After numerous attempts to solicit community backing and recompense #Euler hackers, 3000 #ETH have now been restored.

In the past, the scheme also required hackers to return 90% and keep 10% as a prize, which would have been the equivalent of around $20 million. #Hackers did not respond, therefore the project was forced to turn to the public for assistance and offer a $1 million reward to anyone who could discover the hacker's hint.

Based on information made public by the security company #BlockSec today, the Euler attackers have begun returning funds, with 3,000 ETH (or roughly $5 million) restored so far. The BlockSec tweeted:

“We observed that the #Euler attacker 0xb66cd966670d962C227B3EABA30a872DbFb995db is returning money to Euler finance now. 3000 Ether was returning so far."

But yesterday, hacker Euler began acting oddly after sending 100 ETH to the infamous hacking collective #Lazarus Group. After last year's Ronin hack, he expressed concern that this might be the reason for the hundreds of millions of dollars' worth of hack.

As was previously mentioned, on March 13, independent security researcher CIA Officer claimed on Twitter that the DeFi Euler Finance loan agreement was compromised for a total of about $197 million, consisting of 8,877,507.35 DAI, 849.14 WBTC, 34,413,863.42 USDC, and 85,818.26 stETH, while being monitored by the BlockSec security team.

Euler Finance, a lending platform built on Ethereum, finished fundraising $32 million in June of last year. Variant, FTX Ventures, and Jump Crypto all took part in the investment, which was organized by Haun Ventures.

Later this year, a DAO will be introduced, enabling users to exercise administrative rights over Euler Finance's growth and operations and choose how their community funds will be used, based on Euler.

Arbitrum-based DeFi protocol Jimbos was hacked on May 28, resulting in the loss of 4,000 Ether (ETH) worth approximately $7.5 million.

The attack was carried out by exploiting a vulnerability in the protocol’s liquidity conversion mechanism. The attacker was able to reverse swap orders for their own gain, resulting in the loss of funds.

Source: PeckShieldAlert

Jimbos Protocol is a relatively new protocol, having only been launched in April 2023. The protocol aims to address liquidity and volatile token prices through a new testing approach.

However, the protocol’s mechanism was not adequately developed, leading to the logical vulnerability that was exploited in the attack.

The price of the underlying token, Jimbo (JIMBO), has plummeted by 40% as a result of the attack.

Source: PeckShieldAlert

Hacking incidents in DeFi protocols are not a novel phenomenon. While reports indicate a significant decline in the number of attacks compared with previous years, the community continues to be exposed to numerous exploits. #ETH #Ethereum #Jimbos #Hackers #Jimboshacked

🔒 Important Security Update 🔒

#PolyNetwork has experienced another attack, resulting in the minting and sale of significant amounts of assets. Here are the details:

🔥 The hackers sold:

94B $SHIB for 360 $ETH

495M $COOK for 16 $ETH

15M $RFuel for 27 ETH

📈 Additionally, the hackers are transferring assets and 1 ETH to new wallets, most likely for sale. Exercise caution!

💡 On a related note, #MetisDAO has reported a lack of sell liquidity for newly minted $BNB and $BUSD on #Metis Stay vigilant!

🚨 #Hackers Address: https://debank.com/profile/0xe0afadad1d93704761c8550f21a53de3468ba599

✅ Your security is our top priority. Please take the necessary precautions to protect your assets and avoid falling victim to any potential scams or fraudulent activities.

Transactons Proof:-

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A blockchain analyst warned about a fake page of the HitBTC platform, on which scammers use phishing links to empty users’ cryptocurrency wallets

Hackers stole more than $15 million in various cryptocurrencies through a fake website. Which mimics the HitBTC cryptocurrency exchange page. This was reported by a blockchain security analyst at SlowMist. According to the company, scammers are stealing various cryptocurrencies, including bitcoin, Ethereum and USDT. They do this through a fake website that looks similar to the original exchange portal.

Analyst identified and published four cryptocurrency addresses of the attackers. He also explained that he discovered three ways in which hackers gain access to users’ wallets on this site.

The fake page may prompt users to verify the wallet’s connection. After a user clicks the Confirm button, hackers gain access to USDT tokens.

