144 hack event(s)
Description of the event: IRA Financial Trust, South Dakota’s self-directed retirement account provider, has filed a lawsuit against crypto trading platform Gemini Trust Company (Gemini), alleging huge losses to the IRA as a result of Gemini’s security glitch. In February 2022, $36 million in crypto assets held by Gemini and belonging to customer retirement accounts was stolen. The lawsuit also claims that Gemini did not have adequate safeguards to protect customers’ crypto assets, failed to freeze accounts immediately after the incident, and instead allowed criminals to continue to transfer funds from customer accounts on Gemini’s trading platform after the IRA notified Gemini Middle-to-outward transfer.
Amount of loss: $ 36,000,000 Attack method: Wallet Stolen
Description of the event: On February 8, the LockBit ransomware group claimed to have stolen substantial customer data from cryptocurrency exchange PayBito. PayBito is a cryptocurrency exchange operated by HashCash, a global blockchain, and IT services company. Some of the stolen data is published on the group's Tor leak site. In this cyberattack, the ransomware group successfully stole a database containing personal data information from more than 100,000 customers worldwide. In addition, the group also stole some email data and password hashes, some of which can easily be decrypted. To make matters worse, the gang also managed to steal the administrator's personal data, claiming that the stolen data would be released on February 21, 2022, if the ransom is not paid.
Amount of loss: - Attack method: Ransomware
Description of the event: On March 1, ZachXBT, an on-chain data analyst, tweeted: "Indian cryptocurrency exchange Bitbns concealed a $7.5 million hack from its users on February 1, 2022, and informed users that it was system maintenance." According to CryptoSlate, Bitbns CEO Gaurav Dahake admitted in an AMA session that the exchange had indeed been hacked. But Dahake claims the system was taken offline to analyze anomalies, not to hide hacking. He also said that exchanges improve their security systems after such incidents, and that Bitbns has been operating "seamlessly" since the attack. Still, Dahake would not confirm the amount of assets stolen from the exchange in the attack.
Amount of loss: $ 7,500,000 Attack method: Wallet Stolen
Description of the event: According to the Crypto.com investigation report, “On January 17, 2022, Crypto.com learned that a small number of users had made unauthorized withdrawals of cryptocurrencies on their accounts. Crypto.com immediately suspended all token withdrawals to initiate the investigation and remained open 24/7 Work to resolve the issue. No clients suffered loss of funds. In most cases we blocked unauthorized withdrawals and in all other cases clients were fully reimbursed. The incident affected 483 Crypto. com users. Unauthorized withdrawals totaled 4,836.26 ETH, 443.93 BTC and approximately $66,200 in other currencies.”
Amount of loss: $ 34,000,000 Attack method: Permission Stolen
Description of the event: The LCX exchange tweeted that LCX's technical team detected an unauthorized access on the LCX platform, nearly $8 million in encrypted assets were stolen, and about 60% were frozen.
Amount of loss: $ 8,000,000 Attack method: Wallet Stolen
Description of the event: According to the official announcement, some ERC-20, BSC and Polygon tokens of AscendEX were abnormally transferred out of the hot wallet of the exchange, and the cold wallet of AscendEX was not affected by this incident. It is estimated that Pinnacle AscendEX’s losses totaled US$77.7 million (of which US$60 million was on Ethereum, US$9.2 million was on BSC, and US$8.5 million was on Polygon).
Amount of loss: $ 77,700,000 Attack method: Wallet Stolen
Description of the event: The payment system of ONUS, the largest cryptocurrency trading platform in Vietnam, running a vulnerable version of Log4j suffered a cyber attack. Cyclos notified ONUS to repair the system on December 13, but it was too late. Although ONUS has fixed the security loopholes in the Cyclos instance, the window of loopholes allowed attackers to successfully steal data from sensitive databases. The stolen database contained nearly 2 million user data, including KYC (Know Your Customer) data, hashed passwords, etc. Subsequently, the attacker asked ONUS to pay a ransom of 5 million, otherwise the stolen data would be made public. On December 25, because ONUS did not pay the full ransom, the attackers sold customer data on the dark web data exchange market.
Amount of loss: - Attack method: Ransomware
Description of the event: BitMart founder and CEO Sheldon Xia tweeted to admit that a large-scale security breach occurred on the platform, and hackers were able to extract assets worth about US$150 million. The affected ETH hot wallet and BSC hot wallet carry a small amount of assets on BitMart, and the other wallets are safe and undamaged.
Amount of loss: $ 150,000,000 Attack method: Wallet Stolen
Description of the event: According to a notification letter submitted by Coinbase to the California Attorney General’s Office to affected customers, a vulnerability that allows hackers to bypass Coinbase’s multi-factor authentication SMS option has affected at least 6,000 Coinbase users between March and May 2021. During the 20th day, hackers took advantage of this omission to access the accounts of affected users and transfer user funds from Coinbase. After Coinbase learned of this issue, it immediately updated its SMS account recovery agreement to prevent hackers from further bypassing the authentication process. In addition, Coinbase will deposit funds of the same value into the accounts of affected users. Coinbase has also been working closely with law enforcement agencies and is conducting an internal investigation into the incident.
