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The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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By subscribing, you agree with our privacy and terms.

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\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

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November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Regardless of hack risk, crypto\u00a0projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

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November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Regardless of hack risk, crypto\u00a0projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

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December 3, 2024

Subscribe To Our Newsletter

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Follow The Distributed

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\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

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November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
As centralized exchanges are vulnerable to risks like bankruptcy, the defi platforms are a feeding ground for hackers. According to the data of\u00a0DefiLlama<\/a>, the largest multi-chain defi TVL (total value locked<\/a>) aggregator, defi-related hacks account for $3.24 billion in 2022 alone. Overall, there is $5.00 billion worth of hacked defi funds wherein the $2.53 billion was due to bridge<\/a> exploits.\u00a0<\/li>\n<\/ul>\n\n\n\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
As centralized exchanges are vulnerable to risks like bankruptcy, the defi platforms are a feeding ground for hackers. According to the data of\u00a0DefiLlama<\/a>, the largest multi-chain defi TVL (total value locked<\/a>) aggregator, defi-related hacks account for $3.24 billion in 2022 alone. Overall, there is $5.00 billion worth of hacked defi funds wherein the $2.53 billion was due to bridge<\/a> exploits.\u00a0<\/li>\n<\/ul>\n\n\n\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Investors started pulling out their cryptocurrencies off of centralized exchanges after FTX's scandal<\/a> hit front page. It becomes a bother leaving your assets in the hands of a centralized entity. Holders are leaning toward self-custody practices while traders are engaging and willing to learn how to navigate the defi (decentralized finance) space.<\/li>\n<\/ul>\n\n\n\n
\n
As centralized exchanges are vulnerable to risks like bankruptcy, the defi platforms are a feeding ground for hackers. According to the data of\u00a0 DefiLlama<\/a>, the largest multi-chain defi TVL (total value locked<\/a>) aggregator, defi-related hacks account for $3.24 billion in 2022 alone. Overall, there is $5.00 billion worth of hacked defi funds wherein the $2.53 billion was due to bridge<\/a> exploits.\u00a0<\/li>\n<\/ul>\n\n\n\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

