The US Treasury has sanctioned 10 individuals and one entity for allegedly helping North Korean IT workers earn money through fraudulent employment at legitimate businesses and convert cryptocurrency into cash. The action targeted financial intermediaries in a network that generates hundreds of millions of dollars annually for Pyongyang. How the Cash-Out Chain Worked According to […]
Polymarket was forced to temporarily restrict trading on Thursday after a security incident reportedly drained millions of dollars from user accounts. The platform subsequently said it had identified and fixed the problem, which originated from a compromised external service rather than its core infrastructure. The first signs of potential trouble emerged hours ago when multiple […]
One of India’s leading crypto trading platforms, CoinDCX, confirmed that suspicious activity detected earlier this week ultimately led to a 15.99 million USDT loss tied to wallet infrastructure compromised during a previous security incident. The admission comes only days after CEO Sumit Gupta publicly said the exchange’s wallets had not been breached and suggested the […]
KelpDAO has filed a lawsuit against LayerZero and its co-founder Bryan Pellegrino, accusing the bridge provider of security failures behind the $292 million exploit of its rsETH token in April. The suit, filed in British Columbia, is KelpDAO’s most direct attempt yet to hold LayerZero accountable after months of public disagreement over what caused the […]
Attackers who tricked Revolut into handing over customer records published the data of high-profile clients over the weekend and demanded a ransom of 10,000 Bitcoin, warning on September 14 that they would leak more each day until the European fintech pays. Revolut confirmed on September 12 that an unauthorized party had impersonated a government agency, […]
The dispute between Blockstream and the party claiming to be a white-hat hacker has taken a sharper turn, according to Samson Mow’s latest update. The hacker has accused Blockstream of serious security failures, while claiming that the company allocated only $1.5 million, or possibly nothing, to secure $5 billion in assets. Fresh Clash With Blockstream […]
A hacker made off with over $135,000 after hijacking the X accounts of SpaceX and Starlink to promote a meme coin. The profiles were used to shill a Robinhood-based token that briefly hit a $2 million market cap before crashing to almost zero. SpaceX and Starlink Fall Victim to Compromise Screenshots circulating on social media […]
An anonymous wallet spent $4.4 million buying BONK tokens over two days, then used that stash to push through a governance vote that allowed it to drain $21.2 million from the BonkDAO treasury. The incident, which saw the attacker walk away with a $16.8 million profit, has split the crypto community between those calling it […]
The attacker behind the exploit of Ethereum MEV bot Jaredfromsubway has moved millions of dollars through Tornado Cash, despite a public offer to return half the stolen funds in exchange for a white-hat bounty. The transfer suggests that the attacker may have little interest in negotiating, even with the bot’s operator offering rewards and claiming […]
TrustedVolumes, a liquidity provider on the Ethereum blockchain, lost about $5.9 million in funds to a hacker on Thursday. The attacker was able to exploit a vulnerability within the custom trading system used by the platform and managed to withdraw the funds, which included ETH, WBTC, as well as USDT and USDC stablecoins. What Happened […]