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:
- Shadow Brokers Group Releases More Stolen NSA Hacking Tools & Exploits
April 8, 2017
A hackers group that previously claimed to have stolen a bunch of hacking tools (malware, zero-day exploits, and implants) created by the NSA and gained popularity last year for leaking a portion of those tools is back. Today, The Shadow Brokers group released more alleged hacking tools and exploits that, the group claims, belonged to “Equation ...
- Inside the murky world of hackers for hire
April 8, 2017
Shortly after Christmas, 2011, Ruby Nealon sold the Nintendo Wii games console his mother had bought him to fund an Open University course in computer software. He was 11 and it was the start of his unconventional education as a computer prodigy, which led him to drop out of school and start a full time degree ...
- Finance firms to spend more on security as concern over cyber crime soars
April 5, 2017
Over 80pc of financial services firms plan to pump cash into cybersecurity this year, almost double that of last year as fears over cyber attacks swell. Corporate adviser Duff & Phelps, which analysed 200 executives in Europe, Hong Kong and the US, said 86pc of financial services firms intend to spend more time and money on cybersecurity this year. That’s a significant increase on last year, ...
- Lazarus APT Spinoff Linked to Banking Hacks
April 3, 2017
The Lazarus Group, a nation-state level of attacker tied to the 2014 attacks on Sony Pictures Entertainment, has splintered off a portion of its operation to concentrate on stealing money to fund itself. The group, widely believed to be North Korean, has been linked to a February 2016 attack against the Bangladesh Central bank that resulted ...
- New Mirai Variant Carries Out 54-Hour DDoS Attacks
March 30, 2017
A variant of the Mirai malware pummeled a U.S. college last month with a marathon 54-hour long attack. Researchers say this latest Mirai variant is a more potent version of the notorious Mirai malware that made headlines in October, targeting DNS provider Dyn and the Krebs on Security website. The IoT botnet behind the DDoS attacks ...
- Ghana to set up national cyber security council
March 30, 2017
Ghana is to establish a national cyber security council to tackle the increasing rate of cyber crime in the country. The initiative is part of the government’s effort to build a comprehensive cyber security governance arrangement involving all key public and private sector stakeholders. The National Cyber Security Council will be an independent advisory body made ...