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Tag: smart contract

  • Schneier on Security: North Korean Hackers Steal $1.5B in Cryptocurrency

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    Kurt Seifried
    in

    Source URL: https://www.schneier.com/blog/archives/2025/02/north-korean-hackers-steal-1-5b-in-cryptocurrency.html Source: Schneier on Security Title: North Korean Hackers Steal $1.5B in Cryptocurrency Feedly Summary: It looks like a very sophisticated attack against the Dubai-based exchange Bybit: Bybit officials disclosed the theft of more than 400,000 ethereum and staked ethereum coins just hours after it occurred. The notification said the digital loot had…

  • Rekt: Infini – Rekt

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    Kurt Seifried
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    Source URL: https://www.rekt.news/infini-rekt Source: Rekt Title: Infini – Rekt Feedly Summary: The perfect DeFi hack. No flash loans, no zero-days. Just a rogue dev who built a backdoor, waited 114 days, then drained $49.5M from Infini with admin privileges. Same old story, new-age incompetence. When will protocols learn that admin keys aren’t toys? AI Summary…

  • Hacker News: The $1.5B Bybit Hack: The Era of Operational Security Failures Has Arrived

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    Kurt Seifried
    in

    Source URL: https://blog.trailofbits.com/2025/02/21/the-1.5b-bybit-hack-the-era-of-operational-security-failures-has-arrived/ Source: Hacker News Title: The $1.5B Bybit Hack: The Era of Operational Security Failures Has Arrived Feedly Summary: Comments AI Summary and Description: Yes Summary: The text discusses a significant operation security breach in the cryptocurrency domain, highlighting how sophisticated attackers, particularly North Korean state-sponsored threat actors, have shifted from exploiting vulnerabilities…

  • Rekt: Ionic Money – Rekt

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    Kurt Seifried
    in

    Source URL: https://www.rekt.news/ionic-money-rekt Source: Rekt Title: Ionic Money – Rekt Feedly Summary: Fake LBTC, real losses. Social engineering artists convinced Ionic Money on Mode Network to accept counterfeit collateral, walked away with $6.9M, and left sister protocols holding toxic bags. Previously exploited twice as Midas – third time rekt’s the charm. AI Summary and Description:…

  • The Register: US accuses Canadian math prodigy of $65M crypto scheme

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    Kurt Seifried
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    Source URL: https://www.theregister.com/2025/02/04/math_prodigy_crypto_scheme/ Source: The Register Title: US accuses Canadian math prodigy of $65M crypto scheme Feedly Summary: Suspect, still at large, said to back concept that ‘code is law’ New York feds today unsealed a five-count criminal indictment charging a 22-year-old Canadian math prodigy with exploiting vulnerabilities in two decentralized finance protocols, allegedly using…

  • Rekt: The Idols NFT – Rekt

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    Kurt Seifried
    in

    Source URL: https://www.rekt.news/ Source: Rekt Title: The Idols NFT – Rekt Feedly Summary: Some reflections are better left unseen. The Idols NFT found out the hard way – never trust a mirror. A flaw in their reward system let an attacker drain 97 stETH ($324k) by setting sender and receiver to the same address. AI…

  • Rekt: Moby Trade – Rekt

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    Kurt Seifried
    in

    Source URL: https://www.rekt.news/mobytrade-rekt Source: Rekt Title: Moby Trade – Rekt Feedly Summary: When your private keys become the white whale, who’s really hunting whom? Moby Trade loses roughly $1 million to a compromised key, while white hats rescue $1.47M from the depths. Some lessons of the sea only need to be learned once. AI Summary…