An user named @RMessit (on X) and his father had lost 25 $BTC they have been holding since 2012.They found out about the incident recently when they enquired about the assets to build a project.The private key of their wallet was stored in a lower security level password storage system called KeePass. The user and his father had hold total of 25 $BTC by combining in three wallets and they had stored the private keys of the three respective wallets in that KeePass.The user believed that someone intruded the KeePass and stole all the Bitcoins. He shared the three respective Transaction IDs too. Upon researching, it has been found out that some funds had gone through a single weak Wasabi “mix” before mostly being deposited to Fixed Float, an instant swap exchange platform. Pic Courtesy: @ergoBTC (on X) Pic Courtesy: @coinableS (on X)A big portion of the 3.4 $BTC theft went unmixed, and ended up in an old wallet that was dormant since 2021, the wallet only started to be used again 13 days after the hack and is actively spending the amount.The hackers also have been adding amounts to their wallet from Binance after the hack. So, Binance's help have been sought to identity the wallet holder as Binance have the KYC data.Small amount of linked funds were deposited to Coinbase exchange and OkX exchange too.Follow for more informative contents.#BTC #Web3Wallet #hacking

South Korean karaoke platform Somesing recently faced a cyberattack, losing over $11.5 million worth of its native token, SSX. The attack occurred on January 27th, sending shockwaves through the cryptocurrency community.
The attack is believed to be the work of highly skilled hackers specializing in virtual asset theft. Notably, there is no evidence of involvement from Somesing's team members, as stated in the platform's official response. Somesing reported the incident promptly to the National Police Agency. The platform plans to collaborate with Interpol to investigate the cyber breach thoroughly.
Somesing is working alongside the Klaytn Foundation and the cybersecurity firm Uppsala Security, an Interpol partner, to track down the attackers. The platform's main objective is to identify the responsible party quickly. It aims to take appropriate actions, including freezing the stolen assets and pursuing legal measures against those behind the cyberattack.
Suspension of Services by Major Exchanges
Following the security breach, major South Korean cryptocurrency exchanges temporarily suspended deposit and withdrawal services for SSX, including Upbit, Bithumb, and Coinone. These exchanges also warned their users about the potential for increased price volatility. However, other exchanges, such as HTX and Gate.io, which also list SSX, did not take similar precautionary measures.
Somesing operates on the Klaytn blockchain, employing a unique model encouraging users to upload their karaoke recordings. In return for their contributions, users are rewarded with SSX tokens. These rewards are funded by fellow users who donate tokens to support their preferred karaoke performers. The distribution model allocates 60% of donated tokens to singers and 20% to Somesing, with the remaining portion divided for copyright fees and community maintenance.
Cybersecurity Concerns in the Cryptocurrency Sector
Despite this incident, concerns surrounding cybersecurity in the cryptocurrency sector persist. The Somesing cyberattack is just one in a series of recent security breaches. Notably, the attack on Somesing follows an $81.5 million hack on the Klaytn-linked protocol Orbit Bridge earlier in the same month. However, reports suggest that the total volume of cryptocurrency hacks in 2023 witnessed a significant reduction, dropping by over 50% compared to the previous year.
The Somesing cyberattack underscores the ongoing challenges of ensuring the security of blockchain-based platforms. The platform's proactive response and collaboration with relevant entities demonstrate a determined effort to address the breach and protect users after this incident.
#hacking #Korean #attack

HTX exchange faced a setback as it incurred an estimated loss of $13.6 million in a recent hot wallet hack, which was part of an $86.6 million exploit on the HECO Chain bridge on Nov. 22. The incident impacted the broader HTX, Tron, and BitTorrent ecosystem. Cyvers, a blockchain security firm, reported that the losses resulted from three compromised hot wallets, leading to user and exchange assets being exchanged for Ether (ETH) and distributed to various Ethereum addresses. Notable assets affected in the attack include 1,240 ETH, 7.3 million USDT, 1.78 million USD Coin (USDC), and 62,200 LINK. Justin Sun, the de-facto owner of HTX and founder of Tron and BitTorrent, assured the community of full compensation for the hot wallet losses and temporarily suspended deposits and withdrawals. This incident follows a previous hot wallet exploit in September, where HTX was hacked for $8 million. Despite the challenges, Sun emphasized the security of user funds and normal platform operations. The HECO Chain bridge, formed by the merger of the Tron and BitTorrent ecosystems, suffered the $86.6 million loss due to an allegedly compromised blockchain operator. Data from Nansen indicates that wallets linked to HTX hold a combined $2.08 billion in user and corporate assets, with $1.3 billion in spot trading volume in the last 24 hours.#BTC #hacking #ETH

Amazon MGM Studio has announced plans to produce a film centered on the notorious $4 billion Bitfinex Bitcoin $BTC heist in a groundbreaking move. The untitled movie, directed by Hannah Marks and co-produced by Lili Reinhart, is set to deliver a gripping portrayal of the lives and criminal exploits of convicted cryptocurrency thieves Heather "Razzlekhan" Morgan and Ilya Lichtenstein.
Captivating True Story
This film will focus on the captivating narrative of Morgan and Lichtenstein, recognized as the masterminds behind the 2016 Bitfinex cryptocurrency exchange hack. In 2022, they faced charges from the U.S. Department of Justice, accused of conspiracy in connection with a staggering $4 billion theft and money laundering operation.
Formerly known as "Razzlekhan," Morgan, a rapper and cybersecurity professional, along with Lichtenstein, openly confessed in court to the audacious theft of 120,900 Bitcoins. Despite agreeing to surrender their ill-gotten gains, the duo may still confront up to two decades of imprisonment if convicted.
Amazon has remained tight-lipped about additional details regarding the film's production and release dates. However, anticipation is high for what is expected to be a cinematic masterpiece, offering an in-depth exploration into the dark realms of cybercrime and cryptocurrency theft.
Surprising Revelation
In a surprising turn of events last August, Ilya Lichtenstein admitted to being the original hacker behind the 2016 cyberattack on the Bitfinex cryptocurrency exchange. This revelation unfolded during his guilty plea for charges related to laundering the stolen Bitcoin in a federal court in Washington, D.C. Concurrently, his wife, Heather Morgan, also pleaded guilty to money laundering conspiracy and conspiracy to defraud the United States government.
As the world eagerly awaits the release of this cinematic saga, Amazon MGM Studio's latest project promises to be a gripping exploration of one of the most significant financial crimes in recent history. With talented filmmakers and a compelling real-life story, "Razzlekhan" is poised to captivate audiences and shed light on the intriguing world of cybercrime and cryptocurrency heists.
Amazon MGM's announcement has generated considerable buzz, and the film is expected to shed light on the complexities of cryptocurrency theft and the individuals behind such audacious crimes. With a talented cast and crew, "Razzlekhan" promises to be a must-watch for audiences intrigued by cybersecurity and digital currencies.
This cinematic venture represents Amazon's foray into the world of true crime storytelling, and it will be fascinating to see how the film unfolds the intricacies of the Bitfinex heist.
#amazon #BTC🔥🔥 #film #hacking