Shakeeb Ahmed, a security engineer who stole over $12 million from two different decentralized cryptocurrency exchanges built on Solana, was sentenced to three years in prison and three years of supervised release by a federal judge on Friday.
Bitcoin Lightning Exchange FixedFloat Sees ‘Suspicious’ Transfers of $3M to Ethereum, Tron
The website was down for “technical work” as of early European afternoon hours Tuesday.
Munchables Exploited for $62M Ether, Linked to Rogue North Korean Team Member
The broader crypto community is calling for a controversial chain rollback in a bid to recover funds.
Newly Issued Gaming Token Exploited on Blast With $4.6M Drained
A recently issued gaming token on layer-2 network Blast has been exploited with $4.6 million stolen, according to an announcement in the token’s Telegram channel.
North Korean Hackers Used Tornado Cash to Launder $12M From Heco Bridge Hack: Elliptic
Notorious North Korean hackers Lazarus Group has returned to sanctioned coin mixing service Tornado Cash to launder $12 million worth of ether {{ETH}}.
U.S. Government Crypto Wallets Transfer Nearly $1B of Bitcoin Seized From Bitfinex Hacker
Wallets containing bitcoin seized by the U.S. government in the notorious Bitfinex hack – later leading to guilty pleas for Ilya Lichtenstein and Heather “Razzlekhan” Morgan – have suddenly become active.
Tornado Cash Reportedly Suffers Backend Exploit, User Deposits at Risk
User deposits on decentralized privacy protocol Tornado Cash are reportedly at risk following the insertion of malicious code in the protocol’s back end, according to a Medium post by community member Gas404.
BitForex Website Goes Dark Amid Reported $57M Outflow
Users of cryptocurrency exchange BitForex have been blocked from accessing the website. Blockchain sleuth ZachXBT reported that $57 million has been drained out of the exchange’s hot wallets.
MicroStrategy’s X Account Hacked, Leads to $440K Crypto Being Stolen: Blockchain Sleuth ZachXBT
The phishing attempt has already led to $440,000 worth of crypto being stolen.
Axie Infinity Co-Founder Losses Over $10 Million In Hack, AXS Holds Firm
Two personal crypto wallets belonging to Jeff “Jihoz” Zirlin, the co-founder of Sky Mavis, the company behind the popular play-to-earn (P2E) game Axie Infinity, have been compromised, reports on February 23 show.
Following this hack, over $10 million worth of various crypto assets were stolen, primarily RON, the native token of Ronin Chain, the Ethereum sidechain designed explicitly for Axie Infinity.
Axie Infinity Co-Founder Losses Over $10 Million In Hack
According to Lookonchain data, the hacker got away with 3.2 million RON worth over $9.53 million. The co-founder also lost over $834,000 worth of Wrapped Ethereum (ETH). There were other small amounts of PIXEL, the native token of Pixels–a gaming platform; SLP, the coin priming Axie Infinity’s metaverse; and USDC, a stablecoin.
Zirlin held around 164 AXS worth less than $1,300. The hack has shown an unexpected holding pattern, especially among project founders. That the co-founder only held 164 AXS is strange, considering the role played in Axie Infinity. The P2E game has distributed billions of assets since its popularity peaked in the last bull cycle.
Stolen assets, Lookonchain data reveals, were reportedly converted to ETH and deposited into Tornado Cash, a crypto mixer whose co-founders have an ongoing court case in the United States.
In charges brought forward in August 2023, the prosecution team alleges that North Korean hackers used Tornado Cash to launder millions, if not billions, of dollars worth of stolen coins. Some of these tokens were from the Ronin hack, which lost over $600 million in March 2022.
Dedicated To Mission; RON And AXS Post Minor Losses
Zirlin confirmed the hack on X on February 23, emphasizing that it was “limited to my accounts.” The hack did not affect the Ronin chain or Sky Mavis operations. The co-founder also added that the compromised private keys were not connected to the company’s internal systems.
Zirlin said they have “strict security measures in place for all chain-related activities to assuage fears.” The co-founder also remains upbeat, assuring concerned crypto community members that the project will continue pursuing its mission of bringing “economic freedom” to all users.
So far, AXS and RON prices remain stable but lower, looking at the performance in the daily chart. AXS and RON have been edging lower since February 21, cooling off after sharp gains from early Q4 2023.
FTX Hack Mystery Possibly Solved: U.S. Charges Trio With Theft, Including Infamous Attack on Crypto Exchange
The federal indictment doesn’t identify Sam Bankman-Fried’s FTX as the pilfered company, but Bloomberg reported that’s who it was.
Fan Club for Solana’s Saga Phone Loses 750 SOL to Hack
SEC Shut Off Extra Security on X For About 6 Months, Letting Hacker Breeze In
The U.S. Securities and Exchange Commission (SEC) confirmed that a hacker took over its X account through a “SIM swap” attack that seized control of a cell phone associated with the account. That allowed the outsider to falsely tweet on January 9 that the agency had approved spot bitcoin exchange-traded funds (ETFs), a day before the agency actually did so.
Socket, Bungee Restart Operations After Apparent $3.3M Exploit
The platform experienced a security incident late Tuesday that affected wallets with infinite approvals to Socket contracts, developers said.
In Failed Bitfinex Exploit Attempt, Billions in XRP Moved
The failed token transfers spooked some market watchers as they amounted to nearly half of XRP’s $30 billion market capitalization.
SEC Statement on the Hack of Its X Account and the Resulting Fake Bitcoin ETF Approval Announcement
Telcoin Restores User Balances After Exploit, Records 400% Increase in Deposits
The issue apparently resulted from a fault in the interaction between Telcoin’s digital wallet and a proxy contract that incorrectly performed certain storage functions.
OKX Wallet Users Warned to Update App to Avoid Code Vulnerability
Blockchain security firm Certik has warned OKX Wallet users to update their iOS app after a critical Remote Code Execution (RCE) vulnerability was found in a previous version.
Major NFT Indicies Stable After NFT Trader Hack
Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs were returned to their owners after Yuga Labs’ Greg Solano and Boring Security DAO paid a bounty.
How the Ledger Connect hacker tricked users into making malicious approvals
According to Cyvers, the attacker caused malicious code to be inserted into multiple app user interfaces, allowing the exploiter to fool users into confirming transactions.