Hack

The post WazirX Boosts White Hat Reward to 10% Following $230M Hack: Ensures User Safety appeared first on Coinpedia Fintech News WazirX, which was recently hit by a severe cyber attack which led to more than $230 million of a multi-sig wallet being stolen, prompted the company to activate a vigorous counter-strategy immediately. The hack has caused WazirX to stop trading temporarily amidst difficulty in ensuring the 1:1 ratio between tokens and assets.  WazirX acted quickly by unveiling an improved…

The post Liminal Claims Safety Of Platform, Blames Compromised Signatures In WazirX $235M Hack appeared first on Coinpedia Fintech News Liminal Custody has published a detailed report on the recent $235 million hack that targeted WazirX, one of India’s biggest cryptocurrency exchanges. The report also states that Liminal’s platform was not compromised, but the attack originated from the compromised devices at WazirX. This clarification comes after WazirX, in its incident overview of the hack, mentioned Liminal’s role in its preliminary findings. At…

The post Here’s How White Hat Hacker Saved $450 Million in DeFi Hack appeared first on Coinpedia Fintech News This is notoriously so in DeFi where a hack is disastrous to projects or investors involved in the token so the traditional policing does not adequately suffice, and the developers equally do not have the expertise on the high-risk negotiations.  Enter Ogle, a pseudonymous white hat hacker, who has become a beacon of hope by recovering over $450 million from 40…

The post CoinStats Suffers $2 Million Loss in Crypto Hack, CEO Points to Social Engineering Tactics appeared first on Coinpedia Fintech News On the 22nd of June, CoinStats, a prominent crypto platform experienced a major security threat forcing them to stop all their services temporarily. $2 million worth of digital currency was taken off from some people’s wallets. Through quick intervention by company, the situstion was controlled to prevent more loss. Stealing away $2 million meant that almost 1.3% of…

The post 50 Cent’s Twitter Hack Promotes Fake Solana Meme Coin: The GUNIT Scam appeared first on Coinpedia Fintech News Rapper 50 Cent’s Twitter (X) account was hacked on friday to promote the new Solana meme coin, GUNIT. Initially, it seemed Curtis Jackson, also known as 50 Cent, was launching his own token, considering the recent trend of celebrities endorsing meme coins. However, it was later exposed that this was a  pump-and-dump scam. Moreover, the hacker had cleverly framed the…

The post Remilia DAO Hack: $4.3 Million in Stolen ETH Traced to Tornado Cash appeared first on Coinpedia Fintech News The decentralized organization Remilia DAO, known for its Milady Maker NFT collection, has faced a severe setback with its recent hack. According to blockchain analysis firm CertiK, over $4.3 million in stolen cryptocurrency has been traced to the illicit mixer, Tornado Cash. CertiK revealed through a tweet today that 1,209.5 Ether (ETH), valued at approximately $4.3 million, was transferred to…

The post Scammers Hack Microsoft India’s X Account To Promote Fake Gamestop Presale appeared first on Coinpedia Fintech News Microsoft India’s Twitter account, with over 211K followers, was hacked by scammers to promote a fake GameStop crypto pre-sale. The scammers posted videos of Roaring Kitty, linking it to an unverified site claiming to offer a GME crypto presale. Experts suggested that the breach could result from a SIM-swapping attack, a common method to bypass two-factor authentication. The phishing site was…

The post Binance Hack: Users Hit by Google Plugin Scam, Lose Millions appeared first on Coinpedia Fintech News Several Binance users have suffered huge losses from account hacks, shaking the cryptocurrency community. Popular blockchain journalist Colin Wu broke the troubling news. Breaking: Your Binance account may have been compromised due to downloading the KOL-promoted Google plugin Aggr. A Chinese user used this plug-in, which resulted in $1 million being stolen through cross-trading on May 24th. Another Binance user had his…

Decentralized exchange Velocore has addressed its recent hack in a postmortem. The exchange suffered an exploit that led to the loss of about $7 million.  The exchange has offered the hacker a 10% bug bounty but has yet to receive a response.  Details Of The Hack  The hack was orchestrated after the hacker exploited a vulnerability in the smart contracts controlling the decentralized exchange’s liquidity pools. The hacker was able to exploit the vulnerability in overflow logic. This allowed them…