Social token platform Roll suffered a hot wallet breach, resulting in hackers draining at least 3,000 ETH worth $5.7 million on March 15. At roughly 8am UTC, digital asset management platform MyCrypto reported that a hacker may have compromised the private keys for Roll’s hot wallet, allowing them to transfer funds from users’ accounts at will. After approximately 12 hours, Roll responded to the attack, announcing the hacker had stolen and liquidated a large number of tokens, and that withdrawals had been suspended across the platform: “The attacker has sold all the tokens. There is no further user action suggested.” …
In the 2013–2017 period, 29 hacks occurred in the Bitcoin market where a total of 1.1 million Bitcoin were stolen. Noting that the average price for Bitcoin (BTC) in December 2020 exceeded $20,000, the corresponding monetary equivalent of losses is more than $22 billion, which strongly highlights the societal impact of this criminal activity. What did crypto exchanges do to address this problem? Nowadays, about 90% of exchanges use some kind of cold storage system, which means that digital assets are stored offline. Keeping Bitcoin offline considerably reduces the threat from hacking attacks. Related: Roundup of crypto hacks, exploits and …
Hackers have continued to exploit a critical vulnerability in the cross-chain router protocol (CRP) Multichain that first appeared on Jan 17. Earlier this week, Multichain urged users to revoke approvals for six tokens to protect their assets from being exploited by malicious individuals. However Multichain's announcement on Jan. 17 encouraged more hackers to try the exploit. One stole $1.43 million, another offered to return 80% while keeping the rest as a tip. According to Tal Be’ery, the co-founder of the ZenGo wallet, the stolen amount has now risen to $3 million. The @MultichainOrg hack is far from being over. Over …
On Thursday, Jump Crypto, a crypto venture capital firm that owns Certus One, the developer of the Wormhole token bridge, announced it had deposited 120 thousand Ether (ETH) into a Solana-Ethereum bridge that suffered a devastating exploit. The day prior, hackers fraudulently minted 120 thousand wrapped Ether (wETH) worth $321 million on the Solana (SOL) platform, then redeemed 93,750 wETH for ETH on the Ethereum network while swapping the rest for other altcoins on the Solana network. The cross-chain ETH-wETH is supposed to have an exchange ratio of 1:1 against one another. Therefore, unauthorized minting of wETH leads to significant …
Peckshield, a prominent blockchain security firm, exposed the existence of numerous phishing websites for the Web3 lifestyle app STEPN on Monday. Hackers insert a forged MetaMask browser plugin through which they can steal seed phrases from unsuspecting STEPN users, according to Peckshield. When these cybercriminals obtain the seed phrase, they gain complete control over the STEPN user's dashboard where they may connect their stolen wallets to their own or "claim" a giveaway as per Peckshield. #PeckShieldAlert #phishing PeckShield has detected a bath of @Stepnofficial phishing sites. They insert a false Metamask browser extension leading to stealing your seed phrase or …