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๐จ Major Cybersecurity Incident: NFTs Worth $1.5m Stolen From Flooring Protocol
In a recent cyberattack exploit, non-fungible token (NFT) liquidity solution Flooring Protocol fell victim to a breach on December 16, resulting in the theft of NFTs valued at $1.5 million. Here's the breakdown:
๐ Attack Details:
Reports indicate the attack targeted Flooring Protocolโs peripheral or multicall smart contract, leading to the illicit transfer and subsequent sale of the stolen NFTs by the attacker on the Blur platform.
๐ง Swift Response and Fix:
Flooring Protocol's developers responded promptly, deploying a fix a few hours after the attack. They assure users that the primary smart contract remains secure, and digital assets in vaults and safeboxes were unaffected by the breach.
๐ฐ Stolen NFTs Sold:
Despite the fix, the hacker managed to sell the pilfered NFTs on Blur, reaping between $1.5 million and $1.6 million, contingent on ETH prices.
๐ซ Dim Prospects for Recovery:
Boring Security, a security protocol funded by ApeCoin DAO, suggests that users who lost NFTs in the attack may face challenges in recovering them, given the swift actions of the hacker.
๐ Similar Incidents in the NFT Space:
This incident closely follows a breach on P2P NFT platform NFT Trader, where blue-chip NFTs were stolen. Notably, the hacker in that case initially demanded a bounty but later returned some of the stolen items.
๐ Market Impact:
Despite the attack, Flooring Protocol's native token FLC has shown resilience, experiencing a 12% surge in the last 24 hours. With a one-day trading volume of $3.34 million, FLC has displayed positive performance in the last 30 and 14 days, albeit a 22.2% loss in the previous seven days.
๐ Flooring Protocol Overview:
Launched just two months ago on October 15, Flooring Protocol quickly gained traction by offering a unique approach to NFTs, breaking them down into ERC-20s.
๐ Stay Informed, Stay Vigilant: Follow The Defidraft for Real-time Updates in the Crypto Space! ๐
#Cryptoscam #stolencrypto #crypto #cryptocurrency #crypto2023
In a recent cyberattack exploit, non-fungible token (NFT) liquidity solution Flooring Protocol fell victim to a breach on December 16, resulting in the theft of NFTs valued at $1.5 million. Here's the breakdown:
๐ Attack Details:
Reports indicate the attack targeted Flooring Protocolโs peripheral or multicall smart contract, leading to the illicit transfer and subsequent sale of the stolen NFTs by the attacker on the Blur platform.
๐ง Swift Response and Fix:
Flooring Protocol's developers responded promptly, deploying a fix a few hours after the attack. They assure users that the primary smart contract remains secure, and digital assets in vaults and safeboxes were unaffected by the breach.
๐ฐ Stolen NFTs Sold:
Despite the fix, the hacker managed to sell the pilfered NFTs on Blur, reaping between $1.5 million and $1.6 million, contingent on ETH prices.
๐ซ Dim Prospects for Recovery:
Boring Security, a security protocol funded by ApeCoin DAO, suggests that users who lost NFTs in the attack may face challenges in recovering them, given the swift actions of the hacker.
๐ Similar Incidents in the NFT Space:
This incident closely follows a breach on P2P NFT platform NFT Trader, where blue-chip NFTs were stolen. Notably, the hacker in that case initially demanded a bounty but later returned some of the stolen items.
๐ Market Impact:
Despite the attack, Flooring Protocol's native token FLC has shown resilience, experiencing a 12% surge in the last 24 hours. With a one-day trading volume of $3.34 million, FLC has displayed positive performance in the last 30 and 14 days, albeit a 22.2% loss in the previous seven days.
๐ Flooring Protocol Overview:
Launched just two months ago on October 15, Flooring Protocol quickly gained traction by offering a unique approach to NFTs, breaking them down into ERC-20s.
๐ Stay Informed, Stay Vigilant: Follow The Defidraft for Real-time Updates in the Crypto Space! ๐
#Cryptoscam #stolencrypto #crypto #cryptocurrency #crypto2023
Has Crypto Vanished? Fear Not, Warriors! Reclaim Your Coins! ๏ธ
Feeling the icy grip of fear after a crypto hack? Don't panic, fellow investor! While stolen coins can feel like a digital ghost town, recovery is possible.
