Binance Square

黑客攻击

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神探狂人
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Bearish
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$ZBT What kind of good person can someone who supports scams in Cambodia be? Just a passerby 😂 Everyone likes to scam the leeks and cut their money 😂🤣🤣#黑客攻击
$ZBT What kind of good person can someone who supports scams in Cambodia be? Just a passerby 😂 Everyone likes to scam the leeks and cut their money 😂🤣🤣#黑客攻击
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The ZEROBASE platform frontend has been hacked, and users are advised to revoke authorization 🚨🚨! The Binance wallet team has issued a security announcement confirming that the ZEROBASE platform frontend has been compromised, leading users to unwittingly authorize malicious contracts. The ZEROBASE frontend was disguised and hacked, with attackers using phishing contracts to steal over $250,000 USDT. According to Slow Mist founder Yu Xian's disclosure with ZEROBASE on platform X: The malicious contract 'Vault' (0x0dd2..2396) on the BSC chain lured users into authorizing USDT by disguising the ZEROBASE frontend, Suspected to be due to the attack on the ZEROBASE frontend, and not an issue with the Binance Web3 wallet. Currently, hundreds of addresses have been affected, with the largest single loss reaching $123,000, and the stolen funds have been transferred to ETH address 0x4a57..fc84. ZEROBASE has activated an authorization detection mechanism, and the community is calling for a quick revocation of risky authorizations via revoke.cash. To ensure user asset safety, the Binance wallet has taken three emergency measures: blocking suspected malicious website domains, blacklisting related malicious contracts, and committing to send alerts to potentially affected users within 30 minutes. Previously, ZEROBASE had announced that phishing contracts had appeared on the BNB Chain, impersonating its official interface to deceive users into granting USDT authorization. The Binance wallet strongly advises users to immediately open the wallet application, check the authorization options on the asset page, and revoke any suspicious authorizations to prevent asset loss #黑客攻击 #ZEROBEASE
The ZEROBASE platform frontend has been hacked, and users are advised to revoke authorization 🚨🚨!
The Binance wallet team has issued a security announcement confirming that the ZEROBASE platform frontend has been compromised, leading users to unwittingly authorize malicious contracts.
The ZEROBASE frontend was disguised and hacked, with attackers using phishing contracts to steal over $250,000 USDT.
According to Slow Mist founder Yu Xian's disclosure with ZEROBASE on platform X:
The malicious contract 'Vault' (0x0dd2..2396) on the BSC chain lured users into authorizing USDT by disguising the ZEROBASE frontend,
Suspected to be due to the attack on the ZEROBASE frontend, and not an issue with the Binance Web3 wallet. Currently, hundreds of addresses have been affected, with the largest single loss reaching $123,000, and the stolen funds have been transferred to ETH address 0x4a57..fc84.
ZEROBASE has activated an authorization detection mechanism, and the community is calling for a quick revocation of risky authorizations via revoke.cash.

To ensure user asset safety, the Binance wallet has taken three emergency measures: blocking suspected malicious website domains, blacklisting related malicious contracts, and committing to send alerts to potentially affected users within 30 minutes. Previously, ZEROBASE had announced that phishing contracts had appeared on the BNB Chain, impersonating its official interface to deceive users into granting USDT authorization. The Binance wallet strongly advises users to immediately open the wallet application, check the authorization options on the asset page, and revoke any suspicious authorizations to prevent asset loss #黑客攻击 #ZEROBEASE
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3,000,000 USDT instantly evaporated! 'Pasting' turned out to be a wealth killer Before a business trip, he had his wife transfer funds. After landing, the balance of 3,000,000 USDT shockingly went to zero! After reporting to the police, he learned that it was a family member's action and was classified as a civil dispute. His wife was devastated, claiming she only pasted the mnemonic phrase. The truth is alarming, and the issue lies in that 'pasting'. He stored the mnemonic phrase in WeChat, his wife's old Android phone had not changed its password for years, the WiFi had not been changed for three years, and there was a 'financial assistant' plugin. This 'death combination' allowed hackers to listen in on the clipboard in real time. The moment the mnemonic phrase was pasted, the gateway to wealth opened, and money was instantly transferred with no transaction record. The cryptocurrency world continuously guards against such painful lessons, with three crucial rules embedded in its DNA.

