Kronos Research Hacker Moves Exploit to Tornado Cash
Six months after the $25 million hack on quantitative trading firm Kronos Research, one of the six wallets linked to the hacker has moved funds to Tornado Cash. The compromised wallet initially transmitted 1,314 Ether, valued at $4 million, to an address beginning with 0x8F5e4 and then transferred the entire amount to an address beginning […]
Gnus.AI Network Loses $1.27M to Discord Hack
Gnus.AI artificial intelligence network was hit by a hacker who was able to view team members’ private Discord messages and mint fake tokens, leading to a loss of $ 1.27 million. On May 5, exposure to token-minting vulnerabilities caused the Gnus.AI artificial intelligence network to incur an approximate loss of $1.27 million. The group declared […]
Hundred Finance Hacker Transfers Stolen Assets After One Year
After a year of inactivity, the hacker who stole $7.4 million from the decentralized Finance (DeFi) protocol Hundred Finance has begun transferring the crypto assets. The infiltrator removed approximately $800,000 worth of Ether and Tether from Curve’s decentralized exchange (DEX) on May 1, more than a year after supplying liquidity on the platform. Upon completion […]
South Korea Launches Crypto Crime Crackdown Unit
South Korea plans to upgrade its temporary crypto investigative unit to an official department to combat the rise in digital asset crimes. South Korea is taking proactive steps to combat the rise in crypto-related crimes and fraud by proposing elevating its Joint Virtual Asset Crime Investigation Unit to an official department. The Ministry of Justice […]
‘Sybil Attacks’ Target Cryptocurrency Airdrops Projects
Several cryptocurrency projects have experienced an increase in “Sybil attacks,” or “fake farm accounts,” following increased prices. These fraudulent accounts generate fabricated network activity to acquire the most significant number of tokens possible during airdrop events, which have grown substantially profitable. “We have recently banned around 2,000 users who we suspect were farming Degen,” the […]