hacking
203,131 views
50 Discussing
Hot
Latest
💡 EXPLAINED: Let's talk about a growing cybersecurity threat – Crimeware-as-a-Service (CaaS). Like legitimate SaaS products but designed for cybercrime, this trend is reshaping online threats.
CaaS has industrialized cybercrime by making advanced hacking tools accessible to anyone willing to pay. Think of it as a dark mirror of legitimate cloud services.
#hacking #caas
CaaS has industrialized cybercrime by making advanced hacking tools accessible to anyone willing to pay. Think of it as a dark mirror of legitimate cloud services.
#hacking #caas
Crypto Money Laundering Driven by Hackers Surges to $1.3 Billion in 2024
Crypto money laundering linked to hacking reached a total of $1.3 billion in 2024, marking a 280% increase compared to 2023, when it stood at $342 million. This data, published by blockchain security firm PeckShield, suggests that the dramatic rise is partly due to the significant increase in cryptocurrency prices, such as Bitcoin, which more than doubled in value during 2024.
Hackers Employ Advanced Laundering Techniques
The PeckShield report highlights that hackers are increasingly using techniques like "chain hopping", which involves moving coins across multiple blockchains. This method alone facilitated the laundering of $452 million. Another common approach was coin mixing, which accounted for $468 million in laundered funds.
Fraud Losses Decline, but Phishing Remains a Major Issue
Overall fraud losses in the cryptocurrency industry decreased to $834.5 million in 2024, down 24% from $1.1 billion in 2023. However, phishing scams remained a significant concern, representing nearly 80% of all fraud-related losses, amounting to $660 million.
August 2024: The Month with the Highest Losses
According to PeckShield's monthly analysis, August 2024 was the most critical month, with losses totaling $293.4 million. The majority of these losses came from Bitcoin-related scams, which amounted to $238 million. Other notable incidents included:
A scam involving Wrapped Bitcoin, resulting in $71 million in losses.Rug-pull scams on BitForex and ZKasino, which cost investors $57 million and $33 million, respectively.
Total Crypto Industry Losses in 2024
As revealed in early January 2025, total losses in the crypto industry from hacks and scams in 2024 amounted to $3.01 billion, reflecting a 15% increase from $2.61 billion in 2023. Of this total, hacks accounted for $2.15 billion, while scams represented $834.5 million.
Positive News: Some Funds Recovered
Despite the significant losses, approximately $488.5 million of stolen funds were successfully recovered. This demonstrates that advanced security technologies and collaborative efforts between institutions can help mitigate the damage caused by cybercrime.
Conclusion: Rising Crime and the Need for Better Protection
The year 2024 highlighted a record surge in crypto money laundering driven by hackers, presenting challenges for the entire cryptocurrency industry. While overall fraud losses are declining, advanced laundering techniques and phishing scams remain significant threats. As such, implementing robust security measures and fostering industry collaboration are essential to protecting investors and reducing the impact of cybercrime.
#CryptoNewss , #HackerNews , #hacking , #MoneyLaundering , #CryptoCrime
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Hackers Employ Advanced Laundering Techniques
The PeckShield report highlights that hackers are increasingly using techniques like "chain hopping", which involves moving coins across multiple blockchains. This method alone facilitated the laundering of $452 million. Another common approach was coin mixing, which accounted for $468 million in laundered funds.
Fraud Losses Decline, but Phishing Remains a Major Issue
Overall fraud losses in the cryptocurrency industry decreased to $834.5 million in 2024, down 24% from $1.1 billion in 2023. However, phishing scams remained a significant concern, representing nearly 80% of all fraud-related losses, amounting to $660 million.
August 2024: The Month with the Highest Losses
According to PeckShield's monthly analysis, August 2024 was the most critical month, with losses totaling $293.4 million. The majority of these losses came from Bitcoin-related scams, which amounted to $238 million. Other notable incidents included:
A scam involving Wrapped Bitcoin, resulting in $71 million in losses.Rug-pull scams on BitForex and ZKasino, which cost investors $57 million and $33 million, respectively.
Total Crypto Industry Losses in 2024
As revealed in early January 2025, total losses in the crypto industry from hacks and scams in 2024 amounted to $3.01 billion, reflecting a 15% increase from $2.61 billion in 2023. Of this total, hacks accounted for $2.15 billion, while scams represented $834.5 million.
Positive News: Some Funds Recovered
Despite the significant losses, approximately $488.5 million of stolen funds were successfully recovered. This demonstrates that advanced security technologies and collaborative efforts between institutions can help mitigate the damage caused by cybercrime.
Conclusion: Rising Crime and the Need for Better Protection
The year 2024 highlighted a record surge in crypto money laundering driven by hackers, presenting challenges for the entire cryptocurrency industry. While overall fraud losses are declining, advanced laundering techniques and phishing scams remain significant threats. As such, implementing robust security measures and fostering industry collaboration are essential to protecting investors and reducing the impact of cybercrime.
