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💥 Insider Shock: CoinDCX Dev Arrested After $44M Hack
A CoinDCX developer has reportedly been arrested for aiding a massive $44 million hack—by installing malware that gave attackers internal access.
🔐 Key Takeaway:
In crypto, the biggest threat isn't always hackers—it’s often insider negligence or betrayal. Without tight security culture and internal safeguards, even the best platforms are vulnerable.
⚠️ This incident is a wake-up call across the industry:
🔸 Audit your teams
🔸 Strengthen access controls
🔸 Never assume trust equals security
The cost of complacency? Tens of millions lost—instantly.
#hackattack #BinanceSquare #BinanceAlpha #CoinDex $ALPHA $BNB
A CoinDCX developer has reportedly been arrested for aiding a massive $44 million hack—by installing malware that gave attackers internal access.
🔐 Key Takeaway:
In crypto, the biggest threat isn't always hackers—it’s often insider negligence or betrayal. Without tight security culture and internal safeguards, even the best platforms are vulnerable.
⚠️ This incident is a wake-up call across the industry:
🔸 Audit your teams
🔸 Strengthen access controls
🔸 Never assume trust equals security
The cost of complacency? Tens of millions lost—instantly.
#hackattack #BinanceSquare #BinanceAlpha #CoinDex $ALPHA $BNB
⚠️⚠️⚠️⚠️☠️☠️☠️☠️⚠️⚠️⚠️⚠️⚠️⚠️
Alert Alert 🚨🚨🚨🚨🚨🚨🚨
🚨$10M Lost in Wallet Hack! Hackers on the prowl🚨💥
While you labour to make sterling gains from crypto, hackers are out there hunting to steal it.😳
In a recent incident, a wallet hack led to a loss of $10 million💵. The founders are assuring users about the security of the chain.
In a recent security breach, Jeffrey Zirlin, co-founder of Sky Mavis, the company behind the popular Axie Infinity game, fell victim to a wallet hack, resulting in a loss of over $10 million. Here's a breakdown of the key details:
What Happened: Zirlin confirmed that two of his personal wallets were compromised in the hacking incident.
Chain Integrity:
Despite the breach, Zirlin assured users that the Ronin sidechain, which hosts Axie Infinity, remains secure and unaffected by the attack.
Scope of Attack:
Blockchain security firm PeckShield revealed that a significant "whale wallet" was targeted, raising speculation about the security of the Ronin Bridge. Approximately 3,248 ETH, equivalent to $9.7 million, was illegally withdrawn and transferred to the crypto mixer Tornado Cash.
Isolated Incident:
Zirlin's counterpart, Aleksander Leonard Larsen, emphasized that the Ronin Bridge maintains robust security measures and that the compromised wallet was an isolated incident, similar to occurrences on other blockchain networks.
Overall Crypto Security Trends:
In 2023, the crypto space saw over 600 major hacks, resulting in $2.61 billion in losses, according to PeckShield. However, there was a 27.8% decrease in crypto hacks and scams compared to the previous year.
Despite this setback, the founders are working diligently to address the issue and ensure the ongoing security of the Axie Infinity ecosystem.
What are your thoughts on this situation?
#Write2Earn #BTC
#TrendingTopic #TradeNTell
#hackattack
Alert Alert 🚨🚨🚨🚨🚨🚨🚨
🚨$10M Lost in Wallet Hack! Hackers on the prowl🚨💥
While you labour to make sterling gains from crypto, hackers are out there hunting to steal it.😳
In a recent incident, a wallet hack led to a loss of $10 million💵. The founders are assuring users about the security of the chain.
In a recent security breach, Jeffrey Zirlin, co-founder of Sky Mavis, the company behind the popular Axie Infinity game, fell victim to a wallet hack, resulting in a loss of over $10 million. Here's a breakdown of the key details:
What Happened: Zirlin confirmed that two of his personal wallets were compromised in the hacking incident.
Chain Integrity:
Despite the breach, Zirlin assured users that the Ronin sidechain, which hosts Axie Infinity, remains secure and unaffected by the attack.