Amount of loss: - Attack method: Security Mechanism Issue
Description of the event: The non-custodial exchange DeversiFi released a post-mortem analysis report for the previous gas transaction that included 7676.62 ETH, saying that the potential problems in the EthereumJS library are combined with the gas fee changes related to the EIP-1559 upgrade in some cases, and the Ledger hardware wallet may exist The display problem of, may lead to extremely high transaction fees. When this happens, only wallets with very large funds will be affected, and other users will display transaction failures during transactions. In addition, after Bitfinex negotiated with the miners, the miners had returned 7,626 ETH, and the remaining 50 ETH was provided to the miners as a refund fee. It was previously reported that a major wallet on the Bitfinex exchange made a $100,000 USDT transfer with a total of 7676.62 ETH (approximately US$23.54 million) in Gas fees. The final recipient was a non-custodial spin-off from Bitfinex in 2019. Exchange DeversiFi.
Amount of loss: 50.62 ETH Attack method: Handle inventory defects with fixed precision and extended value range
Description of the event: The Bilaxy exchange tweeted that the hot wallet was hacked and lost approximately 296 tokens (including ETH).
Amount of loss: $ 21,709,378 Attack method: Wallet Stolen
Description of the event: Liquid, a Japanese-based cryptocurrency exchange, said its hot wallet was attacked and it was transferring assets to cold wallets. It is currently investigating and has suspended its deposit and withdrawal services.
Amount of loss: $ 91,350,000 Attack method: Wallet Stolen
Description of the event: According to Bloomberg News, the founder of the cryptocurrency investment platform Africrypt lost contact and 69,000 bitcoins (currently valued at approximately US$2.3 billion) on the platform were transferred. At 4 o'clock, Ameer Cajee, chief operating officer of Africrypt, told the client that the platform was hacked and asked them not to report the lost funds to the authorities. The investor has since hired a lawyer to conduct an investigation, but the lawyer has not been able to contact the founder of the company and has notified the South African Criminal Investigation Department. In addition, the lawyer found that funds on the Africrypt platform were transferred from their accounts and customer wallets, and made it untraceable through the Bitcoin mixer.
Amount of loss: $ 2,300,000,000 Attack method: Scam
Description of the event: Hotbit said that it suffered a serious cyber attack on April 29th, which caused a large number of basic services to be paralyzed. At the same time, the attacker tried to hack into Hotbit's wallet, but this behavior was identified and blocked by the risk control system. Since the attacker could not access any cryptocurrency assets, he deleted Hotbit's database. Hotbit is currently checking the authenticity and security of the backup data, and will restore servers and services later. At the same time, Hotbit claimed that the attackers obtained plaintext customer information stored in the database, including mobile phone numbers, email addresses, and encrypted currency asset data. Therefore, it is recommended that users pay attention to prevent phishing attacks.
Amount of loss: - Attack method: Network attacks
Description of the event: At 00:35 on April 24th, SBF, the co-founder of the FTX exchange, tweeted that the website suffered a small DDOS attack. User funds and core systems will not be affected, only the throughput of API and GUI will be affected.
Amount of loss: - Attack method: DDoS Attack
Description of the event: Six siblings of Turkish exchange Thodex executives and CEO have been formally arrested, a Turkish court said. And Thodex CEO Faruk Fatih Özer disappeared, leaving behind a collapsed exchange with total losses estimated to range from $24 million to $2.5 billion. Faruk was arrested in August more than a year after fleeing Turkey. In September 2023, Faruk and his siblings were sentenced to 11,196 years in prison and will also pay a fine of 135 million lira (approximately $5 million).
Amount of loss: $ 2,500,000,000 Attack method: Scam
Description of the event: According to BSC news, Turtle.dex has run away, taking away about 9,000 BNB, worth more than 2 million U.S. dollars, and the website and telegram group have been deleted. BSC news refers to this as a well-thought-out and planned running behavior. At present, part of the funds have been converted into ETH to enter the Binance Exchange, and investors are urging Binance to freeze related accounts. On March 15th, in response to the question of whether it would run away, Turtle officially stated: No, because the turtles have short hands. Note: Turtle means sea turtle.
Amount of loss: 9,000 BNB Attack method: Rug Pull
Description of the event: According to Stuff.co.nz, hackers took approximately 62,000 New Zealand dollars (45,000 USD) worth of cryptocurrency from the troubled exchange. The investigation revealed that the hacker accessed a dormant wallet that belongs to the US-based blockchain company Stakenet and is controlled by Grant Thornton, the liquidator of Cryptopia. According to the survey results, the dormant wallet holds XSN worth approximately US$1.96 million, which is the native token of Stakenet.
Amount of loss: $ 45,000 Attack method: Unknown
Description of the event: Bitcoin trading market KeepChange stated that the exchange received a request for withdrawal from a customer's account to an address belonging to the attacker, and a control subsystem of the platform suspended the request, resulting in no loss of Bitcoin. However, the attackers stole some customer data, including email addresses, names, number of transactions, total transaction amounts, and passwords.
Amount of loss: - Attack method: Information Leakage
Description of the event: User information of BuyUCoin, an Indian cryptocurrency exchange, was leaked, and personal data of more than 325,000 people appeared in the database of the hacker organization. According to Indian news media Inc42, a hacker group called ShinyHunters placed a database containing the names, phone numbers, email addresses, tax identification numbers and bank account information of more than 325,000 BuyUCoin users.
Amount of loss: - Attack method: Information Leakage