Sam Kazemian, founder of Frax Finance, has alleged that an inside job at X was responsible for the hack of the project’s official account. The breach, which occurred on June 1, led to the decentralized stablecoin protocol behind FRAX USD losing access to its X account. Frax Finance Hack In a Telegram post dated June […]
A confidential United Nations report obtained by Reuters reveals that North Korea’s notorious cybercriminal group known as the Lazarus Group transferred millions of stash of stolen cryptocurrency back to the Asian country last year. In March 2023, these North Korean hackers illicitly took $147.5 million worth of cryptocurrency from HTX, a crypto exchange owned by […]
The leading blockchain security firm, CertiK, released its latest report revealing a significant downturn in losses from crypto-related hacks and scams as April concludes. Noting a notable decrease, CertiK stated April saw approximately $25.7 million lost to exploits, hacks, and scams. This figure marks a decline of 141% from the previous month’s losses, demonstrating a […]
Crypto privacy protocol Railgun has denied accusations that it is being used by North Korea and other United States-sanctioned entities to launder digital assets. This development comes as the crypto privacy protocol nears $1B total volume. Railgun Denies Lazarus Group Association Responding to claims made by crypto reporter Colin Wu through an X post, Railgun […]
The US Federal Bureau of Investigation (FBI) reportedly issued a subpoena to obtain personal information from attendees of a Bitcoin core developer event in 2022. The move came to light through Mike Schmidt, co-founder of the Bitcoin non-profit Brink, who stated that the subpoena is related to allegations made by BTC developer and co-founder of […]
The hacker responsible for the $321 million Wormhole bridge hack was initially considered qualified for a recent airdrop of a newly launched W token where the explorer could claim $50,000. The Wormhole bridge suffered an exploit in February 2022, making it one of the most significant hacks in the crypto industry’s history. Wormhole Airdrop Lists […]
The Munchables hacker, who recently exploited a weakness in the protocol and drained more than $62 million worth of Ether (ETH), has returned the keys holding the stolen funds. According to blockchain sleuth ZachXBT, the hacker allegedly worked as a developer on Munchables and has possible ties to North Korea. Munchables Loses Over $62 Million […]
The United Nations (UN) Security Council has released a report showing North Korea earns 50% of its foreign exchange earnings from cyberattacks. The council is also investigating involvement in cyberattacks associated with cryptocurrency companies, which reportedly caused losses of approximately $3 billion (450 billion yen). North Korea’s Cyberattacks Target Cryptocurrency North Korea primarily conducts cyberattacks […]