Binance-Incubated UGC Platform NFPrompt Discloses Significant Losses from Latest Hack
NFPrompt post revealed that they are working with Web 3.0 security firms to monitor the activities carried out by the bad actors and trace token swaps.
NFPrompt post revealed that they are working with Web 3.0 security firms to monitor the activities carried out by the bad actors and trace token swaps.
The attack, which occurred on March 9, 2024, according to SlowMist, happened through the exploitation of a vulnerability in the system responsible for handling trades
Seneca has initiated an investigation in collaboration with specialists to delve into the recent exploit. The hacker returned 1,537 ETH, valued at approximately $5.3 million and kept another 300 ETH.
The Axie Infinity co-founder lost over 3,200 ETH to the hack, but assured that the situation is unconnected to Sky Mavis.
The unidentified individual gained access through a SIM swap, followed by a password reset, as the SEC lacked 2FA. These two steps granted complete control over the account.
dYdX said it had introduced advanced measures to mitigate risks and safeguard the v4 open-source software from attackers.
The Orbit Chain developers said they have involved law enforcement agencies to help track the hackers and possibly freeze the stolen funds.
Thunder Terminal successfully thwarted a $240,000 exploit targeting 114 wallets, ensuring user funds’ security. The incident involved an attacker gaining access to a MongoDB connection URL, executing withdrawals on behalf of users.
Ledger claims that the funds were drained in less than two hours, after which it came on top of the situation.
Losses from the attacks on Poloniex, HTX and Heco Bridge accounted for almost 70% of all the losses in crypto hacks that were registered in November.
Cybersecurity News
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Cybersecurity involves the protection of confidential data on web linked systems vulnerabilities and cyber theft. Internet-driven businesses employ the use of cybersecurity tools to avoid unauthorized access to their computer and data centers.
Cybercrime remains one of the major threats to businesses and internet investors in the tech space. Every day, we get stories on events of online theft, and going by the predictions of tech experts, the rate of global cybercrimes is expected to get worse in the coming years if drastic measures are not put in place.
Tech giants such as IBM, Amazon, Microsoft, Cisco, etc. have invested billions in Cyber Security with the hope of minimizing the rate of cyber-crimes across the globe.
The spread of malicious attacks and internet fraud continues to increase yearly, leaving a ruin of lives and assets in its wake. Luckily, the world has firms such as the ones listed above to fight for it, as the government can only do so much. Therefore, with these cybersecurity companies in existence, one can only hope that the war on cybercrime is won.
The battle to put an end to cybercrimes has been on for some time, and no matter how things may seem today, it would have been worse if not the help of certain cyber security firms.
According to export reports, over $3 trillion was lost worldwide to cybercriminals in 2015 alone, and if no solution is put in place to curb the rate, the stakeholders could be losing up to $6 trillion by 2021.
Cybersecurity news today brings you closer to the tech world by offering cutting edge updates on events relating to cybercrimes and theft.