Two individuals exploited a flaw in an unaudited smart contract deployed by Rug Pull Finder, a web3 security company that offers smart contract audits to blockchain companies. They scooped up 450 non-fungible tokens from the "Bad Guys" collection, whose theme is bad guys stealing NFTs.
Ethereum is offering up to $1 million bounty to white hat hackers who identify merge-related critical vulnerabilities on its blockchain. The four-fold increase in reward will be applicable between Wednesday and Sept. 8. The merge is set to be completed by Sept. 20
Cryptocurrency trading platform Coinbase faces a proposed class action from a user who says poor security led to the theft of $200,000 from his account. Attempts by plaintiff Manish Aggarwal to contact the company turned into a fight with an "impenetrable automated 'customer service' process."
Hackers looted Bitcoin ATMs of $16,000 in an attack manufacturer General Bytes says stems from a zero day vulnerability accidently introduced in 2020. An executive with the Czech company suggest attackers may have been motivated out of vengeance for its pro-Ukraine stance.
Denis Mihaqlovic Dubnikov, 29, allegedly participated in a conspiracy to launder money obtained through Ryuk ransomware. Operators behind the malware mounted one of the largest cyberattacks against the healthcare sector in a fall 2021 ransomware spree.
Dutch police have arrested a man accused of working as a developer for Tornado Cash. "He is suspected of involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies via the decentralized Ethereum mixing service," Dutch authorities say.
Security executives at Black Hat USA 2022 discuss the latest cybersecurity trends from confidential computing and unified threat hunting languages to attack surface management and recovery services, social engineering campaigns and blockchain vulnerabilities.
A newly disclosed probe shows the Federal Trade Commission is investigating operators of BitMart, a cryptocurrency platform that lost $200 million of investor funds in one of the biggest crypto cyberattacks of 2021. The agency is scrutinizing the companies to see if they misled consumers.
North Korean state-sponsored theft of cryptocurrency could intensify once cryptocurrency becomes accepted as a means of payment settlement, said a panelist at a think tank event in Washington. The United States and South Korea in 2021 committed to enhanced collaboration over cybercrime.
A high-ranking employee at Bitcoin Mercantile Exchange, or BitMEX, has pleaded guilty to violating the Bank Secrecy Act, which requires financial institutions to help prevent money laundering. The plea by Gregory Dwyer follows BitMEX's three founders all pleading guilty to the same charge.
The federal government today sanctioned Tornado Cash. The Department of Treasury ordered assets of the Ethereum blockchain cryptocurrency mixer to be frozen and says civil and potentially criminal penalties await anyone under U.S. jurisdiction who uses the service.
Accused cryptocurrency money launderer Alexander Vinnik made his first appearance in U.S. federal court today. The Russian national faces 55 years imprisonment for his alleged involvement in laundering hacking proceeds through Bitcoin on the BTC-e cryptocurrency exchange.
The hackers who stole $190 million from cross-chain bridge Nomad stand to keep up to 10% of the loot and escape civil liability and criminal prosecution. The only caveat: They must return the rest of the money. Then, the firm says, it will label them as white hats and won't pursue legal action.
In the latest weekly update, four editors at Information Security Media Group discuss key takeaways from ISMG's recent Government Summit, how hackers siphoned nearly $200 million from cryptocurrency bridge Nomad and how midsized businesses are the new frontier for ransomware.
Multiple individuals returned a total of $11.4 million of the $190 million worth of cryptocurrency drained from cross-chain bridge Nomad on Wednesday, blockchain security firm PeckShield tells ISMG. Three cryptocurrency wallets currently hold $95 million of the stolen funds, it says.
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