Cybercrime | ForkLog

ForkLog 8 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 32 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 11 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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ForkLog 11 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 15 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 11 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 23 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 14 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 10 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 16 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 6 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 13 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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