Category: Hacks

North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report

A new report commissioned by the U.S. secret services unveiled what happened behind the attack launched by North Korean hackers against a South Korean crypto exchange. The case is about a breach on June 29, 2017, which exposed data tied to over 30,000 customers stemming from Bithumb. Hackers Threatened to ‘Destroy’ Data and Cryptos Stolen […]

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UN Report: North Korea Stockpiles $316 Million in Cryptocurrencies From Cyberattacks

A panel of experts at the United Nations says that North Korea has amassed $316 million in cryptocurrencies from various cyberattacks on crypto exchanges and financial institutions. The panel also investigated North Korea’s involvement in the $281 million hack of a crypto exchange. UN Expert Panel Sheds Light on North Korea’s Cyberattack Activities A United […]

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CipherTrace: Majority of 2020’s crypto thefts occurred in the DeFi space

CipherTrace: Majority of 2020’s crypto thefts occurred in the DeFi space

Volume on decentralized finance (DeFi) platforms was at an all-time high in 2020 — and so were the number of attacks and thefts in that arena, according to blockchain analysis firm CipherTrace’s Crime Report.  Over 50% of crypto thefts in 2020 stemmed from DeFi attacks, adding up to $129 million. That’s more than 25% of […]

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Russian crypto exchange Livecoin is shutting down after a claimed attack that caused a $3.3 million loss to users

Russian crypto exchange Livecoin is shutting down after a claimed attack that caused a $3.3 million loss to users

Russian cryptocurrency exchange Livecoin has announced that it is shutting down after witnessing a “carefully planned attack” last month. “Our service has been damaged hard in technical and financial way,” said Livecoin on Saturday. “There is no way to continue operative business in these conditions, so we take a hard decision to close the business […]

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Crypto exchange EXMO hacked, appears to have lost $10.5 million worth of funds

Crypto exchange EXMO hacked, appears to have lost $10.5 million worth of funds

EXMO, one of the popular crypto exchanges in Ukraine and Russia, has suffered a hack. The hacker has withdrawn about 5% of EXMO’s assets from its “hot” wallets, the exchange said Monday, without disclosing a specific amount of the loss. According to The Block’s research analyst Igor Igamberdiev, EXMO appears to have lost $10.5 million […]

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DeFi Protocol Hacking Attacks Have Resulted in Losses of $100 Million in 2020, Says CipherTrace

DeFi Protocol Hacking Attacks Have Resulted in Losses of $100 Million in 2020, Says CipherTrace

According to a recent report released by blockchain and crypto security analytics firm CipherTrace, the DeFi sector resulted in $100 million lost in thefts and hacking attacks this year. Currently, the Total Value Locked (TVL) on DeFi protocols have hit a new all-time-high of $13.03 billion after experiencing precipitous growth throughout the year. This has […]

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DeFi Protocol Harvest Finance Suffers $24 Million Hack; $100,000 Bounty on Culprit

DeFi Protocol Harvest Finance Suffers $24 Million Hack; $100,000 Bounty on Culprit

Security vulnerabilities on DeFi protocols remain a serious concern for the DeFi sector despite its burgeoning growth potential, especially as major projects fall prey to hacking attacks resulting in the loss of user and project funds. The latest in a series of incidents this year comes from Harvest Finance, a protocol that made the news […]

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