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Trust Wallet's Chrome extension was hacked due to a supply chain attack, resulting in the theft of $8.5 million in assets. An attacker exploited leaked developer secrets to upload a malicious version of the extension, which harvested users' wallet information. Trust Wallet has begun a reimbursement process for affected users and implemented new security measures.
The article discusses the U.S. government's seizure of $3.6 billion from the 2016 Bitfinex hack. It highlights the uncertain timeline for regaining these funds, the potential for gradual sales impacting Bitcoin, and the positive press from recovering stolen assets.
Upbit, a South Korean crypto exchange, lost $30 million due to a security breach that exposed a vulnerability related to private keys. The company's CEO acknowledged the failure in security management and stated that the North Korean Lazarus Group is suspected to be behind the attack.
Ilya Lichtenstein, convicted for his role in the 2016 Bitfinex hack, announced his early release from prison, citing the First Step Act. He and his wife, Heather Morgan, pleaded guilty in 2023 after stealing over 119,000 bitcoin from the exchange. Lichtenstein is currently on home confinement.
Balancer's DeFi protocol was exploited, resulting in a loss of $116 million due to a sophisticated code attack that targeted specific stable pools. The hacker manipulated a rounding function in conjunction with BatchSwaps to drain the funds. Balancer has paused affected pools and is working with partners to recover some of the stolen assets.
A recent hack of the cryptocurrency exchange Coinbase has raised concerns about security in the crypto industry. The breach reportedly involved unauthorized access to user accounts and the potential theft of funds, prompting discussions about the need for stronger security measures in digital asset platforms.
Indian crypto exchange CoinDCX has confirmed that approximately $44 million was stolen during a recent hack. The exchange is working to secure its platform and is investigating the breach to prevent future incidents.