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November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Investors started pulling out their cryptocurrencies off of centralized exchanges after FTX's scandal<\/a> hit front page. It becomes a bother leaving your assets in the hands of a centralized entity. Holders are leaning toward self-custody practices while traders are engaging and willing to learn how to navigate the defi (decentralized finance) space.<\/li>\n<\/ul>\n\n\n\n
\n
As centralized exchanges are vulnerable to risks like bankruptcy, the defi platforms are a feeding ground for hackers. According to the data of\u00a0 DefiLlama<\/a>, the largest multi-chain defi TVL (total value locked<\/a>) aggregator, defi-related hacks account for $3.24 billion in 2022 alone. Overall, there is $5.00 billion worth of hacked defi funds wherein the $2.53 billion was due to bridge<\/a> exploits.\u00a0<\/li>\n<\/ul>\n\n\n\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
After FTX's demise, investors are getting out of centralized exchanges and welcoming decentralized finance<\/a> platforms.<\/p>\n\n\n\n
\n
Investors started pulling out their cryptocurrencies off of centralized exchanges after FTX's scandal<\/a> hit front page. It becomes a bother leaving your assets in the hands of a centralized entity. Holders are leaning toward self-custody practices while traders are engaging and willing to learn how to navigate the defi (decentralized finance) space.<\/li>\n<\/ul>\n\n\n\n
\n
As centralized exchanges are vulnerable to risks like bankruptcy, the defi platforms are a feeding ground for hackers. According to the data of\u00a0 DefiLlama<\/a>, the largest multi-chain defi TVL (total value locked<\/a>) aggregator, defi-related hacks account for $3.24 billion in 2022 alone. Overall, there is $5.00 billion worth of hacked defi funds wherein the $2.53 billion was due to bridge<\/a> exploits.\u00a0<\/li>\n<\/ul>\n\n\n\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This unprecedented hack serves as a stark reminder that, in the digital age, even the mighty financial institutions are not immune to the perils of cyber warfare. The aftermath of the ICBC hack is a testament to the fragility of the financial ecosystem, raising questions about the adequacy of current security measures in an era where the stakes have never been higher.<\/p>\n","post_title":"ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"icbc-hack-reveals-shocking-vulnerability-of-26-trillion-treasury-market","to_ping":"","pinged":"","post_modified":"2023-11-16 20:05:54","post_modified_gmt":"2023-11-16 09:05:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14305","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9115,"post_author":"15","post_date":"2022-12-29 22:22:50","post_date_gmt":"2022-12-29 11:22:50","post_content":"\n
After FTX's demise, investors are getting out of centralized exchanges and welcoming decentralized finance<\/a> platforms.<\/p>\n\n\n\n
\n
Investors started pulling out their cryptocurrencies off of centralized exchanges after FTX's scandal<\/a> hit front page. It becomes a bother leaving your assets in the hands of a centralized entity. Holders are leaning toward self-custody practices while traders are engaging and willing to learn how to navigate the defi (decentralized finance) space.<\/li>\n<\/ul>\n\n\n\n
\n
As centralized exchanges are vulnerable to risks like bankruptcy, the defi platforms are a feeding ground for hackers. According to the data of\u00a0 DefiLlama<\/a>, the largest multi-chain defi TVL (total value locked<\/a>) aggregator, defi-related hacks account for $3.24 billion in 2022 alone. Overall, there is $5.00 billion worth of hacked defi funds wherein the $2.53 billion was due to bridge<\/a> exploits.\u00a0<\/li>\n<\/ul>\n\n\n\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
ICBC<\/a> Financial Services, a mid-sized player by Wall Street standards, now stands as a cautionary tale of the potential havoc that a cyber-attack can wreak on the intricate machinery of the financial markets. As the company races against time to restore normalcy, Wall Street braces for the unsettling revelations that may follow.<\/p>\n\n\n\n
