Explained
Veer Chetal, a 19-year-old hacker, used social engineering to steal $243 million in Bitcoin, then exposed his identity during a livestream and reoffended while out on bail.
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.
- News
The attacker behind the $40 million GMX exploit has begun returning the stolen crypto after accepting a $5 million white hat bounty offered by the GMX team.
4067 - News
The Venn Network team suspects the threat was linked to the North Korean Lazarus Group, citing its complexity and widespread deployment.
3809 - News
TRM Labs said North Korea is moving away from hacks to focus more on deception-based revenue generation, such as planting IT workers in US companies.
8513 - News
Secret Service quietly amasses one of the world’s largest crypto cold wallets with $400 million seized, exposing scams through blockchain sleuthing and VPN missteps.
20268 - Newsletter
Increasing US regulatory clarity is enabling more traditional finance participants to seek out decentralized financial solutions.
3963 - News
A fake GitHub repository posing as a Solana trading bot was used to distribute obscured malware that stole crypto wallet credentials, according to cybersecurity firm SlowMist.
5157 - News
Over 40 fake Firefox extensions impersonating popular crypto wallets have been used in an ongoing campaign to steal users’ wallet credentials.
3083 - Opinion
Crypto hacks underscore the urgent need for CEXs and DeFi to overhaul their security, collaborate on risk management and embrace self-regulation.
1332 - News
Four North Koreans posed as remote developers for US and Serbian blockchain firms, stealing almost $1 million in crypto to fund the regime’s illicit programs.
3142 - News
Dwayne Golden sentenced to nearly eight years for defrauding investors in EmpowerCoin, ECoinPlus, and Jet-Coin schemes totaling over $40 million.
4332 - News
British national Kai West, known online as “IntelBroker,” has been indicted for allegedly selling stolen data on BreachForums, causing over $25 million in damages.
10839 - News
A flaw in ResupplyFi’s contract allowed an attacker to manipulate token prices and drain $9.6 million from its wstUSR market.
2681 - News
Fuzzland says a former employee used insider access and malware to exploit Bedrock’s UniBTC protocol, resulting in $2 million in losses.
31063 - News
Kaspersky says the malware SparkKitty has been around since at least early 2024, and is likely connected to a similar type of malicious software dubbed SparkCat.
14255