WazirX hacker funnels $149M of SHIB, MATIC other altcoins into ETH
Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen. Go to Source
Beosin
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Hackers behind $41M Stake heist shifts BNB, MATIC in latest move: CertiK
A total of $4.8 million in funds have now been moved by the hacker to Bitcoin and now Avalanche. Go to Source
Crypto casino Stake reopens withdrawals just 5 hours after $41M hack
The online crypto casino reported unauthorized transactions from its hot wallets on Sept. 4 with blockchain security firms estimating at least $41 million pilfered from hackers. Go to Source
On-chain tool to seize crypto is a purist’s nightmare, but a must, says CEO
A United States federal court recently used on-chain tech to lock criminals out of their crypto on the Jurat Network. Founder Mike Kanovitz admits the technology could see hate from crypto purists. Go to Source
Telegram trading bots are hot, but don’t trust them for custody — Security firms
There are still too many unknowns over how various Telegram trading bots store private keys, blockchain security firms told Cointelegraph. Go to Source
$656M lost from crypto hacks, scams, and rug pulls in H12023: Report
Approximately $215 million of stolen assets have since been recovered. Go to Source Powered by WPeMatico
Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin
Over $45 million was lost to exit scams in May while exploits on DeFi protocols racked up less than half that amount over the same period. Go to Source Powered by WPeMatico
Lendhub protocol exploiters spotted shifting $3.85M into Tornado Cash
Despite the sanctions on the crypto mixing service, the bad actors behind January’s biggest exploit have deposited millions worth of funds into Tornado Cash. Go to Source Powered by WPeMatico
Why DeFi should expect more hacks this year: Blockchain security execs
One reason is that “hackers have gotten smarter, gained more experience, and learned how to look for bugs,” according to the founder of a crypto auditing firm. Go to Source Powered by WPeMatico
Our Man in Shanghai: Scandal as $45M of stolen government funds lost using 100X leverage
The Chief Marketing Officer a blockchain security company has been charged with embezzlement; Peter Thiel calls Bitcoin a ‘weapon’ of China (but no one cares), and CZ’s net worth rises to $1.9 billion. Go to Source Powered by WPeMatico
