North Korean hackers considered behind $100m cryptocurrency heist | North Korea

North Korean hackers are considered behind final week’s theft of as a lot as $100m in cryptocurrency from a US firm, because the regime steps up makes an attempt to safe funding for its nuclear and ballistic missile programmes.

The property have been stolen on 23 June from Horizon Bridge, a service operated by the Concord blockchain that enables property to be transferred to different blockchains, three digital investigative corporations have concluded.

Exercise by the hackers because the heist suggests they could be linked to North Korea – believed to be among the many most prolific cyber-attackers.

The type of

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Hackers have stolen $80 million in cryptocurrency from the Qubit DeFi platform

Qubit Finance, a decentralized finance (DeFi) platform, has change into the newest sufferer of a high-value theft, with hackers stealing round $80 million in cryptocurrency on Thursday.

The worth of cryptocurrency stolen makes this the most important hack of 2022 to this point.

Qubit Finance acknowledge the hack in an incident report printed by way of Medium. In response to the report, the hack occurred at round 5PM ET on the night of January twenty seventh.

Qubit supplies a service referred to as a “bridge” between totally different blockchains, successfully that means that deposits made in a single cryptocurrency

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Hackers hijack sensible contracts in cryptocurrency token ‘rug pull’ exit scams

Researchers say that hackers are abusing misconfigurations in sensible contracts to launch token rug pulls. 

Regardless of the present volatility within the cryptocurrency market, with costs for a lot of fashionable cash, together with Bitcoin (BTC) plunging, curiosity within the crypto, token, and NFT areas stays secure. 

2021 was a record-breaking yr for cryptocurrency-related theft and fraud. Cybercriminals netted an estimated $14 billion in cryptocurrency, and fraudulent schemes involving digital property proceed to evolve.

On Monday, Verify Level Analysis (CPR) stated that scammers at the moment are turning their consideration to sensible contracts, with misconfigurations utilized to launch new crypto

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North Korean hackers stole a record-breaking quantity of cryptocurrency final yr

Hackers from North Korea stole almost $400 million price of cryptocurrency in 2021 via a minimum of seven assaults and most of it was Ether or ETH quite than Bitcoin, in accordance with blockchain evaluation agency, Cainalysis. 

2021 was a document yr for North Korea’s navy hackers, essentially the most infamous of which is Lazarus, the group behind the damaging wiper assault on Sony Footage Leisure in 2014, WannaCry ransomware in 2017, a number of banks by way of the SWIFT banking system, and quite a few cryptocurrency exchanges. 

Also referred to as APT 38, the group has centered in

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North Korea hackers stole $400m of cryptocurrency in 2021, report says

Cyber crime inventory picture.

North Korean hackers stole nearly $400m (£291m) value of digital belongings in at the very least seven assaults on cryptocurrency platforms final yr, a report claims.

Blockchain evaluation firm Chainalysis mentioned it was certainly one of most profitable years on file for cyber-criminals within the closed east Asian state.

The assaults primarily focused funding companies and centralised exchanges.

North Korea has routinely denied being concerned in hack assaults attributed to them.

“From 2020 to 2021, the variety of North Korean-linked hacks jumped from 4 to seven, and the worth extracted from these hacks grew by 40%,”

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Over $150 million stolen by hackers from cryptocurrency alternate BitMart

Hackers stole at the least $150 million from cryptocurrency alternate BitMart as a part of what the corporate described Monday as a “large-scale safety breach.”

The BitMart Group wrote in a assertion posted on its web site that the hackers concerned had withdrawn roughly $150 million from two of BitMart’s wallets utilized by clients, and that the corporate was briefly suspending withdrawals because it investigated the breach. The corporate emphasised that every one different wallets had been “safe and unhurt.”

NBC Information cited info from blockchain and safety analytics firm PeckShield in reporting that the monetary loss was probably nearer

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