Tag #Cryptocurrency Theft

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forbes.com

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Feb 22, 22:08

North Korean Lazarus Group Steals $1.5 Billion in Ethereum from Bybit Exchange

Bybit, a Dubai-based cryptocurrency exchange, announced a $1.5 billion theft of Ethereum, surpassing the previous record, attributed by Arkham Intelligence to the North Korean Lazarus Group, who exploited a masked UI and URL to compromise a smart contract and access a cold wallet.

North Korean Lazarus Group Steals $1.5 Billion in Ethereum from Bybit Exchange

Bybit, a Dubai-based cryptocurrency exchange, announced a $1.5 billion theft of Ethereum, surpassing the previous record, attributed by Arkham Intelligence to the North Korean Lazarus Group, who exploited a masked UI and URL to compromise a smart contract and access a cold wallet.

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How did the Lazarus Group exploit Bybit's security measures, and what vulnerabilities in smart contract technology does this attack expose?

The Lazarus Group's sophisticated attack on Bybit involved exploiting a "masked" UI and URL to manipulate a smart contract and gain control of Bybit's offline cold wallet. This highlights the vulnerability of even offline storage solutions to highly advanced hacking techniques.

nbcnews.com

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Feb 22, 04:07

Bybit Suffers $1.5 Billion Crypto Heist, Largest in History

Bybit, a major cryptocurrency exchange, was hacked for $1.5 billion in digital assets, primarily ether, the largest crypto heist in history, with the Lazarus Group suspected and funds traced across multiple platforms; Bybit secured a bridge loan to cover losses and maintain operations.

Bybit Suffers $1.5 Billion Crypto Heist, Largest in History

Bybit, a major cryptocurrency exchange, was hacked for $1.5 billion in digital assets, primarily ether, the largest crypto heist in history, with the Lazarus Group suspected and funds traced across multiple platforms; Bybit secured a bridge loan to cover losses and maintain operations.

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How did the Lazarus Group execute the Bybit hack, and what laundering techniques did they employ to obscure the stolen funds?

This event surpasses previous major crypto thefts, such as the Poly Network ($611 million) and Binance ($570 million) incidents. Blockchain analysis firms traced the stolen funds, linking the attack to North Korea's Lazarus Group, a state-sponsored hacking collective known for its sophisticated laundering techniques.

dailymail.co.uk

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Feb 2, 04:07

Seven Jailed for 76 Years in Cryptocurrency Kidnap Case

Seven men received a collective 76-year prison sentence for kidnapping, torturing, and attempting to steal over £100,000 in cryptocurrency from a vulnerable victim in Greater Manchester; police investigation involved phone analysis, DNA evidence, and the recovery of multiple weapons from the crime s...

Seven Jailed for 76 Years in Cryptocurrency Kidnap Case

Seven men received a collective 76-year prison sentence for kidnapping, torturing, and attempting to steal over £100,000 in cryptocurrency from a vulnerable victim in Greater Manchester; police investigation involved phone analysis, DNA evidence, and the recovery of multiple weapons from the crime s...

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How did the investigation unfold, and what evidence was used to secure the convictions?

The case highlights the escalating violence associated with cryptocurrency theft. The defendants used extreme measures, including kidnap and torture, to obtain the victim's cryptocurrency. Their actions demonstrate a willingness to employ significant violence to achieve their criminal goals, highlighting the need for enhanced security measures in the cryptocurrency space and improved protection for vulnerable individuals.

forbes.com

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Dec 27, 16:11

Gmail Account Hack Leads to \$500,000 Cryptocurrency Theft

A Seattle firefighter lost \$500,000 in cryptocurrency after a hacker, using a combination of fake Google support emails and a real Google phone number, convinced the victim to approve an account recovery prompt, granting access to his account and cryptocurrency stored in Google Photos.

Gmail Account Hack Leads to \$500,000 Cryptocurrency Theft

A Seattle firefighter lost \$500,000 in cryptocurrency after a hacker, using a combination of fake Google support emails and a real Google phone number, convinced the victim to approve an account recovery prompt, granting access to his account and cryptocurrency stored in Google Photos.

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What specific vulnerabilities in Gmail's security protocols or user practices were exploited in the \$500,000 cryptocurrency theft?

