Features Crypto News by Thebittimes.Com

The Cardano price has tumbled 3% in the last 24 hours to trade at $1.16 as of 11:23 a.m. EST on a 25% pump in trading volume to $1.9 billion. This comes after Cardano Foundation’s X account was compromised on December 8 by a threat actor promoting a fake “ADAsol” token and claiming that the foundation would halt support for Cardano’s ADA due to a lawsuit from the US Securities and Exchange Commision (SEC). Cardano Foundation X account has been hacked. There is no SEC lawsuit and $ADA will not be shut down or burned. Please stop liking and retweeting those tweets. pic.twitter.com/2QawLbYG7Y — Sssebi🦁 (@Av_Sebastian) December 8, 2024 The ADAsol token generated approximately $500K in trading volume and rapidly crashed by 99%, after which Cardano founder Charles Hoskinson confirmed the hack in social media posts. Cardano Price Could Still Soar From Here The ADA/USD chart displays a strong uptrend, particularly noticeable in the steep rally beg...

Against the backdrop of a crypto market in freefall, ETH has found itself an unlikely bidder to the tune of $40 million. Crypto positions worth well over a billion dollars have been liquidated in the last 24 hours, per Coinglass’ dashboard, though some suspect the true figure could be much higher. However, one enterprising hacker saw an opportunity in the bloodbath, scooping up ETH shortly before the token bottomed out at around $2,200, according to data from CoinMarketCap. Hack ers bought $ ETH at the bottom after the market dropped! The # Nomad Bridge Exploiter spent 39.75M $DAI to buy 16,892 $ ETH an hour ago and is depositing $ ETH to https://t.co/11PfRBP2j2.https://t.co/8pwhTFSnLw Crypto bridge #Nomad was exploited for ~$200M on Aug 2, 2022.… pic.twitter.com/9id6bxBR14 — Lookonchain (@lookonchain) August 5, 2024 Read more: Cross-blockchain bridges keep breaking as crypto startup Nomad hacked for $190M Blockchain monitor Lookonchain noted on X (formerly Twitter) th...

South Korean crypto exchange Upbit suspended deposits and withdrawals for SSX tokens after the project’s team alarmed about a $10.2 million heist. Upbit says in a Jan. 29 press release that it is suspending deposits and withdrawals of Somesing (SSX) token following a report that 730 million SSX tokens (over $10.2 million) were hacked and withdrawn to unknown wallets. Upbit, in its announcement, stated that it flagged SSX token s due to a change in the distribution volume of SSX token s compared to the previously submitted distribution plan. The exchange intends to collaborate with the Somesing Foundation to investigate the incident and verify details related to the fund movement. As of press time, the method employed by the hackers to withdraw millions of dollars’ worth of SSX token s remains unclear. You might also like: Crypto investors lost nearly $2b over 600+ incidents in 2023, data shows As crypto.news reported earlier, Somesing Foundation stressed that t...

Details of the supposed hack were being discussed in real time as members of the decentralized autonomous organization (DAO) mulled involving U.S. law enforcement.  The so-called Saga DAO lost a chunk of its treasury. Around $60,000 in Solana (SOL) was lost following a “remote hack” suffered by one of the DAO’s founders, known by the pseudonym zkRedDevil. They claim hackers attacked their home PC and drained assets belonging to the Solana mobile fan club and personal funds. Due to this incident, 700 SOL of the Saga DAO’s money and a separate 50 SOL were transferred from a wallet with multi-signing security measures.  The funds were then sent to another address that many believe is controlled by zkRedDevil. Hello everyone Today is the worst day of my life. Quick summary of the facts. I was the victim of a remote hack (don't know the exact term for this kind of hack) on my pc at home All my personal funds were drained. As far as dao is concerned, I set up a mul...

Ethereum’s co-founder, Vitalik Buterin, has shed light on the unsettling breach of his X (Twitter) account , attributing it to a SIM-swap attack . Sharing his experience on Farcaster, a decentralized social media platform, on Sept. 12, Buterin recounted his ordeal. He stated that the hacker manipulated T-Mobile, the telecommunications service provider, to seize control of his phone number. “Yes, it was a SIM swap, meaning that someone socially-engineered T-mobile itself to take over my phone number.” Vitalik Buterin, co-founder of Ethereum This sophisticated social engineering tactic allowed the hacker to reset the password of Buterin’s X account , even without utilizing it as a two-factor authentication (2FA) method. The Ethereum (ETH) magnate has regained control of his T-Mobile account and urged users to consider removing their phone numbers from X (Twitter) to enhance security. He acknowledged that he had previously encountered advice against using ph...

US judge sentenced a teenage crypto hacker to return stolen BTC worth nearly $5.2 million and a sports car he bought with the illicit funds. The hacker , identified as Wagaafe Hared, is a teenager from Arizona who was part of a crypto theft ring that has operated since 2016. According to The San Francisco Standard, Hared and his two accomplices targeted wealthy tech investors and executives in the San Francisco area, known for its extensive fintech and technology hub. They used SIM swapping, a form of identity theft where an attacker convinces a mobile phone carrier to switch the victim’s phone number to a new SIM card controlled by the attacker. This way, they could access the victims’ email and crypto accounts and drain their funds. Hared was arrested in 2019 after he was caught buying a McLaren sports car with Bitcoin (BTC). He pleaded guilty to 11 counts of wire fraud, identity theft, and computer hacking. He was ordered to forfeit the car and pay restitution to ...

Hacks and attacks on crypto currency networks have become increasingly common. Recently, the South Korean exchange GDAC saw $13 million worth of assets siphoned from its firm. Earlier this week, prominent DeFi protocols Aave and Yearn Finance underwent a major hack . Now, in just a little over 24 hours, a crypto exchange was exploited for a whopping $24.4 million. While Bitrue kept the process of the hack under wraps, it announced on twitter to alert the community about the ordeal. The exchange wrote, 1/4: We have identified a brief exploit in one of our hot wallets on 07:18 (UTC), 14 April 2023. We were able to address this matter quickly and prevented the further exploit of funds. We take this matter seriously and are currently investigating the situation. pic.twitter.com/QioPHSB2DM — Bitrue (@BitrueOfficial) April 14, 2023 The crypto exchange is currently investigating the hack . As of now, the platform brought to light that the exploiters had withdrawn Ethereum [ETH], Quant...