Fun

News Feed - 2023-07-26 03:07:40

Tom Blackstone5 hours agoAlphapo payment provider hack now estimated at over $60M — ZachXBTThe on-chain sleuth ZachXBT claims to have found an additional $37 million in losses suffered from the unconfirmed attack.2129 Total views14 Total sharesListen to article 0:00NewsJoin us on social networksThe alleged Alphapo payments provider hack of July 23 is now estimated to have caused losses exceeding $60 million, according to a July 25 report from on-chain sleuth ZachXBT. The loss was previously reported at roughly $31 million.Hack update: An additional $37M stolen on TRON & BTC from this hack has been located.

This now brings the total amount stolen to $60M.

This hack appears to likely have been done by Lazarus as they create a very distinct fingerprint on-chain. pic.twitter.com/ACGSXiDwW3— ZachXBT (@zachxbt) July 25, 2023


Alphapo is a centralized crypto payment provider for e-commerce subscription services, gaming sites and other online businesses. It’s known as the provider for mystery box platform HypeDrop and gambling sites Bovada and Ignition. On July 23, security experts began reporting that the site’s hot wallets appeared to have been drained of at least $21 million, with some sources reporting that the losses exceeded $31 million.


At the time, Alphapo did not comment on the alleged hack, but it did tell Cointelegraph that deposits and withdrawals were being reinstated at new addresses. The team said funds deposited to old addresses will be “additionally verified.” HypeDrop confirmed that its payment provider was “experiencing issues” that were causing withdrawals to be delayed but that withdrawals would be reinstated once the issue was resolved.


Related:Curve omnipool platform Conic Finance hacked for $3.2M in ETH


Neither company confirmed that the issues were caused by a hack, but security researchers have argued that the large outflows from known hot wallets, combined with stalled withdrawals, imply that the funds may have been moved by an attacker.


The new report from ZachXBT identifies an additional $37 million allegedly drained from the old addresses on the Tron and Bitcoin networks, bringing the total to more than $60 million in losses. Citing data from Dune Analytics, the on-chain sleuth argued that the Lazarus Group may be behind the attack:“This hack appears to likely have been done by Lazarus as they create a very distinct fingerprint on-chain.”


The Lazarus Group is a cybercrime group first identified by a consortium of security researchers led by Novetta in 2014. The group is believed to have ties to the government of North Korea.


Alphapo is not the only centralized crypto provider to have suffered mysteriously large withdrawals in July. On July 7, cross-chain bridging protocol Multichain suffered over $100 million in unexplained withdrawals. On July 14, the Multichain team announced that it would stop operations after revealing that these withdrawals had been caused by an attacker accessing the protocol’s private keys through a cloud storage service.# Blockchain# Business# Decentralization# GamblingAdd reactionAdd reactionRelated NewsWhat are NFT royalties, and how do they work?AI and dot-com bubble share some similarities but differ where it countsZero-knowledge tech development heats up amid bear marketItaly’s central bank calls for framework to prevent stablecoin runsUniversities use blockchain-based storage to protect and democratize dataEnterprise blockchain: ‘Ethereum for Business’ explains key use cases

News Feed

Founder of Crypto Exchange Bitzlato Denies US Charges
Founder of Crypto Exchange Bitzlato Denies US Charges The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legk
French Luxury Brand Hermes Wins NFT Trademark Infringement Lawsuit
French Luxury Brand Hermes Wins NFT Trademark Infringement Lawsuit French luxury brand Hermes has won a lawsuit against an artist who depicted its famous Birkin bags in a non-fungi
Brayden Lindrea8 hours agoGrayscale Bitcoin ETF decision could happen this week, pundits sayThe pending Grayscale ruling could impact the race for an approved spot Bitcoin exchange-traded fund.5467 Total views43 Total sh
Liquid Staking Platform Lido Sees Largest Daily Stake Inflow, Receives 150,000 ETH Reportedly From Tron Founder
Liquid Staking Platform Lido Sees Largest Daily Stake Inflow, Receives 150,000 ETH Reportedly From Tron Founder On Saturday, the liquid staking protocol Lido tweeted about the larg
Solana Block Production Stalls for Hours, SOL Holders Unable to Transact, Validators Deploy a Fix
Solana Block Production Stalls for Hours, SOL Holders Unable to Transact, Validators Deploy a Fix According to reports on social media, crypto forums, onchain metrics, and the Sola
Martin Young19 hours agoBitcoin miners send record $128M in revenue to exchangesBitcoin miners have sent up to 315% of their daily revenue to exchanges but BTC prices are yet to react.8628 Total views9 Total sharesListen
Uniswap Rally Loading—Here’s Why The Next Move Could Be Explosive
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence
Este artículo también está disponible en español. The Ethereum price appeared to be finally gearing for a strong bullish breakout after multiple weeks of disappointing an
SEC Chairman Warns Most Crypto Will Fail — Says ‘Don’t Get Caught up in FOMO, Fear of Missing Out’
SEC Chairman Warns Most Crypto Will Fail — Says "Don"t Get Caught up in FOMO, Fear of Missing Out" The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler
Binance US Announces Dogecoin Listing
Crypto-lands favorite meme-coin is hitting another U.S.-based exchange. Binance.US has announced Thursday the listing of dogecoin under the DOGE/USDT trading pair. For now, only dep
‘Buy Bitcoin’ sign that photobombed Janet Yellen sells for $1M
Jesse Coghlan3 hours ago‘Buy Bitcoin’ sign that photobombed Janet Yellen sells for $1MThe original scrawled sign was auctioned off by “Bitcoin Sign Guy” Christian Langalis for 16 BTC after apparently sitting in h
Texas Blockchain Council endorses Ted Cruz for US Senate
Turner Wright1 hour agoTexas Blockchain Council endorses Ted Cruz for US SenateThe junior senator from Texas has spoken at several crypto conferences about Bitcoin mining and its potential benefits for the Lone Star Stat