Tag - crypto hack
20Apr

Bitcoin ransomware defrauds over 250 companies for $42m

Federal Bureau of Investigation officials warn the public about the spread of Akira ransomware. According to an FBI statement, Akira Bitcoin (BTC) ransomware caused multi-million dollar losses to various companies and organizations in North America, Europe, and Australia. Malicious software gains access to enterprise infrastructure through a VPN, accessing software without multi-factor authentication. Akira then steals confidential data and...

By Bitcoin, Crypto, World, , , 0 CommentsRead more...
13Apr

Ex-Amazon engineer sentenced to 3 years in prison for $12m crypto hack

A former Amazon software engineer Shakeeb Ahmed was sentenced to three years in prison for exploiting smart contracts. The breaches in 2022 resulted in the theft of over $12 million in different cryptocurrencies. The trial was the first-ever sentencing for a cyberattack on smart contracts. Ahmed admitted in December 2023 to manipulating smart contracts. By inserting fraudulent pricing data into the...

By World, , , 0 CommentsRead more...
09Apr

Trader loses $800k in crypto to malicious Google Chrome extension

Two malicious Google Chrome browser extensions allegedly drained $800,000 from a cryptocurrency investor going by the moniker “Sell When Over” on X. In a series of posts on X, the user speculated that the malicious extensions dubbed “Sync test BETA (colorful)” and “Simple Game” possibly contained Keyloggers that target specific wallet extension apps. Keyloggers are malicious applications used by...

By Uncategorized, , 0 CommentsRead more...
02Apr

DefiLlama: Crypto hacks comprise $7.7b in losses since 2016

Crypto hacks have cost the digital asset industry billions of dollars, with experts advising additional attention and resources toward security measures. According to DefiLlama, all-time losses incurred from crypto hacks exceeded $7.7 billion as of April 1, despite a 23% decrease in incidents during the first quarter of 2024 compared to last year. Data revealed that decentralized finance...

By Crypto, World, , 0 CommentsRead more...
30Mar

Crypto industry losses to hacking decreased by 23% in Q1

In the first quarter of the year, the crypto industry lost $336.3 million to hacking, 23.1% less than last year. According to the Immunefi report, in the first three months of 2024, crypto projects lost more than $321 million due to 46 hacks and 15 fraudulent incidents. Decentralized finance (defi) is a prime target for hackers, accounting for 100%...

By Crypto, World, , , 0 CommentsRead more...
02Mar

Hackers drained over $100m across 20 attacks in February, data shows

Cybercriminals stole more than $104 million worth of crypto in February, marking a 42% decrease compared to January. According to data compiled by PeckShield, hackers successfully executed 20 attacks against decentralized protocols in February, with the most significant breach occurring at PlayDapp, resulting in a loss of $36 million worth of crypto for the project. #PeckShieldAlert Hackers stole ~$104.73m across over...

By Bitcoin, Crypto, World, , 0 CommentsRead more...
02Mar

Kyrgyz crypto exchange Four Dragons reportedly suffers $100m hack

Crypto exchange Four Dragons says it had suffered a breach of its security system, resulting in ‘significant funds being withdrawn.’ Kyrgyzstan-based crypto exchange Four Dragons revealed on its website that it fell victim to a hacker attack on Feb. 22, leading to the loss of an undisclosed amount of crypto, reportedly estimated to be worth around $100 million. While...

By Bitcoin, Crypto, World, , 0 CommentsRead more...