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 underground forums launch competitions for cryptocurrency, NFT hacks
June 2, 2021
Cybercriminals in underground forums have been soliciting techniques for compromising cryptocurrency services. Capture the Flag competitions, conference calls for papers, and gamification in cybersecurity courses designed to equip learners with hands-on skills are all common in the white hat realm, but in opposition, contests are also being launched by cybercriminals to create new offensive techniques. Read more… Source: ...
- Australian Cyber Security Centre using classified capabilities to warn local entities of impending ransomware hit
June 2, 2021
While the Australian Cyber Security Centre (ACSC) is engaged in helping a local organisation remove and recover from a ransomware hit or cyber attack, its overseer, the Australian Signals Directorate (ASD) is able to use its more secretive powers to find out if any other organisations are on the attackers hit list. Speaking about the attack ...
- Cyber-Insurance Fuels Ransomware Payment Surge
June 1, 2021
Ransomware victims are increasingly falling back on their cyber-insurance providers to pay the ransom when they’re hit with an extortion cyberattack. But security researchers warn that this approach can quickly become problematic. In the first half of 2020, ransomware attacks accounted for 41 percent of the total number of filed cyber-insurance claims, according to a Cyber Claims Insurance ...
- Swedish Health Agency shuts down SmiNet after hacking attempts
May 31, 2021
The Swedish Public Health Agency (Folkhälsomyndigheten) has shut down SmiNet, the country’s infectious diseases database, on Thursday after it was targeted in several hacking attempts. SmiNet, which is also used to store electronic reports with statistics on COVID-19 infections, was shut down on Thursday to investigate the attacks and was brought back online on Friday evening. Read ...
- JBS USA cyber attack affecting North American and Australian systems
May 31, 2021
United States-based food processing company JBS USA has confirmed falling victim to a cyber attack, with the aftermath affecting its North American and Australian systems. “On Sunday, May 30, JBS USA determined that it was the target of an organised cybersecurity attack, affecting some of the servers supporting its North American and Australian IT systems,” it ...
- Brazil approves stricter legislation to tackle online crime
May 31, 2021
The Brazilian government has passed new legislation introducing tougher measures against fraud and crimes perpetrated in the digital environments. According to the law 14.155 sanctioned last Thursday (27), the Brazilian Penal Code has been altered to add more stringent penalties in relation to device invasion, theft and misconduct in digital media environments, as well as crimes ...