Scope of Attack:
Blockchain security firm PeckShield revealed that a significant "whale wallet" was targeted, raising speculation about the security of the Ronin Bridge. Approximately 3,248 ETH, equivalent to $9.7 million, was illegally withdrawn and transferred to the crypto mixer Tornado Cash.
Isolated Incident:
Zirlin's counterpart, Aleksander Leonard Larsen, emphasized that the Ronin Bridge maintains robust security measures and that the compromised wallet was an isolated incident, similar to occurrences on other blockchain networks.
Overall Crypto Security Trends:
In 2023, the crypto space saw over 600 major hacks, resulting in $2.61 billion in losses, according to PeckShield. However, there was a 27.8% decrease in crypto hacks and scams compared to the previous year.
Despite this setback, the founders are working diligently to address the issue and ensure the ongoing security of the Axie Infinity ecosystem.
What are your thoughts on this situation?
#Write2Earn #BTC
#TrendingTopic #TradeNTell
#hackattack
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The rise in threats is prompting investors to hire bodyguards
Against the backdrop of the recent attack on Coinbase and attempts to abduct some traders in Europe, cryptocurrency investors have begun to massively invest not only in digital assets but also in their own physical security. Market participants are increasingly turning to private security agencies for bodyguards, armored cars, and are requesting constant monitoring of threats online.
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UN: Half of North Korea's foreign currency income comes from cyberattacks
About half of North Korea's foreign currency income comes from cyberattacks, including on cryptocurrency companies. Yonhap writes about this with reference to a report by the UN Security Council.
According to the organization’s calculations, from 2017 to 2023, North Korean hackers caused damage equivalent to $3 billion. These funds were subsequently used
to finance the development of weapons of mass destruction.
These estimates are consistent with previously presented calculations by Recorded Future specialists, as well as with the findings of The Wall Street Journal.
Although the UN report itself has no authority, the global security body may impose additional sanctions on North Korea, the Nikkei newspaper writes.
#UN #hackattack #news #CryptoNews #Hackers
About half of North Korea's foreign currency income comes from cyberattacks, including on cryptocurrency companies. Yonhap writes about this with reference to a report by the UN Security Council.
According to the organization’s calculations, from 2017 to 2023, North Korean hackers caused damage equivalent to $3 billion. These funds were subsequently used
to finance the development of weapons of mass destruction.
These estimates are consistent with previously presented calculations by Recorded Future specialists, as well as with the findings of The Wall Street Journal.
Although the UN report itself has no authority, the global security body may impose additional sanctions on North Korea, the Nikkei newspaper writes.
#UN #hackattack #news #CryptoNews #Hackers
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🧑💻 Unknowns changed the memhash data on the popular explorer Deхsсreener
The community did not appreciate the project much..
#MARSNEWS #hackattack
The community did not appreciate the project much..
#MARSNEWS #hackattack
South Korea's financial authorities are set to introduce stricter regulations for token exchanges, including blocking tokens with a history of hacking, to improve virtual asset trading security.
https://btc-pulse.com/south-korea-token-exchange-regulations-including/
#SouthKorea #Korea #exchange #hackattack
https://btc-pulse.com/south-korea-token-exchange-regulations-including/
#SouthKorea #Korea #exchange #hackattack
Ripple Co-Founder Chris Larsen Hacked For $112 Million
Several crypto accounts of Chris Larsen, executive chairman and co-founder of Ripple, have been hacked with an estimated theft of $112 million dollars.
This was reported by Chris Larsen in a post on X:
“Yesterday, there was unauthorized access to a few of my personal XRP accounts (not Ripple) – we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved.”
Larsen assured that the self-reported “isolated incident” had not compromised Ripple’s wallets, targeting only personal accounts belonging to him. The statement was later confirmed by Brad Garlinghouse, Chief Executive Officer at Ripple. On his X page, he stated:
“Given some irresponsible speculation and reporting, I want to reiterate that NO Ripple-managed wallets were compromised. Full stop.”
Further clarity was provided by Thomas Silkjær, Head of Analytics and Compliance at the XRP Ledger Foundation. According to his post for X, the crypto exchange WhiteBIT warned the company about suspicious activity on the accounts. The sharpness of the exchange’s AML department spurred Ripple to kick in the investigation, the details of which remain undisclosed.
