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:
- As Maze retires, clients turn to Sekhmet ransomware spin-off Egregor
November 4, 2020
As the developers of the Maze ransomware announce their exit from the malware scene, clients are now thought to be turning to Egregor as a substitute. The Maze group has been a devastating force for companies that have fallen victim to the cybercriminals over the past year. What has separated Maze in the past from many other ...
- Ransomware-as-a-Service Becomes Increasingly Accessible via Social Media and Open Sources
November 4, 2020
Hackers need not search the dark web for access to their very own ransomware platforms these days. Cybercriminals are continually finding new ways to promote their underground businesses and gain the attention of new customers and novice hackers. Several threat actors have recently taken to popular social media and open sources like YouTube, Vimeo, and Sellix ...
- GrowDiaries Exposes Emails, Passwords of 1.4M Cannabis Growers
November 4, 2020
A database linked to GrowDiaries, an online community of cannabis growers, has exposed more than a million users’ email addresses, passwords, IP address records and posts. GrowDiaries is a robust online community of cannabis growing enthusiasts from around the world, where they can share tips, tricks and pictures of their progress. On Oct. 10, researcher Volodymyr ...
- REvil ransomware gang ‘acquires’ KPOT malware
November 4, 2020
The operators of the REvil ransomware strain have “acquired” the source code of the KPOT trojan in an auction held on a hacker forum last month. The sale took place after the KPOT malware author decided to auction off the code, desiring to move off to other projects. The sale was organized as a public auction on ...
- Healthcare system facing ‘increased and imminent’ cyber threat
November 3, 2020
Federal agencies warn that cybercriminals are escalating their extortion attempts against the healthcare sector even as hospitals are facing a nationwide surge in Covid-19 cases. In a joint alert, the FBI and two federal agencies warned that they had “credible information of an increased and imminent cybercrime threat to US hospitals and healthcare providers”. The alert ...
- Cybersecurity: One in three attacks are coronavirus-related
November 3, 2020
The UK’s National Cyber Security Centre (NCSC) is ‘stepping up support’ for the National Health Service to help protect UK hospitals and other healthcare organisations against cyberattacks. The NCSC’s Annual Review 2020 reveals that the cyber arm of GCHQ has handled more 200 cyber incidents related to coronavirus during the course of this year – almost ...