Phemex, a cryptocurrency exchange, experienced a significant security breach, resulting in the theft of over $85 million in cryptocurrency. The attack led the exchange to immediately suspend deposits and withdrawals while ensuring that cold wallets remained secure. Phemex’s CEO, Federico Variola, confirmed they detected unusual activity in their hot wallet on January 23. The stolen ...
Phemex, a cryptocurrency exchange, faced a severe security breach on January 23, where over $85 million in crypto was stolen. The exchange quickly suspended deposits and withdrawals and assured users that cold wallets were safe while only hot wallets were affected. Phemex’s CEO, Federico Variola, stated that they acted promptly to isolate the problem and ...
On Friday, the U.S. Department of Justice indicted three Russian individuals—Roman Ostapenko, Alexander Oleynik, and Anton Tarasov—for allegedly running cryptocurrency services that assisted criminals in laundering money. They were linked to two mixers, Bender.io and Sinbad.io, which the Justice Department claims were used to hide funds from crimes such as ransomware and wire fraud. Bender.io ...
On December 24, 2024, authorities from Japan and the U.S. revealed that North Korean cyber actors were responsible for the $308 million cryptocurrency heist from DMM Bitcoin in May 2024. This operation, linked to a group known as TraderTraitor, involved sophisticated social engineering tactics targeting multiple employees at once. The attackers used manipulated recruitment approaches ...
In 2024, a staggering $2.2 billion in cryptocurrency was stolen, according to Chainalysis’ Crypto Crime Report. Over half of this theft, around $1.34 billion, was linked to hackers from North Korea, occurring through a series of 47 hacking incidents. This year saw a notable shift in hacking targets, with centralized services becoming more frequent victims ...
