Iran’s largest crypto exchange, Nobitex, said Wednesday that it was hacked and funds have been drained from its hot wallet.
In a statement on its website translated by TechCrunch, Nobitex said it detected unauthorized access to its infrastructure and hot wallet, in which the company stores a portion of its customers’ cryptocurrency. The company said it was investigating the incident, and that its website and app would be unavailable for the foreseeable future. Public records show the hackers stole at least $90 million of the company’s assets over multiple transactions. Blockchain analysis firm Elliptic said the hackers “burned” the stolen funds by sending the crypto to inaccessible wallets, effectively taking the money out of circulation.
Read more…
Source: TechCrunch News
Sign up for our Newsletter
The latest news and insights delivered right to your inbox.
Related:
- Dish confirms 300,000 people’s data was exposed in February’s attack
May 23, 2023
Dish Network has admitted that a February cybersecurity incident and associated multi-day outage led to the extraction of data on nearly 300,000 people, while also appearing to indirectly admit it may have paid cybercriminals to delete said data. Dish customers can rest easy, at the very least, as the company said in a sample letter posted ...
- Dorchester school IT system held to ransom in cyber attack
May 23, 2023
A school has been left unable to use email or accept payments following a cyber attack. Thomas Hardye School in Dorchester said its screens and systems had been locked since being targeted on Sunday. It said the attack was accompanied by a ransom demand, payable on the dark web. Read more… Source: BBC News
- Don’t @ Me: URL Obfuscation Through Schema Abuse
May 22, 2023
A technique is being used in the distribution of multiple families of malware that obfuscates the end destination of a URL by abusing the URL schema. Mandiant tracks this adversary methodology as “URL Schema Obfuscation”. The technique could increase the likelihood of a successful phishing attack, and could cause domain extraction errors in logging or security ...
- Cyber Signals: Shifting tactics fuel surge in business email compromise
May 19, 2023
Today Microsoft released the fourth edition of Cyber Signals highlighting a surge in cybercriminal activity around business email compromise (BEC). Microsoft has observed a 38 percent increase in cybercrime as a service (CaaS) targeting business email between 2019 and 2022. Successful BEC attacks cost organizations hundreds of millions of dollars annually. In 2022, the FBI’s Recovery ...
- Man jailed for running multimillion-pound criminal website iSpoof
May 19, 2023
The man responsible for running a multimillion-pound fraud website, used by scammers to trick people into handing over their bank details, has been jailed. Tejay Fletcher, 35, pleaded guilty to running iSpoof, a website that allowed criminals and fraudsters to appear as if they were calling from banks, tax offices and other official bodies in an ...
- Is your car safe from a cyber attack?
May 17, 2023
In January 2022, 19-year-old David Colombo from Dinkelsbühl, Germany, announced via Twitter that he had been able to hack at least 25 Tesla vehicles in 13 countries and partially take them over. “So, I now have full remote control of over 25 Teslas in 13 countries and there seems to be no way to find ...