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Hackers created a fake WazirX account, deposited tokens, and began purchasing Gala (GALA) tokens. After draining the hot wallet , they accessed the cold wallet . When WazirX signatories accessed the multisig wallet, the hackers altered the smart contract controlling it.
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Cryptojacking is the act of exploiting a computer to mine cryptocurrencies, often through websites, [1] [2] [3] against the user's will or while the user is unaware. [4] One notable piece of software used for cryptojacking was Coinhive, which was used in over two-thirds of cryptojacks before its March 2019 shutdown. [5]
More broadly, Martin said, he hopes the crypto industry will imitate Microsoft, which famously switched to a security-by-design approach with the launch of Windows 7 in 2009.
Hackers transferred more than $600 million in cryptocurrency from the Poly Network on August 11 into a variety of digital wallets, Reuters reported. The hackers, who are still unidentified ...
The Poly Network exploit was an attack conducted by anonymous hackers on August 10, 2021. The attack transferred over $610 million in digital cryptocurrency to the hackers. All assets were returned to Poly Network over the following 15 days. It was one of the largest security incidents in DeFi's history in terms of mark-to-market value.
The indictment says that several weeks before the FTX hack, the scheme looted $293,000 in virtual currency from one victim, and days later, stole more than $1 million in crypto from another person.
A key aspect of privacy in blockchains is the use of private and public keys. Blockchain systems use asymmetric cryptography to secure transactions between users. [7] In these systems, each user has a public and private key. [7] These keys are random strings of numbers and are cryptographically related. [7]