This unprecedented hack serves as a stark reminder that, in the digital age, even the mighty financial institutions are not immune to the perils of cyber warfare. The aftermath of the ICBC hack is a testament to the fragility of the financial ecosystem, raising questions about the adequacy of current security measures in an era where the stakes have never been higher.<\/p>\n","post_title":"ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"icbc-hack-reveals-shocking-vulnerability-of-26-trillion-treasury-market","to_ping":"","pinged":"","post_modified":"2023-11-16 20:05:54","post_modified_gmt":"2023-11-16 09:05:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14305","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9115,"post_author":"15","post_date":"2022-12-29 22:22:50","post_date_gmt":"2022-12-29 11:22:50","post_content":"\n
After FTX's demise, investors are getting out of centralized exchanges and welcoming decentralized finance<\/a> platforms.<\/p>\n\n\n\n
\n
Investors started pulling out their cryptocurrencies off of centralized exchanges after FTX's scandal<\/a> hit front page. It becomes a bother leaving your assets in the hands of a centralized entity. Holders are leaning toward self-custody practices while traders are engaging and willing to learn how to navigate the defi (decentralized finance) space.<\/li>\n<\/ul>\n\n\n\n
\n
As centralized exchanges are vulnerable to risks like bankruptcy, the defi platforms are a feeding ground for hackers. According to the data of\u00a0 DefiLlama<\/a>, the largest multi-chain defi TVL (total value locked<\/a>) aggregator, defi-related hacks account for $3.24 billion in 2022 alone. Overall, there is $5.00 billion worth of hacked defi funds wherein the $2.53 billion was due to bridge<\/a> exploits.\u00a0<\/li>\n<\/ul>\n\n\n\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Experts underscore the critical need for broader central clearing to mitigate the risk of a domino effect of defaults. As the financial world grapples with the aftermath of this cyber catastrophe, the incident is poised to take center stage at the upcoming Treasury market conference on November 16.<\/p>\n\n\n\n
ICBC<\/a> Financial Services, a mid-sized player by Wall Street standards, now stands as a cautionary tale of the potential havoc that a cyber-attack can wreak on the intricate machinery of the financial markets. As the company races against time to restore normalcy, Wall Street braces for the unsettling revelations that may follow.<\/p>\n\n\n\n
This unprecedented hack serves as a stark reminder that, in the digital age, even the mighty financial institutions are not immune to the perils of cyber warfare. The aftermath of the ICBC hack is a testament to the fragility of the financial ecosystem, raising questions about the adequacy of current security measures in an era where the stakes have never been higher.<\/p>\n","post_title":"ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"icbc-hack-reveals-shocking-vulnerability-of-26-trillion-treasury-market","to_ping":"","pinged":"","post_modified":"2023-11-16 20:05:54","post_modified_gmt":"2023-11-16 09:05:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14305","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9115,"post_author":"15","post_date":"2022-12-29 22:22:50","post_date_gmt":"2022-12-29 11:22:50","post_content":"\n
After FTX's demise, investors are getting out of centralized exchanges and welcoming decentralized finance<\/a> platforms.<\/p>\n\n\n\n
\n
Investors started pulling out their cryptocurrencies off of centralized exchanges after FTX's scandal<\/a> hit front page. It becomes a bother leaving your assets in the hands of a centralized entity. Holders are leaning toward self-custody practices while traders are engaging and willing to learn how to navigate the defi (decentralized finance) space.<\/li>\n<\/ul>\n\n\n\n
\n
As centralized exchanges are vulnerable to risks like bankruptcy, the defi platforms are a feeding ground for hackers. According to the data of\u00a0 DefiLlama<\/a>, the largest multi-chain defi TVL (total value locked<\/a>) aggregator, defi-related hacks account for $3.24 billion in 2022 alone. Overall, there is $5.00 billion worth of hacked defi funds wherein the $2.53 billion was due to bridge<\/a> exploits.\u00a0<\/li>\n<\/ul>\n\n\n\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

