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October Is Now 'Biggest Month In Biggest Year' For Crypto Hacks: Chainalysis

Cryptocurrencies are slowly gaining traction around the world as a noteworthy investment avenue. As an adverse effect of the growing popularity, crypto hacks have In a Twitter thread on October 13, Chainalysis noted that bad actors have already stolen $718 million from DeFi protocols via 11 separate hacks so far in October. Chainalysis claimed that if the current trends continue …

Crypto

Weekly Crypto Roundup: titans clash, hacks continue, and sanctions hit home

Binance-WazirX clash India’s Enforcement Directorate froze ₹64.67 crore worth bank deposits belonging to crypto exchange WazirX. During this time, however, there was a public clash as WazirX CEO Nischal Shetty claimed that WazirX was owned by Binance, the world’s largest crypto exchange. WazirX further warned Indian users that moving their funds to Binance could put them at risk of violating …

Harmony and Nomad crypto bridge hacks show where blockchains are weak

Another day, another hack - and another blockchain bridge burned. When thieves stole an estimated $190 million from U.S. crypto firm Nomad last week, it was the seventh hack of 2022 to target an increasingly important cog in the crypto machine: Blockchain "bridges" - strings of code that help move crypto coins between different applications. So far this year, hackers …

Crypto Bridge

Weekly Crypto Roundup: new rules, severe report cards, and yet more hacks

As several crypto firms reported falling revenues in the second quarter of 2022, a growing number of traders are facing the ripple effect of the meltdown spreading from the crypto industry to mainstream companies, triggering regulators around the world to act. The proposal comes as Bitcoin’s value more than halved this year to touch prices below $19,000, and a number …

Crypto’s biggest hacks and heists

Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to the popular online game Axie Infinity, in the latest cyberheist to hit the digital asset sector. Ronin, a network that allows the transfer of crypto coins across different blockchains, said on Tuesday that hackers stole on March 23 some 173,600 ether tokens and 25.5 million USD …

North Korean hackers stole $400m in crypto last year: report

Analysis firm says North Korean-linked hacks jumped from four in 2020 to seven in 2021. North Korea launched at least seven attacks on cryptocurrency platforms that extracted nearly $400m worth of digital assets last year, one of its most successful years on record, blockchain analysis firm Chainalysis said in a new report. “From 2020 to 2021, the number of North …

Hackers steal $600 million in major cryptocurrency heist

A firm specializing in transferring cryptocurrency said Tuesday that hackers cracked its security, making off with a record-setting haul potentially worth $600 million. Poly Network put out a plea for the stolen Ethereum, BinanceChain and OxPolygon tokens to be shunned by traders running "wallets" for storing cryptocurrency. "The amount of money you hacked is the biggest one in the defi …