HackAlert
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😱 Socket Protocol Hack: Validation Flaw Costs More Than $3.3 Million
The financial technology world is once again rocked by a major cyberattack, this time targeting the Socket protocol and resulting in a massive theft of funds estimated at more than $3.3 million. The attack relies on a very specific vulnerability: incomplete validation of user input.The Validation FlawThe root of the problem lies in the user input validation mechanism within the SocketGateway protocol. This flaw, exploited by clever cybercriminals, made it possible to initiate malicious transactions without users realizing it. The incomplete validation paved the way for unauthorized transactions, thereby putting at risk the funds of users who had approved the vulnerable contract.The Modus OperandiHackers took advantage of this flaw by falsifying trust information, thereby fooling the SocketGateway protocol. By bypassing security controls, they were able to embezzle funds on an alarming scale, leaving unsuspecting users victims of this sophisticated attack.Impact on UsersSeveral users have already reported substantial financial losses, ranging from a few hundred dollars to much larger sums. The consequences of this hack extend beyond monetary losses, affecting user trust in decentralized financial protocols.Crypto Community ReactionNews of the hack sparked a rapid reaction within the crypto community. The Socket Protocol development teams are working around the clock to fix the flaw and deploy a security update. At the same time, warnings have been issued to users, encouraging them to take preventive measures such as updating their smart contracts and strengthening their individual security protocols.The Socket Protocol hack highlights the ongoing risks facing decentralized financial protocols. The security of smart contracts and protocols is crucial to preserving user trust and ensuring the integrity of the decentralized financial system. As the community works to address this particular vulnerability, it is imperative that users remain vigilant and implement security best practices to protect their digital assets.If you liked this article then don't hesitate to follow me and like. Activate your notifications so as not to miss my analyzes on topics related to Blockchain technology and Cryptocurrency 😊#TrendingTopic #SocketProtocol #HackAlert #safu
🚨Stolen crypto worth $674M successfully recovered in 2023 🏦
#HackAlert #TrendTopic #TradeNTell
$BTC $ETH $BNB
#HackAlert #TrendTopic #TradeNTell
$BTC $ETH $BNB
🚨 HACK ALERT
A suspicious transaction involving Nexera's proxy contract detected by Cyvers Alerts.
An address took ownership, upgraded the contract, and withdrew all #NXRA tokens.
Estimated loss: ~$1.5M
#Nexera #HackAlert #HackerAlert #TrendingTopic
A suspicious transaction involving Nexera's proxy contract detected by Cyvers Alerts.
An address took ownership, upgraded the contract, and withdrew all #NXRA tokens.
Estimated loss: ~$1.5M
#Nexera #HackAlert #HackerAlert #TrendingTopic
- **Twitter Account Recovery**: Metis, a blockchain project, successfully regained control of its official Twitter account after it had been compromised due to a Sim Swap attack. The attack allowed the malicious actor to take control of the account for a duration of about 30 hours.
- **Security Measures Implemented**: Following the incident, Metis took prompt action to enhance the security of its Twitter account. The team implemented appropriate security measures to prevent similar attacks in the future and safeguard their online presence.
- **Sim Swap Attack Details**: The attack was facilitated through a Sim Swap, a method where attackers manipulate cellular carriers to transfer a victim's phone number to a device under their control. This can grant them access to various online accounts linked to that phone number.
- **Ongoing Investigation and Cooperation**: Metis is actively investigating the incident and working closely with relevant authorities to gather more information about the attack. This proactive approach reflects the project's commitment to addressing security breaches promptly and responsibly.
- **User Support**: Metis provided a channel for affected users to seek assistance and communicate with the project's officials regarding the incident. Users can reach out through Discord to address any concerns or inquiries related to the security breach.
#Metis #blockchain #simswap #ScamAlert #HackAlert
$ETH $BNB $BTC
- **Security Measures Implemented**: Following the incident, Metis took prompt action to enhance the security of its Twitter account. The team implemented appropriate security measures to prevent similar attacks in the future and safeguard their online presence.
- **Sim Swap Attack Details**: The attack was facilitated through a Sim Swap, a method where attackers manipulate cellular carriers to transfer a victim's phone number to a device under their control. This can grant them access to various online accounts linked to that phone number.
- **Ongoing Investigation and Cooperation**: Metis is actively investigating the incident and working closely with relevant authorities to gather more information about the attack. This proactive approach reflects the project's commitment to addressing security breaches promptly and responsibly.
- **User Support**: Metis provided a channel for affected users to seek assistance and communicate with the project's officials regarding the incident. Users can reach out through Discord to address any concerns or inquiries related to the security breach.
#Metis #blockchain #simswap #ScamAlert #HackAlert
$ETH $BNB $BTC
Socket protocol was hacked for more than $3.3 million.
