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Ben Zhou, co-founder and CEO of Bybit, has released an executive summary detailing the status of hacked funds totaling approximately $1.4 billion, or around 500,000 ETH. According to Zhou, 68.57% of these funds remain traceable, while 27.59% have gone dark, and 3.84% have been frozen. The untraceable funds primarily flowed into mixers before being transferred … Read more
The decentralized exchange Kiloex, which was recently hacked, announced that all stolen funds have been recovered. The company stated that it is now working with legal authorities and experts to officially close the case. Since all funds have been returned, there are no remaining victims, fulfilling Kiloex’s promise of a fair and transparent resolution. The … Read more
On Tuesday, shortly before 10 a.m., Zksync revealed a breached administrative account had commandeered $5 million in ZK tokens. The cryptocurrency nosedived 13% against the U.S. dollar to $0.04151 in the wake of the announcement, erasing gains with algorithmic swiftness. From Airdrop to Heist: $5M Worth of ZK Vanished Matter Labs’ Zksync—an Ethereum layer two … Read more
Decentralized exchange Kiloex suffered a $7 million exploit. Security firm Cyvers identified a potential price oracle vulnerability as the cause. Kiloex Calls for Blacklisting of Attacker’s Address Kiloex, a decentralized exchange (DEX) on the BNB Smart Chain, confirmed it was the victim of a $7 million digital fund exploit. Blockchain security firm Cyvers said the … Read more
In a recent security alert, Kaspersky researchers have uncovered a unique malware distribution scheme exploiting Sourceforge, a popular software hosting platform. Attackers have created a project named “officepackage” that appears to offer Microsoft Office add-ins but instead leads users to download malicious software. The scheme involves redirecting users from a seemingly legitimate Sourceforge page to … Read more
A recent study by Chainplay and Storible reveals that 83% of crypto investors have been scammed or hacked at least once, with average losses reaching $2,622 per victim. Exchange hacks have cost users over $27 billion, highlighting the persistent security risks in the crypto market. Crypto Fraud on the Rise: Investors Lose Billions to Hacks … Read more
In a strange occurrence, a hacker was able to capture 2,930 ETH (worth about $5.5 million at the time) from zkLend but has now lost all that money due to falling for a phishing website. The hacker, who was trying to be a “good actor” and not too different from a law enforcement agency that … Read more
Africa is facing a surge in cyberattacks where hackers hijack social media accounts of prominent figures and institutions to promote fake cryptocurrencies. Some experts recommend educational campaigns to teach users how to verify token promotions. Compromised Accounts Used in Crypto Fraud Promotions Africa faces a growing threat from hackers who are hijacking the social media … Read more
UPCX, a decentralized payment network, has temporarily suspended deposits and withdrawals due to unauthorized activity in its management accounts. Unauthorized Transfer of Millions in UPC Tokens UPCX, a decentralized payment network, has announced the temporary suspension of deposits and withdrawals following the detection of unauthorized activity involving its management accounts. In an update shared via … Read more
In a dramatic turn of events, the decentralized trading platform Hyperliquid has been hit by a major exploit that involved some really dodgy leveraged trading on an illiquid coin named JELLYJELLY. This exploit, we are sad to announce, resulted in draining huge funds from Hyperliquid, totaling about $8 million. For a quick visual run-through of … Read more
