Tuesday, May 21, 2024

Exposing the Latest Crypto Hacking Spree: Massive Losses and Hidden Trails

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In the ever-evolving world of cryptocurrencies, the battle between hackers and security measures continues unabated. In this latest wave of cybercrime, several high-profile incidents have raised concerns among the crypto community. Join us as we delve into the nefarious activities that have unfolded in the past 24 hours.

The Blur Phishing Saga:
Yesterday, the PeckShield Alert sounded the alarm over three stolen Non-Fungible Tokens (NFTs). Nakamigos #18227, Nakamigos #8849, and GenuineUndead #6891 were pilfered by a cunning scammer going by the name Fake_Phishing182232. The theft occurred on Blur, a platform known for its vulnerability to such attacks. The full details of this incident can be found on Etherscan: [Etherscan Link]

Hashflow Approval Exploit:
Our community contributor fell victim to an ongoing issue with Hashflow approvals, resulting in a staggering loss of approximately $40.8K on Arbitrum. The contributor now urges others to revoke access from the following exploited contracts: ETH: 0x79cdfd7bc46d577b95ed92bcdc8ababa1844af0c, BSC: 0x375e05f6e12028e933ce598ad1bed7f1194ab071, POLY: 0xacfaaa9da11e66a8cc8af8e3d844673968fff63f, ARB: 0x36c543b8bb76b330ecb66a13c1c1377f889f1919, AVAX: 0x43b4bf8758cae65e6b8242d2669e0e5e20ff693a, and Op: 0xfb1b9a97f1836173390d8bdeaf9004727311a8e1.

The LilPudgys and Quadratic Funding Open Edition Heist:
Adding to the list of stolen NFTs, 0x16ae…0b90 brazenly swiped six more. This time, the victims were LilPudgys #16901 and four QuadraticFundingOpenEdition pieces. Etherscan provides further insight into this incident: [Etherscan Link]

Opensea Targeted by Fake_Phishing182853:
The relentless hackers struck again, this time plundering seven NFTs, including five 0N1Force and a PudgyPenguin. The fraudulent actor, known as Fake_Phishing182853, exploited Opensea to carry out this audacious theft. Here is the Etherscan link for more information: [Etherscan Link]

The June 2023 Hacking Spree:
An alarming revelation comes from PeckShield Alert, reporting that approximately $92.55 million was drained by cybercriminals during June 2023. Among the cryptocurrencies snatched were around 1,104.7 ETH, 1,578.5 BNB, and 19,990 DAI. Interestingly, investigations have uncovered attempts to launder some of the stolen funds through Tornado Cash, ChangeNOW, and Railgun, making tracking the culprits an arduous task.

The Elusive Drainer:
An individual utilizing an elaborate laundering pattern has successfully siphoned off $12 million worth of cryptocurrencies on Ethereum. The Drainer, as they are known, employed a sophisticated peel chain layering process, bridging into Bitcoin. To further complicate matters, a small percentage of the stolen Ethereum funds, approximately 1%, were transferred to CEXs, FixedFloat, and ChangeNow.

The recent surge in high-profile hacking incidents within the crypto world highlights the ongoing battle between security experts and cybercriminals. As the industry continues to evolve, it is crucial for users and platforms alike to remain vigilant and implement robust security measures to safeguard against these ever-present threats. Stay tuned as we keep you updated on the latest developments in this ongoing saga.

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