Attackers drained crypto assets worth nearly $200 million on Monday from cross-chain bridge Nomad, a "security-first cross-chain messaging protocol." Experts say the attack occurred after Nomad updated its smart contracts and inadvertently made it easy to spoof transactions.
Commodity markets have created a cryptocurrency bloodbath that may not be over, but Richard Bird of SecZetta says economic patterns in history show that crypto "is not invalidated as a mean of commerce and exchange." He discusses the blockchain and the possible future uses of crypto.
Michael Alan Stollery, the chief executive of Titanium Blockchain, pleaded guilty in U.S. federal court to securities fraud in a scheme involving a fraudulent cryptocurrency initial coin offering in which $21 million was stolen. Stollery faces up to 20 years of imprisonment.
A music streaming blockchain service patched a bug on a smart contract that had gone undetected since 2020. An attacker used it to steal $AUDIO crypto tokens worth nearly $6 million and sold them for more than $1 million. The vulnerability wasn't detected by multiple smart contracts security audits.
The U.S. Department of Justice unsealed its first insider trading case involving cryptocurrency markets, marking an escalation of traditional oversight. The case comes as a federal jury convicted a New York man for defrauding investors who bought into his supposed cryptocurrency.
Halborn raised $90 million to expand its audit and penetration testing services and more effectively safeguard the crypto industry. The proceeds will bolster its protection for cryptocurrency lending protocols and better defend the money flowing into and out of the cryptocurrency ecosystem.
Premint NFT platform users became victims last weejend of one of the biggest NFT attacks ever. The company says an open-source vulnerability led to the compromise of its website, resulting in its users losing about $500,000 worth of blockchain assets.
Thieves behind a phishing campaign targeting investors into a cryptocurrency exchange got away with at least $8 million. The attack took advantage of human credibility, not a cybersecurity exploit in the Uniswap protocol, experts say. The stolen funds are being laundered in a cryptocurrency mixer.
Crema Finance has published its compensation and recovery plans following last week's $8.8 million hack on the Solana blockchain-powered concentrated liquidity protocol. The hacker has returned the stolen funds in exchange for a bounty offered by the company.
A new Android malware that can steal financial data, credentials, crypto wallets, personal data and cookies; bypass multifactor authentication codes; and remotely control infected devices is targeting online banking customers and financial institutions, cybersecurity researchers at F5 Labs say.
Until its disruption earlier this year, the Russian-language Hydra marketplace was the world's largest darknet market. Studying how Hydra became such a success will be key to tracking and disrupting future darknet markets, says Ian Gray, senior intelligence director at Flashpoint.
A "technically sophisticated" threat campaign is cloning cryptocurrency apps to steal funds from web3 wallet users, security researchers at Confiant say. The campaign, dubbed SeaFlower, uses cloned wallet apps offered by MetaMask, Coinbase, imToken and TokenPocket to carry out the theft.
The disruption of the Netwalker ransomware group in January 2021 by U.S. and Bulgarian authorities highlights how blockchain can be an Achilles' heel for cryptocurrency-using criminals, says Jackie Burns Koven, cyberthreat intelligence lead at Chainalysis.
As the Russia-Ukraine war continues, and analysts watch for retaliatory cyberattacks against Ukraine's allies, cybercrime tracker Jon DiMaggio of Analyst1 says there's good news, in that Russian cybercriminals seem to have little or no incentive to move against U.S. critical infrastructure.
Darknet markets continue to thrive despite regular disruption by law enforcement agencies and exit scams by administrators because they offer easy access to services such as tools for laundering cryptocurrency, says Kimberly Grauer, head of research at blockchain analytics firm Chainalysis.
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