Here's the truth: No guarantees exist, but armed with knowledge, you can fight back! โ๏ธ
๐ First Steps:
โช๏ธAct FAST! Time is precious. Report the theft immediately to the exchange/wallet and authorities.
โช๏ธSecure the rest: Move remaining assets to a safe haven (a different wallet with robust security).
๏ธโโ๏ธ Recovery Paths:
โช๏ธExchange Support: Reputable platforms prioritize security and may offer recovery assistance. Contact them directly!
โช๏ธBlockchain Forensics: Specialized firms trace stolen funds and potentially freeze them. Consider their expertise, but be mindful of fees.
โช๏ธLaw Enforcement: File a police report. While complex, their resources can be invaluable in major cases.
โ ๏ธ Remember:
โช๏ธPrevention is key! Strong passwords, two-factor authentication, and vigilant awareness are your best defense.
โช๏ธBeware scams! Fake "recovery" services prey on desperation. Do your research and choose reputable firms.
โช๏ธStay informed: The crypto landscape evolves rapidly. Keep up-to-date on security best practices and emerging threats.
You are not alone! The crypto community stands with you. Share your story (anonymously, if needed) to raise awareness and connect with others facing similar challenges.
Remember, even in the darkest depths of the digital world, hope remains. Fight for your coins, and never give up!
P.S. Share this post to empower others and spread the knowledge!
#CryptoSecurity #stolencrypto #CryptoSafety #Write2Earn #Scams
Feeling the icy grip of fear after a crypto hack? Don't panic, fellow investor! While stolen coins can feel like a digital ghost town, recovery is possible.
Here's the truth: No guarantees exist, but armed with knowledge, you can fight back! โ๏ธ
๐ First Steps:
โช๏ธAct FAST! Time is precious. Report the theft immediately to the exchange/wallet and authorities.
โช๏ธSecure the rest: Move remaining assets to a safe haven (a different wallet with robust security).
๏ธโโ๏ธ Recovery Paths:
โช๏ธExchange Support: Reputable platforms prioritize security and may offer recovery assistance. Contact them directly!
โช๏ธBlockchain Forensics: Specialized firms trace stolen funds and potentially freeze them. Consider their expertise, but be mindful of fees.
โช๏ธLaw Enforcement: File a police report. While complex, their resources can be invaluable in major cases.
โ ๏ธ Remember:
โช๏ธPrevention is key! Strong passwords, two-factor authentication, and vigilant awareness are your best defense.
โช๏ธBeware scams! Fake "recovery" services prey on desperation. Do your research and choose reputable firms.
โช๏ธStay informed: The crypto landscape evolves rapidly. Keep up-to-date on security best practices and emerging threats.
You are not alone! The crypto community stands with you. Share your story (anonymously, if needed) to raise awareness and connect with others facing similar challenges.
Remember, even in the darkest depths of the digital world, hope remains. Fight for your coins, and never give up!
P.S. Share this post to empower others and spread the knowledge!
#CryptoSecurity #stolencrypto #CryptoSafety #Write2Earn #Scams
Binance and CZ Face New Lawsuit Over Alleged Crypto Laundering
Binance, the world's largest cryptocurrency exchange, and its former CEO Changpeng "CZ" Zhao are facing a new class-action lawsuit ยน. Three cryptocurrency investors filed the lawsuit in the U.S. District Court for the Western District of Washington, Seattle, alleging that Binance enabled money laundering, preventing them from recovering their stolen crypto assets.
Allegations Against Binance:
The plaintiffs claim that thieves stole their cryptocurrencies and used Binance to launder the stolen funds, making them untraceable ยน. They argue that Binance's involvement in laundering these assets violates the Racketeer Influenced and Corrupt Organizations (RICO) Act.
Binance's History of Legal Issues:
This lawsuit follows Binance's $4.3 billion settlement with the U.S. Department of Justice in November 2023, where the exchange admitted to violating anti-money laundering laws ยฒ. CZ pleaded guilty to one count of violating anti-money laundering rules and was sentenced to four months in prison.
Implications for the Crypto Industry:
Legal experts suggest that this lawsuit could have significant implications for the entire cryptocurrency industry ยฒ. If the case proceeds to trial, it could raise questions about the effectiveness of blockchain analytics and on-chain asset recovery methods.
