Cybercrime | ForkLog

ForkLog 14 15.08.2024

Suspects Arrested in Italy for $14.4 Million Holograph Hack

Europol officers have arrested two suspects in connection with the attack on the Holograph protocol, which resulted in damages amounting to $14.4 million, according to the project’s team. Holograph Hack Arrests After an incredibly intensive two-month pursuit by France’s Office for the Prevention of Cybercrime (OFAC), BRI, @Europol, the Italian Directorate of Anti-Mafia Investigations, & […]

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ForkLog 30 12.08.2024

Hacker Attacks Persist as a Major Threat to DeFi, Analysts Warn

Hacker attacks and breaches continue to pose a significant threat to the decentralized finance (DeFi) sector, despite a reduction in the total damage in 2023. This conclusion was reached by analysts at Halborn, reports CoinDesk. The report comprises the top 100 DeFi breaches from 2016 to 2023. Total losses amounted to $7.4 billion, with most […]

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ForkLog 13 09.08.2024

WazirX to Reverse Transactions Following $230 Million Breach

The Indian cryptocurrency exchange WazirX will reverse all transactions conducted on its platform following a $230 million hack and the suspension of withdrawals on July 18. ? Important Update: We are actively listening to your feedback and taking decisive action to address your concerns! After careful consideration of the situation and the feedback received from […]

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ForkLog 29 06.08.2024

Ronin Sidechain Experiences $11 Million Breach, Funds Later Returned

The Ronin sidechain, integral to the blockchain game Axie Infinity, has reportedly suffered another hacking incident, according to analysts at PeckShield. #PeckShieldAlert @Ronin_Network #whitehacked? or Hacked? (w/ ~ $9.33M) pic.twitter.com/wfaY0zhVdI — PeckShieldAlert (@PeckShieldAlert) August 6, 2024 They observed two suspicious transactions: $9.33 million and $2 million. #PeckShieldAlert Another suspicious txs (w/ $2M) pic.twitter.com/azrh4grUek — PeckShieldAlert […]

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ForkLog 19 02.08.2024

CertiK Reports $278.8 Million Loss in Cryptocurrency Incidents for July

In July, cryptocurrency projects suffered losses amounting to $278.8 million due to malicious activities — the second largest figure in 2024, according to calculations by CertiK. #CertiKStatsAlert ? Combining all the incidents in July we’ve confirmed ~$270.9m lost to exploits, hacks and scams after ~$7.8m was returned. The amount is the second highest monthly loss […]

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ForkLog 11 31.07.2024

Cyvers: CeFi Accounts for 70% of Losses from Hacker Attacks

Centralized finance (CeFi) projects are set to become the primary target for hackers in 2024, according to Cyvers co-founder and CEO Deddy Lavid in an interview with Cointelegraph. He noted that CeFi organizations account for approximately 70% of incidents in terms of lost funds and the number of exploits. “Meanwhile, the number of attacks on […]

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ForkLog 19 31.07.2024

Terra Blockchain Relaunched Following $5.2 Million Hack

On July 31, a hacker attacked the Terra (Phoenix-1) network, stealing digital assets totaling approximately $5.2 million. ?Attention Terra users: Please be advised that the chain will be halted shortly at block height 11430400 and transactions will not be processed during this time. We will be working with the validators on Terra (phoenix-1) to apply […]

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ForkLog 9 30.07.2024

Crypto Industry Losses to Hackers and Scammers Surpass $1 Billion in 2024

Since the beginning of 2024, cryptocurrency companies have faced 149 incidents of hacks and fraud, resulting in losses exceeding $1.19 billion. This is according to a report by Immunefi, as reported by The Block. In July, hackers obtained $269.4 million through 14 incidents, making it the second most damaging month after May. The majority of […]

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ForkLog 24 30.07.2024

Bitfinex Hack Suspect Attends Bitcoin 2024 Conference

Heather Morgan, accused of laundering billions in bitcoins linked to the 2016 Bitfinex exchange hack, has been spotted at several cryptocurrency conferences, including Bitcoin 2024. Her presence has sparked controversy within the community. She is the one next to the waitress. pic.twitter.com/C25NLo30iV — Demelza Hays, Ph.D. (@CryptoPhD) July 28, 2024 Bitcoin developer and Casa co-founder […]

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ForkLog 23 30.07.2024

WazirX Faces Backlash Over ‘Social Loss Strategy’

Following a $230 million hack on WazirX, which accounted for 45% of all client funds, the exchange team proposed a ‘fair and transparent social loss strategy.’ The initiative offers immediate access to the majority of assets (55%), while maintaining the possibility of further recovery for ‘those who prefer to wait.’ ‘By pooling losses, we ensure […]

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ForkLog 21 29.07.2024

British Hacker Sentenced to 3.5 Years for Stealing $900,000 from Coinbase Users

The Norwich Crown Court in the United Kingdom has sentenced Elliott Gunton to 3.5 years in prison for his role in a hacking conspiracy aimed at stealing funds from clients of the cryptocurrency exchange Coinbase. This was reported by Norwich Evening News. The 24-year-old defendant, along with accomplices, gained access to login data for over […]

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ForkLog 11 29.07.2024

TRM Labs Highlights Dominance of Russian-Speaking Crypto Hackers

Russian-speaking hackers from the CIS countries have become a “ubiquitous force” in international cybercrime related to digital assets, according to a report by TRM Labs. The study indicates that Russian-speaking perpetrators are responsible for at least 69% of ransomware revenues, amounting to over $500 million in 2023. Share of Russian-speaking hackers. Data: TRM Labs. The […]

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