hack
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Cryptocurrency
CoinPoker Suffers $2 Million Loss in 2000 ETH Hot Wallet Breach
The blockchain-based poker platform, CoinPoker, recently faced a serious security breach when its hot wallet was hacked on November 8th. This breach resulted in the loss of nearly 2000 ETH, valued at approximately 2 million USD. The sophisticated attack targeted the wallets by bypassing existing security measures and funneled the funds through multiple transactions. The assault affected major blockchain networks, including Ethereum, Binance Smart Chain (BSC), and Polygon, showcasing the…
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Cryptocurrency
Resolution of the 2019 Upbit Hack: Astonishing Revelations
In 2019, the cryptocurrency world was rocked by a significant security breach. Upbit, one of South Korea’s leading cryptocurrency exchanges, fell victim to a massive hack. The attackers successfully absconded with 342,000 ETH, valued at approximately $50 million at the time. Fast forward to the present, with Ethereum’s value skyrocketing, that stolen amount is now worth over $1 billion. The audacious heist was later attributed to North Korean cybercriminals, turning…
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Cryptocurrency
The Mystery of the 2019 Upbit Hack Unraveled: Astonishing Revelations
In the dynamic world of cryptocurrency, 2019 marked a seismic event that sent shockwaves throughout the industry. The incident involved Upbit, one of South Korea’s leading cryptocurrency exchanges, which fell victim to a sophisticated cyber attack. The attack led to the theft of 342,000 Ethereum (ETH), valued at $50 million at the time. As Ethereum’s value has surged, the stolen assets are now worth over $1 billion, and investigations have…
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Cryptocurrency
$640 Million Vanishes in Attacks on Centralized Exchanges
The year 2024 has witnessed an unprecedented rise in cryptocurrency scams and hacks, reaching new heights in terms of financial loss and security breaches. An astounding $1.2 billion worth of crypto assets have been stolen from various blockchain platforms and centralized exchanges. According to research conducted by the Rekt database, control exploitation and phishing have emerged as the two predominant forms of attack, highlighting the targeted and precise nature of…
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Cryptocurrency
Centralized Exchange Attacks Result in $640 Million Loss
The year 2024 has witnessed an unprecedented surge in cryptocurrency scams and hacks, marking a significant challenge for the digital currency landscape. Over $1.2 billion worth of cryptocurrency has been pilfered from various blockchain platforms and centralized exchanges. According to the Rekt database, control exploitation and phishing have emerged as the two primary forms of attack, underscoring the methods through which these malicious activities are executed. Centralized Exchanges: The Prime…
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Cryptocurrency
User Regains $129 Million in USDT Following Phishing Attack Loss
The cryptocurrency world is often fraught with risks, and stories of lost funds are not uncommon. However, the tale of a user who inadvertently transferred $129 million USDT to a phishing address, only to have all the funds returned, is nothing short of remarkable. Initially reported by Wu Blockchain, this incident not only underscores the dangers associated with digital currency transactions but also presents an extraordinary example of fund recovery.…
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Cryptocurrency
User Reclaims $129 Million in USDT Following Phishing Scam Loss
The astonishing story of a cryptocurrency user who inadvertently sent $129 million USDT to a phishing address and remarkably recovered all the funds is nothing short of extraordinary. Initially brought to light by Wu Blockchain, this incident not only exposes the inherent risks associated with cryptocurrency transactions but also presents a rare and exceptional case of fund retrieval. Understanding the Loss: How It Happened The unfortunate incident occurred when the…
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Cryptocurrency
Russian Cybercriminal Extradited to US in $16M Ransomware Case
The United States Department of Justice has extradited Evgenii Ptitsyn, a 42-year-old Russian national, from South Korea. Ptitsyn faces serious charges related to his alleged involvement with the Phobos ransomware, a notorious tool that has wreaked havoc on numerous organizations worldwide. While some accomplices contributed technical skills or facilitated the transactions of the ransomware, Ptitsyn is accused of a more pivotal role. He allegedly orchestrated the movement of more than…
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Cryptocurrency
Russian Cybercriminal Extradited to US in $16M Ransomware Case
The United States Department of Justice (DOJ) has successfully extradited Evgenii Ptitsyn, a 42-year-old Russian national, from South Korea. This move is part of a major crackdown on the notorious Phobos ransomware, which has wreaked havoc on both public and private sectors worldwide. Ptitsyn faces serious charges related to facilitating the movement of over $16 million through the sale, distribution, and deployment of this damaging malware. The ransomware has impacted…
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Cryptocurrency
$7 Million Taken in Cross-Chain Exploit on Fantom Network
In a concerning development for the decentralized finance (DeFi) ecosystem, Polter Finance, a prominent crypto lending and trading platform operating on the Fantom blockchain, reported a significant security breach. The firm disclosed a loss exceeding $7 million, attributed to a sophisticated smart contract hack. This incident has spotlighted the pervasive security vulnerabilities within the DeFi sector, particularly affecting platforms engaged in cross-chain operations, as highlighted by Cyvers Alerts. Details of…
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