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:
- US Coast Guard discloses Ryuk ransomware infection at maritime facility
December 30, 2019
An infection with the Ryuk ransomware took down a maritime facility for more than 30 hours; the US Coast Guard said in a security bulletin it published before Christmas. The agency did not reveal the name or the location of the port authority; however, it described the incident as recent. “Forensic analysis is currently ongoing but the virus, ...
- FIN7 Hackers’ BIOLOAD Malware Drops Fresher Carbanak Backdoor
December 27, 2019
Malware researchers have uncovered a new tool used by the financially-motivated cybercriminal group known as FIN7 to load fresher builds of the Carbanak backdoor. Dubbed BIOLOAD, the malware loader has a low detection rate and shares similarities with BOOSTWRITE, another loader recently identified to be part of FIN7’s arsenal. The malware relies on a technique called binary planting that ...
- Ransomware Hits Maastricht University, All Systems Taken Down
December 27, 2019
Maastricht University (UM) announced that almost all of its Windows systems have been encrypted by ransomware following a cyber-attack that took place on Monday, December 23. UM is a university from the Netherlands with over 18,000 students, 4,400 employees, and 70,000 alumni, UM being placed in the top 500 universities in the world by five ranking tables in the last two ...
- This ‘grab-bag’ hacking attack drops six different types of malware in one go
December 19, 2019
A high-volume hacking campaign is targeting organisations around the world with attacks that deliver a ‘grab-bag’ of malware that includes information-stealing trojans, a remote backdoor, a cryptojacker and a cryptocurrency stealer. Uncovered by researchers at Deep Instinct, the combination of the volume of attacks with the number of different malware families has led to the campaign being named ‘Hornet’s Nest’. The ...
- Frankfurt shuts down IT network following Emotet infection
December 19, 2019
Frankfurt, one of the largest financial hubs in the world and the home of the European Central Bank, has shut down its IT network this week following an infection with the Emotet malware. Frankfurt is the fourth German entity that shut down its IT network in the past two weeks because of Emotet. The other three are ...
- DDoS Attacks and IoT Exploits: New Activity from Momentum Botnet
December 16, 2019
Trend Micro recently found notable malware activity affecting devices running Linux, a platform that has battled numerous issues just this year. Further analysis of retrieved malware samples revealed that these actions were connected to a botnet called Momentum (named for the image found in its communication channel). We found new details on the tools and techniques ...