Stay Informed:
Stay up-to-date with the latest developments in this case and their potential impact on the crypto world.
#czprison #lawsuit #stolencrypto
Allegations Against Binance:
The plaintiffs claim that thieves stole their cryptocurrencies and used Binance to launder the stolen funds, making them untraceable ยน. They argue that Binance's involvement in laundering these assets violates the Racketeer Influenced and Corrupt Organizations (RICO) Act.
Binance's History of Legal Issues:
This lawsuit follows Binance's $4.3 billion settlement with the U.S. Department of Justice in November 2023, where the exchange admitted to violating anti-money laundering laws ยฒ. CZ pleaded guilty to one count of violating anti-money laundering rules and was sentenced to four months in prison.
Implications for the Crypto Industry:
Legal experts suggest that this lawsuit could have significant implications for the entire cryptocurrency industry ยฒ. If the case proceeds to trial, it could raise questions about the effectiveness of blockchain analytics and on-chain asset recovery methods.
Stay Informed:
Stay up-to-date with the latest developments in this case and their potential impact on the crypto world.
#czprison #lawsuit #stolencrypto
๐จ Major Cybersecurity Incident: NFTs Worth $1.5m Stolen From Flooring Protocol
In a recent cyberattack exploit, non-fungible token (NFT) liquidity solution Flooring Protocol fell victim to a breach on December 16, resulting in the theft of NFTs valued at $1.5 million. Here's the breakdown:
๐ Attack Details:
Reports indicate the attack targeted Flooring Protocolโs peripheral or multicall smart contract, leading to the illicit transfer and subsequent sale of the stolen NFTs by the attacker on the Blur platform.
๐ง Swift Response and Fix:
Flooring Protocol's developers responded promptly, deploying a fix a few hours after the attack. They assure users that the primary smart contract remains secure, and digital assets in vaults and safeboxes were unaffected by the breach.
๐ฐ Stolen NFTs Sold:
Despite the fix, the hacker managed to sell the pilfered NFTs on Blur, reaping between $1.5 million and $1.6 million, contingent on ETH prices.
๐ซ Dim Prospects for Recovery:
Boring Security, a security protocol funded by ApeCoin DAO, suggests that users who lost NFTs in the attack may face challenges in recovering them, given the swift actions of the hacker.
๐ Similar Incidents in the NFT Space:
This incident closely follows a breach on P2P NFT platform NFT Trader, where blue-chip NFTs were stolen. Notably, the hacker in that case initially demanded a bounty but later returned some of the stolen items.
๐ Market Impact:
Despite the attack, Flooring Protocol's native token FLC has shown resilience, experiencing a 12% surge in the last 24 hours. With a one-day trading volume of $3.34 million, FLC has displayed positive performance in the last 30 and 14 days, albeit a 22.2% loss in the previous seven days.
๐ Flooring Protocol Overview:
Launched just two months ago on October 15, Flooring Protocol quickly gained traction by offering a unique approach to NFTs, breaking them down into ERC-20s.
๐ Stay Informed, Stay Vigilant: Follow The Blockopedia for Real-time Updates in the Crypto Space! ๐
#Cryptoscam #stolencrypto #crypto #cryptocurrency #crypto2023
In a recent cyberattack exploit, non-fungible token (NFT) liquidity solution Flooring Protocol fell victim to a breach on December 16, resulting in the theft of NFTs valued at $1.5 million. Here's the breakdown:
๐ Attack Details:
Reports indicate the attack targeted Flooring Protocolโs peripheral or multicall smart contract, leading to the illicit transfer and subsequent sale of the stolen NFTs by the attacker on the Blur platform.
๐ง Swift Response and Fix:
Flooring Protocol's developers responded promptly, deploying a fix a few hours after the attack. They assure users that the primary smart contract remains secure, and digital assets in vaults and safeboxes were unaffected by the breach.
๐ฐ Stolen NFTs Sold:
Despite the fix, the hacker managed to sell the pilfered NFTs on Blur, reaping between $1.5 million and $1.6 million, contingent on ETH prices.
๐ซ Dim Prospects for Recovery:
Boring Security, a security protocol funded by ApeCoin DAO, suggests that users who lost NFTs in the attack may face challenges in recovering them, given the swift actions of the hacker.
