Latest News for: Blockchain hackers

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Hackers Have Drained $1.4 Billion Worth of Crypto Since the Beginning of 2022 (Research)

CryptoPotato 14 Aug 2022
The blockchain analytics resource – Chainalysis – revealed that hackers have stolen around $1.4 billion in digital currencies since the beginning of the year ... “Blockchain bridges have become the low-hanging fruit for cyber-criminals, with billions of dollars worth of crypto assets locked within them.
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Elliptic unveils new software for blockchain analysis

Inside Bitcoins 13 Aug 2022
Elliptic, a London-based blockchain analytic firm, has unveiled new software for blockchain analysis ... Holistic Screening was sponsored by Nexus, a blockchain analytics engine of Elliptic ... The blockchain analytic firm also exposed how a cross-chain protocol, Ren-bridge, was used by hackers to launder $540 million from several wallets.
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Tornado Cash Token Loses 24% Of Value After Developer Arrest

Bitcoinist 13 Aug 2022
The numbers reflect a 79% decrease compared to the same timeframe�the week prior ... ATH. At 3.03 p.m ... Tornado Cash, which was launched in 2019, has also been utilized by a North Korean hacker organization related to the $625 million attack on the blockchain game project Axie Infinity in March, as well as other cybercrimes, according to the Treasury.
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Binance recovers the majority of funds stolen from Curve Finance

Financial Express 12 Aug 2022
As per the industry experts from Elliptic, a blockchain anlytics, hacker compromised the domain name system (DNS) of Curve Finance which led to signing the malicious transactions.  The experts also told Cointelegraph that the funds were then sent to several exchanges and crypto mixers in an attempt to hide the trail. .
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Social Media is Fueling DAO Growth with 47% Using it to Learn Crypto News

Crypto Economy 12 Aug 2022
The first DAO was launched on the Ethereum blockchain in 2016 and quickly gained popularity as an investment club and venture capital fund. However, a flaw in the code of the blockchain network allowed hackers to steal nearly $60 million from the digital community, significantly reducing the public’s trust in DAOs.
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Hackers Have So Far Stolen $1.4 Billion This Year, Chainalysis Says

Bitcoinist 11 Aug 2022
Hackers and fraudsters have wreaked havoc on crypto investors this year, and the figures above are roughly identical to a different discovery from blockchain analytics firm Chainalysis ... Developers will need to make blockchains more secure and interoperable so that assets and data ...
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Hackers exploited crypto platform RenBridge to launder $540 mn

The Siasat Daily 11 Aug 2022
The report by Blockchain analysis group Elliptic said one cross-chain bridge in particular — RenBridge — has been used to launder at least $540 million in crypto assets by hackers and fraudsters ... Blockchain bridges such as RenBridge pose a challenge to regulators, ...
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Cold wallets vs Hot wallets: The best option to safeguard your crypto assets | Mint

Live Mint 11 Aug 2022
"This represents a significant threat to building trust in blockchain technology. As more value flows through cross-chain bridges, they become more attractive victims for hackers," Chainalysis, the blockchain data platform said ... vulnerable to hacker attacks and scamming attempts.
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Hackers Flocking to RenBridge to Launder Stolen Crypto Funds

NDTV 11 Aug 2022
As per blockchain analytics provider Elliptic, hackers have been flocking to RenBridge to wash the funds they have obtained via hacks and scams. RenBridge is also an important facilitator for... .
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North Korean-sponsored crypto hacks on the rise, experts warn

Yahoo Daily News 10 Aug 2022
Cybersecurity experts are warning against the rapid growth of cryptocurrency theft led by North Korean state-sponsored hackers following a series of heists targeting blockchain firms ... Carlsen was referring to a string of crypto heists this year involving hackers stealing millions of dollars worth of digital assets from blockchain firms.
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Elliptic Rolls Out Crypto-Bridge Screening Tool to Track Illicit Funds

Decrypt 10 Aug 2022
Blockchain sleuthing firm has launched a new risk analytics tool to track and screen cryptocurrency movement across multiple blockchains ... If users move their cryptocurrency from one blockchain to another using a bridge, it can be traced quickly and at scale using Elliptic’s Holistic Screening.
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Cryptoverse: Blockchain bridges fall into troubled waters

Indian Express 10 Aug 2022
“A reason why hackers have targeted these cross-chain bridges of late is because of the immense technical sophistication involved in creating these kinds of services,” said Ganesh Swami, CEO of blockchain data firm Covalent in Vancouver, which had some crypto stored on Nomad’s bridge when it was hacked.Advertisement.
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Hillicon Valley — US warns against North Korea cyber capabilities

Yahoo Daily News 10 Aug 2022
Cybersecurity experts are warning against the rapid growth of cryptocurrency theft led by North Korean state-sponsored hackers following a series of heists targeting blockchain firms ... Carlsen was referring to a string of crypto heists this year involving hackers stealing millions of dollars worth of digital assets from blockchain firms.
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What is HODL Startegy and Should It Be Followed?

Cex 10 Aug 2022
the new kid on the blockchain ... For example, Avalanche (AVAX) employs three, inter-connected blockchains to ... This means that when coins or tokens crash suddenly, or hackers manage to manipulate a blockchain’s ledger, there are few safety nets in place to protect crypto users.
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Blockchain bridges fall into troubled waters

Gulf Daily News 09 Aug 2022
So far this year, hackers have stolen crypto worth some $1.2 billion from bridges, data from London-based blockchain analysis firm Elliptic shows, already more than double last year's total ... "A reason why hackers have targeted these cross-chain bridges of late is because of the ...

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