3,000,000 USDT instantly evaporated! 'Pasting' turned out to be a wealth killer

Before a business trip, he had his wife transfer funds. After landing, the balance of 3,000,000 USDT shockingly went to zero! After reporting to the police, he learned that it was a family member's action and was classified as a civil dispute. His wife was devastated, claiming she only pasted the mnemonic phrase. The truth is alarming, and the issue lies in that 'pasting'.
He stored the mnemonic phrase in WeChat, his wife's old Android phone had not changed its password for years, the WiFi had not been changed for three years, and there was a 'financial assistant' plugin. This 'death combination' allowed hackers to listen in on the clipboard in real time. The moment the mnemonic phrase was pasted, the gateway to wealth opened, and money was instantly transferred with no transaction record.
The cryptocurrency world continuously guards against such painful lessons, with three crucial rules embedded in its DNA.
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Breaking news! Brother Sun and Sister Yi's WeChat have been stolen! CZ: Don't put the blame on me, I haven't used WeChat for many years 😂 Hackers are really going all out now, moving the battlefield to WeChat Moments to post meme土狗? A reminder! Don't click, don't trust, don't take the meme link! In this day and age, even the big shots can't keep their accounts safe $ETH $PIPPIN #黑客攻击 #加密市场观察
Breaking news! Brother Sun and Sister Yi's WeChat have been stolen!
CZ: Don't put the blame on me, I haven't used WeChat for many years 😂
Hackers are really going all out now, moving the battlefield to WeChat Moments to post meme土狗?
A reminder!
Don't click, don't trust, don't take the meme link!
In this day and age, even the big shots can't keep their accounts safe
$ETH $PIPPIN
#黑客攻击 #加密市场观察
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3 million USDT evaporated in an instant! "Pasting" turned out to be a wealth killer Before a business trip, he asked his wife to transfer some money. After getting off the plane, the balance of 3 million USDT surprisingly became zero! After reporting to the police, he learned it was a civil dispute due to family actions. His wife was devastated, claiming she only pasted the mnemonic phrase. The truth is shocking; the problem lay in this "pasting". He stored the mnemonic phrase on WeChat, his wife's old Android phone had not changed the password for years, and the WiFi had not been changed for three years. There was also a “financial assistant” plugin; this “death combination” allowed hackers to listen to the clipboard in real time. The moment the mnemonic phrase was pasted, the door to wealth opened, the money was transferred instantly with no transaction record. In the crypto world, such painful lessons are constantly guarding digital assets, and three life-saving rules are ingrained in our DNA. Rule 1: Mnemonic phrases, keep them extremely secret Mnemonic phrases are like property certificates and safe passwords—write them down on a metal plate and store them properly. Do not take screenshots and send them on WeChat, not even to family. WeChat caches, albums, and cloud syncing leave traces; 70% of theft cases originate from screenshot transmission. Rule 2: Operate wallets on a “pure” device Use an old phone that only has the official wallet app installed, do not connect to public WiFi, and do not install “free coin” or “market plugins.” These plugins can read the clipboard, and hackers can listen for six months just waiting to copy the mnemonic phrase. Rule 3: Family operations, be extremely cautious Don’t think that teaching a few phrases to family members means they can operate the wallet. Authorization and verification can easily lead to phishing links. If help is needed, do it via video, and confirm the last four digits of the address after transferring coins. Hackers clear logs on their servers after 72 hours; if the money is gone, there is no evidence left. Now immediately check how the mnemonic phrase is stored, the device plugins, and family awareness. To survive in the crypto world, just watching K-lines is basic; preventing risks is key. Be meticulous with assets, and you will feel more secure against hackers! If you want to safely recover and increase your investments, remember these rules! #黑客攻击
3 million USDT evaporated in an instant! "Pasting" turned out to be a wealth killer

Before a business trip, he asked his wife to transfer some money. After getting off the plane, the balance of 3 million USDT surprisingly became zero! After reporting to the police, he learned it was a civil dispute due to family actions. His wife was devastated, claiming she only pasted the mnemonic phrase. The truth is shocking; the problem lay in this "pasting".

