Tags: Hackers

In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert stolen funds.

Security teams are investigating the cause of the attack. Reports have surfaced of tokens being lost, transaction data being erased, and even entire crypto portfolios destroyed.

Several users on Twitter have reported losses of crypto assets, claiming funds held on the Atomic Wallet app vanished.

The Jimbos Protocol team extended the bounty offer to the public, inviting anyone who can help catch the exploiter or recover the funds to claim the reward.

Shahar Madar, the head of security products at Fireblocks, says Web3 startups need to think from the “attacker’s perspective” when planning security protocols.

The deal was posted to both the Ethereum network and the protocol’s official Twitter channel.

A crypto insurance provider will typically assess at least 2,000 variables across 20 risk areas before they even consider insuring a platform, according to an insurance executive.

The attacker took advantage of the lack of slippage control of liquidity conversions to steal the funds.

DeFi saw another multimillion-dollar rug pull this past week, and the Multichain saga continues to spiral out of control.

A few hours into the hack, to everyone’s surprise, the attacker surprisingly reached out to the Tornado Cash community with a new proposal, hinting at their intent to give back the governance control.

It was warned that the amount stolen in Q1 2023 mirrors Q2 2022, which was followed by a “record setting number of hacks.”

The total control over Tornado Cash governance allows the attacker to withdraw all of the locked votes, drain all of the tokens in the governance contract and brick the router.

The total value locked in DeFi protocols fell below $50 billion after nearly a month of bullish price action.

The Paraspace CEO and consultants accused each other of mismanaging funds with the Paraspace team asking the CEO to step down publically.

The program offers a maximum reward of $15 million for anyone who identifies vulnerabilities classified as high severity.

The vulnerability was located in a file that translates human-readable code into machine language for storage.

An Elliptic report commissioned by Nikkei says Asian countries account for over 60 of losses to North Korean hackers and ransomware users; lax security played a role.

The US Justice Department’s top crypto cop said that it was a “pretty significant issue” given the rise of North Korean “state-sponsored hackers.”

Half of North Korea‘s Missile Funding Comes from Cybercrimes and Cryptocurrency Theft, Says White House

The attacker targeted both the BNB Smart Chain and the Arbitrum network. CoinMarketCap data shows that DEI price dropped 30 following the security incident.

April was a month of hacks, exploits and rug pulls, resulting in over $100 million in net losses across DeFi platforms.

Prices of hacked cryptocurrency accounts still fetch the highest prices among hacked online accounts, according to online data security provider Privacy Affairs.

An attacker manipulated a “claim multiple” bug in a Level Finance smart contract to steal more than 214,000 LVL tokens from the exchange.

YouTube’s swift intervention ensured damage control by preventing XRP hackers from interacting with the channel’s subscribers.