#CryptoNewss , #HackerNews , #hacking , #MoneyLaundering , #CryptoCrime
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Cryptocurrency Scams and Hacks Surpass $3 Billion in 2024, a 15% Increase from 2023
The year 2024 proved challenging for cryptocurrency investors as hackers and scammers exploited vulnerabilities, resulting in multibillion-dollar losses.
Total Losses Exceed $3 Billion
According to data from PeckShield, cryptocurrency-related scams and hacks caused a total loss of $3.01 billion in 2024, marking a 15% increase compared to $2.61 billion in 2023. The breakdown is as follows:
$2.15 billion from hacks,$834.5 million from scams,Approximately $488.5 million was recovered.
Hacks Dominate Losses
Hacks accounted for over 70% of total losses, while scams contributed the remaining 30%. The largest portion of these losses occurred within decentralized finance (DeFi) protocols, highlighting their vulnerability compared to centralized platforms.
Biggest Incidents of 2024
The most significant attacks included:
DMM Bitcoin (Japan): loss of $305 million,PlayDapp: loss of $290 million,BTC Scam: loss of $238 million,WazirX (India): loss of $230 million,Gala Games: loss of $212 million.
Most Devastating Months
May 2024 was the worst month, with total losses peaking at $662.2 million.July and August saw losses exceeding $280 million each.In contrast, December 2024 recorded the smallest losses, amounting to $46.5 million.
Causes and Vulnerabilities
According to cybersecurity firm Hacken, there was a sharp rise in attacks exploiting access control vulnerabilities in 2024, accounting for 78% of total losses. These vulnerabilities affected:
Decentralized finance (DeFi) platforms,Centralized finance (CeFi) platforms,Gaming and metaverse projects.
Outlook and the Need for Enhanced Security
The year 2024 underscored the critical need for stronger security measures in the cryptocurrency space. Rising losses from scams and hacks serve as a warning to both investors and developers to prioritize prevention and strengthen the security of their platforms.
#HackerAlert , #CryptoScamAlert , #hacking , #CryptoNewss , #HackerNews
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Total Losses Exceed $3 Billion
According to data from PeckShield, cryptocurrency-related scams and hacks caused a total loss of $3.01 billion in 2024, marking a 15% increase compared to $2.61 billion in 2023. The breakdown is as follows:
$2.15 billion from hacks,$834.5 million from scams,Approximately $488.5 million was recovered.
Hacks Dominate Losses
Hacks accounted for over 70% of total losses, while scams contributed the remaining 30%. The largest portion of these losses occurred within decentralized finance (DeFi) protocols, highlighting their vulnerability compared to centralized platforms.
Biggest Incidents of 2024
The most significant attacks included:
DMM Bitcoin (Japan): loss of $305 million,PlayDapp: loss of $290 million,BTC Scam: loss of $238 million,WazirX (India): loss of $230 million,Gala Games: loss of $212 million.
Most Devastating Months
May 2024 was the worst month, with total losses peaking at $662.2 million.July and August saw losses exceeding $280 million each.In contrast, December 2024 recorded the smallest losses, amounting to $46.5 million.
Causes and Vulnerabilities
According to cybersecurity firm Hacken, there was a sharp rise in attacks exploiting access control vulnerabilities in 2024, accounting for 78% of total losses. These vulnerabilities affected:
Decentralized finance (DeFi) platforms,Centralized finance (CeFi) platforms,Gaming and metaverse projects.
Outlook and the Need for Enhanced Security
The year 2024 underscored the critical need for stronger security measures in the cryptocurrency space. Rising losses from scams and hacks serve as a warning to both investors and developers to prioritize prevention and strengthen the security of their platforms.
#HackerAlert , #CryptoScamAlert , #hacking , #CryptoNewss , #HackerNews
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Republicans Demand Explanation for U.S. Treasury Cyberattack
Call for Briefing on Cybersecurity Breach
Two U.S. Republican lawmakers, Senator Tim Scott and Representative French Hill, have called on the Department of the Treasury to explain a recent cyberattack allegedly carried out by China-backed hackers.
In a letter to Treasury Secretary Janet Yellen dated December 31, the lawmakers requested a comprehensive briefing for Congress, scheduled no later than January 10. They are demanding detailed information about the hackers’ access, the specifics of how the attack occurred, and the measures taken to prevent similar incidents in the future.
“A Serious Security Breach”
“This cyber breach is extremely concerning,” Scott and Hill stated in their letter. They highlighted that the Treasury Department manages some of the most sensitive information in the U.S., including tax records, business ownership details, and reports of suspicious activity. According to the lawmakers, safeguarding this information must be a top priority to prevent potential misuse by foreign adversaries.
“The fact that hackers supported by the Chinese Communist Party gained access to Treasury Department systems is unacceptable,” they added, emphasizing the need for strengthened security protocols.
Details of the Incident
The cyberattack occurred on December 2, 2024, when an unidentified threat actor infiltrated the workstations of Treasury employees. The attackers gained access to certain “non-classified” documents.
According to a December 30 letter from Treasury officials to lawmakers, the incident was attributed to China-backed advanced persistent threat (APT) actors. The department has committed to providing a more detailed report within 30 days, as mandated by the Federal Information Security Modernization Act.