We received a tip yesterday from WhiteBIT of suspicious deposits, which led to unravelling a huge network of accounts involved in this case. We alerted Chris as soon as we realised what was going on and have worked tirelessly for the past 18+ hours, collaborating with our good friends at GateHub (Ziga Karic). (...) I can however reiterate (as usual) that some exchanges are much more responsive than others. Thanks for the collaboration.
XRP Theft Rate Counts Up To $112 million
While the investigation outcomes remain non-disclosed, the fact of hacking has been previously reported by on-chain analyst Zach XBT, claiming that the Ripple wallets have been hacked for 213 million XRP, equivalent to $112.5 million. His initial suggestion was later denied by him, confirming that Larsen’s private keys were compromised, not the Ripple’s itself, adding the sarcastic comment: “Totally completely separate entities..wink wink”.
This statement seemingly refers to the U.S. Security and Exchange Commission’s (SEC) past allegations towards Ripple. Specifically, the agency previously claimed that Chris Larsen and Brad Garlinghouse held 20 million XRP tokens at an early date and engaged in unregistered personal token sales alongside Ripple’s corporate distribution. Ripple was partially cleared of the charges, as all the allegations against both executives were dropped in 2023.
Notably, ZachXBT reported that the stolen funds have been laundered through several cryptocurrency exchanges, including Binance, Kraken, OKX, HTX, Gate, MEXC, and HitBTC. The companies have not yet commented on the incident, nor shed any light on the alleged inner investigations.
Theft token distribution scheme. Source: ZachXBT/X
Meanwhile, XRP has decreased by 3% amidst the fact of theft, trading for $0.4975 as of time of the report.
#ripple #xrp
$XRP
This was reported by Chris Larsen in a post on X:
“Yesterday, there was unauthorized access to a few of my personal XRP accounts (not Ripple) – we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved.”
Larsen assured that the self-reported “isolated incident” had not compromised Ripple’s wallets, targeting only personal accounts belonging to him. The statement was later confirmed by Brad Garlinghouse, Chief Executive Officer at Ripple. On his X page, he stated:
“Given some irresponsible speculation and reporting, I want to reiterate that NO Ripple-managed wallets were compromised. Full stop.”
Further clarity was provided by Thomas Silkjær, Head of Analytics and Compliance at the XRP Ledger Foundation. According to his post for X, the crypto exchange WhiteBIT warned the company about suspicious activity on the accounts. The sharpness of the exchange’s AML department spurred Ripple to kick in the investigation, the details of which remain undisclosed.
We received a tip yesterday from WhiteBIT of suspicious deposits, which led to unravelling a huge network of accounts involved in this case. We alerted Chris as soon as we realised what was going on and have worked tirelessly for the past 18+ hours, collaborating with our good friends at GateHub (Ziga Karic). (...) I can however reiterate (as usual) that some exchanges are much more responsive than others. Thanks for the collaboration.
XRP Theft Rate Counts Up To $112 million
While the investigation outcomes remain non-disclosed, the fact of hacking has been previously reported by on-chain analyst Zach XBT, claiming that the Ripple wallets have been hacked for 213 million XRP, equivalent to $112.5 million. His initial suggestion was later denied by him, confirming that Larsen’s private keys were compromised, not the Ripple’s itself, adding the sarcastic comment: “Totally completely separate entities..wink wink”.
This statement seemingly refers to the U.S. Security and Exchange Commission’s (SEC) past allegations towards Ripple. Specifically, the agency previously claimed that Chris Larsen and Brad Garlinghouse held 20 million XRP tokens at an early date and engaged in unregistered personal token sales alongside Ripple’s corporate distribution. Ripple was partially cleared of the charges, as all the allegations against both executives were dropped in 2023.
Notably, ZachXBT reported that the stolen funds have been laundered through several cryptocurrency exchanges, including Binance, Kraken, OKX, HTX, Gate, MEXC, and HitBTC. The companies have not yet commented on the incident, nor shed any light on the alleged inner investigations.