He stored the mnemonic phrase on WeChat, his wife's old Android phone had not changed the password for years, and the WiFi had not been changed for three years. There was also a “financial assistant” plugin; this “death combination” allowed hackers to listen to the clipboard in real time. The moment the mnemonic phrase was pasted, the door to wealth opened, the money was transferred instantly with no transaction record.

In the crypto world, such painful lessons are constantly guarding digital assets, and three life-saving rules are ingrained in our DNA.

Rule 1: Mnemonic phrases, keep them extremely secret
Mnemonic phrases are like property certificates and safe passwords—write them down on a metal plate and store them properly. Do not take screenshots and send them on WeChat, not even to family. WeChat caches, albums, and cloud syncing leave traces; 70% of theft cases originate from screenshot transmission.

Rule 2: Operate wallets on a “pure” device
Use an old phone that only has the official wallet app installed, do not connect to public WiFi, and do not install “free coin” or “market plugins.” These plugins can read the clipboard, and hackers can listen for six months just waiting to copy the mnemonic phrase.

Rule 3: Family operations, be extremely cautious
Don’t think that teaching a few phrases to family members means they can operate the wallet. Authorization and verification can easily lead to phishing links. If help is needed, do it via video, and confirm the last four digits of the address after transferring coins.

Hackers clear logs on their servers after 72 hours; if the money is gone, there is no evidence left. Now immediately check how the mnemonic phrase is stored, the device plugins, and family awareness.

To survive in the crypto world, just watching K-lines is basic; preventing risks is key. Be meticulous with assets, and you will feel more secure against hackers! If you want to safely recover and increase your investments, remember these rules!
#黑客攻击
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#GAIN#黑客攻击 GAIN has been hacked for more than ten days now, and neither the project team nor Binance has shown any intention to resolve the issue. You are all not at fault; the fault lies with me.
#GAIN#黑客攻击 GAIN has been hacked for more than ten days now, and neither the project team nor Binance has shown any intention to resolve the issue. You are all not at fault; the fault lies with me.
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🚨DMM Bitcoin: "Paying" for hackers, the market actually "calmly" accepted a large order of 4,500 BTC? ! 🤣 Japanese DMM Bitcoin has a big move! After being "visited" by hackers, it actually decided to spend $320 million to buy 4,500 BTC in one go. This hand speed is even better than Bitcoin miners! 🤑 Bitcoin market: Huh? This deal is interesting, wait and see... 🤔 Hackers: WTF? You made the money back just like that? Continue next time! 😜 FSA: You have the ability to "pay"! Bring the report and review it carefully! 🔍 Netizens: This operation is 666, has DMM Bitcoin become a "Bitcoin philanthropist"? 😂 Cryptocurrency circle: This wave of operations has added a new joke to the industry! 😄 #DMM比特币 #黑客攻击 #比特币市场 #加密货币 #BTC走势分析
🚨DMM Bitcoin: "Paying" for hackers, the market actually "calmly" accepted a large order of 4,500 BTC? ! 🤣
Japanese DMM Bitcoin has a big move!
After being "visited" by hackers, it actually decided to spend $320 million to buy 4,500 BTC in one go. This hand speed is even better than Bitcoin miners! 🤑
Bitcoin market: Huh? This deal is interesting, wait and see... 🤔
Hackers: WTF? You made the money back just like that? Continue next time! 😜
FSA: You have the ability to "pay"! Bring the report and review it carefully! 🔍
Netizens: This operation is 666, has DMM Bitcoin become a "Bitcoin philanthropist"? 😂
Cryptocurrency circle: This wave of operations has added a new joke to the industry! 😄
#DMM比特币 #黑客攻击 #比特币市场 #加密货币 #BTC走势分析
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🚨Emergency Alert: Indodax, Indonesia's largest exchange, suffered a hacker attack Indodax, Indonesia's largest centralized exchange, was hacked, with losses of up to $18.2 million. The news shocked the entire industry! The incident occurred on September 11, when security company Cyvers Alerts discovered suspicious transactions in the Indodax wallet and immediately issued an alert. The report showed that hackers had exchanged $14.4 million in tokens for Ethereum and were rapidly transferring assets. Cyvers Alerts also found that more than 150 suspicious transactions caused Indodax to lose $18.2 million, and called on Indodax to respond quickly to reduce losses. At the same time, PeckShield also monitored a large outflow of funds from Indodax, with an estimated $15.7 million in cryptocurrency stolen. These funds include tokens on Ethereum, Polygon, and Optimism. Subsequently, the Indodax team quickly acknowledged the security breach and announced a suspension of services for maintenance to ensure the integrity of the platform. "We are undergoing full maintenance, during which our network and application will be temporarily inaccessible," they posted on social media X. Despite the ongoing attack, Indodax assured users that their funds are safe. They thanked users for their patience and trust, and stressed that this maintenance is essential to ensure the security of transactions. Indodax, formerly known as Bitcoin Indonesia, was founded by Oscar Darmawan and William Sutanto in 2014 and has become a major player in the Southeast Asian market, supporting the trading of more than 160 cryptocurrencies. This attack is a reminder that cryptocurrency exchanges need to continuously strengthen security measures to protect user assets from threats. We also hope that Indodax can resolve this issue as soon as possible and recover from it. 💬 What do you think about this cryptocurrency exchange being funded? In cryptocurrency investment, how do you protect your crypto assets and improve wallet security? Share your views in the comments section! #Indodax #加密货币交易所 #黑客攻击 #安全警报 #加密货币安全
🚨Emergency Alert: Indodax, Indonesia's largest exchange, suffered a hacker attack

