Cybercrime | ForkLog

ForkLog 18 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 19 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 10 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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ForkLog 15 24.07.2024

Bitcoin Inscriptions, ETFs, and AI: New Avenues for Cybercriminals

The hype surrounding the Ordinals project and the launch of Bitcoin ETFs could potentially trigger a new wave of cyberattacks, according to a recent Europol report on current cyber threats in the EU. ?In 2023, millions of victims across the EU were attacked and exploited online on a daily basis. ?Today, Europol published the Internet […]

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ForkLog 8 24.07.2024

dYdX Trading Restores Website After Breach

The dYdX Trading team has restored the compromised website of the trading platform v3 at dydx.exchange. https://t.co/Ym1dFLLOwx website has been recovered by dYdX Trading Inc. ? Please note that your machine may still be caching the compromised site. Make sure to clear your cache and restart your browser before connecting to the website. — dYdX […]

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ForkLog 16 22.07.2024

ETHTrustFund Founder Accused of $2.2 Million Rug Pull

On July 21, the founder of the cryptocurrency hedge fund ETHTrustFund, known by the pseudonym Reng, transferred $2.2 million to a new wallet after three months of inactivity. Several on-chain analysts reported a likely rug pull. RUG ALERT ? Yesterday, the project known as ETHTrustFund (@ethtrustfund_ now deleted) sent +$2M from the treasury to a […]

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ForkLog 6 20.07.2024

WazirX Offers Reward for Assistance in Fund Recovery

Following a $234.9 million hack, Indian cryptocurrency exchange WazirX has filed a report with law enforcement and initiated preparations to recover client assets. ? Update: In response to the cyber attack, we have filed a police complaint and are pursuing additional legal actions. We will keep the community updated as we proceed. » Immediate Actions: […]

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ForkLog 11 19.07.2024

Russian Hamster Kombat Players Targeted by Phishing Attacks

Players of the popular clicker game Hamster Kombat in Russia are falling victim to phishing attacks. This was reported by Olga Svistunova, a security expert from Kaspersky Lab, to Cointelegraph. “Our team has uncovered several fraudulent schemes targeting Hamster Kombat users. In one such scheme, attackers lure victims with promises of converting game coins into […]

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ForkLog 8 19.07.2024

Tornado Cash Transfers Reach $1.85 Billion in First Half of 2024

Deposits in the OFAC-sanctioned cryptocurrency mixer Tornado Cash reached $1.85 billion in the first six months of 2024. For comparison, the total for 2023 was $1.28 billion, according to Flipside Crypto. Data: Flipside Crypto. The service’s popularity has increased amid ongoing US Treasury sanctions and legal battles involving its founders. In August 2022, OFAC blacklisted […]

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ForkLog 32 19.07.2024

LI.FI Reveals Details of $11.6 Million Hack

The team behind the cross-chain protocol LI.FI has disclosed details of a hack that resulted in users losing $11.6 million in stablecoins USDC, USDT, and DAI. Post-mortem and next steps for @lifiprotocol partners and community:https://t.co/H4EEiLAHEc pic.twitter.com/TZmx0VtLxo — LI.FI (@lifiprotocol) July 18, 2024 According to the statement, the exploit occurred shortly after the deployment of a […]

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ForkLog 7 18.07.2024

North Korean Hackers Implicated in WazirX Breach, Says Elliptic

Analysts at Elliptic tracked the movement of funds stolen from the Indian cryptocurrency exchange WazirX, which was breached today, July 18. They concluded that North Korean hackers were behind the cyberattack. The total damage from the breach is estimated at $235 million at the time of writing. More than 200 different digital assets were stolen, […]

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ForkLog 11 18.07.2024

Mt.Gox Creditors Report Account Hacking Attempts

Clients of the defunct Mt.Gox exchange have taken to the subreddit r/mtgoxinsolvency to report widespread attempts by unknown parties to access their accounts on the platform. Some users speculate that the perpetrators are employing a brute force method. In all instances, two-factor authentication has thwarted the hackers. These reports emerged following the transfer of crypto […]

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