The group began its activities in March 2023, and has since infiltrated over 250 business entities, making away as much as $42 million in ransomware proceeds.
Before the $11 million exploit, Prisma Finance had around $220 million in total value locked (TVL) on the platform. However, the figure took a hit after the attack, bringing its TVL to just $115 million.
While the hackers were unsuccessful in their scheme, this is not the first time bad actors have hijacked celebrities’, important personalities’ and companies’ accounts on X to promote crypto scams.
Eisenberg’s trial is scheduled to commence this week, although the exact date remains undisclosed.
The decision to compensate victims is a very important step toward the project’s sustainability in the long run.
Phishing ads are showing up on Etherscan to target unsuspecting users and steal their funds, likely via a wallet drainer.
The attack on the fake token occurred mere hours after Ethena had introduced its new ENA token, designed to allow users to earn rewards by staking BNB or FDUSD.
In collaboration with blockchain investigators including PeckShield and ZachXBT, Munchables initiated efforts to trace the movement of the stolen funds. They have asked victims to follow only the official channels for the refund advise.
The UN report’s findings could prompt further sanctions on North Korea.
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.