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:
- Criminals use trending TikTok challenge to make data-stealing malware invisible
November 29, 2022
Malware-slinging miscreants are taking advantage of a trending TikTok challenge — and viewers’ dirty minds — to spread data-stealing malware via a phony app that’s had more than one million views so far. The new TikTok trend is called Invisible Challenge, and it involves a person filming themself naked while using an effect called Invisible Body ...
- Over a million user accounts ‘stolen’ in South Africa
November 28, 2022
Cyber security firm Kaspersky has warned that over a million company user accounts were compromised using a ‘data stealer’ in South Africa since 2021, and that the data may well have ended up on forums and markets on the dark web. The company said the average price that criminals charge for access to corporate systems in ...
- Major Twitter hack sees 5.4 million phone numbers and email addresses leaked on the dark web
November 28, 2022
More than 5.4 million Twitter user records, including personal phone numbers and email addresses, are up for grabs on the dark web in a massive data dump that some believe the Elon Musk-owned firm is attempting to cover up. The data dump was identified by Chad Loder, the founder of cyber security awareness company Habitu8, who ...
- Decentralized Robbery: Dissecting the Nomad Bridge Hack and Following the Money
November 28, 2022
In this blog post, Mandiant takes a deeper look into how the Nomad bridge smart-contract was exploited and analyzes the on-chain transactions post-compromise using cybercrime prevention company Cyber Team Six’s (CT6) blockchain investigative software, CryptoVoyant. Background In early August 2022, the public observed yet another bridge attack, this time against the Nomad token bridge—a “bridge” allows interoperability ...
- Gangs of cybercriminals are expanding across Africa, investigators say
November 27, 2022
Police and investigators fear organised gangs of fraudsters are expanding across sub-Saharan Africa, exploiting new opportunities as a result of the Covid-19 pandemic and the global economic crisis to make huge sums with little risk of being caught. The growth will have a direct impact on the rest of the world, where many victims of “hugely ...
- Ransomware gang targets Belgian municipality, hits police instead
November 26, 2022
The Ragnar Locker ransomware gang has published stolen data from what they thought was the municipality of Zwijndrecht, but turned out to be stolen from Zwijndrecht police, a local police unit in Antwerp, Belgium. The leaked data reportedly exposed thousands of car number plates, fines, crime report files, personnel details, investigation reports, and more. This type of ...