China Denies Responsibility
China denied involvement in the attack, telling Reuters, “We strongly reject U.S. defamatory accusations against China without any factual basis.”
This breach has raised serious concerns about the federal government’s ability to protect sensitive information from foreign cyber threats, prompting lawmakers to demand immediate answers.
#CyberSecurity , #hacking , #CryptoSecurity , #technews , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Two U.S. Republican lawmakers, Senator Tim Scott and Representative French Hill, have called on the Department of the Treasury to explain a recent cyberattack allegedly carried out by China-backed hackers.
In a letter to Treasury Secretary Janet Yellen dated December 31, the lawmakers requested a comprehensive briefing for Congress, scheduled no later than January 10. They are demanding detailed information about the hackers’ access, the specifics of how the attack occurred, and the measures taken to prevent similar incidents in the future.
“A Serious Security Breach”
“This cyber breach is extremely concerning,” Scott and Hill stated in their letter. They highlighted that the Treasury Department manages some of the most sensitive information in the U.S., including tax records, business ownership details, and reports of suspicious activity. According to the lawmakers, safeguarding this information must be a top priority to prevent potential misuse by foreign adversaries.
“The fact that hackers supported by the Chinese Communist Party gained access to Treasury Department systems is unacceptable,” they added, emphasizing the need for strengthened security protocols.
Details of the Incident
The cyberattack occurred on December 2, 2024, when an unidentified threat actor infiltrated the workstations of Treasury employees. The attackers gained access to certain “non-classified” documents.
According to a December 30 letter from Treasury officials to lawmakers, the incident was attributed to China-backed advanced persistent threat (APT) actors. The department has committed to providing a more detailed report within 30 days, as mandated by the Federal Information Security Modernization Act.
China Denies Responsibility
China denied involvement in the attack, telling Reuters, “We strongly reject U.S. defamatory accusations against China without any factual basis.”
This breach has raised serious concerns about the federal government’s ability to protect sensitive information from foreign cyber threats, prompting lawmakers to demand immediate answers.
#CyberSecurity , #hacking , #CryptoSecurity , #technews , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
@defioasis explains that the #Eigenpie ($EGP ) IDO presents a compelling investment opportunity with several advantages, including a low public sale FDV of $6 million and a #TVL exceeding $1 billion, which suggests significant upside potential compared to similar projects like #Magpie . With a short timeline featuring a 100% unlock at TGE and confirmed listings on #Bitget , KuCoin, and Bybit around the 25th, the project has also secured strong backing from notable investors like the @Arbitrum Foundation and @PancakeSwap . Furthermore, the public sale offers full refunds, with a total investment of $1.03 million ongoing until the 24th. However, potential risks include decreased investor confidence stemming from a previous #hacking incident involving Magpie's Penpie subDAO, as well as possible market fatigue due to ongoing projects. Overall, while EigenPie has attractive features, thorough research (DYOR) is crucial to navigate the associated risks.
🚨 30-Year Prison Sentence For Crypto Mixer Founder
Roman Sterlingov, the mastermind behind the cryptocurrency mixer Bitcoin Fog, is fighting back against a hefty 30-year prison sentence after being found guilty on multiple money laundering charges.
Disputed Conviction and Sentence:
Sterlingov was convicted in March on charges that included money laundering, conspiracy, and running an unlicensed money transmitting business. Prosecutors allege he operated Bitcoin Fog from 2011 to 2021, helping to launder around $400 million in Bitcoin tied to illegal activities like drug trafficking and identity theft.
However, Sterlingov’s defense disputes the extent of his involvement, arguing that he wasn’t responsible for Bitcoin Fog's operations despite being linked to it. They also pointed out that key evidence—such as server logs, private keys, and ledgers—was never presented in court.
A Call for Fairness:
Sterlingov’s legal team argues that the proposed 20 to 30-year sentence is unjustified, especially when compared to similar cases that resulted in lighter penalties. They emphasize that the sentence should reflect his actual role, which they suggest was more about aiding and abetting rather than direct operation.
Judge Randolph Moss initially planned to sentence Sterlingov on August 21 but has decided to first consider the government’s forfeiture order, which includes 1,354 BTC still sitting untouched in a Bitcoin Fog wallet since 2012 and a possible $395 million judgment.
What do you think about this sentencing?
Drop your comment below!
#bitcoin #tornadocash #scam #cryptoscam #hacking
$BTC
Roman Sterlingov, the mastermind behind the cryptocurrency mixer Bitcoin Fog, is fighting back against a hefty 30-year prison sentence after being found guilty on multiple money laundering charges.
Disputed Conviction and Sentence:
Sterlingov was convicted in March on charges that included money laundering, conspiracy, and running an unlicensed money transmitting business. Prosecutors allege he operated Bitcoin Fog from 2011 to 2021, helping to launder around $400 million in Bitcoin tied to illegal activities like drug trafficking and identity theft.
However, Sterlingov’s defense disputes the extent of his involvement, arguing that he wasn’t responsible for Bitcoin Fog's operations despite being linked to it. They also pointed out that key evidence—such as server logs, private keys, and ledgers—was never presented in court.
