Crypto.com Admits Hackers Stole $34 Million From Users

A crypto exchange Crypto.com confirmed that hackers stole nearly $34 million during Monday's hack. In a Tuesday update, the exchange revealed that hackers stole 443.93 bitcoin ($18.7 million), 4835.25 ether ($15.2 million) and approximately $66,200 in USD. The company faced criticism over its communication after the incident. The company's CEO only confirmed the hack on Wednesday, three days after it took place. In total, the hack affected 483 users. However, Crypto.com said that they fully reimbursed all of them. The…

Hacker Returns 800k in ETH to Multichain Hack Victim

The Multichain hack has cost users $3 million so far. However, one victim managed to get back most of their money - by talking to the hacker directly. A "white hat" hacker returned about 800k in Ether to a hacking victim. However, the hacker kept $150,000 as a "tip" for keeping the funds safe. The CTO of crypto wallet ZenGo Tal Beery highlighted the conversation between the hacker and his victim on the blockchain. The hacker presented himself as a…

Cream Finance Builds a Compensation Plan After Encountering a Hack

Cream Finance is currently working on a refund process after hackers made away with $18 million. The DeFi protocol aims at compensating investors using 20% of its transaction fees. Cream also plans to clear the debt with Flexa Digital Payment and several AMP participants. How Did it Happen? On August 30, 2021, Peckshield discovered an exploit taking place at Cream Finance. According to the blockchain firm, the hack was successful because of a bug on the $AMP token. The hacker…

DeFi Platform Poly Loses More than $600 Million in Recent Hack

On Tuesday 10th August 2021, cross-chain Defi platform Poly network got hacked, with the alleged attackers draining more than $600 million on BinanceChain, Ethereum, and OxPolygon. This is the largest DeFi hack to date. According to Igor Igamberdiev, the leading cause of the attack is attributed to a cryptographic issue – although this is not usually the case. It can be likened to the Anyswap exploit, which led to $7.9 million's theft due to the hacker reversing the private key.…

KuCoin Hacker Prepares To Launder the Looted $150M Via Uniswap

On 27th September, a twitter account named under the Breach reported that the Kucoin hacker just started laundering his $ 150 million. The tweet said that the hacker started swapping his $OCEAN for Ethereum through Uniswap, pulling the token’s price down by around 4%, in less than an hour. In response to @Under the Breach, another twitter user named Larry Cermak corrected the information given. Cermak pointed out that the hacker is yet to begin laundering his $ 150 million…

Bisq Suffers $250K Worth of Crypto Losses after Theft By Hacker

A remarkable software flaw in the Decentralized exchange (DEX) Bisq allowed a hacker to steal cryptocurrency worth over $250k from users. The exchange promptly stopped trading yesterday night upon discovering the critical security risk. Bisq hasn't mentioned the specific flaw and is yet to ascertain the safety of users’ funds. The exchange phrases the action taking with regards to the theft as unprecedented. The exchange states that the hacker made away with 3 Bitcoins and 4,000 Monero (XMR) from 7…

Crex24 Exchange Users Alarm over Lacking Transparency in the Network

Recently, Crex24 crypto exchange users, have accused the platform of not being truthful about the extent of the most recent hack. The accusations arose after the users noticed suspension of trades in several altcoins on the platform.  According to the customers, Crex24 has not been forthcoming about the reasons for them suspending the trading of over 60 altcoins. The most recent event in Crex24 is freezing the platform's multiple coins' withdrawals and deposits.   Although many people have accused Crex24 of…

IOTA Co-founder Promises To Refund Tokens To Investors Affected by Recent Hack

IOTA founder Sønstebø intends to refund victims of the major February 14 IOTA hack with his own tokens.  The exchange plans to re-enable its network in the coming days to revive IOTA prices. Time will tell whether the Foundation will be able to make strides towards improving the security of its network and wallets. Towards the end of last week, IOTA co-founder and board co-chairman David Sønstebø revealed on twitter that anybody who lost funds in the recent IOTA [wallet]…

Ethereum Deposit and Withdrawal Services Now Available on Upbit

Upbit recently announced the reopening of deposits and withdrawals for Ethereum on their platform. The South Korean based crypto exchange stopped the services for a long time after a hack. The hack led to the loss of $50 million worth of cryptocurrency funds. Upbit said that it is adopting another wallet system for the services. Additionally, the exchange reassured its users in full using its corporate assets because crypto funds got hacked. Upbit also noted the Ethereum wallet security system…

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