๐ Similar Incidents in the NFT Space:
This incident closely follows a breach on P2P NFT platform NFT Trader, where blue-chip NFTs were stolen. Notably, the hacker in that case initially demanded a bounty but later returned some of the stolen items.
๐ Market Impact:
Despite the attack, Flooring Protocol's native token FLC has shown resilience, experiencing a 12% surge in the last 24 hours. With a one-day trading volume of $3.34 million, FLC has displayed positive performance in the last 30 and 14 days, albeit a 22.2% loss in the previous seven days.
๐ Flooring Protocol Overview:
Launched just two months ago on October 15, Flooring Protocol quickly gained traction by offering a unique approach to NFTs, breaking them down into ERC-20s.
๐ Stay Informed, Stay Vigilant: Follow The Blockopedia for Real-time Updates in the Crypto Space! ๐
#Cryptoscam #stolencrypto #crypto #cryptocurrency #crypto2023
North Korean Hackers Lazarus Group Stolen $3B in Cryptocurrency.
The hacker group stole the funds over the last six years, which was likely used to fund the country's projects, a report said.
North Korea-linked hacker organization Lazarus Group hasย stolen $3 billionย in cryptocurrency over the past six years, according to aย reportย by cybersecurity firm Recorded Future.
The report released on Thursday reveals that in 2022 alone, the group plundered $1.7 billion in cryptocurrency, likely to fund North Korean projects.
Blockchain data analysis firm Chainalysis indicates that out of this total, $1.1 billion was stolen from decentralized finance (DeFi) platforms. A September report published by the U.S. Department of Homeland Security (DHS) as part of its Analytic Exchange Program (AEP) alsoย highlighted Lazarus's exploitationย of DeFi protocols.
The U.S. Treasury Department introduced new sanctions against North Korea's cyber activities,ย adding 'Sinbad'ย to the Office of Foreign Assets Control's specially designated sanctions list. Sinbad has been implicated in laundering the cryptocurrencies stolen by the Lazarus Group.
The group is known to have used Sinbad's mixer services to hide the origins of the stolen funds. Such mixers obscure individual transaction trails by blending multiple users' transactions.
Lazarus Group's specialty is fund theft. In 2016, they hacked the Bangladesh Central Bank, stealing $81 million. In 2018, they hacked the Japanese cryptocurrency exchange Coincheck, diverting $530 million, and attacked the Central Bank of Malaysia, stealing $390 million.
#HackerAlert #LazarusGroup #stolencrypto #Stolen #hack
$XRP $SOL $SHIB
The hacker group stole the funds over the last six years, which was likely used to fund the country's projects, a report said.
North Korea-linked hacker organization Lazarus Group hasย stolen $3 billionย in cryptocurrency over the past six years, according to aย reportย by cybersecurity firm Recorded Future.
The report released on Thursday reveals that in 2022 alone, the group plundered $1.7 billion in cryptocurrency, likely to fund North Korean projects.
Blockchain data analysis firm Chainalysis indicates that out of this total, $1.1 billion was stolen from decentralized finance (DeFi) platforms. A September report published by the U.S. Department of Homeland Security (DHS) as part of its Analytic Exchange Program (AEP) alsoย highlighted Lazarus's exploitationย of DeFi protocols.
The U.S. Treasury Department introduced new sanctions against North Korea's cyber activities,ย adding 'Sinbad'ย to the Office of Foreign Assets Control's specially designated sanctions list. Sinbad has been implicated in laundering the cryptocurrencies stolen by the Lazarus Group.
The group is known to have used Sinbad's mixer services to hide the origins of the stolen funds. Such mixers obscure individual transaction trails by blending multiple users' transactions.
Lazarus Group's specialty is fund theft. In 2016, they hacked the Bangladesh Central Bank, stealing $81 million. In 2018, they hacked the Japanese cryptocurrency exchange Coincheck, diverting $530 million, and attacked the Central Bank of Malaysia, stealing $390 million.
