Cybercrime | ForkLog

ForkLog 18 31.01.2024

Ripple Suspected of Losing $112 Million in Hack

The blockchain project Ripple has likely been hacked for 213 million XRP (approximately $106.6 million at the time of writing), according to on-chain researcher ZachXBT. It appears @Ripple was hacked for ~213M XRP ($112.5M) Source addressrJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm So far the stolen funds have been laundered through MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC, etc pic.twitter.com/HKGYsLQeMv — […]

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ForkLog 46 31.01.2024

Crypto Industry Faces Over $126 Million Loss from Scams and Hacks in January

Hacker attacks and fraud led to losses of approximately $126.8 million for crypto projects in January, across 19 separate incidents, according to a report by Immunefi. The damage was six times greater than in the first month of 2023 and nearly three times the figure for December. Data: Immunefi. Exploits and hacks accounted for 96.8% […]

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ForkLog 21 30.01.2024

Abracadabra Project Loses $6.5 Million in Exploit

The DeFi protocol Abracadabra Finance has suffered an exploit resulting in losses of approximately $6.5 million, according to experts from PeckShield. Hi @MIM_Spell, you may want to take a look (w/ $6.49M Loss) pic.twitter.com/uHs0JweuoM — PeckShield Inc. (@peckshield) January 30, 2024 Specialists from Blocksec confirmed the project’s loss of “millions of dollars.” They noted the […]

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ForkLog 13 29.01.2024

Blockchain Karaoke Platform SOMESING Hacked for $11 Million

Unknown attackers targeted the South Korean blockchain-based social karaoke platform SOMESING, extracting 730 million SSX tokens valued at approximately $11.6 million at the time of the breach. According to a statement, the stolen amount included 504 million undistributed SSX tokens, which were intended to be gradually released into circulation by the end of 2025. The […]

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ForkLog 21 29.01.2024

PeckShield Reports $2.61 Billion Loss in Crypto Industry Due to Hacks and Scams

The cryptocurrency industry suffered losses amounting to $2.61 billion in 2023 due to hacking incidents and fraudulent activities, according to a report by PeckShield. #PeckShieldAlert 2023 saw 600+ major hacks in the crypto space, resulting in ~$2.61B in losses, with $674.9M recovered. $1.51B lost to hacks (excluding #Multichain unauthorized withdrawals) & $1.1B to scams. This […]

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ForkLog 137 29.01.2024

Finnish Authorities Track Monero-Using Hacker

Finland’s National Bureau of Investigation (KRP) has traced transactions involving the anonymous cryptocurrency Monero (XMR) linked to hacker Julius Kivimäki, according to local media. On January 22, the prosecution presented new evidence indicating illegal transfers leading to Kivimäki’s bank account. Investigators allege that in 2020, the suspect demanded 40 BTC to avoid publishing personal data […]

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ForkLog 85 26.01.2024

Hacker Breaches Algorand CEO’s X Account to Criticise Project

On January 26, a hacker compromised the X account of Algorand Foundation CEO Staci Warden, yet refrained from posting phishing links. ‼️ @StaciW_DC’s account has been compromised. Please do not click on any links on her account or respond to DMs. We are in the process of recovering it. — Algorand Foundation (@AlgoFoundation) January 26, […]

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ForkLog 14 25.01.2024

Former Orbit Bridge Employee Suspected of Aiding $80 Million Attack

South Korean company Ozys, the developer behind the cross-chain bridge Orbit Bridge, accused a former employee of aiding a recent attack on the protocol. According to preliminary investigation results, on November 22, 2023, the Chief Information Security Officer weakened the internal firewall settings. Two days earlier, this employee had submitted a resignation letter. He left […]

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ForkLog 21 25.01.2024

North Korean Hackers’ Crypto Heists Yield Lower Profits

In 2023, North Korean hackers stole approximately $1 billion in cryptocurrencies through 20 breaches, compared to $1.7 billion from 15 cyber incidents in 2022, according to Chainalysis. In 2023, we estimate that the total amount of crypto stolen by North Korea-affiliated hackers is slightly over $1 billion, and the number of hacks rose to 20. […]

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ForkLog 18 24.01.2024

Phishing Attack via Compromised Email Service Nets Hackers $600,000

Email marketing service provider Mailer Lite fell victim to a phishing attack, resulting in losses exceeding $600,000, according to Blockaid. Today, Blockaid researchers discovered a phishing attack where an attacker was able to leverage a vulnerability in email service provider Mailer Lite to impersonate web3 companies, draining $600k+. Blockaid instantly protected millions of users and […]

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ForkLog 12 23.01.2024

Socket Recovers 1032 ETH Following Security Breach

The team behind the cross-chain bridge aggregator Socket has recovered 1032 ETH (equivalent to $2.3 million at current prices) that were lost due to an exploit in the Bungee protocol last week. FUND RECOVERY UPDATE We have successfully recovered 1032 ETH from the funds involved in the incident on 16th Jan. We will release a […]

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ForkLog 10 23.01.2024

SEC Reveals Cause of X Account Breach

Multi-factor authentication on the U.S. Securities and Exchange Commission’s (SEC) X profile was disabled prior to the release of a fake news story about the approval of spot Bitcoin ETFs, according to a statement from the regulator. “Two days after the incident and following consultations with the telecommunications operator, the SEC determined that an unauthorized […]

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