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:
- 6-Year-Old Dorkbot Banking Malware Resurfaces as Big Threat
July 12, 2018
Old banking malware called Dorkbot has reemerged in 2018 to become a serious threat. The banking malware called Dorkbot is back. Samples of the 6-year-old malware are now ranked the second biggest banking malware headache in 2018 so far, according to new data from Check Point. “Dorkbot, known malware that dates back to 2012, has entered back the ...
- Ticketmaster breach ‘part of massive card-skimming campaign’
July 12, 2018
The Ticketmaster breach was not a one-off, but part of a massive digital credit card-skimming campaign. Threat intel firm RiskIQ reckons the hacking group Magecart hit Ticketmaster only as part of a massive credit card card hacking campaign affecting more than 800 ecommerce sites. Magecart has evolved tactically from hacking sites directly, to targeting widely used third-party ...
- Deceased Patient Data Being Sold on Dark Web
July 11, 2018
Why are hackers selling medical records of deceased patients? It is no shocker medical records are a prime target for cybercriminals. But less intuitive is the market for medical records of the deceased on the dark web. We took a closer look at the reason behind this strange trend. Here is what we found. First off, despite ...
- China-based hackers take an interest in Cambodia’s elections
July 11, 2018
A US-based security researcher has accused China of interfering in Cambodia’s forthcoming national election. Security vendor FireEye says it has spotted a large-scale Chinese phishing, intrusion, remote access trojan (RAT), and data exfiltration operation targeting the poll. FireEye attributed the activity to a group dubbed “TEMP.Periscope”, previously more closely associated with targeting American engineering and maritime operations. The FireEye post ...
- Cyber attacks are now a matter of when not if for UK businesses
July 2, 2018
For a growing number of UK companies, being hit by a cyber breach is not a matter of ‘if’ – it’s a matter of ‘when’. This is according to a new report by KPMG based on a poll of 150 UK leaders. When compared to the rest of the world, though, the UK is performing well, as according to ...
- Hotels, airlines and travel sites battle bot attacks
June 27, 2018
Hotels, airlines, cruises and travel sites are under siege from crooks using fake or stolen account details to try to access accounts. Hackers have been using stolen or leaked account details to attempt to log into accounts, using botnets to deliver attacks at industrial scale, according to research by Akamai. Read more… Source: ZDNet