Billion Dollar Robbery: Criminals Hack Cryptocurrency Exchange
Criminals from North Korea stole more than $1.5 billion from an online exchange, while cryptocurrency millionaires fall victim to frightening crimes. On February 21, the CEO of a major cryptocurrency exchange accessed a laptop to approve what appeared to be a significant routine financial transaction.
He intended to move a large amount of the cryptocurrency Ethereum from a 'cold wallet' — which stores money offline, without any internet connection — to a hot wallet, used for online transactions.
Such transactions are not uncommon in the routine of financial chiefs, so the executive suspected nothing when he authorized the transfer. As reported by the New York Times, half an hour later, a second executive called him with a trembling voice and said that all the Ethereum in the wallet had been transferred to an undefined location, out of the company's control. The exchange still knew for sure at the moment, but had fallen victim to a sophisticated hacker attack.
The text describes a sophisticated hacker attack that resulted in the theft of over $1.5 billion in cryptocurrencies from an online exchange.
Here are the main risks identified: vulnerability of online transactions, security of digital wallets, sophistication of hacker attacks, and financial and reputational impact.
The incident highlights the need for robust security measures and constant vigilance in cryptocurrency transactions. Companies should invest in advanced security technologies and ongoing training to avoid vulnerabilities and protect their digital assets.
Source: Noticias R7
$ETH $BTC $XRP
Criminals from North Korea stole more than $1.5 billion from an online exchange, while cryptocurrency millionaires fall victim to frightening crimes. On February 21, the CEO of a major cryptocurrency exchange accessed a laptop to approve what appeared to be a significant routine financial transaction.
He intended to move a large amount of the cryptocurrency Ethereum from a 'cold wallet' — which stores money offline, without any internet connection — to a hot wallet, used for online transactions.
Such transactions are not uncommon in the routine of financial chiefs, so the executive suspected nothing when he authorized the transfer. As reported by the New York Times, half an hour later, a second executive called him with a trembling voice and said that all the Ethereum in the wallet had been transferred to an undefined location, out of the company's control. The exchange still knew for sure at the moment, but had fallen victim to a sophisticated hacker attack.
The text describes a sophisticated hacker attack that resulted in the theft of over $1.5 billion in cryptocurrencies from an online exchange.
Here are the main risks identified: vulnerability of online transactions, security of digital wallets, sophistication of hacker attacks, and financial and reputational impact.
The incident highlights the need for robust security measures and constant vigilance in cryptocurrency transactions. Companies should invest in advanced security technologies and ongoing training to avoid vulnerabilities and protect their digital assets.
Source: Noticias R7
$ETH $BTC $XRP
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