The hack is due to incomplete validation of user input, which is exploited to steal funds from users who have approved the vulnerable SocketGateway contract.
https://twitter.com/peckshield/status/1747353782004900274
#HackAlert #protocol #TrendingTopic #MANTA #Hack
The hack is due to incomplete validation of user input, which is exploited to steal funds from users who have approved the vulnerable SocketGateway contract.
https://twitter.com/peckshield/status/1747353782004900274
#HackAlert #protocol #TrendingTopic #MANTA #Hack
🚨HACK ALERT!
#Bittensor remains paused after 32,000 $TAO ($8M) was reportedly stolen. ZachXBT suspects a private key leak.
#TAO price dropped 13% to $227. Co-founder Ala Shaabana confirmed the chain is in 'safe mode' for at least 24 hours.
#HackAlert #HackerAlert #TrendingTopic
#Bittensor remains paused after 32,000 $TAO ($8M) was reportedly stolen. ZachXBT suspects a private key leak.
#TAO price dropped 13% to $227. Co-founder Ala Shaabana confirmed the chain is in 'safe mode' for at least 24 hours.
#HackAlert #HackerAlert #TrendingTopic
🚨 Security Alert: #Ledger Incident
Incident Summary:
- Target: #Ledger
- Attacker: #LedgerExploiter
- Stolen Assets: ~$484K
Transaction Details:
- Transfer: 4.334 $ETH to #AngelDrainer
- #AngelDrainer Holdings: $363K
Security Response:
- Action Taken: Tether blocked #LedgerExploiter's address 40 mins ago.
Etherscan Transaction Link:
https://etherscan.io/tx/0xf2b76233561ded9382612352eb4cd511e081b715b577c2e2236704af9e8050f4
Stay vigilant and secure your assets.
#ETHEREUM #fomc #HackAlert #Etherscan
$BTC $BNB
Incident Summary:
- Target: #Ledger
- Attacker: #LedgerExploiter
- Stolen Assets: ~$484K
Transaction Details:
- Transfer: 4.334 $ETH to #AngelDrainer
- #AngelDrainer Holdings: $363K
Security Response:
- Action Taken: Tether blocked #LedgerExploiter's address 40 mins ago.
Etherscan Transaction Link:
https://etherscan.io/tx/0xf2b76233561ded9382612352eb4cd511e081b715b577c2e2236704af9e8050f4
Stay vigilant and secure your assets.
#ETHEREUM #fomc #HackAlert #Etherscan
$BTC $BNB
#BTC #HackAlert
Reports State at Least $1.7B Was Lost in Hacks and Exploits During 2023
@AayanCom @Aman Sai @Binance Square Official @Aayannoman
Several reports that have recently surfaced have revealed the extent of losses that crypto platforms and users faced during 2023 as a product of exploits and hacks. TRM Labs’ latest report states that the number ascended to $1.7 billion, while De.fi, another Web3 security firm, states that this number reaches higher, to $2 billion.
Reports Share the Extent of Damage Caused by Hacks and Exploits in 2023
At the end of 2023, several reports have surfaced estimating the funds lost due to hacks and exploits during the year. In its latest report, TRM Labs, a blockchain security analytics firm, states this number reached $1.7 billion by mid-December, with the top ten hacks netting 70% of the funds stolen.
Incidents classified as “infrastructure attacks,” which include stealing private keys that give hackers access to a crypto project’s servers or using software to steal funds, contributed almost 60% of the numbers reported.
While $1.7 billion might seem astronomical, it is less than half of the $4 billion that criminals stole last year, aided by a $600 million mega hack against the Axie Infinity linked Ronin bridge. Comparatively, the most significant incidents during this year, which involved Euler Finance, Multichain, and Poloniex, only contributed approximately $100 million each to this number.
Reports State at Least $1.7B Was Lost in Hacks and Exploits During 2023
@AayanCom @Aman Sai @Binance Square Official @Aayannoman
Several reports that have recently surfaced have revealed the extent of losses that crypto platforms and users faced during 2023 as a product of exploits and hacks. TRM Labs’ latest report states that the number ascended to $1.7 billion, while De.fi, another Web3 security firm, states that this number reaches higher, to $2 billion.
Reports Share the Extent of Damage Caused by Hacks and Exploits in 2023
At the end of 2023, several reports have surfaced estimating the funds lost due to hacks and exploits during the year. In its latest report, TRM Labs, a blockchain security analytics firm, states this number reached $1.7 billion by mid-December, with the top ten hacks netting 70% of the funds stolen.
Incidents classified as “infrastructure attacks,” which include stealing private keys that give hackers access to a crypto project’s servers or using software to steal funds, contributed almost 60% of the numbers reported.