Indodax, Indonesia's largest centralized exchange, was hacked, with losses of up to $18.2 million. The news shocked the entire industry!

The incident occurred on September 11, when security company Cyvers Alerts discovered suspicious transactions in the Indodax wallet and immediately issued an alert. The report showed that hackers had exchanged $14.4 million in tokens for Ethereum and were rapidly transferring assets.

Cyvers Alerts also found that more than 150 suspicious transactions caused Indodax to lose $18.2 million, and called on Indodax to respond quickly to reduce losses.

At the same time, PeckShield also monitored a large outflow of funds from Indodax, with an estimated $15.7 million in cryptocurrency stolen. These funds include tokens on Ethereum, Polygon, and Optimism.

Subsequently, the Indodax team quickly acknowledged the security breach and announced a suspension of services for maintenance to ensure the integrity of the platform. "We are undergoing full maintenance, during which our network and application will be temporarily inaccessible," they posted on social media X.

Despite the ongoing attack, Indodax assured users that their funds are safe. They thanked users for their patience and trust, and stressed that this maintenance is essential to ensure the security of transactions.

Indodax, formerly known as Bitcoin Indonesia, was founded by Oscar Darmawan and William Sutanto in 2014 and has become a major player in the Southeast Asian market, supporting the trading of more than 160 cryptocurrencies.

This attack is a reminder that cryptocurrency exchanges need to continuously strengthen security measures to protect user assets from threats. We also hope that Indodax can resolve this issue as soon as possible and recover from it.

💬 What do you think about this cryptocurrency exchange being funded? In cryptocurrency investment, how do you protect your crypto assets and improve wallet security? Share your views in the comments section!

#Indodax #加密货币交易所 #黑客攻击 #安全警报 #加密货币安全
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WazirX exchange suffered $230 million hacker attack, relevant departments have intervened and assisted in recovery operationsIn a statement on Friday, WazirX exchange announced that it is taking further legal action in response to a recent cyberattack that resulted in losses of over $230 million. WazirX’s immediate actions include tracing the stolen funds, recovering customer assets, and conducting an in-depth analysis of the cyberattack. The exchange has reported the incident to the Financial Intelligence Unit of India (FIU-India) and the Indian Computer Emergency Response Team (CERT-IN) and has worked with more than 500 exchanges to block addresses associated with the attack. The WazirX team said they are actively working with many exchanges to obtain more resources to assist in their recovery efforts.