Theft token distribution scheme. Source: ZachXBT/X
Meanwhile, XRP has decreased by 3% amidst the fact of theft, trading for $0.4975 as of time of the report.
#ripple #xrp
$XRP
#HackerAlert #Hack #hackattack
hacker address:-👇
0xd24347d9e7e9ffd3f67cb997c807b5e29896e38e
Many people have had dollars automatically transferred from their accounts to their accounts.
hacker address:-👇
0xd24347d9e7e9ffd3f67cb997c807b5e29896e38e
Many people have had dollars automatically transferred from their accounts to their accounts.
🛡 Bybit CEO: "Hacked funds won’t impact users"
The exchange confirmed that all customer funds remain secure, and even if the lost funds aren't retrieved, Bybit will remain solvent.
#bybit #hackattack $BNB
The exchange confirmed that all customer funds remain secure, and even if the lost funds aren't retrieved, Bybit will remain solvent.
#bybit #hackattack $BNB
DEFI TRADER MEV ATTACK SWAPPED 440k USDC FOR JUST 10K
Liquidity issues affected users on two decentralized finance (DeFi) platforms today, though for different reasons and with widely differing consequences.
In what appears to be user error, three sizable swaps of 220,000, 131,000, and 91,000 of Circle’s USDC stablecoin netted a total of just over 10,000 tethers (USDT) after falling victim to a maximum extractable volume (MEV) bot.
The swaps, made via the Uniswap V3 decentralized exchange, were flagged by blockchain security firm Peckshield, which regularly alerts the DeFi community to hacks, phishing attacks, and suspicious transactions.
Read more: MEV bot to return $7.5M if Rho Markets admits to oracle error
While the three affected transactions all come from distinct addresses, a brief look at their transaction histories indicates they are likely to be from the same individual.
In all three cases, the tokens used in the swaps were withdrawn from the DeFi lending platform Aave’s $1.2 billion USDC pool around seven hours previously. USDT was also withdrawn but not swapped.
MEV bots ready to pounce
MEV bots scan Ethereum’s mempool, the list of pending transactions, looking for opportunities to profit from the actions of other users.
Typically, this involves sending a transaction before the victim’s in order to manipulate the price of assets in the liquidity pool via which assets are swapped on a decentralized exchange such as Uniswap.
In this case, the bot’s front-run transaction swapped 18 million USDC, increasing the price of USDT within the pool by a factor of 44. The victim’s original transaction then goes through, and finally, the bot back-runs the victim, clearing approximately $200,000 profit.
Trades are usually protected via “slippage” settings, which define a minimum amount of tokens to be received or the transaction reverts. However, for these swaps, the amountOutMinimum parameter was set to zero.
Read more: Ethereum Foundation denies rumors of Maker liquidation
#MEVDEFIATTACK #hackattack #mevattack
DAILY SIGNAL UPDATE AND SIGNALS FOLLOW UP PAGE😎📊
In what appears to be user error, three sizable swaps of 220,000, 131,000, and 91,000 of Circle’s USDC stablecoin netted a total of just over 10,000 tethers (USDT) after falling victim to a maximum extractable volume (MEV) bot.
The swaps, made via the Uniswap V3 decentralized exchange, were flagged by blockchain security firm Peckshield, which regularly alerts the DeFi community to hacks, phishing attacks, and suspicious transactions.
Read more: MEV bot to return $7.5M if Rho Markets admits to oracle error
While the three affected transactions all come from distinct addresses, a brief look at their transaction histories indicates they are likely to be from the same individual.
In all three cases, the tokens used in the swaps were withdrawn from the DeFi lending platform Aave’s $1.2 billion USDC pool around seven hours previously. USDT was also withdrawn but not swapped.
MEV bots ready to pounce
MEV bots scan Ethereum’s mempool, the list of pending transactions, looking for opportunities to profit from the actions of other users.
Typically, this involves sending a transaction before the victim’s in order to manipulate the price of assets in the liquidity pool via which assets are swapped on a decentralized exchange such as Uniswap.
In this case, the bot’s front-run transaction swapped 18 million USDC, increasing the price of USDT within the pool by a factor of 44. The victim’s original transaction then goes through, and finally, the bot back-runs the victim, clearing approximately $200,000 profit.