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Follow The Distributed

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\n
In an extraordinary move, ICBC urged its clients to suspend business temporarily and reroute trades elsewhere, creating a ripple effect as other market participants scrambled to assess potential exposure. While the full impact of the attack is yet to be unveiled, market insiders predict that it could cast a dark shadow over the regulatory review of the Treasury market, intensifying scrutiny on cyber threats.<\/p>\n\n\n\n
Experts underscore the critical need for broader central clearing to mitigate the risk of a domino effect of defaults. As the financial world grapples with the aftermath of this cyber catastrophe, the incident is poised to take center stage at the upcoming Treasury market conference on November 16.<\/p>\n\n\n\n
ICBC<\/a> Financial Services, a mid-sized player by Wall Street standards, now stands as a cautionary tale of the potential havoc that a cyber-attack can wreak on the intricate machinery of the financial markets. As the company races against time to restore normalcy, Wall Street braces for the unsettling revelations that may follow.<\/p>\n\n\n\n
This unprecedented hack serves as a stark reminder that, in the digital age, even the mighty financial institutions are not immune to the perils of cyber warfare. The aftermath of the ICBC hack is a testament to the fragility of the financial ecosystem, raising questions about the adequacy of current security measures in an era where the stakes have never been higher.<\/p>\n","post_title":"ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"icbc-hack-reveals-shocking-vulnerability-of-26-trillion-treasury-market","to_ping":"","pinged":"","post_modified":"2023-11-16 20:05:54","post_modified_gmt":"2023-11-16 09:05:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14305","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9115,"post_author":"15","post_date":"2022-12-29 22:22:50","post_date_gmt":"2022-12-29 11:22:50","post_content":"\n
After FTX's demise, investors are getting out of centralized exchanges and welcoming decentralized finance<\/a> platforms.<\/p>\n\n\n\n
\n
Investors started pulling out their cryptocurrencies off of centralized exchanges after FTX's scandal<\/a> hit front page. It becomes a bother leaving your assets in the hands of a centralized entity. Holders are leaning toward self-custody practices while traders are engaging and willing to learn how to navigate the defi (decentralized finance) space.<\/li>\n<\/ul>\n\n\n\n
\n
As centralized exchanges are vulnerable to risks like bankruptcy, the defi platforms are a feeding ground for hackers. According to the data of\u00a0 DefiLlama<\/a>, the largest multi-chain defi TVL (total value locked<\/a>) aggregator, defi-related hacks account for $3.24 billion in 2022 alone. Overall, there is $5.00 billion worth of hacked defi funds wherein the $2.53 billion was due to bridge<\/a> exploits.\u00a0<\/li>\n<\/ul>\n\n\n\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
ICBC, on a mission to recover from the cyber onslaught, has engaged the services of cybersecurity firm MoxFive to fortify its systems. However, the recovery process is anticipated to stretch until Monday, leaving the Wall Street community on edge.<\/p>\n\n\n\n
In an extraordinary move, ICBC urged its clients to suspend business temporarily and reroute trades elsewhere, creating a ripple effect as other market participants scrambled to assess potential exposure. While the full impact of the attack is yet to be unveiled, market insiders predict that it could cast a dark shadow over the regulatory review of the Treasury market, intensifying scrutiny on cyber threats.<\/p>\n\n\n\n
Experts underscore the critical need for broader central clearing to mitigate the risk of a domino effect of defaults. As the financial world grapples with the aftermath of this cyber catastrophe, the incident is poised to take center stage at the upcoming Treasury market conference on November 16.<\/p>\n\n\n\n
ICBC<\/a> Financial Services, a mid-sized player by Wall Street standards, now stands as a cautionary tale of the potential havoc that a cyber-attack can wreak on the intricate machinery of the financial markets. As the company races against time to restore normalcy, Wall Street braces for the unsettling revelations that may follow.<\/p>\n\n\n\n
