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:
- British Airways breach caused by the same group that hit Ticketmaster
September 11, 2018
A cyber-criminal operation known as Magecart is believed to have been behind the recent card breach announced last week by British Airways. The operation has been active since 2015 when RisqIQ and ClearSky researchers spotted the malware for the first time. The group’s regular mode of operation involves hacking into online stores and hiding JavaScript code that steals payment card information entered ...
- Mirai, Gafgyt IoT botnets stab systems with Apache Struts, SonicWall exploits
September 10, 2018
New variations of Mirai and the Gafgyt botnet are harnessing new vulnerabilities to compromise IoT devices, including the security flaw which caused the 2017 Equifax data breach. On Sunday, researchers from the Palo Alto Networks Unit 42 team said in a blog postthat new variants of the botnets have been upgraded with a slew of exploits designed to ...
- BA hacked: 380,000 card payments ‘compromised’ in breach
September 7, 2018
Shares of British Airways’ parent company IAG fell around 4% as markets opened on Friday morning, hours after the airline said the credit card information of at least 380,000 customers had been “compromised” in a data theft. More than £500m was wiped of the airline group’s market value as a result, before the share price rallied ...
- Cybercrooks home in on infosec’s weakest link – you poor gullible people
September 5, 2018
Cybercrims are ramping up their efforts to target employees through fraudulent email and social media scams, according to a new study by email security firm Proofpoint. Retailers and government agencies saw huge quarter-on-quarter increases in email fraud attempts in calendar Q2, with attacks per company and agency soaring 91 per cent and 84 per cent respectively. ...
- Recent Windows ALPC zero-day has been exploited in the wild for almost a week
September 5, 2018
Two days after a security researcher released details and proof-of-concept code about an unpatched Windows zero-day, one malware group had already incorporated the vulnerability in their exploit chain and was attempting to infect users around the globe. The zero-day used in this malware distribution campaign is a (still-unpatched) vulnerability in the Windows Task Scheduler feature, affecting ...
- FIN6 returns to attack retailer point of sale systems in US, Europe
September 5, 2018
A new malware campaign has been detected which is targeting point-of-sale (PoS) systems across the United States and Europe. On Wednesday, researchers from IBM X-Force IRIS said the attacks have been attributed to the FIN6 cybercriminal group. This is only the second time that a campaign has been documented which appears to be the handiwork of FIN6. According to FireEye (.PDF), ...