A Call for Fairness:
Sterlingov’s legal team argues that the proposed 20 to 30-year sentence is unjustified, especially when compared to similar cases that resulted in lighter penalties. They emphasize that the sentence should reflect his actual role, which they suggest was more about aiding and abetting rather than direct operation.
Judge Randolph Moss initially planned to sentence Sterlingov on August 21 but has decided to first consider the government’s forfeiture order, which includes 1,354 BTC still sitting untouched in a Bitcoin Fog wallet since 2012 and a possible $395 million judgment.
What do you think about this sentencing?
Drop your comment below!
#bitcoin #tornadocash #scam #cryptoscam #hacking
$BTC
*🚨⚠️🚨KyberSwap Hacker Resurfaces: $5.83M Transferred ⚡️*
$BTC $NOT $BNB 🌏⤴️🪙
*Key Developments 📊*
1. Hacker's Return: After 7 months of inactivity, the KyberSwap hacker resurfaced 🤖.
2. Recent Transfer: 2200 ETH ($5.83M) transferred to Tornado Cash 💸.
3. Previous Heist: $48.3M stolen across multiple networks (Arbitrum, Optimism, Ethereum, Polygon, Base) 📈.
*Laundering Efforts 🚮*
1. Total Laundered: 7200 ETH ($17.23M) through a mixer 📊.
2. Remaining Balance: 12,306 ETH ($32.2M) across 16 addresses 💰.
*Timeline 📆*
1. November 23, 2023: Kyber network exploited 🔥.
2. Today: Hacker resurfaced, transferring $5.83M 📈.
*Implications 🤔*
1. Security Concerns: Renewed focus on decentralized finance (DeFi) security 🔒.
2. Money Laundering: Increased scrutiny on cryptocurrency mixers 🚨.
*Expert Insights 💡*
"DeFi security requires constant vigilance."
"Money laundering prevention is crucial."
*Conclusion 🤝*
The KyberSwap hacker's return highlights ongoing DeFi security risks. Platforms and authorities must intensify efforts to prevent cryptocurrency crimes.
#CryptocurrencySecurity #DefiMonеy #hacking #CPI_BTC_Watch
$BTC $NOT $BNB 🌏⤴️🪙
*Key Developments 📊*
1. Hacker's Return: After 7 months of inactivity, the KyberSwap hacker resurfaced 🤖.
2. Recent Transfer: 2200 ETH ($5.83M) transferred to Tornado Cash 💸.
3. Previous Heist: $48.3M stolen across multiple networks (Arbitrum, Optimism, Ethereum, Polygon, Base) 📈.
*Laundering Efforts 🚮*
1. Total Laundered: 7200 ETH ($17.23M) through a mixer 📊.
2. Remaining Balance: 12,306 ETH ($32.2M) across 16 addresses 💰.
*Timeline 📆*
1. November 23, 2023: Kyber network exploited 🔥.
2. Today: Hacker resurfaced, transferring $5.83M 📈.
*Implications 🤔*
1. Security Concerns: Renewed focus on decentralized finance (DeFi) security 🔒.
2. Money Laundering: Increased scrutiny on cryptocurrency mixers 🚨.
*Expert Insights 💡*
"DeFi security requires constant vigilance."
"Money laundering prevention is crucial."
*Conclusion 🤝*
The KyberSwap hacker's return highlights ongoing DeFi security risks. Platforms and authorities must intensify efforts to prevent cryptocurrency crimes.
#CryptocurrencySecurity #DefiMonеy #hacking #CPI_BTC_Watch
✅ The S&P 500 is treading water, $BTC is undergoing a correction, but buyers are still trying to defend the key level of $58k 🕯
Monday news:
✔️ Retail sales and industrial production data from China showed an economic slowdown
✔️ The government of Bhutan holds $780 million worth of BTC, earned through mining
✔️ The Dow Jones stock index reached a new high of $41,558 💵
✔️ Pre-orders for the iPhone 16 have dropped by 12.7% compared to the iPhone 15
✔️ Binance warned of a potential threat to user accounts due to malware called Clipper
✔️ A whale with a balance of 16,636 $ETH, bought in 2016 for $87,135, sold 350 ETH today 🤑
✔️ Hackers got a job at the Delta Prime protocol and withdrew $7 million
✔️ Research: In 2024, cryptocurrency donations for elections in the US will total $190 million
#BTC #DowJones #ETH #hacking
Monday news:
✔️ Retail sales and industrial production data from China showed an economic slowdown
✔️ The government of Bhutan holds $780 million worth of BTC, earned through mining
✔️ The Dow Jones stock index reached a new high of $41,558 💵
✔️ Pre-orders for the iPhone 16 have dropped by 12.7% compared to the iPhone 15
✔️ Binance warned of a potential threat to user accounts due to malware called Clipper
✔️ A whale with a balance of 16,636 $ETH, bought in 2016 for $87,135, sold 350 ETH today 🤑
✔️ Hackers got a job at the Delta Prime protocol and withdrew $7 million
✔️ Research: In 2024, cryptocurrency donations for elections in the US will total $190 million
#BTC #DowJones #ETH #hacking
✅ Thursday News:
✔️ OKX launched a promotion with a prize pool of 1.65 billion X tokens to celebrate the listing of X Empire.
