Tag: "hack"

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The Hidden Costs of Blockchain Attacks: A Deep Dive

Permissionless blockchains have always been lauded for their trustless, secure operations. Central to their design is a consensus mechanism where participants incur explicit costs, either through work or stake, to contribute to the network and add blocks. This cost structure was designed to deter attacks by making them prohibitively expensive, especially if a single entity […]

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Sui Blockchain Patches Critical Bug: A Move Protecting Billions

The Sui blockchain network, in a move crucial to the crypto industry, has resolved a significant bug that threatened to compromise billions of dollars. The news came to light on May 16, through an announcement by Zellic, a security firm hired to audit the network’s security. [mini-contact-form] The Vulnerability and Its Potential Impact The Sui […]

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The Shocking Truth Behind the Wallet Draining Operation: Are Your Crypto Assets at Risk?

The blockchain ecosystem is currently facing an alarming security threat, as a shocking wallet draining operation has been stealthily targeting crypto-native individuals for months. The attacker, still unidentified, has siphoned off more than 5,000 ETH and a plethora of tokens, NFTs, and coins across 11 different chains since December 2022. This large-scale operation has left […]

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France Arrests Duo in $9M Platypus Flash Loan Exploit

French authorities have reportedly seized around $220,000 worth of cryptocurrency as part of the arrest of the two individuals suspected of being involved in the attack on Platypus. It’s worth noting that USDC, USDT, and BUSD are all stablecoins that are pegged to the value of fiat currencies like the U.S. dollar, with the aim […]

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“Pegasus” Spyware Found On 37 Prominent Figures’ Phones

In a shocking case of digital privacy breaches, security researchers have discovered evidence of attempted or successful installations of “Pegasus”, a Software designed by the Israeli cybersecurity company NSO Group meant for spying. The program consists of a number of features, including the ability to access text messages, photos, emails, videos, and contact lists, as […]

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Billions of Texts Exposed Following Data Breach

Syniverse, a major telecommunications company that manages the text and telecommunications infrastructure for many carriers, including Verizon and AT&T has suffered from a major data breach, which leaves billions of texts from the last 5 years exposed to hackers. The company announced on September 27th in an SEC filing that an investigation led by the […]

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T-Mobile Hit With Data-stealing Hack

On August 18, Internet Service Provider T-Mobile suffered a data breach that leaked data of more than 50 million of its customers. Names, birthdays, drivers licenses and Social Security Numbers of 40 million current and previous customers were stolen, as well as 850,000 active customers’ names, phone numbers and account PINs. According to Vice, the […]