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:
- Russian cyber attack on Lithuania unlikely to provoke military response
June 28, 2022
A NATO member is under attack. Normally the meaning of this would be frighteningly clear, but this is an attack with a difference: not a physical attack, but a cyber attack; and working out what a cyber attack means is never simple. The NATO member in question is the Baltic state of Lithuania, which was targeted on ...
- Conti vs. LockBit: A Comparative Analysis of Ransomware Groups
June 27, 2022
Trend Micro has been monitoring the leak sites of multiple ransomware groups since November 2019 and continuously looking at the number and composition of organizations that have been victimized and whose information has been publicized by these groups. As a result of their research thus far, Conti and LockBit stand out in terms of their ...
- Russian hackers claim responsibility for cyberattack on Lithuania
June 27, 2022
Russian hacker group Killnet has claimed responsibility for a denial-of-service (DDOS) cyberattack on Lithuania, saying it was in response to the decision by Vilnius to block the transit of some sanctioned goods to the Russian exclave of Kaliningrad. Lithuanian state and private institutions were hit by the denial-of-service cyberattack on Monday, the Baltic country’s National Cyber ...
- Clever phishing method bypasses MFA using Microsoft WebView2 apps
June 26, 2022
A clever, new phishing technique uses Microsoft Edge WebView2 applications to steal victim’s authentication cookies, allowing threat actors to bypass multi-factor authentication when logging into stolen accounts. With the large number of data breaches, remote access trojan attacks, and phishing campaigns, stolen login credentials have become abundant. However, the increasing adoption of multi-factor authentication (MFA) has made ...
- Automotive fabric supplier TB Kawashima announces cyberattack
June 25, 2022
TB Kawashima, part of the Japanese automotive component manufacturer Toyota Boshoku of the Toyota Group of companies, announced that one of its subsidiaries has been hit by a cyberattack. The company did not confirm but there is reason to suspect that it is dealing with an attack from the LockBit ransomware group. TB Kawashima is a manufacturer ...
- We’re now truly in the era of ransomware as pure extortion without the encryption
June 25, 2022
US and European cops, prosecutors, and NGOs recently convened a two-day workshop in the Hague to discuss how to respond to the growing scourge of ransomware. “Only by working together with key law enforcement and prosecutorial partners in the EU can we effectively combat the threat that ransomware poses to our society,” said US assistant attorney ...