On September 11, the hacker first transferred 520,000 MATIC tokens, worth over $266,000, which were bridged to the Avalanche blockchain. Some hours later, 300 BNB tokens valued at approximately $61,500 were sent to an externally owned address labeled \u201c0x695\u2026\u201d.\u00a0<\/p>\n
Before these recent transfers, the hacker had bridged $4.5 million to different Bitcoin blockchain addresses. This was reported<\/a> by the blockchain security company Arkham on September 7. The total amount transferred, now at $4.8 million, only constitutes 1.2% of the total $41 million stolen by the hackers.<\/p>\n The Stake hackers exploited the platform by gaining access to the private keys of the platform\u2019s Binance Smart Chain and Ethereum hot wallets.\u00a0<\/p>\n According to the<\/a> United States Federal Bureau of Investigation (FBI), the Lazarus Group from North Korea \u2013 known for its involvement in various cybercrimes, including hacking and cryptocurrency-related attacks, might be behind this exploit.\u00a0<\/p>\n The recent hack of $41 million from Stake has contributed to the cumulative losses from cryptocurrency hacks and scams in 2023.\u00a0As a result of this incident, the total losses in the cryptocurrency industry have now surpassed the $1 billion mark.<\/p>\n Before the Stake attack, CertiK had reported the total losses to be approximately $997 million at the end of August.\u00a0But for August alone, CertiK report<\/a>ed that exit scams resulted in approximately $26 million in losses. Flash loan attacks accounted for $6.4 million, and exploits caused losses of $13.5 million.<\/p>\n The cybersecurity firm verified that these combined losses exceeded $45 million for the past month. However, with several attacks occurring in the past two weeks, the overall figure has now crossed the $1 billion threshold.\u00a0<\/p>\n For instance, a prominent cryptocurrency investor lost<\/a> $24 million of staked Ether (ETH) in a phishing attack on September 6.\u00a0Additionally, Vitalik Buterin\u2019s X (formerly Twitter) account was compromised<\/a> on September 9, and the hacker used it to trick several individuals into participating in a nonfungible token scam, resulting in a total loss of $691,000.<\/p>\n Considering these incidents, in addition to CertiK\u2019s previous estimate from August, the total losses due to cryptocurrency-related incidents would now exceed at least $1.04 billion.<\/p>\n Other recent incidents include a withdrawal<\/a> involving Pepe coin (PEPE), resulting in a loss of $13.2 million for investors.\u00a0Also, a security vulnerability<\/a> was exposed on the Balancer platform, resulting in damages totaling $2.1 million.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n On September 11, the hacker first transferred 520,000 MATIC tokens, worth over $266,000, which were bridged to the Avalanche blockchain. Some hours later, 300 BNB tokens valued at approximately $61,500 were sent to an externally owned address labeled \u201c0x695\u2026\u201d.\u00a0<\/p>\n Before these recent transfers, the hacker had bridged $4.5 million to different Bitcoin blockchain addresses. This was reported<\/a> by the blockchain security company Arkham on September 7. The total amount transferred, now at $4.8 million, only constitutes 1.2% of the total $41 million stolen by the hackers.<\/p>\n The Stake hackers exploited the platform by gaining access to the private keys of the platform\u2019s Binance Smart Chain and Ethereum hot wallets.\u00a0<\/p>\n According to the<\/a> United States Federal Bureau of Investigation (FBI), the Lazarus Group from North Korea \u2013 known for its involvement in various cybercrimes, including hacking and cryptocurrency-related attacks, might be behind this exploit.\u00a0<\/p>\n The recent hack of $41 million from Stake has contributed to the cumulative losses from cryptocurrency hacks and scams in 2023.\u00a0As a result of this incident, the total losses in the cryptocurrency industry have now surpassed the $1 billion mark.<\/p>\n Before the Stake attack, CertiK had reported the total losses to be approximately $997 million at the end of August.\u00a0But for August alone, CertiK report<\/a>ed that exit scams resulted in approximately $26 million in losses. Flash loan attacks accounted for $6.4 million, and exploits caused losses of $13.5 million.<\/p>\n The cybersecurity firm verified that these combined losses exceeded $45 million for the past month. However, with several attacks occurring in the past two weeks, the overall figure has now crossed the $1 billion threshold.\u00a0<\/p>\n For instance, a prominent cryptocurrency investor lost<\/a> $24 million of staked Ether (ETH) in a phishing attack on September 6.\u00a0Additionally, Vitalik Buterin\u2019s X (formerly Twitter) account was compromised<\/a> on September 9, and the hacker used it to trick several individuals into participating in a nonfungible token scam, resulting in a total loss of $691,000.<\/p>\n Considering these incidents, in addition to CertiK\u2019s previous estimate from August, the total losses due to cryptocurrency-related incidents would now exceed at least $1.04 billion.<\/p>\n Other recent incidents include a withdrawal<\/a> involving Pepe coin (PEPE), resulting in a loss of $13.2 million for investors.\u00a0Also, a security vulnerability<\/a> was exposed on the Balancer platform, resulting in damages totaling $2.1 million.<\/p>\n <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-29510","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=29510"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29510\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=29510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=29510"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=29510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Total Amount Of Money Lost Due To Hacks And Scams Has Exceeded $1 Billion<\/h2>\n
Transferred Funds By Hackers Are Estimated At $4.8 Million<\/h2>\n
The Total Amount Of Money Lost Due To Hacks And Scams Has Exceeded $1 Billion<\/h2>\n