Why Are North Korean Hackers Targeting Crypto Startups?

North Korean dictator Kim Jong Un graphic with crypto logos in background

Just like technology evolved over the years, so did cybercrime. Some of the most successful cybercrime outfits today hail from the Democratic People’s Republic of Korea (DPRK), a totalitarian state ruled by the dictator Kim Jong-un. Researchers discovered in January 2022 that a prominent North Korean hacker group has been targeting cryptocurrency startups in several … Read more

cryptocurrency: Hackers steal $80 mn in crypto, platform begs them to return funds

cryptocurrency: Hackers steal $80 mn in crypto, platform begs them to return funds

New Delhi: Hackers have stolen cryptocurrency worth $80 million from Qubit Finance, a decentralised finance (DeFi) platform, and the company is now begging hackers to return the stolen cryptocurrency. The value of cryptocurrency stolen makes this the largest hack of 2022 to date. Qubit Finance acknowledged the hack, and said in a tweet on Friday … Read more

North Korean hackers stole $400m in crypto last year: report | Crypto

North Korean hackers stole $400m in crypto last year: report | Crypto

Analysis firm says North Korean-linked hacks jumped from four in 2020 to seven in 2021.North Korea launched at least seven attacks on cryptocurrency platforms that extracted nearly $400m worth of digital assets last year, one of its most successful years on record, blockchain analysis firm Chainalysis said in a new report. “From 2020 to 2021, … Read more

BadgerDAO hackers stole $120 million in crypto with a simple but effective attack

BadgerDAO hackers stole $120 million in crypto with a simple but effective attack

On Wednesday night, someone drained funds from multiple cryptocurrency wallets connected to the decentralized finance platform BadgerDAO. According to the blockchain security and data analytics Peckshield, which is working with Badger to investigate the heist, the various tokens stolen in the attack are worth about $120 million. While the investigation is still ongoing, members of … Read more

A Software Bug Let Hackers Drain $31M From a Crypto Service

A Software Bug Let Hackers Drain $31M From a Crypto Service

Blockchain startup MonoX Finance said on Wednesday that a hacker stole $31 million by exploiting a bug in software the service uses to draft smart contracts.The company uses a decentralized finance protocol known as MonoX that lets users trade digital currency tokens without some of the requirements of traditional exchanges. “Project owners can list their … Read more

Hackers Circle as Individual Investors Pour Cash Into Crypto

Hackers Circle as Individual Investors Pour Cash Into Crypto

Rosa Maguina plowed a big chunk of her savings into cryptocurrency early this year, joining other individual investors trying to strike while bitcoin was hot. The funds vanished after a hacker hijacked her phone number for just two hours.Ms. Maguina, who runs an events logistics business with her husband in Doral, Fla., said she was … Read more

Opposition turns up heat on hacker’s crypto ‘links’, Karnataka govt set to hand over cases to CID

Opposition turns up heat on hacker’s crypto ‘links’, Karnataka govt set to hand over cases to CID

THE KARNATAKA government is likely to hand over investigations into the “illegal activities” of a 25-year-old computer hacker, who was arrested in a drugs case last year, to the police’s Criminal Investigation Department in the wake of political heat from the Opposition on his alleged crypto currency transactions linked to “influential politicians”. State police chief … Read more