WazirX exchange suffered $230 million hacker attack, relevant departments have intervened and assisted in recovery operations

In a statement on Friday, WazirX exchange announced that it is taking further legal action in response to a recent cyberattack that resulted in losses of over $230 million. WazirX’s immediate actions include tracing the stolen funds, recovering customer assets, and conducting an in-depth analysis of the cyberattack.
The exchange has reported the incident to the Financial Intelligence Unit of India (FIU-India) and the Indian Computer Emergency Response Team (CERT-IN) and has worked with more than 500 exchanges to block addresses associated with the attack. The WazirX team said they are actively working with many exchanges to obtain more resources to assist in their recovery efforts.
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The founder of the cryptocurrency security company [Slow Mist Technology], Yu Xian, has been hacked and coins stolen. Slow Mist Technology has become a leading security company in the blockchain space, and even its founder can be hacked, truly a sight to behold. This shows that in the cryptocurrency world, everyone is equal. $BTC $ETH #黑客攻击
The founder of the cryptocurrency security company [Slow Mist Technology], Yu Xian, has been hacked and coins stolen.

Slow Mist Technology has become a leading security company in the blockchain space, and even its founder can be hacked, truly a sight to behold. This shows that in the cryptocurrency world, everyone is equal.

$BTC $ETH #黑客攻击
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#黑客攻击 Big news today! WazirX was hacked, losing more than $235 million! According to Arkham Intelligence, the cryptocurrency exchange fell prey to hackers today. The addresses involved have been published, and Arkham has even issued a bounty for help tracking down the attacker. Bounty content: Identify the attacker's deposit records on centralized exchanges, reveal the attacker's identity, or help recover funds. Reward: 1000 ARKM (about $1640), all information will be shared with the WazirX team. What do you think of this attack? Do you think the bounty can effectively help recover funds? Are hacker attacks becoming more and more frequent in the cryptocurrency field?
#黑客攻击
Big news today! WazirX was hacked, losing more than $235 million!
According to Arkham Intelligence, the cryptocurrency exchange fell prey to hackers today. The addresses involved have been published, and Arkham has even issued a bounty for help tracking down the attacker.
Bounty content: Identify the attacker's deposit records on centralized exchanges, reveal the attacker's identity, or help recover funds. Reward: 1000 ARKM (about $1640), all information will be shared with the WazirX team.
What do you think of this attack?
Do you think the bounty can effectively help recover funds? Are hacker attacks becoming more and more frequent in the cryptocurrency field?
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The most incredible hacking incident I have seen since I entered the circle for so many years Just saw a friend expose a theft incident. The hacker directly used the social engineering data he bought to make a fake ID card, and then used AI to generate a fake head portrait video, deceived Okx's manual review, reset all the verification information, and stole more than 3 million dollars! This is simply incredible, just like the plot in the movie, too f*cking scary😱 The victim should have a lot of information leaked, KYC information, account ID, email, etc., have all been leaked. The only way to deal with it now is to protect your privacy and try not to show off your wealth in a high-profile manner. After all, it is not easy to make money in all walks of life this year, and the hostility is very strong. As long as I look like a poor guy, the hacker will be too lazy to make a fake ID for me, right? BTW, I also have to remind all exchanges that in the future, sensitive operations such as password retrieval and 2FA reset must be added with KYC-like facial recognition, and manual review is not allowed. #黑客攻击 #AI板块强势进击 #黑客入侵
The most incredible hacking incident I have seen since I entered the circle for so many years

Just saw a friend expose a theft incident. The hacker directly used the social engineering data he bought to make a fake ID card, and then used AI to generate a fake head portrait video, deceived Okx's manual review, reset all the verification information, and stole more than 3 million dollars!

This is simply incredible, just like the plot in the movie, too f*cking scary😱

The victim should have a lot of information leaked, KYC information, account ID, email, etc., have all been leaked.

The only way to deal with it now is to protect your privacy and try not to show off your wealth in a high-profile manner. After all, it is not easy to make money in all walks of life this year, and the hostility is very strong. As long as I look like a poor guy, the hacker will be too lazy to make a fake ID for me, right?

BTW, I also have to remind all exchanges that in the future, sensitive operations such as password retrieval and 2FA reset must be added with KYC-like facial recognition, and manual review is not allowed.

