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South Korean prosecutors have identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Do Kwon and his associates. Out of the $314 million identified illicit assets, prosecutors have linked about 91.4 billion won ($69 million) of the specified amount to Kwon.Although Kwon amassed millions, none
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A large portion of the roughly $573,000 pilfered from the multichain token bridge Allbridge has been returned after the exploiter seemingly took up the project’s offer for a white hat bounty and no legal retaliation. Allbridge tweeted on April 3 that it received a message from an individual and 1,500 BNB
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The North Korean cybercrime operator APT43 is using cloud computing to launder cryptocurrency, a report from cybersecurity service Mandiant has found. According to the researchers, the North Korean group uses “stolen crypto to mine for clean crypto.”Mandiant, a Google subsidiary, has been tracking the North Korean Advanced Persistent Threat (APT)
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The group is "moderately sophisticated" and supports the strategic and nuclear objectives of the North Korean regime, according to Mandiant. It uses the proceeds from cybercrime to fund its operations, which target South Korean and U.S. government organizations, academics and think tanks focused on the geopolitics of the Korean peninsula,
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The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the majority of the stolen assets, according to on-chain data. In a transaction on March 25, the exploiter returned 51,000 Ether (ETH) worth around $88 million at the time of writing. A second transfer of 7,737 ETH
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EUL tokens jumped 47% on the transfer of tokens. Source
Read MoreLast year, $4.17 billion were stolen in 199 incidents, the firm said, a higher estimate than Chainalysis' data showing $3.8 billion stolen in 2022. With time, as more information about criminal activity emerges, these estimates may grow, Chainalysis said when it released the data in February. Original Source
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Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting
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General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based crypto automated teller machine (ATM) operators to temporarily shut
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