Trades are usually protected via “slippage” settings, which define a minimum amount of tokens to be received or the transaction reverts. However, for these swaps, the amountOutMinimum parameter was set to zero.
Read more: Ethereum Foundation denies rumors of Maker liquidation
#MEVDEFIATTACK #hackattack #mevattack
DAILY SIGNAL UPDATE AND SIGNALS FOLLOW UP PAGE😎📊
🥷 Crypto Hacks Surge in 2025, Nearly Matching 2024 Losses in Two Months
Hackers stole $1.94 billion from the crypto market in 2024, but in just the first two months of 2025, losses have already reached $1.89 billion, according to Global Ledger. The record-breaking Bybit hack by North Korean group Lazarus accounted for $1.46 billion, driving the sharp increase in damages.
#hackattack #DiversifyYourAssets #PowellRemarks #CryptoTariffDrop
Hackers stole $1.94 billion from the crypto market in 2024, but in just the first two months of 2025, losses have already reached $1.89 billion, according to Global Ledger. The record-breaking Bybit hack by North Korean group Lazarus accounted for $1.46 billion, driving the sharp increase in damages.
#hackattack #DiversifyYourAssets #PowellRemarks #CryptoTariffDrop
🔻$BTC ________🔥 for BTC updates ⏫️⏫️⏫️
MicroStrategy's Official Account Suspected of Being Hacked, Fake MSTR Token Information Released
BTC - SELL
Reason: Market uncertainty due to the MicroStrategy hacking rumor may temporarily drive down the price of major cryptos, including BTC.
Signal strength: MEDIUM
#BTC #MicroStrategy #hackattack #Write2Earn #Signal
MicroStrategy's Official Account Suspected of Being Hacked, Fake MSTR Token Information Released
BTC - SELL
Reason: Market uncertainty due to the MicroStrategy hacking rumor may temporarily drive down the price of major cryptos, including BTC.
Signal strength: MEDIUM
#BTC #MicroStrategy #hackattack #Write2Earn #Signal
#cetus #hackattack Aptos Network Unaffected by Sui Network Cetus Incident
$CETUS
On May 23rd, Aptos officials verified that the exploit impacting Cetus DEX is confined to the Sui network. The Aptos network itself, user funds, and its DeFi partners remain unaffected. Currently, the Aptos security and engineering team has launched a comprehensive audit, is actively monitoring the situation, and is collaborating with DeFi partners to guarantee network security and stability.
$CETUS
On May 23rd, Aptos officials verified that the exploit impacting Cetus DEX is confined to the Sui network. The Aptos network itself, user funds, and its DeFi partners remain unaffected. Currently, the Aptos security and engineering team has launched a comprehensive audit, is actively monitoring the situation, and is collaborating with DeFi partners to guarantee network security and stability.
🚨🚨Mask Network CEO lost 1,690 Ethereum 🚨
Mask Network CEO Suji Yan lost over $4 million in crypto due to a hack of his public wallet.
Analytics firms like Cyvers Alerts and ZachXBT confirmed that the stolen funds, which included ETH, WETH, MASK, and Tether, were sent to a new address, then swapped for 1,690 Ethereum, and moved to six different wallets.
The attack happened shortly after his 29th birthday party.🎉🎉
📢 Yan tweeted that he was at a private gathering with friends and had left his phone unattended for a few minutes while in the restroom.
Yan has hired security firms SlowMist and ZachXBT to help investigate and is working with authorities.
Don’t forget to follow the channel and thank you for the time.
#InfiniHacked #hackattack #HackerNews #Hacked #HackerAlert
Mask Network CEO Suji Yan lost over $4 million in crypto due to a hack of his public wallet.
Analytics firms like Cyvers Alerts and ZachXBT confirmed that the stolen funds, which included ETH, WETH, MASK, and Tether, were sent to a new address, then swapped for 1,690 Ethereum, and moved to six different wallets.
The attack happened shortly after his 29th birthday party.🎉🎉
📢 Yan tweeted that he was at a private gathering with friends and had left his phone unattended for a few minutes while in the restroom.