#黑客攻击 #AI板块强势进击 #黑客入侵
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Bullish
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Canadian cryptocurrency exchange Catalyx suspends withdrawals and deposits after token hackCanadian cryptocurrency exchange Catalyx has stopped accepting withdrawals and halted all trading activity on its platform after a security issue resulted in an unknown loss of user funds. Catalyx hack may have been the work of an insider Catalyx has temporarily halted all cryptocurrency and fiat currency withdrawals and deposits after suffering a security breach. The company did not disclose the exact amount of the loss in a Dec. 28 statement. However, after a security issue resulted in the loss of some Catalyx customers' crypto assets, the company suspected that one of its own employees may have been involved in the incident and launched an investigation.

Canadian cryptocurrency exchange Catalyx suspends withdrawals and deposits after token hack

Canadian cryptocurrency exchange Catalyx has stopped accepting withdrawals and halted all trading activity on its platform after a security issue resulted in an unknown loss of user funds.

Catalyx hack may have been the work of an insider
Catalyx has temporarily halted all cryptocurrency and fiat currency withdrawals and deposits after suffering a security breach. The company did not disclose the exact amount of the loss in a Dec. 28 statement.
However, after a security issue resulted in the loss of some Catalyx customers' crypto assets, the company suspected that one of its own employees may have been involved in the incident and launched an investigation.
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Radiant Capital was hacked and lost $4.5 million, but funds are not currently at riskOn January 3, the Radiant Capital project suffered a severe flash loan attack, resulting in the loss of 1,900 ETH (approximately $4.5 million). Radiant Capital is a decentralized cross-chain lending protocol that allows users to deposit and lend various assets on different blockchains, eliminating liquidity silos. According to on-chain data, the hacker took advantage of a time window for new market activation and a rounding issue in the Compound/Aave code base to execute a flash loan attack. This attack method refers to borrowing a large amount of funds, completing a series of operations within a block, and then returning the funds before the end of the block to make a profit.

Radiant Capital was hacked and lost $4.5 million, but funds are not currently at risk

On January 3, the Radiant Capital project suffered a severe flash loan attack, resulting in the loss of 1,900 ETH (approximately $4.5 million). Radiant Capital is a decentralized cross-chain lending protocol that allows users to deposit and lend various assets on different blockchains, eliminating liquidity silos.
According to on-chain data, the hacker took advantage of a time window for new market activation and a rounding issue in the Compound/Aave code base to execute a flash loan attack. This attack method refers to borrowing a large amount of funds, completing a series of operations within a block, and then returning the funds before the end of the block to make a profit.
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The cryptocurrency industry is deeply entrenched in security dilemmas, ZachXBT addresses the challenges of hacking and money laundering Blockchain investigator ZachXBT bluntly states that the cryptocurrency industry is overwhelmed in dealing with hacking and money laundering issues. After participating in freezing funds involved in the recent Bybit hacker attack, he expressed deep concern about the state of the industry, feeling despair over the security measures and incident responses of both centralized and decentralized services. When discussing 'systemic failures,' ZachXBT pointed out that the fundamental flaws of decentralized and centralized platforms lead to numerous security vulnerabilities. Some 'decentralized protocols' have nearly all their transaction volume and revenue coming from illegal actors like North Korea, yet these platforms do not take responsibility for facilitating illegal financial activities. Centralized exchanges are slow to respond to verified threat intelligence, with stolen assets being laundered within minutes. At the same time, 'Know Your Transaction' (KYT) solutions are often easily circumvented, and 'Know Your Customer' (KYC) measures fail due to data breaches and account trading inefficiencies. This further highlights the security vulnerabilities in the crypto industry and the lack of financial regulation. When discussing 'barriers to effective solutions,' ZachXBT acknowledged the risks of excessive government intervention but also questioned whether the industry can effectively self-regulate. He noted that large exchanges lack a quick response mechanism when facing hacking attacks, provide insufficient support to victims, and are known for trying to evade responsibility and refusing to return stolen funds. Meanwhile, centralized stablecoin issuers do not ban addresses directly associated with major hacking events, allowing wrongdoers to continue evading justice, even though compliance tools used by large companies like Coinbase and Circle cannot regularly identify illegal activities. Even some decentralized protocols, with most of their transaction volume coming from illegal channels, have not reassessed their own designs, and new blockchain networks and cross-chain bridges similarly neglect fundamental analysis and security safeguards. Furthermore, over-the-counter trading clusters operating on Tron are almost entirely outside of regulatory oversight, resulting in a continuous flow of illegal funds and transactions, with wrongdoers maintaining the upper hand in this contest. What do you think the cryptocurrency industry should do to address these security dilemmas? Is stricter regulation needed, or does the industry itself need to make more efforts? #加密货币安全 #黑客攻击 #洗钱问题 #行业监管
The cryptocurrency industry is deeply entrenched in security dilemmas, ZachXBT addresses the challenges of hacking and money laundering

