News
Crypto hack losses dropped 37% in Q3 to $509 million, but September saw a record surge in million-dollar incidents, led by exchange and DeFi exploits.
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Hackers News
The term “computer hacker” refers to an individual or group of individuals skilled in manipulating computer systems, often breaking through layers of security to achieve their goals. These goals can range from exploring systems out of curiosity, stealing sensitive data and defacing websites to illegally profiting from system manipulation.
In the context of cryptocurrencies, hackers target exchanges, wallets and users to steal funds. The latest news on hackers shows that no one is protected from their schemes, with several cases of exchange hacks.
In 2014, Mt. Gox, once the world’s largest Bitcoin exchanges, declared bankruptcy after losing 850,000 Bitcoin (BTC). In March 2022, hackers targeted the Axie Infinity gaming platform’s network, Ronin, stealing approximately $625 million in Ether (ETH) and USD Coin (USDC), marking the largest cryptocurrency hack to date.
Other notable hacks include the Poly Network heist, where over $600 million was stolen. FTX also faced a massive breach, losing $600 million in crypto assets. Binance, a major exchange, fell victim to a $570 million hack, and Coincheck suffered a $523 million attack in 2018.
- Explained
Former trader Josh Mandell claims quantum computers are draining old Bitcoin wallets. Experts disagree — here’s what the technology can (and can’t) do.
- News
SlowMist’s chief security officer said the phishing domains behind BNB Chain’s compromised X account are tied to the notorious Inferno Drainer group.
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White hat hacker collective SEAL has acknowledged 29 companies for supporting its Safe Harbor framework, enabling ethical hackers to defend user funds during live attacks.
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AI threat detection and enhanced wallet management may save crypto firms from North Korean infiltrators, cybersecurity experts told Cointelegraph.
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FearsOff CEO Marwan Hachem told Cointelegraph that it was risky to keep too much centralized control in projects that “claim to be decentralized.”
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Centralized deepfake detectors are failing against crypto scams. Blockchain-based detection networks offer the only scalable defense against AI fraud.
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Hackers breached UXLink’s multisignature wallet to steal about $30 million in assets and mint 10 trillion UXLINK tokens, but later got nabbed in a phishing scam.
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Binance co-founder warned about North Korean hackers after the white hat SEAL team uncovered the profiles and fake names of 60 impersonators.
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Shiba Inu’s DeFi team offered a $23,000 bounty to the Shibarium bridge attacker after a $2.4 million exploit, urging the return of stolen funds.
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Yala’s Bitcoin-collateralized YU stablecoin dropped as low as $0.2046 after an attempted protocol attack, failing to restore its $1 peg.
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Top Web3 white hats are earning millions uncovering DeFi flaws, far surpassing traditional cybersecurity salaries capped at $300,000.
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A wallet tied to the $300 million Coinbase hack bought 3,976 Ether for $18.9 million, doubling down on ETH amid its recent push above the $4,700 level.
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Hacken’s Stephen Ajayi told Cointelegraph that basic wallet hygiene and endpoint hardening are essential to defend against threats like ModStealer.
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Sui-based yield trading protocol Nemo lost $2.59 million in a Sept. 7 exploit caused by unaudited code deployed without multisignature controls.
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