✔️ A hacker was arrested for hacking the SEC's Twitter account in January 2024 and posting a fake announcement about Bitcoin ETF approval. 👌
✔️ Amazon and Google are racing to invest in nuclear energy to meet future AI demands.
✔️ Quantity Funds has created a Bitcoin and Gold-based ETF.
✔️ Bloomberg: Crypto market maker Jump Trading is accused of price manipulation of the DIO token.
✔️ Crypto exchange Kraken announced its own wrapped Bitcoin, kBTC.
✔️ Hackers breached the Radiant Capital crypto project, stealing $51 million.
✔️ Research shows that the number of cryptocurrency users worldwide has reached 617 million.
✔️ BTC open interest set a new record at $20 billion. 🤑
✔️ Hamster Kombat promises the upcoming launch of its second season.
#btc #kraken #hacking #etf #news
✔️ OKX launched a promotion with a prize pool of 1.65 billion X tokens to celebrate the listing of X Empire.
✔️ A hacker was arrested for hacking the SEC's Twitter account in January 2024 and posting a fake announcement about Bitcoin ETF approval. 👌
✔️ Amazon and Google are racing to invest in nuclear energy to meet future AI demands.
✔️ Quantity Funds has created a Bitcoin and Gold-based ETF.
✔️ Bloomberg: Crypto market maker Jump Trading is accused of price manipulation of the DIO token.
✔️ Crypto exchange Kraken announced its own wrapped Bitcoin, kBTC.
✔️ Hackers breached the Radiant Capital crypto project, stealing $51 million.
✔️ Research shows that the number of cryptocurrency users worldwide has reached 617 million.
✔️ BTC open interest set a new record at $20 billion. 🤑
✔️ Hamster Kombat promises the upcoming launch of its second season.
#btc #kraken #hacking #etf #news
See original
Hackers stole $81 million worth of cryptocurrencies from the Orbit Chain platform
On New Year's Eve, the South Korean cryptocurrency platform Orbit Chain suffered a hacker attack, during which the attackers stole crypto assets worth more than $81 million.
The Orbit Chain team has confirmed that unauthorized access was gained to the decentralized Orbit Bridge on December 31st. Hackers removed ETH from the protocol, as well as stablecoins USDC and USDT. Orbit Chain said the platform has enlisted the help of the Korea National Police Agency and the Korea Internet and Security Agency (KISA) to investigate the cyberattack.
ChainLight, a company specializing in blockchain security, is also involved in the investigation. Analytics companies CertiK and PeckShield estimated the total losses of the protocol at $81.5 million, of which $30 million was in USDT and $10 million in USDC.
#UFO #hacking
On New Year's Eve, the South Korean cryptocurrency platform Orbit Chain suffered a hacker attack, during which the attackers stole crypto assets worth more than $81 million.
The Orbit Chain team has confirmed that unauthorized access was gained to the decentralized Orbit Bridge on December 31st. Hackers removed ETH from the protocol, as well as stablecoins USDC and USDT. Orbit Chain said the platform has enlisted the help of the Korea National Police Agency and the Korea Internet and Security Agency (KISA) to investigate the cyberattack.
ChainLight, a company specializing in blockchain security, is also involved in the investigation. Analytics companies CertiK and PeckShield estimated the total losses of the protocol at $81.5 million, of which $30 million was in USDT and $10 million in USDC.
#UFO #hacking
Crypto Crime Trends: Rising Threats and Increased Losse
The cryptocurrency space continues to attract both innovation and risk, with increasing concerns over cybersecurity. As digital assets like Bitcoin and Ethereum become more mainstream, they are also becoming prime targets for cybercriminals. In 2024, cryptocurrency hack losses have surged by 21%, reaching an eye-watering $2.2 billion, according to recent reports. This marks the fourth consecutive year where cryptocurrency-related crimes have caused massive financial losses.
The nature of these attacks is becoming more sophisticated. Cybercriminals now have access to advanced techniques to breach digital wallets, exchanges, and even decentralized platforms. These attacks often occur through phishing, ransomware, or exploiting vulnerabilities in smart contracts. The stolen funds are typically funneled through decentralized exchanges, making it difficult for authorities to trace the illicit movements.
As the crypto industry grows, so does the scale of the threat. The decentralized nature of cryptocurrencies, while offering benefits like privacy and security, also makes them vulnerable to misuse. Hackers can act with relative anonymity, moving stolen assets across borders in seconds, making the recovery of stolen funds incredibly challenging.
For investors and crypto enthusiasts, these rising threats highlight the need for robust security measures. Using hardware wallets, enabling multi-factor authentication, and choosing exchanges with strong security protocols are essential steps to protect digital assets from cyberattacks. Additionally, vigilance in monitoring accounts for suspicious activity is critical to preventing significant losses.
