crypto hack


Finance

Crypto’s worst year for hacks wasn’t a smart contract issue. It was a people problem.

In an exclusive interview with CoinDesk, Immunefi’s CEO, Mitchell Amador, said onchain security is improving despite losses continuing to rise.

(Clint Patterson/Unsplash)

Tech

Bitfinex hacker Ilya Lichtenstein credits Trump’s First Step Act for early prison release

The U.S. hacker pleaded guilty to stealing and laundering nearly 120,000 bitcoin from cryptocurrency exchange Bitfinex in 2016.

Ilya Lichtenstein, who pleaded guilty with wife Heather Morgan in the plundering of Bitfinex, is now testifying against the mixer he used. (Alexandria Sheriff's Office)

Policy

China Accuses U.S. of Stealing 127K BTC in High-Profile Crypto Hack

CVERC claims the hack was conducted by a "state-level hacking organization" and suggests the U.S. seizure was part of a larger operation involving the same attackers.

Glasses in front of monitors with code (Kevin Ku/Unsplash/Modified by CoinDesk)

Tech

Arkham Says $3.5B LuBian Bitcoin Theft Went Undetected for Nearly Five Years

Arkham, a blockchain analytics firm, says it uncovered a five-year-old theft of 127,000 BTC from LuBian, a major 2020 mining pool.

Hacker sitting in a room

Web3

Indian Crypto Exchange CoinDCX Suffers $44M Hack

The timing of the hack carries an unsettling echo: it occurred exactly one year after another Indian exchange, WazirX, was hacked for $235 million.

Glasses in front of monitors with code (Kevin Ku/Unsplash)

Markets

Crypto Exchange BigONE Confirms $27M Hack, Vows Full User Compensation

BigONE is working with blockchain security firm SlowMist to track the stolen assets, with fund tracing already underway across Bitcoin, Ethereum, Tron, Solana, and BNB Chain.

Hacker working on two laptops (Azamat E/Unsplash)

Finance

Abracadabra Drained of $13M in Exploit Targeting Cauldrons Tied to GMX Liquidity Tokens

The attack targeted pools tied to GMX liquidity tokens, specifically “cauldrons” using GM tokens as collateral.

Glasses in front of monitors with code (Kevin Ku/Unsplash)

Tech

Ripple Co-founder’s $150M XRP Heist Related to LastPass Hack: ZachXBT

Larsen confirmed the incident in January, where he clarified the hack affected only his personal accounts, not Ripple’s corporate wallets.

money wallet

Markets

Bybit CEO Says 77% of Stolen Funds From Record $1.4B Hack Still Traceable

Some 417,348 ETH, valued at approximately $1 billion remain traceable on the blockchain after being moved using privacy-focused THORChain.

A hooded figure sits typing on a laptop in a darkened (Pixabay)

Markets

Payments Card Issuer Infini Offers Reward for Return of Funds After $49 Million Exploit

The neobank offered the perpetrator 20% of the stolen funds to return the money within 48 hours, threatening legal action otherwise.

Glasses in front of monitors with code (Kevin Ku/Unsplash)