CryptoStan’s Post

A wallet linked to the $200 million hack of the Nomad cross-chain bridge in 2022 has transferred 14,500 ether (ETH)—valued at $35.5 million at current prices—to the sanctioned coin-mixing service, Tornado Cash. Tornado Cash, a tool designed to anonymise transactions by splitting them across multiple wallets over time, was sanctioned by the U.S. Treasury's Office of Foreign Assets Control (OFAC) in 2022. In the 2022 attack on the Nomad Bridge, hackers drained approximately $200 million worth of crypto after exploiting a vulnerability that allowed them to spoof transactions and withdraw assets they didn’t own. #Blockchain #Ethereum #CyberCrime #NomadBridge #TornadoCash #OFAC #Hack #DigitalAssets https://lnkd.in/ebu2Jd2k

Blabberix is currently undergoing a comprehensive audit of our smart contracts by Cybercope: Smart Contract Audits. 🚀 Cyberscope is one of the leading and recognised audit authorities in the crypto space. Its audits are recognised from launchpads like PinkSale, Unicrypt and DxSale. We prioritize our social network users, which is why we undergo audits to ensure the highest levels of security and transparency. Since the token will be the core of our monetization model, this audit is a crucial step in guaranteeing its reliability and trustworthiness. We want to assure you that your investments are safeguarded. Once the audit is complete, we will openly share the results on our social media. #cyberscope #cyberscopeaudit #tokenaudit #token #cryptocurrency

Truflation Loses $5.23 Million in Hack Blockchain service Truflation, known for real-time inflation data, was hacked, losing $5.23 million in crypto. Hacker malware hit both multi-signature and personal Ethereum wallets, stealing $3.89 million in TRUF, $1.07 million in ETH, and $236,000 in DAI. Truflation confirmed the breach but reassured users that customer funds remain safe. Staking has been paused, and liquidity on decentralized exchanges is limited. The team is working with law enforcement and partners to recover the funds. Following the hack, TRUF dropped 15.6% but partially recovered. More breaking news from the world and the Darkweb here 👉 https://deepweb.net/

𝗖𝗘𝗫 𝘃𝘀. 𝗗𝗘𝗫: 𝗞𝗲𝘆 𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝗰𝗲𝘀 𝗶𝗻 𝗖𝗿𝘆𝗽𝘁𝗼 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 Centralized Exchanges (CEX) are managed by a central authority, holding users' funds. They offer a more user-friendly experience with customer support and higher liquidity but come with a higher risk of hacks, though they usually comply with regulations (KYC). Some examples include Binance, Coinbase, and Kraken. On the other hand, Decentralized Exchanges (DEX) operate without a central authority, leveraging smart contracts. Users retain control over their private keys and funds, enjoying greater privacy. However, DEXs can be less user-friendly with varying liquidity and are susceptible to smart contract vulnerabilities. Examples include Uniswap, SushiSwap, and PancakeSwap. Follow 👉 Maaz Jabbar Shah & share ♻️ with your network #Crypto #Blockchain #Decentralization #Trading #CEX #DEX #Security #Innovation

They lost $6.7 million by dropping the keys 🔑 Recently, we discovered that hackers exploited a wallet access control flaw at Duelbits. Despite being warned about questionable transactions totaling $4.6 million in February, the team failed to act. Fast forward to the present, and the criminals have stolen a massive $6.7 million jackpot from Tornado Cash. All because they failed to secure access to their cryptocurrency vault! The takeaway?  In #crypto, your #keys are EVERYTHING. Lose control of them, and it's game over for your funds. It's a $6.7M lesson in why air-tight wallet #accesscontrol is CRUCIAL: ✅ Multi-sig setups  ✅ Distributed storage ✅ Tamper-evident tech Had they implemented these standard security practices, DuelBits could've avoided this multi-million-dollar punch to the gut. The moral?  Treat your crypto keys like royal jewels. Guard them with your life, secure all access, and don't take any chances. Let this be a wake-up call to get access control right before you suffer the same. #hacks #scams #blockchain #security #incidentresponse #compliance #crypto #web3 #ai #defi #rekt #cyvers #web3security

