crypto hacks – Ƀitsell X

North Korean Hacker Group Targets South Korean Crypto Firms With New ‘Durian’ Malware

May 13, 2024

The North Korean hacker organization Kimsuky has employed a new malware named “Durian” in targeted cyber attacks against at least two South Korean cryptocurrency companies, according to a report by cybersecurity firm Kaspersky. This malware variant, characterized by its multifunctional backdoor capabilities, was distributed through exploiting legitimate security software specific to South Korean crypto firms,…
Read more

Defi Platforms Lose More Than $336 Million in Digital Funds in Q1 of 2024, Study Finds

April 1, 2024

In the first quarter of 2024, more than $336 million in digital assets were stolen from decentralized finance platforms across 61 incidents of hacking and fraud. During this period, criminals made off with digital assets valued at $144.48 million in two major hacking incidents. In contrast, centralized finance platforms reported no incidents of hacking or…
Read more

Peckshield Report Reveals Decline in Crypto Losses Despite Persistent Threats in 2023

January 31, 2024

Peckshield’s latest report reveals a mix of challenges and advancements in the crypto world. Despite a notable decrease in overall losses to hacks and scams, decentralized finance protocols remain heavily targeted, accounting for a significant portion of the cyber thefts. Peckshield Report Unveils 27.78% Drop in 2023 Losses and Over $674 Million in Crypto Recovered…
Read more

Digital Assets Worth $343M Stolen From Crypto Exchange Platforms in November — Study

December 4, 2023

Digital assets worth just over $343 million were stolen from digital asset platforms in November alone. Centralized exchanges accounted for 53.8% of the total losses, with decentralized exchange platforms accounting for the remainder. The 34 attacks on BNB Chain and Ethereum represented 83% of the total losses across targeted chains. Highest Monthly Loss to Date…
Read more

Notorious Monkey Drainer crypto scammer says they’re ‘shutting down’

March 2, 2023

The scammer behind the crypto wallet draining kit even recommended an alternative and gave advice to budding cybercriminals. The cryptocurrency phishing scammer behind some of the most high-profile and high-value Web3 thefts claims to have packed up shop, saying it was “time to move on to something better.” The scammer with the pseudonym Monkey Drainer…
Read more

No ‘respite’ for exploits, flash loans or exit scams in 2023: Cybersecurity firm

January 3, 2023

The industry is likely to see “further attempts from hackers targeting bridges in 2023,” while users are urged to be warier of their private keys. The new year is a fresh start for malicious actors in the crypto space and 2023 won’t likely see a slowdown in scams, exploits and hacks, according to CertiK. The…
Read more

Crypto Hackers Gross Over $3 Billion From 125 Hacks so Far This Year

October 15, 2022

Data from blockchain analytics firm Chainalysis shows that October is “the biggest month in the biggest year ever for hacking activity.” The firm added that crypto hackers have grossed over $3 billion across 125 hacks so far this year. Crypto-Hacking Activity Soars in October Chainalysis shared some crypto-related hacking statistics Wednesday. The blockchain data analytics…
Read more

Illicit crypto usage as a percent of total usage has fallen: Report

June 14, 2022

A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline. Illicit cryptocurrency activity in 2021 and the first quarter of 2022 has declined as a percentage of overall crypto activity, according to blockchain forensics firm CipherTrace. The cryptocurrency industry has…
Read more

Is Security of Crypto Exchanges Far From Being Infallible?

December 20, 2019

Cryptocurrency exchanges have improved their security, though they’re still prone to hacking attacks. How can exchange operators handle such threats? Crypto investors have come to rely on crypto exchanges because they provide liquidity, a wide range of trading pairs and convenience. Given the great benefits offered by crypto exchanges, direct peer-to-peer transactions are still less…
Read more

Tag: crypto hacks