Multichain protocolrecovers about 50% of its stolen funds from hackers
Multichain protocol which was previously hacked due to vulnerabilities in January reported that it has recovered $2.6M of the total stolen funds. This amount makes up about 50% of the total funds stolen by hackers. Multichain, a cross-chain router protocol, announced the recovery of approximately half of the total stolen money, worth nearly $2.6 million […]
Report reveals that 74% of stolen funds from ransomware attacks went to Russian-affiliated wallet addresses in 2021
Last year, the Russian hacker group Darkside compromised the computer systems of Colonial Pipeline by using a single stolen password. According to a new analysis released on Monday by blockchain analytics firm Chainalysis , over 74% of ransomware money was channelled through high-risk wallet addresses likely headquartered in Russia last year, totalling over $400 million […]
Netflix announces a documentary on the 2016 Bitfinex hack
Following the US Department of Justice’ arrest of the couple involved in the Bifinex hack of 2016, Netflix has announced a documentary on the New York-based couple and their link to laundering nearly 120,000 BTC tied to the crime. Netflix will soon release a documentary series about the historic Bitfinex breach, which stole 119,756 Bitcoin […]
Another DeFi Hack: DEGO Finance loses over $10M to Attack
With the newest breach on Dego Finance, the incidence of DeFi assaults is becoming more concerning. On February 10, Dego Finance was hacked. Soon after, it partnered with well-known cryptocurrency exchanges including Binance, Kucoin, and Gate.io to close deposits for DEGO, its native governance and equity token. The protocol also advised Uniswap, Poloniex, PancakeSwap, WazirX, and other exchanges to follow suit in order to reduce losses. Dego Urges users to […]
The US Department of Justice arrests couple in connection with the 2016 Bitfinex hack and recovers $3.6B in crypto
Years after hackers stole 119,756 Bitcoin (BTC) from the Bitfinex exchange, the US authorities have arrested a couple linked to the crime while also recovering $3.6 billion in Bitcoin. The US Department of Justice announced on Tuesday that Ilya Lichtenstein and his wife Heather Morgan had been arrested for allegedly plotting to launder cryptocurrency linked […]