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:
- Qakbot Resurges, Spreads through VBS Files
May 25, 2020
Through managed detection and response (MDR), we found that a lot of threats come from inbound emails. These messages usually contain phishing links, malicious attachments, or instructions. However, in our daily investigation of email metadata, we often detect threats not just in inbound emails, but even in the users’ own sent items folder. This involves ...
- Threat Spotlight: The Andromeda Botnet
May 22, 2020
The Andromeda botnet, also known as Gamarue or Wauchos, was first introduced to the public in 2011. During this time it was used to distribute large quantities of malware. According to Microsoft the Andromeda botnet was used to spread more than 80 malware families including ransomware, worms, and more. Andromeda is a modular malware, meaning additional components can ...
- Backdoor, Devil Shadow Botnet Hidden in Fake Zoom Installers
May 21, 2020
Cybercriminals are taking advantage of “the new normal” — involving employees’ remote working conditions and the popularity of user-friendly online tools — by abusing and spoofing popular legitimate applications to infect systems with malicious routines. We found two malware files that pose as Zoom installers but when decoded, contains the malware code. These malicious fake ...
- Silent Night Banking Trojan Charges Top Dollar on the Underground
May 21, 2020
A descendant of the infamous Zeus banking trojan, dubbed Silent Night by the malware’s author, has emerged on the scene, with a host of functionalities available in a spendy malware-as-a-service (MaaS) model. Custom builds can run as much as $4,000 per month to use, which researchers say is now placing the code out of the range ...
- NetWalker Ransomware Gang Hunts for Top-Notch Affiliates
May 20, 2020
The NetWalker ransomware – the scourge behind one of the recent Toll Group attacks – has transitioned to a ransomware-as-a-service (RaaS) model, and its operators are placing a heavy emphasis on targeting and attracting technically advanced affiliates, according to researchers. Traditionally, “technically advanced” and RaaS don’t tend to go together – after all, one of the benefits of ...
- NXNSAttack technique can be abused for large-scale DDoS attacks
May 19, 2020
A team of academics from Israel has disclosed today details about NXNSAttack, a vulnerability in DNS servers that can be abused to launch DDoS attacks of massive proportions. According to the research team, NXNSAttack impacts recursive DNS servers and the process of DNS delegation. Recursive DNS servers are DNS systems that pass DNS queries upstream in order to ...