<\/p>\n
On September 11, the hacker first transferred 520,000 MATIC tokens, worth over $266,000, which were bridged to the Avalanche blockchain. <\/span>Some hours later, 300 BNB tokens valued at approximately $61,500 were sent to an externally owned address labeled \u201c0x695\u2026\u201d.\u00a0<\/span><\/p>\n Before these recent transfers, the hacker had bridged $4.5 million to different Bitcoin blockchain addresses. This was <\/span>reported<\/span><\/a> by the blockchain security company Arkham on September 7. The total amount transferred, now at $4.8 million, only constitutes 1.2% of the total $41 million stolen by the hackers.<\/span><\/p>\n<\/div>\n The Stake hackers exploited the platform by gaining access to the private keys of the platform\u2019s Binance Smart Chain and Ethereum hot wallets.\u00a0<\/span><\/p>\n According <\/span>to the<\/span><\/a> United States Federal Bureau of Investigation (FBI), the Lazarus Group from North Korea \u2013 known for its involvement in various cybercrimes, including hacking and cryptocurrency-related attacks, might be behind this exploit.\u00a0<\/span><\/p>\n The recent hack of $41 million from Stake has contributed to the cumulative losses from cryptocurrency hacks and scams in 2023.\u00a0<\/span>As a result of this incident, the total losses in the cryptocurrency industry have now surpassed the $1 billion mark.<\/span><\/p>\n Before the Stake attack, CertiK had reported the total losses to be approximately $997 million at the end of August.<\/span>\u00a0<\/span>But for August alone, CertiK <\/span>report<\/span><\/a>ed<\/span> that exit scams resulted in approximately $26 million in losses. Flash loan attacks accounted for $6.4 million, and exploits caused losses of $13.5 million.<\/span><\/p>\n The cybersecurity firm verified that these combined losses exceeded $45 million for the past month. <\/span>However, with several attacks occurring in the past two weeks, the overall figure has now crossed the $1 billion threshold.\u00a0<\/span><\/p>\n For instance, a prominent cryptocurrency <\/span>investor lost<\/span><\/a> $24 million of staked Ether (ETH) in a phishing attack on September 6.\u00a0<\/span>Additionally, Vitalik Buterin\u2019s X (formerly Twitter) account was <\/span>compromised<\/span><\/a> on September 9, and the hacker used it to trick several individuals into participating in a nonfungible token scam, resulting in a total loss of $691,000.<\/span><\/p>\n Considering these incidents, in addition to CertiK\u2019s previous estimate from August, the total losses due to cryptocurrency-related incidents would now exceed at least $1.04 billion.<\/span><\/p>\n Other recent incidents include a <\/span>withdrawal<\/span><\/a> involving Pepe coin (PEPE), resulting in a loss of $13.2 million for investors.\u00a0<\/span>Also, a security <\/span>vulnerability<\/span><\/a> was exposed on the Balancer platform, resulting in damages totaling $2.1 million.<\/span><\/p>\n Featured image from Pixabay and chart from TradingView.com<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":" The hacker responsible for the $41 million hack of the crypto casino Stake on September 4 made another move on September 11. Following this, they transferred an additional $328,000 worth of Polygon (MATIC) and BNB (BNB) tokens, as the blockchain security company CertiK reported. Transferred Funds By Hackers Are Estimated At $4.8 Million On September […]<\/p>\n","protected":false},"author":2,"featured_media":154529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-154528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=154528"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154528\/revisions"}],"predecessor-version":[{"id":154531,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154528\/revisions\/154531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/154529"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=154528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=154528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=154528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Total Amount Of Money Lost Due To Hacks And Scams Has Exceeded $1 Billion<\/h2>\n