Main topic: Hackers stole $62 million from Curve Finance, raising concerns about the strength of the decentralized finance ecosystem.
Key points:
1. Curve Finance is one of the largest decentralized exchanges (DEX) with $1.67 billion in total value locked (TVL).
2. Several DeFi projects' pools were also hacked, resulting in significant losses.
3. The hack was caused by a bug in older versions of the Vyper compiler contract programming language.
4. The hack represents about 4% of Curve's TVL, but a white hat hacker returned $5.4 million to Curve.
5. The hack highlights ongoing challenges and vulnerabilities in the crypto space.
The FBI has seized $1.7 million worth of cryptocurrencies, including significant amounts of Ether and stablecoins, from March to July of this year, primarily from hardware wallets and Binance accounts.
The FBI has warned crypto companies that funds associated with North Korean hacker groups, Lazarus Group and APT38, have been moved and they may attempt to cash out their holdings, with roughly 1,580 Bitcoin, worth around $40 million, being linked to the cyber criminals.
A Hong Kong crypto exchange, HashKey, will begin retail trading on August 28, allowing residents to invest up to 30% of their net worth into cryptocurrencies with a warning if the limit is exceeded; meanwhile, China is cracking down on private blockchain firms, arresting crypto executives and seizing assets, and the FBI has traced down $41 million in Bitcoin stolen by North Korean hackers from various projects.
A hacker group, suspected to be Lazarus with ties to the North Korean government, stole $37.3 million in cryptocurrency from Estonia's CoinsPaid after tricking an engineer with a fake job offer.
Ransomware attacks are becoming increasingly common and sophisticated, with the average ransom payment rising to $1.5 million in the past year, according to a survey by Sophos, while attacks on city governments and police forces often go unnoticed; researchers are now focusing on the next generation of ransomware that may exploit vulnerabilities in cryptocurrencies, such as the proof-of-stake consensus mechanism used in Ethereum, which could be targeted for extortion.
Blockchain YouTuber Ivan Bianco lost nearly $60,000 worth of cryptocurrency and NFTs after accidentally revealing his seed phrases during a livestream, leading to unknown individuals stealing his funds.
An alleged hacker made suspicious withdrawals totaling $16 million from the crypto gambling site Stake.com, raising concerns about stolen funds and the security of crypto gambling platforms.
Tech scammers are using phony cryptocurrency accounts to dupe victims into investing large sums of money, resulting in billions of dollars in stolen cryptocurrency and financial ruin for many victims.
New data reveals that there are now over 180 individuals worldwide who own at least $100 million worth of crypto assets, with almost half of them obtaining their wealth from holding or trading Bitcoin.
Hackers stole over $691,000 from Ethereum founder Vitalik Buterin's followers by posting a malicious phishing link that provided access to their wallets, with the majority of the stolen value being non-fungible tokens (NFTs).
Hackers behind the $41 million hack of cryptocurrency casino Stake have moved an additional $328,000 million worth of Polygon and BNB tokens to the Avalanche blockchain, bringing the total transferred funds to $4.8 million, representing 1.2% of the total stolen amount.
CoinEx, a global cryptocurrency exchange, suffered a hack where large amounts of digital assets were stolen, with preliminary estimates suggesting a loss of around $43 million, possibly linked to the North Korean hacking group Lazarus.
Hackers from North Korea are using Russian crypto exchanges known for money laundering to transfer stolen digital assets, according to market intelligence firm Chainalysis. The firm's on-chain data reveals that hacking groups linked to North Korea are increasingly using Russian exchanges to launder funds stolen from decentralized app project Harmony (ONE), with evidence showing that DPRK entities have been using Russian services for money laundering since 2021.
Business magnate Mark Cuban has allegedly been hacked, resulting in the theft of $870,000 worth of digital assets from his MetaMask wallet, including Ethereum, staked Ether, SuperRare, Ethereum Name Service tokens, and stablecoins.
According to a report, the value of illicit foreign exchange transactions conducted with digital currency in South Korea was estimated to be $4 billion last year, prompting regulators to focus on the unregulated over-the-counter (OTC) crypto market.
Hong Kong-based cryptocurrency exchange CoinEx has confirmed that compromised private keys allowed hackers to steal over $70 million worth of tokens, and is working on rebuilding its wallet system to restore functionality and compensate affected users.
A cryptocurrency holder has lost $4.46 million in a phishing scam after funds were withdrawn from a Kraken exchange wallet and sent to a scammer's address, with scammers stealing around $337.1 million in total through similar attacks.