This unprecedented hack serves as a stark reminder that, in the digital age, even the mighty financial institutions are not immune to the perils of cyber warfare. The aftermath of the ICBC hack is a testament to the fragility of the financial ecosystem, raising questions about the adequacy of current security measures in an era where the stakes have never been higher.<\/p>\n","post_title":"ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"icbc-hack-reveals-shocking-vulnerability-of-26-trillion-treasury-market","to_ping":"","pinged":"","post_modified":"2023-11-16 20:05:54","post_modified_gmt":"2023-11-16 09:05:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14305","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9115,"post_author":"15","post_date":"2022-12-29 22:22:50","post_date_gmt":"2022-12-29 11:22:50","post_content":"\n
After FTX's demise, investors are getting out of centralized exchanges and welcoming decentralized finance<\/a> platforms.<\/p>\n\n\n\n
\n
Investors started pulling out their cryptocurrencies off of centralized exchanges after FTX's scandal<\/a> hit front page. It becomes a bother leaving your assets in the hands of a centralized entity. Holders are leaning toward self-custody practices while traders are engaging and willing to learn how to navigate the defi (decentralized finance) space.<\/li>\n<\/ul>\n\n\n\n
\n
As centralized exchanges are vulnerable to risks like bankruptcy, the defi platforms are a feeding ground for hackers. According to the data of\u00a0 DefiLlama<\/a>, the largest multi-chain defi TVL (total value locked<\/a>) aggregator, defi-related hacks account for $3.24 billion in 2022 alone. Overall, there is $5.00 billion worth of hacked defi funds wherein the $2.53 billion was due to bridge<\/a> exploits.\u00a0<\/li>\n<\/ul>\n\n\n\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Google Establishes A Hacking Policy Council Among Others; Cybersecurity And Vulnerability Management<\/a><\/p>\n\n\n\n
ICBC, on a mission to recover from the cyber onslaught, has engaged the services of cybersecurity firm MoxFive to fortify its systems. However, the recovery process is anticipated to stretch until Monday, leaving the Wall Street community on edge.<\/p>\n\n\n\n
In an extraordinary move, ICBC urged its clients to suspend business temporarily and reroute trades elsewhere, creating a ripple effect as other market participants scrambled to assess potential exposure. While the full impact of the attack is yet to be unveiled, market insiders predict that it could cast a dark shadow over the regulatory review of the Treasury market, intensifying scrutiny on cyber threats.<\/p>\n\n\n\n
Experts underscore the critical need for broader central clearing to mitigate the risk of a domino effect of defaults. As the financial world grapples with the aftermath of this cyber catastrophe, the incident is poised to take center stage at the upcoming Treasury market conference on November 16.<\/p>\n\n\n\n
ICBC<\/a> Financial Services, a mid-sized player by Wall Street standards, now stands as a cautionary tale of the potential havoc that a cyber-attack can wreak on the intricate machinery of the financial markets. As the company races against time to restore normalcy, Wall Street braces for the unsettling revelations that may follow.<\/p>\n\n\n\n
This unprecedented hack serves as a stark reminder that, in the digital age, even the mighty financial institutions are not immune to the perils of cyber warfare. The aftermath of the ICBC hack is a testament to the fragility of the financial ecosystem, raising questions about the adequacy of current security measures in an era where the stakes have never been higher.<\/p>\n","post_title":"ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"icbc-hack-reveals-shocking-vulnerability-of-26-trillion-treasury-market","to_ping":"","pinged":"","post_modified":"2023-11-16 20:05:54","post_modified_gmt":"2023-11-16 09:05:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14305","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9115,"post_author":"15","post_date":"2022-12-29 22:22:50","post_date_gmt":"2022-12-29 11:22:50","post_content":"\n
After FTX's demise, investors are getting out of centralized exchanges and welcoming decentralized finance<\/a> platforms.<\/p>\n\n\n\n
\n
Investors started pulling out their cryptocurrencies off of centralized exchanges after FTX's scandal<\/a> hit front page. It becomes a bother leaving your assets in the hands of a centralized entity. Holders are leaning toward self-custody practices while traders are engaging and willing to learn how to navigate the defi (decentralized finance) space.<\/li>\n<\/ul>\n\n\n\n
\n
As centralized exchanges are vulnerable to risks like bankruptcy, the defi platforms are a feeding ground for hackers. According to the data of\u00a0 DefiLlama<\/a>, the largest multi-chain defi TVL (total value locked<\/a>) aggregator, defi-related hacks account for $3.24 billion in 2022 alone. Overall, there is $5.00 billion worth of hacked defi funds wherein the $2.53 billion was due to bridge<\/a> exploits.\u00a0<\/li>\n<\/ul>\n\n\n\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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November 24, 2024

