Munchables Exploited for $62M Ether, Linked to Rogue North Korean Team Member
The broader crypto community is calling for a controversial chain rollback in a bid to recover funds.
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The broader crypto community is calling for a controversial chain rollback in a bid to recover funds.
A recently issued gaming token on layer-2 network Blast has been exploited with $4.6 million stolen, according to an announcement in the token’s Telegram channel.
Notorious North Korean hackers Lazarus Group has returned to sanctioned coin mixing service Tornado Cash to launder $12 million worth of ether {{ETH}}.
The phishing attempt has already led to $440,000 worth of crypto being stolen.
The federal indictment doesn’t identify Sam Bankman-Fried’s FTX as the pilfered company, but Bloomberg reported that’s who it was.
Saga phone (Danny Nelson/CoinDesk)
The U.S. Securities and Exchange Commission (SEC) confirmed that a hacker took over its X account through a “SIM swap” attack that seized control of a cell phone associated with the account. That allowed the outsider to falsely tweet on January 9 that the agency had approved spot bitcoin exchange-traded funds (ETFs), a day before the agency actually did so.
The failed token transfers spooked some market watchers as they amounted to nearly half of XRP’s $30 billion market capitalization.
SEC logo (Nikhilesh De/CoinDesk)
The issue apparently resulted from a fault in the interaction between Telcoin’s digital wallet and a proxy contract that incorrectly performed certain storage functions.