The second option was to go to the page for depositing funds, which is identical to the real page on the exchange. But in the field for the deposit address entered data hackers. In this case, they rely on the fact that the information in the standard fields will not be double-checked by the account owner.

In the third case, the scammers take advantage of the fact that the sidebar to sign the transaction on the site pops up automatically. And with the data already completely filled in, which are also usually not double-checked. When the user clicks on the transaction confirmation button, the hackers gain access to the assets.

Our experts point out that in February of this year, hackers spoofed the website of a major cryptocurrency conference. Where they offered users to connect MetaMask wallets and make a transaction that debited funds. To promote their site, the scammers even paid for advertising on Google. And rose to second place in search for a while.

#Hackers #crypto2023 #cryptotrading #cryptonews #Binance

$794K SIM swap hacker #PlugwalkJoe sentenced to 5 years in prison.

British #Hackers Joseph O’Connor, also known online as PlugwalkJoe, has been sentenced to five years in a United States prison for his role in stealing $794,000 worth of cryptocurrency via a SIM swap attack on a crypto #exchange executive in April 2019.

O’Connor was initially arrested in Spain in July 2021 and was extradited to the U.S. on April 26, 2023. In May, he pled guilty to a slew of charges relating to conspiracy to commit computer intrusions, conspiracy to commit wire fraud and conspiracy to commit #money laundering — to name a few.

#crypto2023

Crypto Crime Report: Top Hacks and Exploits in Q1 2023 Expose $1.7 Billion Stolen – Protect Your Assets Now!

Cryptocurrency crimes are on the rise, with 2022 on track to become the biggest year for crypto crime ever, surpassing $3 billion in stolen funds. Malicious actors have shifted their focus to cross-chain bridges and decentralized finance (DeFi) apps, making it crucial for crypto holders to stay informed and take proactive measures to safeguard their assets. In this report, we highlight the major crypto hacks and exploits that occurred in the first quarter of 2023, amounting to a staggering $1.7 billion in losses. Stay alert and protect your investments!



Ronin Network: $625 Million In March 2023, an attacker stole $625 million worth of Ether (ETH) and USDC from the Ronin Network, impacting the popular Axie Infinity blockchain gaming platform. Exploiting hacked private keys, the attacker conducted fake withdrawals, depleting the funds from the Ronin bridge.

Wormhole Bridge: $325 Million In February 2023, the Wormhole token bridge suffered a $325 million hack. The attacker bypassed the bridge's verification, fraudulently minted WETH tokens, and exchanged them for other cryptocurrencies, leaving the Wormhole team scrambling to recover the lost funds.

Nomad Bridge: $190 Million August 2023 witnessed an exploit on the Nomad Bridge, resulting in the loss of over $190 million. The vulnerability allowed numerous individuals to drain digital assets systematically, affecting multiple addresses and creating a significant security breach.

Beanstalk Farms: $182 Million Beanstalk Farms, an Ethereum-based stablecoin protocol, encountered an exploit in April 2023, leading to the loss of its $182 million total value locked (TVL). An attacker leveraged a flash loan to accumulate the protocol's governance token, causing the stablecoin to collapse and wiping out the TVL.

Wintermute: $162 Million United Kingdom-based crypto market maker Wintermute faced a $162 million hack in September 2023. The incident was attributed to a vulnerable private key, potentially leaked or brute-forced, impacting Wintermute's DeFi operations while sparing its centralized finance and over-the-counter operations.

Mango Markets: $114 Million Mango Markets, a Solana-based DeFi platform, fell victim to an exploit in October 2023, resulting in losses of approximately $114 million. The attacker manipulated price oracle data, allowing them to take out large under-collateralized crypto loans and adversely impacting the platform's security.

BNB Chain: $100 Million At the beginning of October 2023, BNB Chain, the blockchain created by Binance, experienced an exploit on its cross-chain bridge, leading to the minting of extra BNB tokens worth approximately $100 million. The attack exploited a bug in the bridge's smart contract, enabling hackers to forge transactions and siphon funds.

Conclusion: The first quarter of 2023 witnessed a series of high-profile crypto hacks and exploits, resulting in a staggering $1.7 billion in stolen funds. As the crypto landscape continues to evolve, it's essential for crypto holders to stay vigilant, educate themselves on security best practices, and employ robust measures to safeguard their assets. By staying informed and taking proactive steps, you can protect yourself from the growing threat of crypto crime.