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December 3, 2024

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Follow The Distributed

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ADVERTISEMENT

\n
In a desperate bid to salvage the situation, ICBC's Chinese parent injected a cash lifeline into its U.S. unit, enabling it to settle its debt with BNY Mellon. The ransomware attack, which temporarily crippled ICBC's operations, has now ignited a fiery debate within the financial sector about the resilience of the Treasury market, a linchpin of global finance.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Google Establishes A Hacking Policy Council Among Others; Cybersecurity And Vulnerability Management<\/a><\/p>\n\n\n\n
ICBC, on a mission to recover from the cyber onslaught, has engaged the services of cybersecurity firm MoxFive to fortify its systems. However, the recovery process is anticipated to stretch until Monday, leaving the Wall Street community on edge.<\/p>\n\n\n\n
In an extraordinary move, ICBC urged its clients to suspend business temporarily and reroute trades elsewhere, creating a ripple effect as other market participants scrambled to assess potential exposure. While the full impact of the attack is yet to be unveiled, market insiders predict that it could cast a dark shadow over the regulatory review of the Treasury market, intensifying scrutiny on cyber threats.<\/p>\n\n\n\n
Experts underscore the critical need for broader central clearing to mitigate the risk of a domino effect of defaults. As the financial world grapples with the aftermath of this cyber catastrophe, the incident is poised to take center stage at the upcoming Treasury market conference on November 16.<\/p>\n\n\n\n
ICBC<\/a> Financial Services, a mid-sized player by Wall Street standards, now stands as a cautionary tale of the potential havoc that a cyber-attack can wreak on the intricate machinery of the financial markets. As the company races against time to restore normalcy, Wall Street braces for the unsettling revelations that may follow.<\/p>\n\n\n\n
This unprecedented hack serves as a stark reminder that, in the digital age, even the mighty financial institutions are not immune to the perils of cyber warfare. The aftermath of the ICBC hack is a testament to the fragility of the financial ecosystem, raising questions about the adequacy of current security measures in an era where the stakes have never been higher.<\/p>\n","post_title":"ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"icbc-hack-reveals-shocking-vulnerability-of-26-trillion-treasury-market","to_ping":"","pinged":"","post_modified":"2023-11-16 20:05:54","post_modified_gmt":"2023-11-16 09:05:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14305","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9115,"post_author":"15","post_date":"2022-12-29 22:22:50","post_date_gmt":"2022-12-29 11:22:50","post_content":"\n
After FTX's demise, investors are getting out of centralized exchanges and welcoming decentralized finance<\/a> platforms.<\/p>\n\n\n\n
\n
Investors started pulling out their cryptocurrencies off of centralized exchanges after FTX's scandal<\/a> hit front page. It becomes a bother leaving your assets in the hands of a centralized entity. Holders are leaning toward self-custody practices while traders are engaging and willing to learn how to navigate the defi (decentralized finance) space.<\/li>\n<\/ul>\n\n\n\n
\n
As centralized exchanges are vulnerable to risks like bankruptcy, the defi platforms are a feeding ground for hackers. According to the data of\u00a0 DefiLlama<\/a>, the largest multi-chain defi TVL (total value locked<\/a>) aggregator, defi-related hacks account for $3.24 billion in 2022 alone. Overall, there is $5.00 billion worth of hacked defi funds wherein the $2.53 billion was due to bridge<\/a> exploits.\u00a0<\/li>\n<\/ul>\n\n\n\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The hack, described as extensive, plunged ICBC's New York-based unit, ICBC Financial Services, into chaos. The magnitude of the attack was such that even the corporate email system collapsed, pushing employees to resort to Google Mail for communication. Sources reveal that the blackout left the brokerage temporarily indebted to BNY Mellon by a staggering $9 billion, significantly exceeding its net capital.<\/p>\n\n\n\n
In a desperate bid to salvage the situation, ICBC's Chinese parent injected a cash lifeline into its U.S. unit, enabling it to settle its debt with BNY Mellon. The ransomware attack, which temporarily crippled ICBC's operations, has now ignited a fiery debate within the financial sector about the resilience of the Treasury market, a linchpin of global finance.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Google Establishes A Hacking Policy Council Among Others; Cybersecurity And Vulnerability Management<\/a><\/p>\n\n\n\n
ICBC, on a mission to recover from the cyber onslaught, has engaged the services of cybersecurity firm MoxFive to fortify its systems. However, the recovery process is anticipated to stretch until Monday, leaving the Wall Street community on edge.<\/p>\n\n\n\n
In an extraordinary move, ICBC urged its clients to suspend business temporarily and reroute trades elsewhere, creating a ripple effect as other market participants scrambled to assess potential exposure. While the full impact of the attack is yet to be unveiled, market insiders predict that it could cast a dark shadow over the regulatory review of the Treasury market, intensifying scrutiny on cyber threats.<\/p>\n\n\n\n
Experts underscore the critical need for broader central clearing to mitigate the risk of a domino effect of defaults. As the financial world grapples with the aftermath of this cyber catastrophe, the incident is poised to take center stage at the upcoming Treasury market conference on November 16.<\/p>\n\n\n\n
ICBC<\/a> Financial Services, a mid-sized player by Wall Street standards, now stands as a cautionary tale of the potential havoc that a cyber-attack can wreak on the intricate machinery of the financial markets. As the company races against time to restore normalcy, Wall Street braces for the unsettling revelations that may follow.<\/p>\n\n\n\n
This unprecedented hack serves as a stark reminder that, in the digital age, even the mighty financial institutions are not immune to the perils of cyber warfare. The aftermath of the ICBC hack is a testament to the fragility of the financial ecosystem, raising questions about the adequacy of current security measures in an era where the stakes have never been higher.<\/p>\n","post_title":"ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"icbc-hack-reveals-shocking-vulnerability-of-26-trillion-treasury-market","to_ping":"","pinged":"","post_modified":"2023-11-16 20:05:54","post_modified_gmt":"2023-11-16 09:05:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14305","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9115,"post_author":"15","post_date":"2022-12-29 22:22:50","post_date_gmt":"2022-12-29 11:22:50","post_content":"\n
After FTX's demise, investors are getting out of centralized exchanges and welcoming decentralized finance<\/a> platforms.<\/p>\n\n\n\n
\n
Investors started pulling out their cryptocurrencies off of centralized exchanges after FTX's scandal<\/a> hit front page. It becomes a bother leaving your assets in the hands of a centralized entity. Holders are leaning toward self-custody practices while traders are engaging and willing to learn how to navigate the defi (decentralized finance) space.<\/li>\n<\/ul>\n\n\n\n
\n
As centralized exchanges are vulnerable to risks like bankruptcy, the defi platforms are a feeding ground for hackers. According to the data of\u00a0 DefiLlama<\/a>, the largest multi-chain defi TVL (total value locked<\/a>) aggregator, defi-related hacks account for $3.24 billion in 2022 alone. Overall, there is $5.00 billion worth of hacked defi funds wherein the $2.53 billion was due to bridge<\/a> exploits.\u00a0<\/li>\n<\/ul>\n\n\n\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market

