Source: Pixabay Decentralized finance (DeFi) platform Raft has suffered a hack resulting in the loss of approximately $3.3 million in Ethereum ( ETH). However, the attacker’s attempt to profit from the heist may have backfired, as they incurred a loss themselves. On-chain data reveals that the hacker drained 1,577 ETH from Raft and subsequently sent…
Read more
Blockchain security firm, Peckshield has flagged suspicious activity on a wallet owned by centralized cryptocurrency exchange Poloniex suggesting alleged losses of over $60 million. The company has not disclosed the actual amount that was stolen but on-chain data outflows to the receiving wallet places the figure around $60 million. Following the disclosure of the hack,…
Read more
Source: Adobe / Matteo Benegiamo Crypto exchange Kraken has partnered with the UK’s South East Regional Organised Crime Unit (SEROCU) to return nearly £2 million ($2.4 million) worth of stolen crypto to victims of a scam. Following the arrest of 40-year-old Dutch national Wybo Wiersma, who illicitly transferred IOTA tokens using a fraudulent website designed…
Read more
Image Source: Pixabay Bitfinex has experienced a “minor” security incident after one of its customer support agents fell victim to a hacking attempt, leading to several users being targeted in a series of phishing attacks. The crypto exchange said the incident occurred between October 30 and November 5, according to a recent press release. However, Bitfinex…
Read more
Source: AdobeStock / Tomasz Bidermann A wallet address has managed to transform nearly 1.9 million Fantom tokens, initially worth $280,000, into $1.9 million after the long-frozen Multichain Bridge momentarily opened. The Multichain Bridge, which had been inactive since its exploitation back in July 2023, opened and quickly closed on November 1st. Capitalizing on this opportunity,…
Read more
Source: AdobeStock / Sergey Nivens The state-sponsored North Korean hacker group Lazarus Group used a new type of malware called “Kandykorn” to target a cryptocurrency exchange. On October 31, Elastic Security Labs reported that the notorious Lazarus Group used a new type of malicious software (malware) called “Kandykorn” in an attempt to compromise a cryptocurrency…
Read more
Prior to November 1, the last transactions has taken place more than 117 days ago, according to Multichain’s explorer tool. Hacked cross-chain protocol Multichain has confirmed some transactions, and its backlog of queued transactions has declined to only a single transaction, according to data from Multichain’s explorer tool. Blockchain data confirms that some of the…
Read more
The Fantom Foundation, the team dedicated to building the Fantom network, has reportedly fallen victim to a hack that led to a significant loss of approximately $6.7 million worth of digital assets. On October 17, the Fantom Foundation encountered a hacking incident, as reported by on-chain investigator Spreek. The attack was confirmed based on information…
Read more
Fantom Foundation’s wallet was reportedly drained of funds by a “Fake_Phishing” account. Fantom Foundation, developers of the Fantom network, have reportedly been hacked for over $6.7 million worth of cryptocurrency. Blockchain data shows that an address labeled “Fake_Phishing188024” was sent over 2,000 Convex (CVX) tokens and other cryptocurrencies from a known Fantom Foundation wallet. On-chain…
Read more
Avalanche-based Stars Arena has relaunched its application following a hack and 10% bounty offer that led to the bad actor returning 90% of stolen assets. The platform announced on X (formerly Twitter) on Oct 15 that it relaunched services except trading but a new announcement will be made soon concerning trading functionality…. Read More: Web3…
Read more
