Security News
In spite of customers having reported losses over the weekend, Crypto.com's Thursday statement said that the heist happened on Monday at about 12:46 a.m. UTC. That's when the exchange's risk monitoring systems picked up on unauthorized transactions coming out of 483 accounts and being approved without users' 2FA authentication. The exchange fully restored the affected accounts, revoked all 2FA tokens and added additional security hardening measures, requiring all customers to re-login and set up their 2FA token.
Thieves operating for the North Korean government made off with almost $400m in digicash last year in a concerted attack to steal and launder as much currency as they could. Bitcoin used to be a top target but Ether is now the most stolen currency, say the researchers, accounting for 58 per cent of the funds filched.
A Canadian teenager has been arrested for allegedly stealing $37 million worth of cryptocurrency via a SIM swap scam, making it the largest virtual cash heist affecting a single person yet, according to police. "The joint investigation revealed that some of the stolen cryptocurrency was used to purchase an online username that was considered to be rare in the gaming community," according to a statement from Hamilton Police.
Cryptocurrency investors have been transfixed over the past few days by the antics of a mysterious hacker who stole more than $600 million - before giving some of it back. The hacker struck Poly Network, a company that handles cryptocurrency transfers, on Tuesday in one of the biggest thefts of digital monies in history.
The threat actor who hacked Poly Network's cross-chain interoperability protocol yesterday to steal over $600 million worth of cryptocurrency assets is now returning the stolen funds. As the Chinese decentralized finance platform Poly Network shared two hours ago, the hacker has already returned almost $260 million worth of stolen cryptocurrency.
The threat actor who hacked Poly Network's cross-chain interoperability protocol yesterday to steal over $600 million worth of cryptocurrency assets is now returning the stolen funds. AAs the Chinese decentralized finance platform Poly Network shared two hours ago, the hacker has already returned almost $260 million worth of stolen cryptocurrency.
A firm specializing in transferring cryptocurrency said that hackers have given back $260 million worth of digital loot from a record haul. Poly Network fired off a tweet Wednesday saying hackers had returned $260 million worth of the digital assets taken in a heist a day earlier valued at $613 million.
A firm specializing in transferring cryptocurrency said Tuesday that hackers cracked its security, making off with a record-setting haul potentially worth $600 million. "The amount of money you hacked is the biggest one in the defi history," Poly Network said in a tweeted message to the thieves, using a reference to decentralized finance involving cryptocurrency.
Security researchers piecing together evidence from multiple attacks on cryptocurrency exchanges, attributed to a threat actor they named CryptoCore have established a strong connection to the North Korean state-sponsored group Lazarus. Last year, cybersecurity company ClearSky published a report about the financially motivated CryptoCore campaign that targeted cryptocurrency wallets belonging to exchanges or their employees.
The U.S. Department of Justice on Wednesday indicted three suspected North Korean hackers for allegedly conspiring to steal and extort over $1.3 billion in cash and cryptocurrencies from financial institutions and businesses. Accusing them of creating and deploying multiple malicious cryptocurrency applications, developing and fraudulently marketing a blockchain platform, the indictment expands on the 2018 charges brought against Park, one of the alleged nation-state hackers previously charged in connection with the 2014 cyberattack on Sony Pictures Entertainment.