November 15, 2023 - Updated on November 16, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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\n
In a rather unforeseen turn of events, Wall Street<\/a> has been sent into a tailspin following the unprecedented cyber hack that targeted the Industrial and Commercial Bank of China's (ICBC) U.S. broker-dealer. The incident, orchestrated by the notorious cybercrime gang Lockbit, exposed shocking vulnerabilities and raised serious concerns about the $26 trillion Treasury market.<\/p>\n\n\n\n
The hack, described as extensive, plunged ICBC's New York-based unit, ICBC Financial Services, into chaos. The magnitude of the attack was such that even the corporate email system collapsed, pushing employees to resort to Google Mail for communication. Sources reveal that the blackout left the brokerage temporarily indebted to BNY Mellon by a staggering $9 billion, significantly exceeding its net capital.<\/p>\n\n\n\n
In a desperate bid to salvage the situation, ICBC's Chinese parent injected a cash lifeline into its U.S. unit, enabling it to settle its debt with BNY Mellon. The ransomware attack, which temporarily crippled ICBC's operations, has now ignited a fiery debate within the financial sector about the resilience of the Treasury market, a linchpin of global finance.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Google Establishes A Hacking Policy Council Among Others; Cybersecurity And Vulnerability Management<\/a><\/p>\n\n\n\n
ICBC, on a mission to recover from the cyber onslaught, has engaged the services of cybersecurity firm MoxFive to fortify its systems. However, the recovery process is anticipated to stretch until Monday, leaving the Wall Street community on edge.<\/p>\n\n\n\n
In an extraordinary move, ICBC urged its clients to suspend business temporarily and reroute trades elsewhere, creating a ripple effect as other market participants scrambled to assess potential exposure. While the full impact of the attack is yet to be unveiled, market insiders predict that it could cast a dark shadow over the regulatory review of the Treasury market, intensifying scrutiny on cyber threats.<\/p>\n\n\n\n
Experts underscore the critical need for broader central clearing to mitigate the risk of a domino effect of defaults. As the financial world grapples with the aftermath of this cyber catastrophe, the incident is poised to take center stage at the upcoming Treasury market conference on November 16.<\/p>\n\n\n\n
ICBC<\/a> Financial Services, a mid-sized player by Wall Street standards, now stands as a cautionary tale of the potential havoc that a cyber-attack can wreak on the intricate machinery of the financial markets. As the company races against time to restore normalcy, Wall Street braces for the unsettling revelations that may follow.<\/p>\n\n\n\n
This unprecedented hack serves as a stark reminder that, in the digital age, even the mighty financial institutions are not immune to the perils of cyber warfare. The aftermath of the ICBC hack is a testament to the fragility of the financial ecosystem, raising questions about the adequacy of current security measures in an era where the stakes have never been higher.<\/p>\n","post_title":"ICBC Hack Reveals Shocking Vulnerability of $26 Trillion Treasury Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"icbc-hack-reveals-shocking-vulnerability-of-26-trillion-treasury-market","to_ping":"","pinged":"","post_modified":"2023-11-16 20:05:54","post_modified_gmt":"2023-11-16 09:05:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14305","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9115,"post_author":"15","post_date":"2022-12-29 22:22:50","post_date_gmt":"2022-12-29 11:22:50","post_content":"\n
After FTX's demise, investors are getting out of centralized exchanges and welcoming decentralized finance<\/a> platforms.<\/p>\n\n\n\n
\n