Blockchain investigator ZachXBT bluntly states that the cryptocurrency industry is overwhelmed in dealing with hacking and money laundering issues.

After participating in freezing funds involved in the recent Bybit hacker attack, he expressed deep concern about the state of the industry, feeling despair over the security measures and incident responses of both centralized and decentralized services.

When discussing 'systemic failures,' ZachXBT pointed out that the fundamental flaws of decentralized and centralized platforms lead to numerous security vulnerabilities. Some 'decentralized protocols' have nearly all their transaction volume and revenue coming from illegal actors like North Korea, yet these platforms do not take responsibility for facilitating illegal financial activities.

Centralized exchanges are slow to respond to verified threat intelligence, with stolen assets being laundered within minutes. At the same time, 'Know Your Transaction' (KYT) solutions are often easily circumvented, and 'Know Your Customer' (KYC) measures fail due to data breaches and account trading inefficiencies. This further highlights the security vulnerabilities in the crypto industry and the lack of financial regulation.

When discussing 'barriers to effective solutions,' ZachXBT acknowledged the risks of excessive government intervention but also questioned whether the industry can effectively self-regulate. He noted that large exchanges lack a quick response mechanism when facing hacking attacks, provide insufficient support to victims, and are known for trying to evade responsibility and refusing to return stolen funds.

Meanwhile, centralized stablecoin issuers do not ban addresses directly associated with major hacking events, allowing wrongdoers to continue evading justice, even though compliance tools used by large companies like Coinbase and Circle cannot regularly identify illegal activities.

Even some decentralized protocols, with most of their transaction volume coming from illegal channels, have not reassessed their own designs, and new blockchain networks and cross-chain bridges similarly neglect fundamental analysis and security safeguards.

Furthermore, over-the-counter trading clusters operating on Tron are almost entirely outside of regulatory oversight, resulting in a continuous flow of illegal funds and transactions, with wrongdoers maintaining the upper hand in this contest.

What do you think the cryptocurrency industry should do to address these security dilemmas? Is stricter regulation needed, or does the industry itself need to make more efforts?

#加密货币安全 #黑客攻击 #洗钱问题 #行业监管
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🧑‍💻 Canadian hacker indicted by U.S. prosecutors, accused of stealing $65 million in cryptocurrency Recently, a Canadian hacker named Andean Medjedovic was indicted by a U.S. federal court, accused of stealing approximately $6.5 million in cryptocurrency from two decentralized finance platforms, one called Indexed Finance and the other called KyberSwap. This 22-year-old hacker reportedly manipulated smart contracts from 2021 to 2023, causing the protocols to miscalculate financial data, then extracted funds at a low price, resulting in significant losses for investors. Prosecutors stated that Medjedovic attempted to hide his illegal gains through various means, including digital asset exchanges, bridge transactions, and cryptocurrency mixers for money laundering. U.S. prosecutor John J. Durham described this as a "highly sophisticated scheme" that utilized two decentralized finance protocols to steal tens of millions of dollars worth of cryptocurrency from investors. If convicted, Medjedovic could face up to 10 years in prison for computer damage, with other four charges carrying a maximum of 20 years. This Canadian has been on the run since stealing funds from Indexed Finance in 2021. He has defended himself online with the argument of "code is law," claiming that these actions were legal. Meanwhile, during several months in 2023, KyberSwap lost approximately $5 million in cryptocurrency. Blockchain investigators linked the incident to the wallet of this 22-year-old man, which later transferred $2 million to another wallet also associated with him. Prosecutors stated that after exploiting vulnerabilities, he attempted to transfer the stolen cryptocurrency to Ethereum but was blocked by developers. Allegedly, he felt frustrated and contacted customer service, asking them to handle the transaction. Laurence Day, co-founder of Indexed Finance, stated that the arrest of the suspect would not bring much comfort to the victims. Most of the stolen cryptocurrency was later taken in another hacking incident, complicating recovery efforts. In summary, this matter is quite complex, and it involves a lengthy process of recovering related assets! Do you think this hacker's "code is law" defense holds water? See you in the comments! #加密货币 #黑客攻击 #法律辩护
🧑‍💻 Canadian hacker indicted by U.S. prosecutors, accused of stealing $65 million in cryptocurrency

