hacker
Sam Bankman-Fried reveals the circumstances behind Bahamian withdrawals
FTX’s former CEO Sam Bankman-Fried has divulged what really went on in the days before it filed for bankruptcy when the exchange selectively reopened withdrawals — only for Bahamian users. In a telephone interview with crypto blogger Tiffany Fong, dated Nov. 16, Bankman-Fried claims to have made the decision to reopen withdrawals to Bahamian citizens as he did not want himself, nor the exchange, to be in a country “with a lot of angry people in it.” “The reason I did it was it was critical to the exchange being able to have a future because that’s where I am right now, and you do not want to be in a country with a lot of angry people in it and you do not want your company to be incorporated in a country with a lot of angry people in it,” he said. Bankman-Fried claims he gave Bahamian...
Mango Markets exploiter said actions were ‘legal,’ but was it?
The $117 million Mango Markets exploiter has defended that their actions were ‘legal,’ but a lawyer suggests that they could still face consequences. Self-described digital art dealer Avraham Eisenberg, outed himself as the exploiter in a series of tweets on Oct. 15 claiming he and a team undertook a “highly profitable trading strategy” and that it was “legal open market actions, using the protocol as designed.” I believe all of our actions were legal open market actions, using the protocol as designed, even if the development team did not fully anticipate all the consequences of setting parameters the way they are. — Avraham Eisenberg (@avi_eisen) October 15, 2022 The Oct. 11 exploit worked through Eisenberg and his team manipulating the value of their posted collateral — the platforms’ n...
White hat finds huge vulnerability in ETH to Arbitrum bridge: Wen max bounty?
A self-described white hat hacker has uncovered a “multi-million dollar vulnerability” in the bridge linking Ethereum and Arbitrum Nitro and received a 400 Ether (ETH) bounty for their find. Known as riptide on Twitter, the hacker described the exploit as the use of an initializing function to set their own bridge address, which would hijack all incoming ETH deposits from those trying to bridge funds from Ethereum to Arbitrum Nitro. Riptide explained the exploit in a Medium post on Sept. 20: “We could either selectively target large ETH deposits to remain undetected for a longer period of time, siphon up every single deposit that comes through the bridge, or wait and just front-run the next massive ETH deposit.” The hack could have potentially netted tens or even hundreds of millions worth...
Anonymous vows to bring Do Kwon’s ‘crimes’ to light
Hacktivist group Anonymous has pledged to “make sure” Terra co-founder Do Kwon is “brought to justice as soon as possible” in regards to the collapse of the Terra (LUNA) and TerraUSD (UST) ecosystems in May. On Sunday, a video purportedly coming from the Anonymous hacker group rehashed a laundry list of Kwon’s alleged wrongdoings, including cashing out $80 million each month from Luna and TerraUSD prior to its collapse as well as his role in the fall of stable coin Basis Cash, for which Do Kwon allegedly co-created under the pseudonym “Rick Sanchez” in late 2020. “Do Kwon, if you are listening, sadly, there is nothing that can be done to reverse the damage that you have done. At this point, the only thing that we can do is hold you accountable and make sure that you are brought to ju...
White hat hacker attempts to recover ‘millions’ in lost Bitcoin, finds only $105
Joe Grand, a computer engineer and hardware hacker known by many for recovering crypto from hard-to-reach places, spent hours breaking into a phone only to find a fraction of a Bitcoin. In a YouTube video released on Thursday, Grand traveled from Portland to Seattle in an effort to potentially recover “millions of dollars” in Bitcoin (BTC) from a Samsung Galaxy SIII phone owned by Lavar Sanders, a local bus operator. Sanders originally purchased the BTC in July 2016 in a “super sketchy” way, paying a person at a cafe and storing the crypto in a wallet on the phone before putting it in storage and losing track of the device. After finding the phone in 2021, Sanders couldn’t recall the swipe password, but remembered setting up the option of erasing the data if too many incorrect attempts wer...
Beanstalk Farms offers plea deal to perpetrators of $76M exploit
Beanstalk Farms, a credit-based stablecoin protocol exploited for around $76 million in crypto on April 18, has offered a bounty of 10% if the attackers return the funds. The offer was posted on the company’s Twitter and sent to the attackers via an on-chain message the following day. It proposed that the exploiters return 90% of the stolen funds to the Beanstalk Farms’ multisignature wallet. In return, the exploiters will be allowed to keep the remaining 10% as a whitehat bounty — a deal offered by platforms to reward individuals for reporting security exploits and vulnerabilities. As previously reported by Cointelegraph, the $76 million exploit, which was initially thought to be around $182 million, was not considered to be a hack, as the smart contracts and governance procedures u...
Engineer hacks Trezor wallet, recovers $2M in ‘lost’ crypto
A computer engineer and hardware hacker has revealed how he managed to crack a Trezor One hardware wallet containing more than $2 million in funds. Joe Grand — who is based in Portland also known by his hacker alias “Kingpin” — uploaded a Youtube video explaining how he pulled off the ingenious hack. After deciding to cash out an original investment of roughly $50,000 in Theta in 2018, Dan Reich, a NYC based entrepreneur, and his friend, realized that they had lost the security PIN to the Trezor One the tokens were stored on. After unsuccessfully trying to guess the security PIN 12 times, they decided to quit before the wallet automatically wiped itself after 16 incorrect guesses. But with their investment growing to $2 million this year, they redoubled their efforts to access the fu...
‘Anonymous’ Hacktivists Attack and Take Down United Nations Website
After hacking and taking down the Minneapolis Police Department website, the Anonymous hacker-group continued their protest spree and hacked the United Nations website, taking down a part of the site – the United Nations Civil Society Participation website – and replacing it with an image protesting the death of Minneapolis native George Floyd. Hacktivists protest by hacking a United Nations webpage. Floyd was killed by police officer Derek Chauvin – while in custody – who restrained Floyd with a knee to the back of the neck. Floyd was handcuffed and unarmed at the time. Riots were sparked across the United States and even other countries as footage of the incident was released online. The group posted a video to another hacked page with a message to the police of Minneapolis. “This traves...