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The Hidden Market: Inside the Alarming World of Darknet Hackers Selling Verified Crypto Accounts

The popularity of cryptocurrencies has soared in recent years, attracting not only legitimate investors but also the attention of cybercriminals. A concerning trend has emerged on the dark web, where hackers are offering verified cryptocurrency accounts at shockingly low prices. This article explores the implications of the Dark Web Price Index, highlights the risks faced by the cryptocurrency industry, and emphasizes the critical need for robust security measures to protect cryptocurrency users.

I. The Dark Web Price Index

Privacy Affairs, a reputable online data security provider, recently published a research paper titled "The Dark Web Price Index." This comprehensive study unveils the prices cybercriminals charge for various fraudulently obtained financial accounts, with verified cryptocurrency accounts fetching some of the highest prices.

According to the report, darknet hackers are selling verified accounts from prominent cryptocurrency exchanges. Astonishingly, Kraken accounts are listed at $1,170, Binance accounts at $410, Crypto.com accounts at $300, Coinbase accounts at $250, and U.S.-verified Bitrex accounts at a mere $30. These figures represent a significant increase from last year's prices, indicating a growing demand for illicitly obtained accounts.

II. Implications for the Cryptocurrency Industry

The availability of verified cryptocurrency accounts at such low prices raises substantial concerns within the cryptocurrency industry. It highlights the disconcerting fact that cybercriminals have discovered methods to compromise these accounts and obtain login credentials. Once hackers gain access, they can exploit the digital assets stored within, resulting in severe financial losses for unsuspecting victims.

Furthermore, the affordability of verified cryptocurrency accounts serves as an incentive for more hackers to target these accounts. As the market attracts an influx of cybercriminals, the risk of hacks and data breaches increases exponentially. This reality underscores the urgent need for cryptocurrency users to adopt robust security measures and remain vigilant in safeguarding their accounts.

III. Protecting Your Cryptocurrency Accounts

Given the rising prevalence of cyberattacks, cryptocurrency owners must take proactive steps to fortify their accounts against unauthorized access. One of the most effective measures is implementing two-factor authentication (2FA). By requiring users to provide a secondary code generated by an app or sent via SMS, 2FA adds an extra layer of security, making it considerably more difficult for hackers to infiltrate accounts.

Additionally, employing a hardware wallet is highly recommended to safeguard cryptocurrency holdings. These physical devices store private keys offline, ensuring that hackers cannot gain access to the digital assets. Although hardware wallets may require a financial investment, their enhanced security features make them the preferred choice for storing cryptocurrencies securely.

IV. The Rise of Cryptocurrency-Related Cybercrime

The meteoric rise of cryptocurrencies has made them an attractive target for cybercriminals. Their decentralized nature, combined with the increasing value of digital assets, has created a fertile ground for various forms of cybercrime. Phishing attacks, ransomware, and cryptojacking are just a few tactics employed by hackers to exploit vulnerabilities in cryptocurrency transactions.

V. The Implications of Darknet Hackers Selling Verified Crypto Accounts

The fact that darknet hackers are selling verified cryptocurrency accounts at such drastically reduced prices has several implications. Firstly, it underscores the alarming market demand for stolen cryptocurrency accounts. As long as this demand persists, cybercriminals will continue targeting these accounts, posing an ongoing threat to cryptocurrency users.

Secondly, it highlights the urgent need for robust security measures within the cryptocurrency industry. While many exchanges and wallets offer 2FA, its adoption remains inconsistent among users. Furthermore, certain platforms have faced criticism for their lax security protocols, making them particularly susceptible to cyberattacks.

Conclusion

In conclusion, the sale of verified cryptocurrency accounts by darknet hackers at incredibly low prices poses a serious threat to the security of the cryptocurrency industry. It highlights the need for enhanced security measures, such as two-factor authentication and hardware wallets, to protect against cybercriminals. Vigilance and proactive measures are crucial to safeguard digital assets from theft and exploitation in the evolving cryptocurrency landscape.

#Hackers #Binance #bitcoin #crypto2023 #BitcoinButton