CRYPTO HACKER

North Korean hackers linked to crypto thefts among world's best, experts say

Blockchain investigation firms TRM Labs and Chainalysis attribute the heist to a North Korean hacking group known as "TraderTraitor," a name used in a 2022 joint warning from the FBI, CISA and US Treasury that described how hackers used malicious software and other tricks to target software developers and IT staff at cryptocurrency companies.

Crypto exchanges call for quick moves to bolster defenses after Binance heist

Crypto exchanges are strengthening defenses and promoting information-sharing after Binance's major $6.3 billion hack. Coinbase adjusted its systems for storing cryptocurrency keys while Kraken monitored incidents to enhance security. Analysts noted that the attack, linked to North Korea, revealed vulnerabilities within the crypto industry. Companies are planning more employee training to combat social engineering tactics used in such hacks.

McDonald’s must face class action lawsuit over its McRib, judge rules: Why is the fan-favorite $7 sandwich facing fraud allegations?

In a notable ruling, a district judge has permitted a class action lawsuit against McDonald's focusing on the McRib sandwich. The suit purports that the fast-food giant's advertising misleads consumers regarding the meat quality, with plaintiffs arguing they spend significantly more for the expectation of premium pork cuts. McDonald's defends its ingredient standards and transparency, amidst previous concerns about the treatment of animals used in the McRib's meat sourcing.

What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft

Binance says hackers stole more than $6 billion in what is being described as the largest cryptocurrency heist on record, with blockchain intelligence firms linking the attack to North Korea’s TraderTraitor hacking unit. The exchange has set aside $6.34 billion to cover losses, frozen about $3 billion in affected assets with partners and says it will reimburse users while investigators trace the stolen funds.

Could Binance’s $6.3 billion hack trigger a crisis across crypto’s billionaire network as CZ turns to Elon Musk for support?

Binance's significant security breach has led to a public dispute between Changpeng Zhao and Elon Musk. Zhao is seeking Musk's support while trying to reassure Binance customers that their funds remain secure. The incident highlights Binance's investments in Musk's businesses, specifically with SpaceX. Binance aims to recover affected assets and restore normal operations following this crisis. Meanwhile, the situation has attracted the attention of cybersecurity investigators and cryptocurrency traders.

Binance suffers $6.3 billion crypto security breach: Why is Binance.US assuring American customers their funds are safe?

Binance, the world's largest cryptocurrency exchange, has reportedly suffered a $6.3 billion security breach, with analysts suspecting North Korean hackers were behind the theft. However, its US affiliate, Binance.US, has said it was unaffected by the incident, assuring American customers that their funds remain safe and services are operating normally.

Who are the hackers suspected in Binance's $6.3 billion crypto theft? Are they state-backed groups?

Binance's $6.3 billion hack: The $6.3 billion theft from Binance, the world's largest cryptocurrency exchange, has drawn attention to North Korea's suspected role in major cyberattacks. Blockchain intelligence firms believe a North Korean hacking group called TraderTraitor was behind the incident. However, Binance has not confirmed the identity of the attackers, and investigations are still underway.

Crypto's biggest-ever heist: How hackers stole $6.3 billion in Binance in just 20 minutes

Binance, on Friday, reported a significant security breach that resulted in the theft of $6.3 billion in cryptocurrencies. An initial investigation revealed that a compromised laptop enabled unauthorized withdrawal transactions. Approximately half of the stolen assets were stablecoins, which issuers have reportedly frozen to limit the attackers' activities. Blockchain analysis firms suggested that the breach shares similarities with previous North Korean hacker operations.

Who is North Korean Lazarus Group, how they stole $6.3 billion from world's biggest crypto exchange Binance from a single laptop in just 20 minutes?

North Korea's Lazarus Group is suspected of being behind a $6.36 billion cryptocurrency theft from Binance. Blockchain investigators have linked the attack to its associated unit TraderTraitor. The operation involved exploiting an Ethereum wallet authorisation feature, gaining control of a Binance hot wallet and transferring digital assets across 10 blockchains.

Global Market: Binance breach rekindles fears over cryptocurrency security

A reported $6.3 billion breach at Binance, described as the largest crypto heist on record, has renewed concerns about digital-asset security. Binance has located about $3 billion in affected assets and pledged to cover losses. The incident joins major attacks on Bybit, Ronin Network, Wormhole and other platforms, highlighting persistent vulnerabilities across exchanges, wallets, blockchain bridges and DeFi services.

Bitcoin hits 6-week low, drops below $78,000 as Binance’s $6 billion hack rattles crypto markets. What should investors do?