The rise in cybercrime also underscores the importance of regulatory oversight and institutional partnerships to strengthen security frameworks across the cryptocurrency ecosystem. As the industry matures, ensuring that platforms and users adhere to the highest security standards will be crucial to combatting the growing threat of digital crime.
#BTCNextMove #Hacking
The cryptocurrency space continues to attract both innovation and risk, with increasing concerns over cybersecurity. As digital assets like Bitcoin and Ethereum become more mainstream, they are also becoming prime targets for cybercriminals. In 2024, cryptocurrency hack losses have surged by 21%, reaching an eye-watering $2.2 billion, according to recent reports. This marks the fourth consecutive year where cryptocurrency-related crimes have caused massive financial losses.
The nature of these attacks is becoming more sophisticated. Cybercriminals now have access to advanced techniques to breach digital wallets, exchanges, and even decentralized platforms. These attacks often occur through phishing, ransomware, or exploiting vulnerabilities in smart contracts. The stolen funds are typically funneled through decentralized exchanges, making it difficult for authorities to trace the illicit movements.
As the crypto industry grows, so does the scale of the threat. The decentralized nature of cryptocurrencies, while offering benefits like privacy and security, also makes them vulnerable to misuse. Hackers can act with relative anonymity, moving stolen assets across borders in seconds, making the recovery of stolen funds incredibly challenging.
For investors and crypto enthusiasts, these rising threats highlight the need for robust security measures. Using hardware wallets, enabling multi-factor authentication, and choosing exchanges with strong security protocols are essential steps to protect digital assets from cyberattacks. Additionally, vigilance in monitoring accounts for suspicious activity is critical to preventing significant losses.
The rise in cybercrime also underscores the importance of regulatory oversight and institutional partnerships to strengthen security frameworks across the cryptocurrency ecosystem. As the industry matures, ensuring that platforms and users adhere to the highest security standards will be crucial to combatting the growing threat of digital crime.
#BTCNextMove #Hacking
$WRX
#WRX Coin Chart Analysis
Despite issues like the #hacking incident and other factors, the chart looks promising.
It seems to have formed an impulse wave, and the WXY correction appears to be in progress.
Once the correction ends, the bull run should begin, right?
However, how high it will rise remains uncertain.
I’ll revisit the chart later, but for now, it doesn’t look bad.
If you'd like to see more chart analysis, please follow.
#WRX Coin Chart Analysis
Despite issues like the #hacking incident and other factors, the chart looks promising.
It seems to have formed an impulse wave, and the WXY correction appears to be in progress.
Once the correction ends, the bull run should begin, right?
However, how high it will rise remains uncertain.
I’ll revisit the chart later, but for now, it doesn’t look bad.
If you'd like to see more chart analysis, please follow.
Crypto hacking case Shakeeb Ahmed:
• Sentence Details: Ahmed received a 3-year prison sentence for his crimes, which involved stealing over $12 million from two cryptocurrency exchanges.
• Hacks Committed: He hacked Crema Finance and Nirvana Finance, two decentralized exchanges built on Solana, and stole significant amounts of cryptocurrency.
• Forfeiture and Restitution: As part of his sentence, Ahmed is required to forfeit $12.3 million and pay $5 million in restitution.
• Guilty Plea: Ahmed pleaded guilty to one count of computer fraud in December.
• Legal Precedent: This case is noted as the first-ever conviction for the hack of a smart contract, setting a precedent in the legal treatment of such cybercrimes.
#FollowForMoreInsights #BullorBearn #hacking #780million #780 #million780
• Sentence Details: Ahmed received a 3-year prison sentence for his crimes, which involved stealing over $12 million from two cryptocurrency exchanges.
• Hacks Committed: He hacked Crema Finance and Nirvana Finance, two decentralized exchanges built on Solana, and stole significant amounts of cryptocurrency.
• Forfeiture and Restitution: As part of his sentence, Ahmed is required to forfeit $12.3 million and pay $5 million in restitution.
• Guilty Plea: Ahmed pleaded guilty to one count of computer fraud in December.
• Legal Precedent: This case is noted as the first-ever conviction for the hack of a smart contract, setting a precedent in the legal treatment of such cybercrimes.
#FollowForMoreInsights #BullorBearn #hacking #780million #780 #million780
Smartphone Hack Reveals Insights into Targeted Attack on Trump
In a groundbreaking achievement, the FBI has successfully penetrated the smartphone of the individual who targeted Trump, effectively bypassing the encryption and gaining access to the encrypted data. This significant development has revolutionized the investigation, endowing law enforcement agents with invaluable insights into the attacker's motives and potential affiliations with other individuals.
The meticulous analysis of the smartphone data has yielded a plethora of noteworthy discoveries. Most notably, it has exposed the perpetrator's affiliation with a specific extremist organization, serving as further corroboration of suspicions that the attack was politically motivated.
Furthermore, the smartphone data has played an indispensable role in reconstructing the sequence of events leading up to and during the assault. Investigators have ascertained that the assailant painstakingly acquired intricate details about Trump's schedule and whereabouts, providing compelling evidence of a meticulously orchestrated and premeditated assault.
