Cybercrime | ForkLog

ForkLog 95 04.11.2024

What is a Sybil attack?

This threat looms over any peer-to-peer network, including blockchains. Airdrop hunters often use Sybil tactics, too.

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ForkLog 65 04.11.2024

Metawin Crypto Casino Hacked for $4 Million

On November 3, the Metawin crypto casino lost over $4 million across Ethereum and Solana networks due to a wallet hack. This was reported by blockchain sleuth ZachXBT, citing a statement from the project’s CEO, Richard Skelhorn, on Discord. Following the incident, withdrawals were temporarily halted to assess and ensure system stability. At the time […]

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ForkLog 11 03.11.2024

October Sees $88 Million Lost in Crypto Hacks, Reports PeckShield

In October, hackers executed 20 attacks, resulting in losses of approximately $88.47 million for the crypto industry, according to PeckShield. #PeckShieldAlert In October 2024, there were ~20 hacks in the crypto space, resulting in losses of ~$88.47 million.#Top 5 Hacks in October 2024:—#RadiantCapital: $53M (bridged to #Ethereum)-U.S. Government seizure funds: $20M (returned)—#Eigenlayer: $5.7M (laundered to… […]

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ForkLog 22 31.10.2024

Cryptocurrency Losses Reach $55.1 Million in October, Reports Immunefi

In October, cryptocurrency companies suffered losses amounting to $55.1 million due to hacks, a decrease of 56.6% compared to the previous month’s $126.9 million, according to a report by Immunefi. Throughout the month, seven incidents occurred. The majority of losses were attributed to two projects: a hack of the DeFi protocol Radiant Capital amounting to […]

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ForkLog 167 31.10.2024

The Cryptex case: why the exchange’s founder was wanted in the US and arrested in Russia

In early October the Interior Ministry and the National Guard mounted a sweeping operation to detain almost 100 people suspected of running illegal cryptocurrency operations. Six alleged key figures were placed under house arrest, among them Cryptex founder Sergei Ivanov. Notably, the sweep came soon after US authorities offered a reward of up to $10m […]

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ForkLog 23 31.10.2024

1inch Responds to App Breach and Promises Fund Recovery

On October 30, users of the decentralized application 1inch encountered a malicious request to connect and sign their wallets, enabling attackers to steal assets. Representatives of the project confirmed the incident. On Oct 30, 9:12 PM — 11:22 PM CET, 1inch dApp users may have encountered a malicious wallet connect and signature request. This signature […]

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ForkLog 30 25.10.2024

Speculation Arises Over $20 Million Hack of US Government Crypto Wallet

On October 24, a series of suspicious transactions from a cryptocurrency wallet linked to the US government resulted in the transfer of $20 million in assets seized from Bitfinex hackers. Analysts at Arkham Intelligence noted this activity. ??????: ?? ?????????? ?????? ??????? ??????? ?? ???? ???? ??????????? ??? $???. $20M in USDC, USDT, aUSDC and […]

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ForkLog 9 23.10.2024

Coinbase Users Suffer $100-150 Million Loss from Scams, Estimates ZachXBT

In the past year, users of the cryptocurrency exchange Coinbase have incurred losses ranging from $100 million to $150 million due to phishing and social engineering scams. This estimate was provided by on-chain researcher ZachXBT. Have not seen numbers publicly reported anywhere before but I estimate Coinbase support social engineering / phishing scams have resulted […]

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ForkLog 11 23.10.2024

Russia to Employ AI in Tackling Bitcoin Crime

Russian law enforcement agencies plan to adopt new technologies to combat DeFi-related crimes involving virtual assets. This was announced by Russia’s Prosecutor General Igor Krasnov. The department has already established a unit dedicated to integrating artificial intelligence into prosecutorial activities and has approved a corresponding three-year plan. “Alongside digital currency, other types of virtual assets […]

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ForkLog 27 22.10.2024

Indexed Finance Hacker Funnels Stolen Funds Through Tornado Cash

The perpetrator who breached the DeFi project Indexed Finance in October 2021 has commenced transferring the stolen funds to Tornado Cash. This series of transactions was tracked by Cyvers Alerts. ?ALERT?@ndxfi has faced a security breach on Oct 2021! The attacker has started funneling over $4.5M through @TornadoCash since yesterday at https://t.co/XxF1IhsbfPAttacker still hold more […]

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ForkLog 36 22.10.2024

Data Breach at Crypto Payment Provider Transak

The cryptocurrency payment provider Transak confirmed that a third party gained partial access to the data of 92,554 users (1.14% of the total database). The company asserts that no financially sensitive or critically important information was compromised. According to the team, the hacker gained unauthorized access to a platform employee’s laptop through a phishing attack. […]

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ForkLog 20 18.10.2024

EigenLayer’s X Account Hacked to Promote Fake Airdrop

Unknown individuals gained control of the X account of the restaking protocol EigenLayer to distribute phishing content disguised as an EIGEN airdrop for the second season of Stakedrop. This was warned by on-chain investigator ZachXBT. According to Scam Sniffer, the perpetrators added a malicious link and urged users to claim coins, warning of a “last […]

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