NFTx assets, and subsequently transferred $1 million in Ether to another address. These actions have intensified scrutiny and concern within the crypto community about the security of digital assets and the effectiveness of current protective measures. MILADY MEMECOIN PRESALE SPARKS INTEREST In a curious twist, just two days after the hack, a new memecoin inspired by the Milady NFTs launched a presale on the Solana network. The token, named Milady Wif Hat (LADYF), drew significant interest, raising 91,486 Solana—worth $18.7 million at the time—within hours. Despite the presale’s success, the memecoin’s value has since plummeted, hitting an all-time low of $0.00001703 on June 14. The creators of LADYF distanced themselves from Charlotte Fang and the Milady Maker NFTs, emphasizing on their website that the token was merely an homage to the popular NFT collection. This clarification came amid concerns about potential associations with the recent hack and its aftermath. For now, the crypto world watches closely, as the ramifications of the Remilia hack continue to unfold and the hunt for the elusive hacker presses on.
Kraken Says #Hackers Turned to 'Extortion' After Exploiting Bug for $3M
The bug found by a "security researcher" led to nearly $3 million stolen from Kraken's treasuries. Kraken said third-party security researchers found a vulnerability, which was fixed by the crypto exchange. The researchers secretly withdrew nearly $3 million and refused to give it back without seeing the bounty amount first, Kraken said. Blockchain code editor Certik said it found a vulnerability in Kraken's platform and claims to have been "threatened" by the exchange.
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Crypto Industry Faces $19 Billion In Losses From Hacks Over 13 Years
Nearly $19 billion worth of digital assets were stolen in the 13 years since June 19, 2011, when the first known crypto hack was reported, according to a Crystal Intelligence report shared with Cointelegraph.
The largest single crypto theft case remains the 2019 Plus Token fraud when attackers netted $2.9 billion worth of Bitcoin and Ether.
During the past two years, the $290 million security breach on PlayDapp represented the largest single crypto heist, back in February 2024.
Crypto hacks and exploits remain one of the biggest hurdles impeding mainstream trust and adoption. Crypto hacks in 2024 could potentially top 2023, as the first quarter of 2024 saw $542.7 million worth of stolen funds, a 42% increase compared to the same period in 2023.
#Uniswap 📈 Wir alle kennen das Uniswap Dapp - oder Wir sollten es kennen ☺️
Aber was viele nicht wissen, ist dass es nebst den normalen Trade-Funktion auch die „Senden“ Funktion enthält.
Das ist äusserst nützlich für alle Wallets, die keine „benutzerdefinierten Token hinzufügen“ erlauben.
Es gibt ältere Wallets, wie zum Beispiel das „Blockchain Wallet“ welches die Funktion „benutzerdefinierte Token hinzufügen“ nicht unterstützt und sicher noch weitere Wallets.
Mit der „Senden“ Funktion von #Uniswap kannst du jede Münze aus deinem Wallet versenden, an jede beliebige Wallet Empfänger ID.
Heute mal etwas zur Münze #WhalesMarket $WHALES, ich denke, wenn ich solche Investitionen vor mir sehe 👀, da muss doch jemand gründlich recherchiert haben?
Ich denke man investiert nicht ~50k auf das Risiko hin zu verlieren?
In the Binance DApp settings you can still open Satoshi Protocol DApp and give votes and collect more points. Make sure you have enough $BTC to pay the fees.
#Hackers steal $305M from DMM Bitcoin crypto exchange
Japanese crypto exchange DMM Bitcoin confirmed on Friday that it had been the victim of a hack resulting in the theft of 4,502.9 bitcoin, or about $305 million.
DMM Bitcoin said it detected “an unauthorized leak of Bitcoin ($BTC ) from our wallet” on Friday and that it was still investigating and had taken measures to stop further thefts. The crypto exchange said it also “implemented restrictions on the use of some services to ensure additional safety,” according to a machine translation of the company’s official blog post (written in Japanese).
The company also promised that all customers’ Bitcoin deposits “will be fully guaranteed as we will procure the equivalent amount of BTC that was leaked with support from our group companies.”