It is of utmost importance to highlight that the breach of the smartphone was conducted in full compliance with all legal protocols and regulations. The investigation remains resolute in its unwavering commitment to uncover every facet and underlying cause of this incident.
#Trump2024 #hacking #attacked #fbi #BTC
The meticulous analysis of the smartphone data has yielded a plethora of noteworthy discoveries. Most notably, it has exposed the perpetrator's affiliation with a specific extremist organization, serving as further corroboration of suspicions that the attack was politically motivated.
Furthermore, the smartphone data has played an indispensable role in reconstructing the sequence of events leading up to and during the assault. Investigators have ascertained that the assailant painstakingly acquired intricate details about Trump's schedule and whereabouts, providing compelling evidence of a meticulously orchestrated and premeditated assault.
It is of utmost importance to highlight that the breach of the smartphone was conducted in full compliance with all legal protocols and regulations. The investigation remains resolute in its unwavering commitment to uncover every facet and underlying cause of this incident.
#Trump2024 #hacking #attacked #fbi #BTC
⚠️ Another hack on OKX — on May 30, $11.6 million was stolen from the account of Singapore-based market maker QuantMatter. The account was created using standalone Google Authenticator. The cause of the hack is currently unknown.
It's worth noting that two users whose OKX accounts were hacked received full compensation from the platform.
OKX has strengthened its security measures by adding mandatory Google Authenticator, a new generation of AI-powered facial recognition, and dual manual verification.
#binance #OKX #hacking
It's worth noting that two users whose OKX accounts were hacked received full compensation from the platform.
OKX has strengthened its security measures by adding mandatory Google Authenticator, a new generation of AI-powered facial recognition, and dual manual verification.
#binance #OKX #hacking
☄️Hackers who breached the WazirX exchange have sold altcoins worth $63 million.
The hackers still have stolen altcoins worth $106.9 million.
Here's the list of altcoins that ended up in the hands of the hackers 👆
#wazirX #hacking #altcoins
The hackers still have stolen altcoins worth $106.9 million.
Here's the list of altcoins that ended up in the hands of the hackers 👆
#wazirX #hacking #altcoins
🏆🏆🏆
#scam #hacking
❌ CEO Tether warns about the possibility of mass mailing of phishing emails with the distribution of cryptocurrency!
Hackers hacked a “well-known” email marketing service provider (name not disclosed).
♥︎Your generous support fuels our mission, enabling us to deliver even better investment advice.$BTC
#scam #hacking
❌ CEO Tether warns about the possibility of mass mailing of phishing emails with the distribution of cryptocurrency!
Hackers hacked a “well-known” email marketing service provider (name not disclosed).
♥︎Your generous support fuels our mission, enabling us to deliver even better investment advice.$BTC
While everyone is rushing to post about the $18M hack, let’s take a step back and look at the bigger picture. The Radiant Capital breach highlights not just the vulnerabilities in DeFi, but the importance of proper contract audits and real-time monitoring in decentralized ecosystems.
😎 It’s not just another “hack headline.” This incident reminds us that DeFi protocols are powerful but still evolving. As the space grows, security has to be a top priority—especially when billions are locked in smart contracts across multiple chains.
For those in the DeFi game, let’s use this as a learning moment. What are your thoughts on improving the security standards for protocols like Radiant Capital? 😏
#MarketDownturn #RadiantCapital #defi #hacking
😎 It’s not just another “hack headline.” This incident reminds us that DeFi protocols are powerful but still evolving. As the space grows, security has to be a top priority—especially when billions are locked in smart contracts across multiple chains.
For those in the DeFi game, let’s use this as a learning moment. What are your thoughts on improving the security standards for protocols like Radiant Capital? 😏
#MarketDownturn #RadiantCapital #defi #hacking
$BTC ✅ The S&P 500 continues its recovery, buoyed by analysts at Goldman Sachs promising a new all-time high.
BTC is trading near $59k, awaiting a push to determine its next move 🕯
Monday’s News:
✔️ The crypto platform Cryptomus announced support for USDT on the TON network.
✔️ Bloomberg: China and the U.S. have established a contact group to resolve “financial stresses.”
✔️ The Italian bank Banca Sella added BTC trading.
✔️ Malaysian authorities crushed 985 ASIC miners worth $450k with a steamroller.
✔️ Analyst ZachXBT discovered a Bitcoin wallet hack involving 4,064 BTC ($238 million).
✔️ Media: RAKBANK from the UAE signed an agreement with Bitpanda to launch a crypto exchange.
✔️ The most expensive NFT from the CryptoPunk collection, #5822 ($23.7 million), was resold at an 80% discount for 1,500 ETH ($3.9 million).
✔️ The stablecoin USDT is now available on the Aptos network.
✔️ Study: Only 20% of traders made a profit on the Pump fun Ⓜ️ meme token launch platform.
✔️ An American woman is suing Google for $5 million in stolen cryptocurrency, blaming a fraudulent app from Google Play for the hack.
