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On 16th September 2024, decentralised finance (DeFi) protocol Delta Prime experienced a significant security breach, resulting in the loss of $6 million. The attack was carried out on the platform’s Arbitrum deployment, while the Avalanche version remained unaffected. Delta Prime confirmed that the breach occurred due to the compromise of a private key, allowing the attacker to mint massive amounts of deposit receipts and subsequently drain the funds. DeltaPrime Blue exploited, this is the current status: At 6:14 AM CET DeltaPrime Blue (Arbitrum) was attacked and drained for $5.98M. This was due to a compromised private key, the source of which is currently under investigation. DeltaPrime Red (Avalanche) is not vulnerable… — DeltaPrime (@DeltaPrimeDefi) September 16, 2024 The exploit was discovered at 6:14 AM CET, and Delta Prime promptly acknowledged the attack on social media. According to a statement from the company, the attacker managed to drain $5.98 mil...

There is growing concern about the number of crypto hackers using centralized exchanges to fund their attacks. In order to pay the transaction fees necessary to carry out attacks, hackers must first fund their wallets. However, given the transparency of a public ledger, they have to carefully consider how to do this without linking themselves to the crime. Tornado Cash used to be the industry standard for covering one’s tracks, used by hackers and privacy advocates alike. Now, it appears that in many cases, Hack ers simply opt to skirt their way around exchange s’ know-your-customer (KYC) procedures when funding their accounts. Blockchain monitoring firm Forta Network’s analysis of funding sources for recent attacks shows that the hacker’s favourite Tornado Cash now represents just under half the hacks studied , with funds coming from centralized exchanges (CEXs) in a third of cases. Other funding methods included novel privacy tool Railgun and ‘middleware operat...

Prosecutors say the now-defunct crypto exchange FTX lost over $400m in crypto due to a SIM-swap hack orchestrated by three individuals. Crypto exchange FTX lost nearly half a billion dollars worth of crypto shortly after filing for bankruptcy due to a SIM-swap attack , Bloomberg has learned, citing an indictment filed in federal court in Washington by the U.S. Department of Justice. According to prosecutors, three individuals —Robert Powell, Emily Hernandez, and Carter Rohn — participated in a SIM-swapping ring targeting FTX for two years. The indictment alleges that the trio gathered personal data from numerous victims, leveraging this information to persuade cell phone providers to transfer the victims’ phone numbers to a fraudulent device under their control. Subsequently, the group could intercept text messages, including multifactor authentication codes. You might also like: Larry David admits losing ‘a lot’ in crypto, calls himself ‘idiot’ after FTX collapse W...

Join Our Telegram channel to stay up to date on breaking news coverage North Korean hackers hit Atomic Wallet with a cyber attack , causing a staggering loss of $100 million. Cyber threats originating from North Korea are getting more sophisticated, underscoring the need for robust security measures. Investigations are underway to determine what happened and fortify defenses to prevent future attack s. Thousands of Crypto Wallets Affected in Atomic Wallet’s Recent Breach Approximately 5,500 cryptocurrency wallets have been affected, according to Elliptic, a company that analyzes blockchain transactions. This shows the scale of the attack and how many people were affected. Due to a serious exploit, Atomic Wallet users have suffered significant losses. Since Atomic Wallet operates on the principle that users are responsible for protecting their assets, this breach has caused alarm in the crypto community. Cryptocurrencies need strong security measures, as the incident show...