“Binance did nothing even though it knew of the theft and frequent cross-trading. Hackers manipulated accounts for over an hour, causing extremely abnormal transactions in multiple currency pairs without any risk control; Binance failed to freeze the funds of the obvious hacker’s single account in the platform on time.”
#binance #HackerNews

Hackers Recovered $3 Million Worth Wallet Password.🙉

In a fascinating turn of events that could easily be part of a Hollywood movie script, a bitcoin owner found themselves locked out of their wallet containing a substantial 43.6 BTC, worth just under $3 million. The plot thickened as the owner sought help from none other than a renowned hacker named Joe Grand, also known as Kingpin in the hacking community.

The intriguing saga, first brought to light by Kim Zetter for Wired, unfolded when the wallet owner, known only as Michael, reached out to Joe Grand in 2022. Joe Grand has gained notoriety for his knack for recovering lost bitcoin from inaccessible wallets. While Grand typically declines such requests due to his primary role as a consultant helping developers secure their systems, the intricate circumstances of Michael's case caught his attention.

The issue was a complex password generated using the RoboForm password manager, encrypted with TrueCrypt. However, a twist of fate led to the encrypted password file getting corrupted with no backup in place. Michael's reluctance to store the password in RoboForm for fear of potential hacking ironically contributed to the predicament.
After meticulous months of work, Grand and his team unearthed a security flaw in an outdated version of RoboForm's password generation mechanism. By exploiting this flaw, they were able to narrow down the search to the password generated on May 15, 2013.
Despite challenges and dead ends, perseverance paid off, leading to the successful recovery of the password. The revelation sparked a significant moment for Michael, allowing access to his bitcoin reserves. Subsequently, Michael cashed out some of the bitcoin, leaving him with 30 BTC to potentially capitalize on the cryptocurrency market's fluctuations.
The tale emphasizes the importance of secure password management and highlights the remarkable skill set of individuals like Joe.
#Megadrop #ETHETFsApproved #MtGox #HackerNews #btc70k

🚨👀Crypto Hack news

1. **Atomic Wallet Hack**: Atomic Wallet, a popular decentralized wallet, recently experienced a significant breach leading to the theft of over $35 million in various cryptocurrencies. The exact method of the hack is still under investigation, but users are advised to transfer their funds to secure wallets and avoid using the compromised application .

2. **Balancer Protocol Exploit**: The Balancer decentralized finance (DeFi) protocol was exploited for approximately $900,000 due to a vulnerability in its code. The Balancer team is working on mitigating the impact and compensating affected users .

3. **Bancor Protocol Vulnerability**: Another DeFi platform, Bancor, suffered an attack where the attacker exploited a vulnerability in its smart contract, resulting in a loss of $1.5 million. Bancor has since paused its operations and is collaborating with security experts to address the issue and recover the stolen funds .

These incidents highlight ongoing security challenges within the cryptocurrency space, emphasizing the need for robust security measures and vigilant monitoring.$BTC #HackerNews #CryptoCrashAlert

#HackerNews Holograph, an omnichain tokenization protocol, has been exploited by malicious actors on Thursday, draining 1 billion native HLG token. The crypto fell nearly 80% in value, following the hack.

In yet another staggering hack, perpetrators mined 1 billion HLG tokens and absconded with tokens worth $14.4 million. The platform posted on X that the team has “patched the initial exploit” and is working to freeze exploiters’ accounts.

🚨 London Arrest: 'Pump Fun' Crypto Hacker Reveals Risks in Ethereum (ETH) Trading Security🚨

The crypto world is buzzing as the hacker behind Pump Fun's $1.9 million attack breaks his silence, shedding light on critical security risks in Ethereum (ETH) trading. 🕵️‍♂️💥

🔍 Key Developments:
- Hacker Speaks Out: The hacker, known as Jarett Dunn or StaccOverflow, shared details about his arrest on social media, revealing new information about the attack. 💬
- Arrest and Bail:After his arrest in London, Dunn was unexpectedly granted bail and accused the Pump Fun team of even more serious offences. This twist adds a layer of complexity to the case, blending legal and ethical concerns. ⚖️

💡 Deeper Issues Uncovered:
Pump Fun, a Solana-based memecoin trading platform, suffered a major breach on May 16, resulting in nearly $2 million in losses. This incident has spotlighted the security vulnerabilities of meme coin platforms and their susceptibility to internal threats. 🛡️

🚨 Hacker's Allegations:
Dunn accused the platform of operating as an unregistered securities exchange and lacking proper KYC and AML procedures. If proven, these claims could have significant legal implications for similar platforms across the crypto industry. 🔐

🌐 Broader Implications:
The Pump Fun case underscores the complex nature of insider threats within the cryptocurrency sector. Employees with access to critical systems can pose substantial risks, highlighting the need for robust security measures and regulatory oversight. This incident also illustrates the challenges regulators face in ensuring compliance in the fast-evolving digital asset landscape. 🌪️

🚀 Looking Ahead:
As the crypto community watches closely, the Pump Fun saga serves as a stark reminder of the importance of security and regulatory compliance in protecting digital assets.

$BTC $ETH #CryptoSecurity #PumpFun #HackerNews #RegulationMatters #DigitalAssets

Crypto Mailing Vendors List Was Hacked; CEO of Tether Warns

[Due to a serious security breach, a prominent vendor that maintained email lists for cryptocurrency companies was hacked, which resulted in the dissemination of phony emails promising airdrops.]

It has been verified that a significant vendor in charge of email lists for different cryptocurrency organizations has been compromised, which is a worrying development for the bitcoin ecosystem. Sensitive information may have been compromised by this incident, which could have sparked a surge of phony emails offering cryptocurrency airdrops. Because unscrupulous actors may use the exposed data to trick consumers and spread frauds, the hack poses a serious danger to the security and confidence of the cryptocurrency sector.

[The CEO of Tether's Reaction and Suggestions]

The CEO of Tether, Paolo Ardoino, commented on the situation, stating that they have heard from two separate sources indicating that a well-known vendor that cryptocurrency companies employ to maintain their mailing lists may have been compromised. Ardoino warned the community to be very wary of such cryptocurrency scams, but he declined to name the vendor until the inquiry was over.

Ardoino said, "Please be cautious of any emails suggesting crypto-airdrops received since 24 hours ago." He stressed the significance of closely examining any unsolicited emails and cautioned against opening attachments or clicking on links from unidentified senders. The management of Tether is pushing for stricter security measures throughout the sector and is acting proactively to reduce the risks this incident poses.

[Greater Effect and Preventive Actions]

Bobby Ong, co-founder of CoinGecko, provided more information on the issue, confirming that an email newsletter provider is in fact the target of an ongoing supply chain email breach assault. These bogus email blasts touting fictitious token launches might have an impact on a number of cryptocurrency firms.
#Bitcoin❗ #HackerNews

🚨🚨 Security vulnerability attack on Loopring smart wallets.

Loopring smart wallets, especially those using #Loopring's Guardian, targeted by hacker. Hacker reset ownership and withdraw assets by impersonating wallet owner.

#CyberSafety #attack #Loopring #HackerNews