Recently, a Canadian hacker named Andean Medjedovic was indicted by a U.S. federal court, accused of stealing approximately $6.5 million in cryptocurrency from two decentralized finance platforms, one called Indexed Finance and the other called KyberSwap.

This 22-year-old hacker reportedly manipulated smart contracts from 2021 to 2023, causing the protocols to miscalculate financial data, then extracted funds at a low price, resulting in significant losses for investors.

Prosecutors stated that Medjedovic attempted to hide his illegal gains through various means, including digital asset exchanges, bridge transactions, and cryptocurrency mixers for money laundering. U.S. prosecutor John J. Durham described this as a "highly sophisticated scheme" that utilized two decentralized finance protocols to steal tens of millions of dollars worth of cryptocurrency from investors.

If convicted, Medjedovic could face up to 10 years in prison for computer damage, with other four charges carrying a maximum of 20 years. This Canadian has been on the run since stealing funds from Indexed Finance in 2021. He has defended himself online with the argument of "code is law," claiming that these actions were legal.

Meanwhile, during several months in 2023, KyberSwap lost approximately $5 million in cryptocurrency. Blockchain investigators linked the incident to the wallet of this 22-year-old man, which later transferred $2 million to another wallet also associated with him. Prosecutors stated that after exploiting vulnerabilities, he attempted to transfer the stolen cryptocurrency to Ethereum but was blocked by developers. Allegedly, he felt frustrated and contacted customer service, asking them to handle the transaction.

Laurence Day, co-founder of Indexed Finance, stated that the arrest of the suspect would not bring much comfort to the victims. Most of the stolen cryptocurrency was later taken in another hacking incident, complicating recovery efforts.

In summary, this matter is quite complex, and it involves a lengthy process of recovering related assets! Do you think this hacker's "code is law" defense holds water? See you in the comments!

#加密货币 #黑客攻击 #法律辩护
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UwU Lend suffered a nearly $20 million hacker attack, and the security issues of DeFi platforms have raised community concernsDecentralized lending platform UwU Lend has unfortunately become the latest victim of a malicious hacker attack. According to blockchain security company Arkham, attackers stole up to $19.3 million in funds. At present, the specific cause of the attack has not been determined, but some users have begun to suspect that the project founder is behind it. UwU Lend loses $19.3 million UwU Lend, a platform forked from the open source code of Ethereum lending protocol AAVE v2, provides a variety of services including lending and staking. The platform promises to distribute 100% of all revenue to users in the form of UwU tokens.

UwU Lend suffered a nearly $20 million hacker attack, and the security issues of DeFi platforms have raised community concerns

Decentralized lending platform UwU Lend has unfortunately become the latest victim of a malicious hacker attack. According to blockchain security company Arkham, attackers stole up to $19.3 million in funds.
At present, the specific cause of the attack has not been determined, but some users have begun to suspect that the project founder is behind it.
UwU Lend loses $19.3 million
UwU Lend, a platform forked from the open source code of Ethereum lending protocol AAVE v2, provides a variety of services including lending and staking. The platform promises to distribute 100% of all revenue to users in the form of UwU tokens.
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