#ETH #USDT #hacking #Toncoin
BTC is trading near $59k, awaiting a push to determine its next move 🕯
Monday’s News:
✔️ The crypto platform Cryptomus announced support for USDT on the TON network.
✔️ Bloomberg: China and the U.S. have established a contact group to resolve “financial stresses.”
✔️ The Italian bank Banca Sella added BTC trading.
✔️ Malaysian authorities crushed 985 ASIC miners worth $450k with a steamroller.
✔️ Analyst ZachXBT discovered a Bitcoin wallet hack involving 4,064 BTC ($238 million).
✔️ Media: RAKBANK from the UAE signed an agreement with Bitpanda to launch a crypto exchange.
✔️ The most expensive NFT from the CryptoPunk collection, #5822 ($23.7 million), was resold at an 80% discount for 1,500 ETH ($3.9 million).
✔️ The stablecoin USDT is now available on the Aptos network.
✔️ Study: Only 20% of traders made a profit on the Pump fun Ⓜ️ meme token launch platform.
✔️ An American woman is suing Google for $5 million in stolen cryptocurrency, blaming a fraudulent app from Google Play for the hack.
#ETH #USDT #hacking #Toncoin
LEGO Falls Victim to Cryptocurrency Scam in Recent Website Breach
In a concerning development for both crypto enthusiasts and LEGO fans alike, the renowned toy manufacturer's official website was compromised earlier this week, exposing visitors to a fraudulent cryptocurrency scheme. The incident, which occurred on October 4th, saw hackers injecting unauthorized content promoting a fictitious "LEGO Token" cryptocurrency.
The Attack
Visitors to LEGO.com were greeted with an unexpected sight: promotional materials for what appeared to be an official LEGO cryptocurrency. The deceptive campaign featured the company's iconic branding and promised exclusive rewards to those who purchased tokens using Ethereum cryptocurrency. The scammers had strategically placed a banner that directed unsuspecting users to an external website for token purchases.
Swift Response
Upon detecting the breach, LEGO's security team sprang into action, swiftly removing the malicious content and severing connections to the fraudulent external site. In a statement following the incident, the company reassured its customer base that no user data had been compromised during the attack. While specific details about the security vulnerability remain undisclosed, LEGO has confirmed that enhanced protective measures are being implemented.
Broader Implications
This incident reflects a troubling trend in cybersecurity where criminals increasingly target established brands to lend credibility to cryptocurrency scams. By hijacking the trust associated with well-known companies like LEGO, these bad actors aim to deceive even the most cautious consumers.
Lessons Learned
The breach serves as a crucial reminder that even the most reputable websites can fall victim to cybercriminals. For consumers, the key takeaways include:
Exercise heightened skepticism toward unexpected cryptocurrency promotionsVerify cryptocurrency offerings through official company channelsBe wary of time-sensitive or pressure-based investment opportunitiesDouble-check website security indicators before making any transactions
Moving Forward
While LEGO's prompt response helped contain the situation, this incident highlights the evolving challenges companies face in protecting their digital presence. As cryptocurrencies continue to capture public interest, we can expect cybercriminals to devise increasingly sophisticated schemes targeting well-known brands.
For both businesses and consumers, this event reinforces the importance of maintaining robust security practices in an era where digital threats constantly evolve.
#LEGO #victim #HackerAlert #hacking #LEGOTOKEN
The Attack
Visitors to LEGO.com were greeted with an unexpected sight: promotional materials for what appeared to be an official LEGO cryptocurrency. The deceptive campaign featured the company's iconic branding and promised exclusive rewards to those who purchased tokens using Ethereum cryptocurrency. The scammers had strategically placed a banner that directed unsuspecting users to an external website for token purchases.
Swift Response
Upon detecting the breach, LEGO's security team sprang into action, swiftly removing the malicious content and severing connections to the fraudulent external site. In a statement following the incident, the company reassured its customer base that no user data had been compromised during the attack. While specific details about the security vulnerability remain undisclosed, LEGO has confirmed that enhanced protective measures are being implemented.
Broader Implications
This incident reflects a troubling trend in cybersecurity where criminals increasingly target established brands to lend credibility to cryptocurrency scams. By hijacking the trust associated with well-known companies like LEGO, these bad actors aim to deceive even the most cautious consumers.
Lessons Learned
The breach serves as a crucial reminder that even the most reputable websites can fall victim to cybercriminals. For consumers, the key takeaways include:
Exercise heightened skepticism toward unexpected cryptocurrency promotionsVerify cryptocurrency offerings through official company channelsBe wary of time-sensitive or pressure-based investment opportunitiesDouble-check website security indicators before making any transactions
Moving Forward
While LEGO's prompt response helped contain the situation, this incident highlights the evolving challenges companies face in protecting their digital presence. As cryptocurrencies continue to capture public interest, we can expect cybercriminals to devise increasingly sophisticated schemes targeting well-known brands.
For both businesses and consumers, this event reinforces the importance of maintaining robust security practices in an era where digital threats constantly evolve.
#LEGO #victim #HackerAlert #hacking #LEGOTOKEN