Yan has hired security firms SlowMist and ZachXBT to help investigate and is working with authorities.
Don’t forget to follow the channel and thank you for the time.
#InfiniHacked #hackattack #HackerNews #Hacked #HackerAlert
Coinbase Hacker Buying $ETH
The hacker who stole funds from a Coinbase user has purchased 4,863 $ETH for $12.5 million at a price of $2,569 per ETH using $DAI. The hacker still holds $45.36 million in $DAI across two wallets and is likely to continue buying $ETH .
#Hacked #HackerAlert #hackattack #HackerNews
The hacker who stole funds from a Coinbase user has purchased 4,863 $ETH for $12.5 million at a price of $2,569 per ETH using $DAI. The hacker still holds $45.36 million in $DAI across two wallets and is likely to continue buying $ETH .
#Hacked #HackerAlert #hackattack #HackerNews
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Losses from hacker attacks increased by 666%
Losses from hacking attempts for January-March 2024 increased by 42% compared to the first quarter of 2023. Fraudsters are quickly adapting and increasingly changing their methods of stealing funds, choosing the most vulnerable platforms and clients’ crypto-wallets, PeckShield experts lament.
Analysts emphasize that hackers are abandoning the search for vulnerabilities in smart contracts and are focusing on phishing attacks and stealing users’ private keys.
Criminals have been distancing themselves from smart contract hacking for a long time, and as a result, losses from such attacks in 2023 decreased by 92% compared to 2022: from $2.6 billion to $179 million.
Now the main problem is the leakage of private keys, and the increased activity of hackers is caused by the bullish trend in the cryptocurrency market, since an increase in the value of assets leads to an increase in possible benefits in the event of a successful hack, PeckShield states.
#hackattack #hacker #TopCoinsJune2024 #EarnFreeCrypto2024 #ETFvsBTC
Losses from hacking attempts for January-March 2024 increased by 42% compared to the first quarter of 2023. Fraudsters are quickly adapting and increasingly changing their methods of stealing funds, choosing the most vulnerable platforms and clients’ crypto-wallets, PeckShield experts lament.
Analysts emphasize that hackers are abandoning the search for vulnerabilities in smart contracts and are focusing on phishing attacks and stealing users’ private keys.
Criminals have been distancing themselves from smart contract hacking for a long time, and as a result, losses from such attacks in 2023 decreased by 92% compared to 2022: from $2.6 billion to $179 million.
Now the main problem is the leakage of private keys, and the increased activity of hackers is caused by the bullish trend in the cryptocurrency market, since an increase in the value of assets leads to an increase in possible benefits in the event of a successful hack, PeckShield states.
#hackattack #hacker #TopCoinsJune2024 #EarnFreeCrypto2024 #ETFvsBTC
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🔐 CoinDCX Breach Continues to Make Headlines
CoinDCX confirmed a loss of approximately US $44 million (~Rs 368 crore) due to an attack on its internal account used to provide liquidity for partner exchanges. No user funds were affected—all funds are safe in cold wallets, and the company is absorbing the losses from its own cash reserves.
CEO Sumit Gupta referred to this as a "sophisticated server breach" and explained that the funds were transferred via Tornado Cash. However, there has been criticism over the 17-hour delay in disclosure, revealed by on-chain investigator ZachXBT.
---
#hackattack
#news_update
CoinDCX confirmed a loss of approximately US $44 million (~Rs 368 crore) due to an attack on its internal account used to provide liquidity for partner exchanges. No user funds were affected—all funds are safe in cold wallets, and the company is absorbing the losses from its own cash reserves.
CEO Sumit Gupta referred to this as a "sophisticated server breach" and explained that the funds were transferred via Tornado Cash. However, there has been criticism over the 17-hour delay in disclosure, revealed by on-chain investigator ZachXBT.
---
#hackattack
#news_update
🚨 MicroStrategy's X account was HACKED, misleading followers with a fake #MSTR token promo!
Victims lost $440K+ after linking wallets, per ZachXBT. The fraudulent post, now deleted, falsely promised low gas fees & backing by MicroStrategy's $BTC reserves.