While $1.7 billion might seem astronomical, it is less than half of the $4 billion that criminals stole last year, aided by a $600 million mega hack against the Axie Infinity linked Ronin bridge. Comparatively, the most significant incidents during this year, which involved Euler Finance, Multichain, and Poloniex, only contributed approximately $100 million each to this number.
🚨 2023's Top 5 DeFi Hacks: Crypto's Billion-Dollar Loss
💰 Over $1.3 billion lost to crypto hacks in 2023!
🔒 Security Remains a Critical Priority
In the fast-paced world of DeFi, security and privacy are paramount. The recent $610,000 exploit of Ledger serves as a stark reminder that vulnerabilities persist. According to DeFiLlama, crypto startups suffered over $1.3 billion in losses this year alone, highlighting the urgent need for enhanced security measures.
💡 Key Insights from Experts:
Brian Pak, co-founder of Chainlight, emphasizes that security is often overlooked in the DeFi ecosystem. As liquidity surges in the bull market, preemptive measures, thorough audits, and a heightened focus on security are critical for the flourishing of the DeFi space.
🕵️ The Year's Top 5 DeFi Hacks:
Mixin Network - $200 million
Exploited in September, Mixin Network offered a $20 million bounty to the hacker for the return of stolen assets, demonstrating a commitment to recovery and enhanced security features.
Euler Finance - $197 million
Euler Finance fell victim to a flash loan attack, but the attacker, known as "Jacob," returned the stolen funds after the team offered a $1 million reward bounty.
Poloniex - $126 million
In mid-November, Poloniex, owned by Justin Sun, faced a $126 million drain. Despite the setback, Poloniex has resumed services for select tokens and offered a 5% white hat bounty to the hacker.
Multichain - $126 million
Compromised private keys led to a $126 million transfer from Multichain. The company's founder went missing, suspected of arrest by Chinese authorities, prompting the indefinite halt of Multichain services.
Atomic Wallet - $100 million
North Korean hackers stole $100 million from Atomic Wallet, leading to investor lawsuits after the incident was downplayed. Over 5,000 compromised wallets and urgent calls for enhanced security highlight the severity of the breach.
🔒 Stay Informed, Stay Secure! Follow The Blockopedia for the Latest Insights. 🚀
#HackAlert #BTC #crypto #cryptocurrency #crypto2023
💰 Over $1.3 billion lost to crypto hacks in 2023!
🔒 Security Remains a Critical Priority
In the fast-paced world of DeFi, security and privacy are paramount. The recent $610,000 exploit of Ledger serves as a stark reminder that vulnerabilities persist. According to DeFiLlama, crypto startups suffered over $1.3 billion in losses this year alone, highlighting the urgent need for enhanced security measures.
💡 Key Insights from Experts:
Brian Pak, co-founder of Chainlight, emphasizes that security is often overlooked in the DeFi ecosystem. As liquidity surges in the bull market, preemptive measures, thorough audits, and a heightened focus on security are critical for the flourishing of the DeFi space.
🕵️ The Year's Top 5 DeFi Hacks:
Mixin Network - $200 million
Exploited in September, Mixin Network offered a $20 million bounty to the hacker for the return of stolen assets, demonstrating a commitment to recovery and enhanced security features.
Euler Finance - $197 million
Euler Finance fell victim to a flash loan attack, but the attacker, known as "Jacob," returned the stolen funds after the team offered a $1 million reward bounty.
Poloniex - $126 million
In mid-November, Poloniex, owned by Justin Sun, faced a $126 million drain. Despite the setback, Poloniex has resumed services for select tokens and offered a 5% white hat bounty to the hacker.
Multichain - $126 million
Compromised private keys led to a $126 million transfer from Multichain. The company's founder went missing, suspected of arrest by Chinese authorities, prompting the indefinite halt of Multichain services.
Atomic Wallet - $100 million
North Korean hackers stole $100 million from Atomic Wallet, leading to investor lawsuits after the incident was downplayed. Over 5,000 compromised wallets and urgent calls for enhanced security highlight the severity of the breach.
🔒 Stay Informed, Stay Secure! Follow The Blockopedia for the Latest Insights. 🚀
#HackAlert #BTC #crypto #cryptocurrency #crypto2023
🚨 HACK ALERT: Sydney Sweeney's X account was hacked to promote a Solana-based crypto memecoin named #SWEENEY
The token reached over $10 million in trading volume within two hours before its price crashed by 90%.
The hacker, who also claims responsibility for hacking 50 Cent and Hulk Hogan’s accounts, used Sweeney’s account for a pump-and-dump scheme.
#HackAlert #SydneySweeney #SolanaMemeCoin #TrendingTopic
The token reached over $10 million in trading volume within two hours before its price crashed by 90%.
The hacker, who also claims responsibility for hacking 50 Cent and Hulk Hogan’s accounts, used Sweeney’s account for a pump-and-dump scheme.