Investors started pulling out their cryptocurrencies off of centralized exchanges after FTX's scandal<\/a> hit front page. It becomes a bother leaving your assets in the hands of a centralized entity. Holders are leaning toward self-custody practices while traders are engaging and willing to learn how to navigate the defi (decentralized finance) space.<\/li>\n<\/ul>\n\n\n\n
\n
As centralized exchanges are vulnerable to risks like bankruptcy, the defi platforms are a feeding ground for hackers. According to the data of\u00a0 DefiLlama<\/a>, the largest multi-chain defi TVL (total value locked<\/a>) aggregator, defi-related hacks account for $3.24 billion in 2022 alone. Overall, there is $5.00 billion worth of hacked defi funds wherein the $2.53 billion was due to bridge<\/a> exploits.\u00a0<\/li>\n<\/ul>\n\n\n\n
$\"\"$
The monthly chart of defi-related hacks (courtesy of DefiLlama<\/a>)<\/figcaption><\/figure>\n\n\n\n
\n
Despite growing concerns on whether it is safe engaging with defi platforms, defi-related hacks this month is significantly low. It is notable that in December this year, the total value exploited was $17.71 million as of writing. Which is only 2.5% of the total amount hacked during October 2022. It is not clear yet what caused the decline but it shows us that defi platforms are learning from the mistake of unfortunate others. <\/li>\n<\/ul>\n\n\n\n
\n
Regardless of hack risk, crypto\u00a0 projects would rather get hacked than pay bounties<\/a>. In a\u00a0 tweet<\/a>\u00a0by a Web3 developer, he claimed that he found a vulnerability in a Solana smart contract<\/a>. According to the dev, he reported and helped fix the problem. But when he requested a reward, the project started ignoring him. <\/li>\n<\/ul>\n\n\n\n
<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8296,"post_author":"12","post_date":"2022-11-13 18:46:43","post_date_gmt":"2022-11-13 07:46:43","post_content":"\n
After Sam Bankman-Fried had stepped down as CEO, John Ray who is the new CEO of FTX made a statement on Twitter in relation to hundreds of millions being drained from the exchange.<\/p>\n\n\n\n
\n
FTX has experienced turmoil in the past few days, going from their assets being \"fine\" to filing for bankruptcy<\/a> just days later.<\/li>\n<\/ul>\n\n\n\n
\n
John Ray who has taken SBFs place as CEO let Twitter know<\/a> that \"as widely reported, unauthorized access to certain assets has occurred.\" \"We have been in contact with, and are coordinating with law enforcement and relevant regulators,\"<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
\n
The admin of FTX Community Chat warned<\/a> users of the FTX app were warned to delete it as malware had compromised the application. The admin advised them to stay off of the FTX site too as it may download trojans.<\/li>\n<\/ul>\n\n\n\n
\n
With millions being drained from users' accounts by the second as the hack progressed, many users saw account balances falling to $0. Although an FTX admin reported<\/a> that \"Not all hope is lost. Engineers have managed to retrieve a substantial amount of funds.\" With a reported<\/a> total of $650M being drained. <\/li>\n<\/ul>\n\n\n\n
\n
Although looking from the outside, FTX had started moving assets to cold storage to \"mitigate damage upon observing unauthorized transactions.\"<\/em> The total number of assets lost in the hack is still unknown, but users should take this into account when estimating this figure.<\/li>\n<\/ul>\n\n\n\n
\n
It was found that Kraken was potentially used to offload the funds of the hack, CSO of Kraken Nick Percoco stated<\/a> that \"We know the identity of the user.\" With many believing this could have been an inside job.<\/a><\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n","post_title":"Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bankrupt-ftx-investigates-650m-hack-users-warned-to-delete-ftx-app","to_ping":"","pinged":"","post_modified":"2022-11-14 21:21:58","post_modified_gmt":"2022-11-14 10:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8296","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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