#MicroStrategy #MicroStrategyBTC #CryptoHack #hackattack
Victims lost $440K+ after linking wallets, per ZachXBT. The fraudulent post, now deleted, falsely promised low gas fees & backing by MicroStrategy's $BTC reserves.
#MicroStrategy #MicroStrategyBTC #CryptoHack #hackattack
🚨$10M Lost in Wallet Hack! Hackers on the prowl🚨💥
While you labour to make sterling gains from crypto, hackers are out there hunting to steal it.😳
In a recent incident, a wallet hack led to a loss of $10 million💵. The founders are assuring users about the security of the chain.
In a recent security breach, Jeffrey Zirlin, co-founder of Sky Mavis, the company behind the popular Axie Infinity game, fell victim to a wallet hack, resulting in a loss of over $10 million. Here's a breakdown of the key details:
What Happened: Zirlin confirmed that two of his personal wallets were compromised in the hacking incident.
Chain Integrity: Despite the breach, Zirlin assured users that the Ronin sidechain, which hosts Axie Infinity, remains secure and unaffected by the attack.
Scope of Attack: Blockchain security firm PeckShield revealed that a significant "whale wallet" was targeted, raising speculation about the security of the Ronin Bridge. Approximately 3,248 ETH, equivalent to $9.7 million, was illegally withdrawn and transferred to the crypto mixer Tornado Cash.
Isolated Incident: Zirlin's counterpart, Aleksander Leonard Larsen, emphasized that the Ronin Bridge maintains robust security measures and that the compromised wallet was an isolated incident, similar to occurrences on other blockchain networks.
Overall Crypto Security Trends: In 2023, the crypto space saw over 600 major hacks, resulting in $2.61 billion in losses, according to PeckShield. However, there was a 27.8% decrease in crypto hacks and scams compared to the previous year.
Despite this setback, the founders are working diligently to address the issue and ensure the ongoing security of the Axie Infinity ecosystem.
What are your thoughts on this situation?
#Write2Earn
#TrendingTopic
#CryptoSecurity
#axs
#hackattack
While you labour to make sterling gains from crypto, hackers are out there hunting to steal it.😳
In a recent incident, a wallet hack led to a loss of $10 million💵. The founders are assuring users about the security of the chain.
In a recent security breach, Jeffrey Zirlin, co-founder of Sky Mavis, the company behind the popular Axie Infinity game, fell victim to a wallet hack, resulting in a loss of over $10 million. Here's a breakdown of the key details:
What Happened: Zirlin confirmed that two of his personal wallets were compromised in the hacking incident.
Chain Integrity: Despite the breach, Zirlin assured users that the Ronin sidechain, which hosts Axie Infinity, remains secure and unaffected by the attack.
Scope of Attack: Blockchain security firm PeckShield revealed that a significant "whale wallet" was targeted, raising speculation about the security of the Ronin Bridge. Approximately 3,248 ETH, equivalent to $9.7 million, was illegally withdrawn and transferred to the crypto mixer Tornado Cash.
Isolated Incident: Zirlin's counterpart, Aleksander Leonard Larsen, emphasized that the Ronin Bridge maintains robust security measures and that the compromised wallet was an isolated incident, similar to occurrences on other blockchain networks.
Overall Crypto Security Trends: In 2023, the crypto space saw over 600 major hacks, resulting in $2.61 billion in losses, according to PeckShield. However, there was a 27.8% decrease in crypto hacks and scams compared to the previous year.
Despite this setback, the founders are working diligently to address the issue and ensure the ongoing security of the Axie Infinity ecosystem.
What are your thoughts on this situation?
#Write2Earn
#TrendingTopic
#CryptoSecurity
#axs
#hackattack
#ripple Labs, the company behind the #xrp cryptocurrency, has been hit by a major #hackattack . The company said that 2.13 Million XRP, worth about $1.12 Million, had been stolen from its hot wallet.
As a result of the news, XRP's price on Binance suddenly plunged by 4%, but quickly recovers. $XRP
As a result of the news, XRP's price on Binance suddenly plunged by 4%, but quickly recovers. $XRP
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