A Seattle firefighter lost \$500,000 in cryptocurrency after falling victim to a Gmail account hack. The attacker used a combination of a seemingly legitimate Google phone number and emails to convince the victim to approve an account recovery prompt, granting them access to the account and cryptocurrency stored in Google Photos.

dailymail.co.uk

🌐 95% Global Worthiness

Feb 22, 19:08

Record-Breaking \£1.2 Billion Crypto Theft from Bybit Linked to North Korea

North Korean hackers, suspected to be the Lazarus Group, stole approximately \£1.2 billion in cryptocurrency from Bybit, a Dubai-based platform, marking the largest digital currency theft in history; despite the hack, Bybit claims that all client assets are safe and that the platform is solvent.

Record-Breaking \£1.2 Billion Crypto Theft from Bybit Linked to North Korea

North Korean hackers, suspected to be the Lazarus Group, stole approximately \£1.2 billion in cryptocurrency from Bybit, a Dubai-based platform, marking the largest digital currency theft in history; despite the hack, Bybit claims that all client assets are safe and that the platform is solvent.

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What are the immediate consequences of the \£1.2 billion cryptocurrency theft from Bybit, and what is its global significance?

Bybit, a Dubai-based cryptocurrency platform, reported the theft of approximately \£1.2 billion in digital assets from a compromised offline Ethereum wallet. The attack, attributed to the Lazarus Group, a North Korean hacking collective, surpasses previous records, making it the largest cryptocurrency theft in history. No other wallets were affected, and Bybit assures its solvency and the safety of client assets.

bbc.com

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Feb 22, 07:07

Bybit Suffers $1.5 Billion Crypto Theft

Bybit, a Dubai-based cryptocurrency firm, reported a $1.5 billion theft of Ethereum, potentially the largest crypto heist in history, impacting Ethereum's value and raising concerns about cryptocurrency security.

Bybit Suffers $1.5 Billion Crypto Theft

Bybit, a Dubai-based cryptocurrency firm, reported a $1.5 billion theft of Ethereum, potentially the largest crypto heist in history, impacting Ethereum's value and raising concerns about cryptocurrency security.

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What are the immediate consequences of the $1.5 billion cryptocurrency theft from Bybit, and how does it impact global cryptocurrency markets?

Bybit, a Dubai-based cryptocurrency firm, reported a $1.5 billion theft of Ethereum from its digital wallet, potentially the largest crypto heist in history. The company assures users their funds are safe and will be refunded, claiming the loss can be covered by its own assets or partner loans. Ethereum's value dropped 4% following the news.

abcnews.go.com

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Jan 11, 07:06

Cryptocurrency Scam Targets Remote Workers, Over \$2 Million Stolen

New York Attorney General Letitia James filed a lawsuit against an unknown network of scammers who stole over \$2 million in cryptocurrency from at least seven victims nationwide by offering fake remote work opportunities through text messages.

Cryptocurrency Scam Targets Remote Workers, Over \$2 Million Stolen

New York Attorney General Letitia James filed a lawsuit against an unknown network of scammers who stole over \$2 million in cryptocurrency from at least seven victims nationwide by offering fake remote work opportunities through text messages.

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How did the scammers operate and what methods did they employ to deceive their victims?

This cryptocurrency scam targeted job seekers through text messages promising legitimate remote work. Victims were tricked into investing in cryptocurrency, which was then stolen by the perpetrators. The scam highlights the vulnerability of those seeking employment and the challenges in tracing and recovering cryptocurrency.

lexpress.fr

🌐 90% Global Worthiness

Dec 21, 10:08

North Korea's Cryptocurrency Heists Hit Record High in 2024

North Korea stole $1.34 billion in cryptocurrency in 2024, significantly up from $660 million in 2023, funding its weapons programs and deepening its ties with Russia, raising global security concerns.

North Korea's Cryptocurrency Heists Hit Record High in 2024

North Korea stole $1.34 billion in cryptocurrency in 2024, significantly up from $660 million in 2023, funding its weapons programs and deepening its ties with Russia, raising global security concerns.

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Peace, Justice, and Strong Institutions

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What is the significance of North Korea's cryptocurrency theft in 2024, and what are its immediate global implications?

In 2024, North Korea stole $1.34 billion in cryptocurrency, significantly more than the $660 million stolen in 2023, making it the leading perpetrator of cryptocurrency theft globally. This funding is used to support the country's weapons programs, with the White House claiming that half of North Korea's missile program is financed by cyberattacks and cryptocurrency theft.

Showing 13 to 20 of 20 results