Crypto Exchange BingX Hacked, Onchain Data Shows Over $43M Drained 🧐 BingX, a major crypto exchange, has suffered a hack resulting in the theft of approximately $43 million. The stolen assets include: 🔺 $13.25 million in Ether ($ETH) 🔺 $2.3 million in Binance Coin ($BNB) 🔺 $4.4 million in $USDT 🔺 and $23 million in other altcoins being drained. ⏩ The hack occurred in two phases: the first resulted in a loss of $26 million, and a second followed shortly after with an additional $16.5 million drained. ⭐️ Key details: 🔺 Hackers swapped the stolen assets for $ETH and $BNB via decentralized exchanges (DEXs) like #Uniswap and #Kyberswap. 🔺 Over 360 altcoins were taken. 🔺 BingX CEO Vivien Lien assured users that the losses are "minimal and manageable" with trading services continuing as usual. 🔺 Withdrawals and deposits are temporarily delayed but expected to be restored within 24 hours. ⭐️ Remaining funds: As of the last update, the hacker's wallet holds over 1,000 $ETH and tokens valued at $5 million. 🔗 Source (https://lnkd.in/gmQZ3U_5) #CryptoHacks #BingX #CryptoSecurity #Blockchain #CyberSecurity

🚨 A DeFi protocol UwU Lend has been hacked for a staggering $19.3 million! 🚨 The DeFi space faces a stark reminder of its inherent risks with the recent hack of UwU Lend, resulting in a loss of $19.3 million. A single wallet siphoned various tokens (ETH, WBTC) and swapped them on Uniswap. While UwU Lend promised high yields, the exploit exposes vulnerabilities. Ironically, they leveraged AAVE code and had audits in place. This incident highlights that even seemingly robust security measures can be breached. The exploit might be linked to price oracle manipulation. Attackers may have targeted specific sources used for price calculation, influencing the sUSDe asset price. You can explore the flow of funds on Breadcrumbs: https://lnkd.in/gV3WskQk  Monitor the addresses here: https://lnkd.in/gp8tK3en #DeFi #Security #Cryptocurrency #CryptoHack #CryptoInvestigation #CryptoMonitoring

$20 Million Mysteriously Missing from U.S. Government Crypto Wallets Earlier today, Bitcoin.com News reported that approximately $20 million worth of stablecoins and Ethereum were mysteriously transferred from a U.S. government wallet. These funds were linked to assets seized in relation to the 2016 Bitfinex hack. An on-chain analyst at Arkham Intelligence suspects the wallet may have been compromised, as funds were moved to a new five-day-old address in what appears to be a likely theft. Among the funds transferred: - $1.25 million in Tether (USDT) was withdrawn from Aave. - $5.5 million in USDC stablecoins. - $446,000 worth of Ethereum (ETH). - $13.7 million in aUSDC (an interest-bearing token representing USDC on Aave). Some of the funds were moved to instant exchanges, including one sourcing liquidity from Binance, the world’s largest crypto trading platform by volume. This marks the first time these funds have been touched in eight months, raising concerns about the security of seized assets held in government-controlled wallets. #CryptoSecurity #Blockchain #BitfinexHack #DigitalAssets #USGovernment #CyberSecurity #Ethereum #Stablecoins #BlockchainTechnology #Aave #Binance

The Kraken-CertiK dispute over a security flaw has raised eyebrows across the crypto community. CertiK's discovery of a deposit system vulnerability led to accusations of unethical behavior from Kraken, while CertiK maintains it was a necessary security test. At M55 Capital, we see this as a reminder of the complexities in crypto security. Clear protocols and trust are crucial in ethical vulnerability reporting to ensure a safer crypto ecosystem. Meanwhile, Don’t Trust, Verify. #Crypto #Blockchain #Security #M55Capital #China #Certik #Kraken Khalid MAZOUZ Guillain Carpentier

DMM Bitcoin hacked for over $ 305 million ❗ A Japanese crypto exchange lost over 4500 #Bitcoin to a security breach, spotlighting ongoing challenges in securing transactions and preventing unauthorized access. Key Takeaways: 1️⃣ Need for stronger internal security protocols.  2️⃣ It is crucial to fortify custody systems.  3️⃣ New security standards and architecture are needed. This breach is just one in a long list that reminds us of the need for strong security measures and constant vigilance in the fast-changing digital assets world. #Crypto #Blockchain #Security #DeFi #MatterFi