Smart Contract | Breaking Cybersecurity News | The Hacker News

An ongoing campaign is targeting npm developers with hundreds of typosquat versions of their legitimate counterparts in an attempt to trick them into running cross-platform malware. The attack is notable for utilizing Ethereum smart contracts for command-and-control (C2) server address distribution, according to independent findings from Checkmarx , Phylum , and Socket published over the past few days. The activity was first flagged on October 31, 2024, although it's said to have been underway at least a week prior. No less than 287 typosquat packages have been published to the npm package registry. "As this campaign began to unfold in earnest, it became clear that this attacker was in the early stages of a typosquat campaign targeting developers intending to use the popular Puppeteer, Bignum.js, and various cryptocurrency libraries," Phylum said. The packages contain obfuscated JavaScript that's executed during (or post) the installation process, ultimately le...

Cybersecurity researchers are warning about an increase in phishing attacks that are capable of draining cryptocurrency wallets. "These threats are unique in their approach, targeting a wide range of blockchain networks, from Ethereum and Binance Smart Chain to Polygon, Avalanche, and almost 20 other networks by using a crypto wallet-draining technique," Check Point researchers Oded Vanunu, Dikla Barda, and Roman Zaikin  said . A prominent contributor to this troubling trend is a notorious phishing group called Angel Drainer, which advertises a "scam-as-a-service" offering by charging a percentage of the stolen amount,  typically 20% or 30% , from its collaborators in return for providing wallet-draining scripts and other services. In late November 2023, a similar wallet-draining service known as Inferno Drainer announced that it was  shutting down its operations  for good after helping scammers plunder over $70 million worth of crypto from 103,676 victims sinc...

It's time once again to pay our respects to the once-famous cybersecurity solutions whose usefulness died in the past year. The cybercriminal world collectively mourns the loss of these solutions and the easy access they provide to victim organizations. These solutions, though celebrated in their prime, succumbed to the twin forces of time and advancing threats. Much like a tribute to celebrities lost in the past year, this article will look back at a few of cybersecurity's brightest stars that went dark in the past year.  1. Legacy Multi-Factor Authentication (MFA) Cause of Death: Compromised by sophisticated phishing, man-in-the-middle (MitM), SIM-swapping, and MFA prompt bombing attacks. The superstar of access security for more than twenty years, legacy MFA solutions enjoyed broad adoption followed by almost-universal responsibility for cybersecurity failures leading to successful ransomware attacks. These outdated solutions relied heavily on SMS or email-based codes o...

A group of academics from the University of California, Santa Barbara, has demonstrated what it calls a "scalable technique" to vet smart contracts and mitigate state-inconsistency bugs, discovering 47 zero-day vulnerabilities on the Ethereum blockchain in the process. Smart contracts are  programs  stored on the blockchain that are automatically executed when predetermined conditions are met based on the encoded terms of the agreement. They allow trusted transactions and agreements to be carried out between anonymous parties without the need for a central authority. In other words, the code itself is meant to be the final arbiter of "the deal" it represents, with the program controlling all aspects of the execution, and providing an immutable evidentiary audit trail of transactions that are both trackable and irreversible. This also means that vulnerabilities in the code could result in hefty losses, as evidenced by hacks aimed at  the DAO  and more recently,...

Security researchers have discovered a series of new vulnerabilities in EOS blockchain platform, one of which could allow remote hackers to take complete control over the node servers running the critical blockchain-based applications. EOS is an open source smart contract platform, known as 'Blockchain 3.0,' that allows developers to build decentralized applications over blockchain infrastructure, just like Ethereum. Discovered by Chinese security researchers at Qihoo 360 —Yuki Chen of Vulcan team and Zhiniang Peng of Core security team—the vulnerability is a buffer out-of-bounds write issue which resides in the function used by nodes server to parse contracts. To achieve remote code execution on a targeted node, all an attacker needs to do is upload a maliciously crafted WASM file (a smart contract) written in WebAssembly to the server. As soon as the vulnerable process parser reads the WASM file, the malicious payload gets executed on the node, which could then al...