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Hackers Steal $100 Million Cryptocurrency from Binance Bridge

Hackers Steal $100 Million Cryptocurrency from Binance Bridge

Oct 10, 2022
BNB Chain, a blockchain linked to the Binance cryptocurrency exchange, disclosed an exploit on a cross-chain bridge that drained around $100 million in digital assets. "There was an exploit affecting the native cross-chain bridge between BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20 or BSC), known as 'BSC Token Hub,'" it  said  last week. "The exploit was through a sophisticated forging of the low level proof into one common library." According to Binance CEO Changpeng Zhao, the exploit on the cross-chain bridge " resulted in extra BNB ," prompting a  temporary suspension  of the Binance Smart Chain (BSC). "BNB, which stands for 'Build and Build' (formerly called Binance Coin), is the blockchain gas token that 'fuels' transactions on BNB Chain," Binance  noted  earlier this February. No user funds are said to have been impacted, since the vulnerability in the BSC Token Hub bridge enabled the unknown threat actor
U.S. Seizes Cryptocurrency Worth $30 Million Stolen by North Korean Hackers

U.S. Seizes Cryptocurrency Worth $30 Million Stolen by North Korean Hackers

Sep 09, 2022
More than $30 million worth of cryptocurrency plundered by the North Korea-linked Lazarus Group from online video game Axie Infinity has been recovered, marking the first time digital assets stolen by the threat actor have been seized. "The seizures represent approximately 10% of the total funds stolen from Axie Infinity (accounting for price differences between time stolen and seized), and demonstrate that it is becoming more difficult for bad actors to successfully cash out their ill-gotten crypto gains," Erin Plante, senior director of investigations at Chainalysis,  said . The development arrives more than five months after the  crypto hack  resulted in the theft of $620 million from the decentralized finance (DeFi) platform Ronin Network, with the attackers laundering a majority of the proceeds – amounting to $455 million – through the Ethereum-based cryptocurrency tumbler Tornado Cash. The March 2022 cryptocurrency heist resulted in losses totaling 173,600 ETH wort
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FBI Seizes 'SSNDOB' ID Theft Service for Selling Personal Info of 24 Million People

FBI Seizes 'SSNDOB' ID Theft Service for Selling Personal Info of 24 Million People

Jun 08, 2022
An illicit online marketplace known as SSNDOB was taken down in operation led by U.S. law enforcement agencies, the Department of Justice (DoJ) announced Tuesday. SSNDOB trafficked in personal information such as names, dates of birth, credit card numbers, and Social Security numbers of about 24 million individuals in the U.S., generating its operators $19 million in sales revenue. The action saw the seizure of several domains associated with the marketplace — ssndob.ws, ssndob.vip, ssndob.club, and blackjob.biz — in cooperation with authorities from Cyprus and Latvia. According to blockchain analytics firm  Chainalysis , SSNDOB's Bitcoin payment processing system has received nearly $22 million worth of Bitcoin across over 100,000 transactions since April 2015. Furthermore, bitcoin transfers to the tune of more than $100,000 have been unearthed between SSNDOB and  Joker's Stash , another darknet market that specialized in stolen credit card information and voluntarily c
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