Multi-billionaire investor Mark Cuban has confirmed reports that an unauthorized transaction of $870,000 from his MetaMask crypto wallet had resulted in a loss. Sources suggest Cuban was the victim of a crypto scam.
The Federal Bureau of Investigation has reported their findings claiming North Korea’s involvement in a crypto hack on a betting platform which depleted more than $1.5M in a single transaction. North Korea has publicly denied any involvement in the incident.
Binance, a major cryptocurrency exchange, has announced that it will reimburse its users up to $1M for losses caused by a vulnerability in its “Cyber Earn” service. The service has since been discontinued.
State-sponsored attacks on Bitcoin are growing, threatening individuals’ financial privacy. Cybercriminals are increasingly turning to sophisticated methods of exploiting cryptographic weaknesses to access users’ funds. As the safety of the digital currency is undermined, governments are facing an urgent task to identify and mitigate the risks.
FTX has indefinitely suspended multiple user accounts due to concerns of unauthorized access following the recent Kroll cyber breach. No further details have been provided about the affected accounts.
The FBI has raised concerns that North Korean hackers were responsible for a major cryptocurrency attack earlier this month, with over $2.3m in stolen Bitcoin potentially being passed over to the rogue nation.
Cryptocurrency wallet provider Atomic Wallet has been hit with a lawsuit seeking to recover losses associated with the alleged theft of over $100 million in cryptocurrencies. This follows news of a major cyberattack on the wallet that left some users and investors in the lurch.
Terra.money, known for its secure digital transactions, has temporarily frozen its website to protect customers from further phishing scams. The move follows reports of scams on social media and emails which have been circulating since the company’s launch.
DeFi lending platform, Optimism Finance, has suffered a $7M attack resulting in the collapse of yet another crypto bridge. Users are warned to be cautious as their funds may be at risk.
A hacker was able to successfully exploit the cypher protocol, enabling them to access millions of dollars in user funds. It remains to be seen whether the hacker will return the stolen funds.