Bitcoin fell more than 4% to a six-week low below $78,000, while Ether and BNB also slumped after a reported $6.3 billion security breach at Binance rattled crypto markets. Analysts flagged key support levels and advised investors against panic selling or aggressive dip-buying, favouring staggered entries and smaller positions.

Biggest crypto heist in history: How Binance’s $6 billion hack rattled markets and what it means for investors?

Binance is investigating a reported security breach estimated to have caused $6.3 billion in losses, with North Korea-linked hackers suspected by TRM Labs. The exchange says user funds are safe and has pledged to cover all losses.

From $1.46 billion in Ether being stolen to hackers returning money: Here’s a look at some of the largest crypto heists as Binance hit with largest in history

Binance has reported a significant hack that resulted in $6.3 billion being compromised. The company froze nearly $3 billion and promises to cover all losses incurred. Investigations indicate that a North Korean hacking group might be responsible for this breach. Additionally, other notable hacks in the cryptocurrency sector highlight ongoing vulnerabilities and the challenges faced by exchanges.

Binance flags 'potential security issue,' says approximately $6.3 billion impacted

Binance is currently investigating a security incident that reportedly involves unauthorized transactions exceeding $6 billion. The company has stated that user funds remain secure despite the alarming situation. To mitigate risks, Binance has temporarily suspended all deposits and withdrawals on its platform. In collaboration with law enforcement, blockchain partners have already frozen a substantial amount of affected assets.

The Crypto devices built to foil hackers came with spies inside

In Malaysia, CryptoBilis faces an investigation after numerous customers experienced thefts from hardware wallets. Reports from Ledger SAS link these crimes to a group of criminals who modified the wallets. Victims' losses total over $90 million, raising red flags among cybersecurity experts who emphasize the vulnerabilities present in cold wallets meant for cryptocurrency storage. These events stress the critical need for improved safety mechanisms in the management of digital assets.

Are your Cryptocurrencies safe from cyber attacks? Over $350 million heist at Crypto exchange platform raises questions

Cryptocurrency heist: Last year, attackers stole $2.9 billion worth of crypto across nearly 150 different attacks, according to researchers at TRM Labs.

Crypto exchange Bitget pauses withdrawals after $350 million stolen in hack

Bitget had noticed "unauthorised transfers" from some of its wallets on Thursday and it "temporarily suspended" customer withdrawals, Gracy Chen, CEO of the Seychelles-based company, said in a statement posted on X.

UK fintech Revolut reveals customer data breach

British digital bank Revolut said Wednesday that an impersonation attack caused it to share customers' information with an "unauthorized third party" posing as a government agency. Revolut said it "recently identified a sophisticated external impersonation scam where an unauthorised third party utilised a legitimate government agency domain email to submit fraudulent requests for information."

22-year-old school dropout steals Rs 23,45,67,77,750 in crypto, buys 30 cars, custom Porsches, Lamborghinis and Ferraris, and a watch worth about Rs 20 crore

A Singaporean man admitted his role in a cryptocurrency racketeering operation. This enterprise allegedly stole and laundered over $245 million in digital assets. Social engineering tactics were used to target cryptocurrency holders for theft. The stolen funds were used for luxury purchases like cars and mansions. Lam faces up to twenty years in prison for his involvement.

Meet 22-year-old Malone Lam, the crypto thief who used the alias 'Anne Hathaway'. He spent $245 million in stolen crypto on jets, supercars and clubs

Malone Lam, a young man from Singapore, confessed to orchestrating a significant cryptocurrency theft ring that illicitly acquired and laundered more than $245 million in digital currencies. The crew employed tactics such as social engineering and physical break-ins to carry out these thefts. Their criminal ventures financed an extravagant lifestyle filled with private jets and luxury vehicles.

Party's over for crypto scammers who went on a spending spree after a $240 million bitcoin theft

In a bold social engineering heist, young con artists pilfered over $240 million in bitcoin, leading to an extravagant month of luxury splurges, complete with stylish mansions. The FBI has arrested Malone Lam, alleged leader of the gang, alongside 17 others, underscoring a disturbing trend of cryptocurrency frauds reported to them. With rising criminal activity, law enforcement is intensifying efforts to prosecute these offenders and reclaim the misappropriated assets.

Crypto hackers stole around $1.7 billion in 2023. Key details

Crypto criminals steal over $10bn to date, despite crypto crime slowing down

Crypto security threats cost nearly $730 million in August 2021 alone. An individual stole $610 million of this total in a Poly Network heist, which ended up being the second-largest crypto hack