All posts tagged: crypto hack

Crypto DeFi Project Cetus Protocol Suffers Security Breach

Crypto DeFi Project Cetus Protocol Suffers Security Breach

Published by Webster

Cetus Protocol, a decentralised crypto exchange and key liquidity provider on the Sui blockchain, said it lost approximately $223 million (roughly Rs. 1,910 crore) in a security breach. The project confirmed the incident in a post on X, formerly Twitter, stating that its smart contracts had been paused “temporarily for safety” and that a full investigation is underway. “The team is investigating the incident at the moment. A further investigation statement will be made soon,” the post said.   :rotating_light:Alert Announcement :rotating_light: There was an incident detected on our protocol and our smart contract has been paused temporarily for safety. The team is investigating the incident at the moment. A further investigation statement will be made soon. We are grateful for your patience. — Cetus:whale: (@CetusProtocol) May 22, 2025 “We have took immediate action to lock our contract preventing further theft of funds. $162 million (roughly Rs. 1,387 crore) of the compromised funds have been successfully paused,” the firm said in a statement to Bloomberg News. “We are working with the Sui Foundation and other ecosystem members …

YouTube Restores Access After Crypto Scammers Hijack Ranveer Allahbadia’s Channel to Trick Viewers

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Two YouTube channels of content creator Ranveer Allahbadia (also known as BeerBiceps) were hacked by crypto fraud-promoting miscreants. Allahbadia hosts interactive sessions with Indian celebrities, spiritual leaders, and politicians, with a collective subscriber base of over 12 million.  Following the account breach, both of his channels were inaccessible to him, according to the creator. Meanwhile, the cybercriminals replaced related logos and images with those of Elon Musk and Tesla, and deleted all of the videos that were published on the channels. The scammers soon began to promote a crypto fraud scheme as well, using Allahbadia’s account. YouTube has since restored access to Allahbadia’s channels following the breach. In the meanwhile, the hackers managed to display crypto schemes to entice viewers with promises of 200 percent returns. The hacker soon started a livestream on Allahbadia’s YouTube channels, featuring photos of Musk and Donald Trump. A QR code was displayed on screen, which when scanned, redirected users to a fake Tesla-inspired website. This website also featured a giveaway worth $100 million (roughly Rs. 836 million) to the …

Clipper Malware Poses Threat to Crypto Transactions: Binance Urges Users to Triple-Check Withdrawal Addresses

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The crypto sector, that is presently valued at over $2 trillion (roughly Rs. 1,70,32,400 crore), is under constant threat from malicious actors who are increasing in number at a rapid pace globally. In a recent blog, Binance sounded an alert about the ‘clipper malware’, that is being used by cyber criminals to manipulate transaction details and steal tokens. This information from Binance comes just days after the FBI disclosed that crypto users lost over $5.6 billion (roughly Rs. 47,029 crore) last year through scams and frauds. Understanding Clipper Malware You may have noticed that when you copy something on your phone, the information is saved to the ‘clipboard’ for easy pasting into another app. This clipboard is precisely where cybercriminals are targeting with Clipper malware. Crypto wallet addresses are usually made of random combination of numbers and alphabets, that are hard to remember. People frequently copy wallet addresses during transactions. As per Binance, the clipper malware intercepts this data on the clipboard. “When a user copies and pastes a wallet address to transfer cryptocurrency, the …

Cyber Criminals Have New Tool ‘Drainer’ to Rob Crypto Holders, Beware of Web3 Ads on Google, X

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The crypto sector, which currently holds a market cap of $1.66 trillion (roughly Rs. 138,06,635 crore, is no new hotspot for cyber criminals to lurk around. With new tools and applications, notorious cyber actors often find their way into crypto protocols only to steal these digital assets. One such latest tool being used by these hackers is called the ‘drainer’. Recent reports from research platforms have shown that these drainers are being promoted via advertisements on Google and X. Over ten thousand phishing websites have been identified to be using the ‘MS Drainer’ — many of which are surfacing as ads on Google and X, said a report by Bleeping Computer. With the use of this drainer, crypto hackers have reportedly been able to rob 63,210 victims so far and have managed to get away with a stolen wealth of $59 million (roughly Rs. 490 crores) between March and November this year. What is a ‘Drainer’? A drainer is essentially a smart contract that is whipped up with malicious coding to target crypto protocols. A …

Bitcoin Developer Luke Dashjr Loses Over 215 BTC in Hack Attack: Here’s What Happened

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Bitcoin’s Luke Dashjr, one of the core developers behind the cryptocurrency, did not start the new year of 2023 on a bright note. His crypto wallet was struck by a hack attack, leading to the loss of 216.93 BTC from his personal holdings. At the time of writing, BTC’s price stood at $16,570 (roughly Rs. 13.7 lakh). This means, Dashjr is estimated to have lost $3.6 million (roughly Rs. 30 crore) in the cyber-attack. The notorious actor(s) claimed access to the privacy key to Dashjr’s crypto wallet and drained off the big chunk of his total BTC holding. The hackers exploited Dashjr’s Pretty Good Privacy (PGP) key — that would have allowed the hacker(s) to infiltrate two private keys to execute the fund drain. “Help please,” tweeted Dashjr, as he shared details about the incident. Evidently disappointed, he later tweeted, “it’s basically all gone”. The software mogul also shared a wallet address, where the stolen Bitcoin were supposedly redirected to. PSA: My server was accessed this morning by an unknown person. Full analysis in progress, …