Over the weekend, hackers stole more than $290 million in cryptocurrency from Kelp DAO, a protocol that allows users to earn yields on idle crypto investments.
By Monday, LayerZero, one of the projects affected by the hack, accused North Korea of carrying out the heist. The hack is now the largest crypto theft of the year so far, following an earlier hack at crypto exchange Drift in April that netted hackers around $285 million.
Read more…
Source: TechCrunch News
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- What the First Autonomous Ransomware Case Confirms
July 24, 2026
Security researchers have documented an AI agent running a full ransomware operation on its own against a live production target, planning, adapting, and executing every step from the first exploit through data destruction. This is early real-world evidence of the shift to autonomous criminal operations that our research forecast. Agent-run attacks change what defenders can rely ...
- CISA has expanded the scope of its alert on Iranian-affiliated hackers attacking critical infrastructure
July 23, 2026
The US Cybersecurity and Infrastructure Security Agency (CISA) has expanded the scope of its alert on Iranian-affiliated hackers attacking critical infrastructure, including water and energy facilities. The original advisory focused on programmable logic controllers (PLCs) manufactured by Rockwell Automation/Allen-Bradley. The update warns that the activity may also target devices from Schneider Electric, Siemens, “and potentially other branded/manufactured PLCs.” The conflict between ...
- Millions of cars could be tracked and unlocked by a hidden security flaw
July 23, 2026
A car alarm vendor’s coding mistake has left millions of vehicles vulnerable to theft and location tracking. Thanks to the way dealers sell car alarms, many affected drivers don’t even know they have one installed. The device is the KARR Security System, a Bluetooth-enabled aftermarket alarm built by Acrisure Protection Group. It’s installed by dealers, primarily ...
- Russian State-Supported Cyber Actors Conduct Phishing Campaign Targeting Users of Zimbra Collaboration Suite
July 23, 2026
A group of Russian state-supported cyber actors has been targeting and compromising various Western government and commercial organizations using the Zimbra Collaboration Suite (ZCS) software since at least July 2025. The Russian state supported advanced persistent threat (APT) group’s activity is tracked in the cybersecurity community under several names (see Cybersecurity industry tracking), primarily as ...
- Experts warn hackers could shut down entire power grids by hijacking cloud accounts
July 21, 2026
Whenever an AI data center thinks really, really hard, it can increase its power consumption so much to trigger disruptions and possibly even blackouts and gear malfunctions. So, is it possible for a malicious actor to trigger this scenario deliberately, in order to cause physical harm? Multiple researchers from the Zhejiang University in Hangzhou, China, wrote ...
- Inside an Exposed WebDAV Malware Delivery Lab
July 20, 2026
An MDR alert recently led our team to an exposed server that was doing more than hosting payloads. It was functioning as a fully operational malware delivery lab. Containing over 1,000 artifacts, the infrastructure served as a QA hub where attackers systematically tested delivery paths, social engineering lures, and WebDAV execution methods. Our analysis reveals an ...