All articles tagged with #crypto hack
Normie crypto experienced a 90% decline in value due to a flash loan attack that exploited a loophole in its contract tax mechanism. The hacker demanded a 10% bug bounty and proposed using 600 ETH from the dev wallet to launch a new token for reimbursing holders. The developers agreed to the terms, and the incident highlighted vulnerabilities in many memecoins.
Three individuals have been indicted for an identity theft conspiracy involving a $400 million hack from FTX cryptocurrency exchange. The alleged ringleader, Robert Powell, along with Carter Rohn and Emily Hernandez, are charged with wire fraud, aggravated identity theft, and access device fraud. The scheme involved stealing personal information, creating fake IDs, and accessing victims' accounts to steal money and data. The indictment aligns with details publicly known about the theft from FTX, which was collapsing at the time of the attack. Former FTX Chief Sam Bankman-Fried was convicted in November 2023 of conspiracy and wire fraud charges related to stealing $10 billion or more from customers.
Billionaire Mark Cuban has reportedly been hacked, with $870,000 worth of digital assets stolen from his MetaMask wallet, including Ethereum, staked Ether, SuperRare, Ethereum Name Service tokens, and stablecoins. Cuban suspects that he downloaded a compromised version of MetaMask, and the hack occurred when he logged into his account from his phone. He has since taken measures to secure his other assets and accounts.