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Fraud

THORChain Loses $5M in Latest DeFi Exploit

  • While it was initially reported the protocol had lost around 13,000 ETH in the attack, more detailed assessments have put that number to around 4,000.
  • The THORChain vulnerability is already being patched, and the team behind the project has said that users will be compensated for their losses.
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  • While it was initially reported the protocol had lost around 13,000 ETH in the attack, more detailed assessments have put that number to around 4,000.
  • The THORChain vulnerability is already being patched, and the team behind the project has said that users will be compensated for their losses.
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London Police Seize $160 Million in Crypto in Largest-Ever AML Investigation

  • The Metropolitan Police have seized $160 million worth of cryptocurrencies in the country's largest AML confiscation ever.
  • The Met's Economic Crime Command wants to prevent money laundering using crypto and is lobbying for tougher laws.
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Cyber Criminals Targeting Gamers With Monero Mining Malware

  • The "Crackonosh" malware was found hidden in cracked versions of popular games such as NBA 2K19, GTA V, and Far Cry 5.
  • Active since 2018, the malware has drained over $2 million in XMR from users and affected around 220,000 computers.
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Bogged Finance Suffers $3M Flash Loan Exploit

  • The project's development team discovered and mitigated the attack within 45 seconds, but the attacker was still able drain $3 million of the $6 million of liquidity.
  • The team is currently working on a plan to mitigate the situation, which uses the same exploit as the unknown attacker.

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PancakeBunny Suffers Flash Loan Attack

  • The attacker was able to get away with almost 700,000 BUNNY tokens and 114,000 BNB tokens, which at the time were worth around $200 million.
  • PancakeBunny is the third, and largest, BSC-based DeFi project to suffer from an exploit in the last 30 days.
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BSC-Based Spartan Protocol Exploited For $30M

  • The attacker targeted a "flawed liquidity share calculation" in the project's SPARTA/WBNB pool to steal roughly $30 million.
  • Another Binance Smart Chain project, Uranium Finance, lost more than $50 million in an exploit less than a week ago.
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Hotbit Shuts Down After Unsuccessful Hack Attempt

  • After the attempted hack, the exchange was forced to shut down all of its services, and enter maintenance mode, which could last between 7 and 14 days.
  • Hotbit noted that user funds remain safe, but warned its customers to be weary of phishing attempts, as its database had been compromised.
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BSC-Based Uranium Finance Exploited for $50M

  • The attacker reportedly stole 80 BTC, 1,800 ETH, 17.9 million BUSD, 5.7 million USDT, 638,000 ADA, 26,500 DOT, 34,000 wBNB, and 112,000 U92.
  • Back on 3 April the project was attacked again, with the hacker stealing $1.3 million worth of BNB and BUSD at the time.
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Turkish Crypto Exchange Under Investigation for Fraud

  • The investigation of Thodex began only a week after the Turkish central bank announce it was banning the use of crypto for payments.
  • It is alleged the company's CEO fled the country only a day after the exchange halted crypto trading and withdrawals.
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EasyFi Hack Was Caused by Compromised Admin Keys

  • Compromised MetaMask admin keys were used to drain over $70 million in EASY tokens from the protcol.
  • CEO Ankitt Gaur offered a $1 million reward for returning the funds.
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5 Hackers Attacked ForceDAO on Launch Day

  • The newly launched DeFi platform lost 183 ETH only hours after it launched its airdrop campaign.
  • One of the five attackers turned out to be a "white-hat" hacker, who assisted the ForceDAO team and prevented further losses.
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Florida Teen Pleads Guilty to Twitter Bitcoin Scam

  • The teenager tricked Twitter employees into giving him access to the customer service portal.
  • Alongside two accomplices, the teen defrauded people out of $118,000 worth of BTC.
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PancakeSwap, Cream Finance Experiencing DNS Hijacks

  • Both platforms are experiencing a DNS hijack at the moment, with the malicious actor requesting users provide their seed phrases.
  • The issue is already being investigated, with both Cream Finance and PancakeSwap warning users to keep away from the websites until it is resolved.
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Crypto Hedge Fund Founder Admits to $90M Fraud

  • Stefan Qin, the founder of Virgil Sigma Fund LP and VQR Multistrategy Fund LP, used a part of the stolen funds to support his lavish lifestyle.
  • Qin stole almost all the funds from Virgil Sigma, and then tried to dip into VQR Fund to pay back investors in Sigma.