Cybercrime | ForkLog

ForkLog 31 01.09.2024

Chainalysis: Shift from Ponzi Schemes to ‘Pig Butchering’ in Crypto Crime

Cryptocurrency criminals have shifted their focus from complex Ponzi schemes to more targeted scams, such as ‘pig butchering’. This is according to a report by Chainalysis, as reported by The Block. ‘Pig butchering’ involves luring victims into purchasing supposedly promising digital assets. The perpetrator gains trust through social engineering and then steals the investor’s funds. […]

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ForkLog 50 29.08.2024

Crypto Industry Faces Over $1.2 Billion Loss from Hacks and Fraud in 2024

Since the beginning of 2024, the crypto industry has suffered losses exceeding $1.2 billion due to hacks and fraud across 154 incidents. This figure surpasses last year’s eight-month total by 15.5%, according to experts at Immunefi. They noted that this increase occurred despite a 95% reduction in losses in August, amounting to only $15.1 million […]

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ForkLog 23 29.08.2024

Inferno Drainer Resumes Activity Amid Bull Market

The number of malicious dapps using the Inferno Drainer service to steal cryptocurrencies has tripled over six months, reaching 40,000. This is reported by Cointelegraph, citing statistics from Blockaid. Data: Blockaid. In November 2023, the team behind the crypto drainer announced the tool’s closure, yet it has become active again this year. “At the beginning […]

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ForkLog 52 26.08.2024

Discord Channels of Avalanche and ZKsync Compromised to Promote Scams

The Discord servers of the Avalanche blockchain and the ZKsync layer-two network have fallen victim to malicious attacks. SECURITY ALERT: The official Avalanche Discord has been compromised. Please do not interact with any accounts or click any links until further notice. — Avalanche ? (@avax) August 25, 2024 On August 25, the Avalanche team reported […]

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ForkLog 27 25.08.2024

Tether Aids Law Enforcement in Recovering $108 Million in USDT Since 2014

Tether has assisted 145 law enforcement agencies across 40 jurisdictions in recovering over $108.8 million in USDT since its inception in 2014. This was reported in the stablecoin issuer’s blog. “Tether’s proactive approach to assisting law enforcement underscores its commitment to transparency and accountability in the crypto industry,” the company stated. According to the announcement, […]

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ForkLog 33 24.08.2024

Telegram Wallet Users Fall Victim to Phishing Scam

Approximately 10 users transferred funds to compromised addresses listed in a phishing message from the official Telegram Wallet channel. This was reported by the service’s support team. “Last night, several thousand users received a phishing message from the official Wallet support channel. Unfortunately, a vulnerability was found in the integration of an external service used […]

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ForkLog 41 22.08.2024

Report: 77% of Hacked Cryptocurrencies Fail to Recover in Value

Most hacked cryptocurrencies struggle to regain their value post-exploit, according to a report by Immunefi, as reported by Cointelegraph. Over 77.8% of projects attacked by hackers experienced a sustained negative impact on the price of their native coins for six months following the incident. Moreover, 51.1% of such tokens lost more than 50% of their […]

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ForkLog 43 21.08.2024

MakerDAO User Loses $55 Million in Phishing Attack

An unidentified user lost $55.47 million in DAI stablecoin on the DeFi platform MakerDAO due to a phishing attack, as noted by Lookonchain. A whale lost 55.47M $DAI in a phishing attack! How did it happen?? The whale carelessly signed an unknown transaction 13 hours ago, setting the owner of his 55.47M $DAI in Maker […]

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ForkLog 22 20.08.2024

Bull Checker Extension Pilfers Meme Tokens from Users

The Jupiter team has uncovered a malicious Chrome extension, Bull Checker, aimed at stealing assets on the Solana network. Identification Of Malicious ExtensionOver the last week, we received reports that a small number of users using Solana DeFi got drained. After extensive investigation, we have identified a malicious Chrome extension called “Bull Checker” that had […]

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ForkLog 12 20.08.2024

Mango DAO Agrees to $223,228 SEC Settlement

The governing body of the DeFi platform Mango Markets, Mango DAO, held a vote on a pre-trial settlement of claims by the SEC, which accused the project of violating U.S. securities laws. A quorum of over 106 million votes unanimously supported the payment of a civil penalty of $223,228, the burning of MNGO token reserves, […]

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ForkLog 48 19.08.2024

Expert Suggests $238 Million Hack of Unknown Genesis Trading Creditor

Renowned on-chain detective ZachXBT has highlighted a suspicious transfer of 4064 BTC ($238 million). The funds, potentially belonging to a victim, were sent to ThorChain, eXch, Kucoin, ChangeNow, Railgun, and Avalanche Bridge. Seven hours ago a suspicious transfer was made from a potential victim for 4064 BTC ($238M) Transaction hash4b277ba298830ea538086114803b9487558bb093b5083e383e94db687fbe9090 Funds were quickly transferred to […]

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ForkLog 19 16.08.2024

Chainalysis Reports Shift in Cybercriminal Focus from DeFi to Centralized Exchanges

In the first half of the year, cybercriminals stole nearly $1.6 billion in cryptocurrencies, increasingly targeting centralized exchanges (CEX), according to Chainalysis. ? Part 1 of our mid-year #cryptocrime update is here! ? Illicit on-chain activity dropped by nearly 20% YTD, but stolen fund activity is surging and ransomware payments are breaking records. Read our […]

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