#HackerAlert #LazarusGroup #stolencrypto #Stolen #hack
$XRP $SOL $SHIB
Who Stole $200 Million from Binance? ๐ฑ๐ธ
The crypto world is buzzing with one big question: Who hacked Binance and took $200 million? ๐ฆ๐ฅ It was an overnight shock, with funds disappearing from one of the most secure exchanges out there. ๐ฎ๐ป So, who could pull off such a daring heist, and how did they do it? Letโs dive into the top theories about this mysterious event. ๐ต๏ธโโ๏ธ๐
1. The Insider Job? ๐ค๐
Some people think it might have been an inside job. ๐ข๐ Could someone who used to work for Binance have used their knowledge of the system to steal the money? ๐ค๐ง There were rumors about a mysterious trader who made huge withdrawals right before the hack. Did they know something we didnโt? ๐๐ธ
2. The Crypto Mafia ๐ดโโ ๏ธ๐ฐ
Others believe it could be the work of a crypto crime gang. ๐๐ถ๏ธ These groups are known to hack exchanges to fund illegal activities and manipulate the market. If thatโs true, this isnโt just a simple theft โ it could be part of a bigger plan to control the crypto world! ๐๐
3. Government Hackers? ๐๐ฐ๐ต
Some even suggest that government-sponsored hackers could be involved. ๐ฑ๐จโ๐ป Countries like North Korea have been known to target crypto exchanges to get around economic sanctions and make some fast cash. ๐ธ Is the stolen money being used to fund secret projects? ๐คฏ๐ต๏ธโโ๏ธ
4. A Technical Glitch? ๐ ๏ธโ ๏ธ
Thereโs also the possibility that it wasnโt a hack at all, but a system flaw that someone found and exploited. ๐๐งฉ Maybe there was a hidden bug in Binanceโs software, giving hackers a way in. ๐๐งโ๐ป If so, are there other loopholes that still need to be fixed? ๐ง๐
Where Did the Money Go? ๐คทโโ๏ธ๐
Since the hack, the stolen funds have been moved around in small amounts to cover up the trail. ๐๐ฃ This makes it very hard to track down exactly where the money is. But the crypto community is on high alert, keeping an eye out for any clues. ๐๐ก
What Happens Next? ๐จ๐
With investigations ongoing, everyone is wondering: Will the stolen money be found? Or will it stay lost forever in the depths of the blockchain? ๐๐ If Binance can get hacked, does that mean no exchange is truly safe? ๐ฌ๐
#stolencrypto
1. The Insider Job? ๐ค๐
Some people think it might have been an inside job. ๐ข๐ Could someone who used to work for Binance have used their knowledge of the system to steal the money? ๐ค๐ง There were rumors about a mysterious trader who made huge withdrawals right before the hack. Did they know something we didnโt? ๐๐ธ
2. The Crypto Mafia ๐ดโโ ๏ธ๐ฐ
Others believe it could be the work of a crypto crime gang. ๐๐ถ๏ธ These groups are known to hack exchanges to fund illegal activities and manipulate the market. If thatโs true, this isnโt just a simple theft โ it could be part of a bigger plan to control the crypto world! ๐๐
3. Government Hackers? ๐๐ฐ๐ต
Some even suggest that government-sponsored hackers could be involved. ๐ฑ๐จโ๐ป Countries like North Korea have been known to target crypto exchanges to get around economic sanctions and make some fast cash. ๐ธ Is the stolen money being used to fund secret projects? ๐คฏ๐ต๏ธโโ๏ธ
4. A Technical Glitch? ๐ ๏ธโ ๏ธ
Thereโs also the possibility that it wasnโt a hack at all, but a system flaw that someone found and exploited. ๐๐งฉ Maybe there was a hidden bug in Binanceโs software, giving hackers a way in. ๐๐งโ๐ป If so, are there other loopholes that still need to be fixed? ๐ง๐
Where Did the Money Go? ๐คทโโ๏ธ๐
Since the hack, the stolen funds have been moved around in small amounts to cover up the trail. ๐๐ฃ This makes it very hard to track down exactly where the money is. But the crypto community is on high alert, keeping an eye out for any clues. ๐๐ก
What Happens Next? ๐จ๐
With investigations ongoing, everyone is wondering: Will the stolen money be found? Or will it stay lost forever in the depths of the blockchain? ๐๐ If Binance can get hacked, does that mean no exchange is truly safe? ๐ฌ๐
#stolencrypto