#HackAlert #SydneySweeney #SolanaMemeCoin #TrendingTopic
🔒 Beware: Chainlink (LINK) Hack Alert! $900,000 Stolen 😱
Hackers struck again, snatching $900,000 in Chainlink (LINK) tokens last month! 🚨
This latest crypto heist sheds light on the risks lurking in the world of tokenized assets and lax security measures.
According to Arkham, the cyber-criminals, dubbed Inferno Drainer, targeted a Swiss crypto investment fund's hot wallet in late January.
Their sneaky tactic? A deceptive crypto airdrop site, luring victims into revealing their private wallet keys. 😠
Operating under the guise of the "Alchemist63" account, the hackers swiftly siphoned funds, executing two transactions in a matter of seconds. 💸💨
First, they grabbed $400,940, followed by another $456,400 moments later, all under the nose of the unsuspecting victim.
Investigators traced the compromised wallet back to PrismInvest, a Swiss-based fund known for its Binance activity.
With the stolen assets potentially laundered through coin mixers, the perpetrators may have secured their ill-gotten gains for good. 😔
This incident underscores the critical need for robust security measures in the crypto space.
Stay vigilant, fellow traders! 🔐💰
#CryptoSecurity #HackAlert #Chainlink #TradeNTell #Write2Earn $LINK $BTC $SOL
Hackers struck again, snatching $900,000 in Chainlink (LINK) tokens last month! 🚨
This latest crypto heist sheds light on the risks lurking in the world of tokenized assets and lax security measures.
According to Arkham, the cyber-criminals, dubbed Inferno Drainer, targeted a Swiss crypto investment fund's hot wallet in late January.
Their sneaky tactic? A deceptive crypto airdrop site, luring victims into revealing their private wallet keys. 😠
Operating under the guise of the "Alchemist63" account, the hackers swiftly siphoned funds, executing two transactions in a matter of seconds. 💸💨
First, they grabbed $400,940, followed by another $456,400 moments later, all under the nose of the unsuspecting victim.
Investigators traced the compromised wallet back to PrismInvest, a Swiss-based fund known for its Binance activity.
With the stolen assets potentially laundered through coin mixers, the perpetrators may have secured their ill-gotten gains for good. 😔
This incident underscores the critical need for robust security measures in the crypto space.
Stay vigilant, fellow traders! 🔐💰
#CryptoSecurity #HackAlert #Chainlink #TradeNTell #Write2Earn $LINK $BTC $SOL
The Biggest Hacks in Crypto for 2024!
This year has been rough for some major crypto platforms as hackers continue to exploit vulnerabilities. Here's a quick breakdown of the largest hacks and exploits that shook the space in 2024:
DMM Bitcoin leads the list with a jaw-dropping $305M lost, a massive blow to the exchange and its users.WazirX, one of the biggest Indian exchanges, follows with $235M stolen, further amplifying concerns about security.Munchables saw $62.5M drained, adding to the list of large-scale attacks.BtcTurk fell victim to a $54M hack, while decentralized platform Hedgey lost $44.7M.BingX, another big player, was hit for $43.3M, highlighting how even high-profile platforms aren't immune.Lesser-known, but no less damaging, Penpie suffered a $27M exploit, while FixedFloat lost $26.1M.ALEX had a loss of $23.9M, Gala saw $22M vanish, and Indodax was taken for $20.5M.Lastly, lending protocol UwU Lend closes the list with a $20M hack.
From hot wallet breaches to phishing scams on multi-sig wallets, 2024 has shown us that even the most prominent platforms need to ramp up security measures. Stay vigilant, and always prioritize safe practices!
#CryptoSecurityIncident #HackAlert #DMMBitcoin #BingX
DMM Bitcoin leads the list with a jaw-dropping $305M lost, a massive blow to the exchange and its users.WazirX, one of the biggest Indian exchanges, follows with $235M stolen, further amplifying concerns about security.Munchables saw $62.5M drained, adding to the list of large-scale attacks.BtcTurk fell victim to a $54M hack, while decentralized platform Hedgey lost $44.7M.BingX, another big player, was hit for $43.3M, highlighting how even high-profile platforms aren't immune.Lesser-known, but no less damaging, Penpie suffered a $27M exploit, while FixedFloat lost $26.1M.ALEX had a loss of $23.9M, Gala saw $22M vanish, and Indodax was taken for $20.5M.Lastly, lending protocol UwU Lend closes the list with a $20M hack.
From hot wallet breaches to phishing scams on multi-sig wallets, 2024 has shown us that even the most prominent platforms need to ramp up security measures. Stay vigilant, and always prioritize safe practices!
#CryptoSecurityIncident #HackAlert #DMMBitcoin #BingX
