Weekly Roundup: Market Shaken by Crypto Breaches, Scams, and Rug Pulls
Major Bitcoin Holder Falls Victim to Hackers, Resulting in Stolen Funds and Phishing Attacks
The world of cryptocurrency experienced a rollercoaster week filled with high-profile hacks, phishing attempts, and even a rug pull that led to significant financial losses. From large corporations to individual investors, no one was safe from these attacks.
One of the most shocking events occurred when hackers breached the largest corporate Bitcoin holder and gained unauthorized access to their coveted X credentials. This breach resulted in the posting of malicious phishing links, which were quickly removed. However, the total losses amounted to nearly half a million dollars.
Further investigation by Scam Sniffer, the Web3 anti-scam platform, revealed that the hacker also stole several altcoins, including $wBAI, $wPOKT, and $CHEX. What is particularly alarming is that a single user lost all of this cryptocurrency, highlighting the severity of the hack.
In addition to this breach, there were other incidents that caused substantial losses. One such incident involved a misleading airdrop post that lured unsuspecting users into a trap. Clicking on the link led them to a counterfeit MicroStrategy page, where attackers drained their tokens.
Furthermore, the Serenity Shield token, once considered a “crypto legacy solution,” suffered a massive decline of almost 99% in value after approximately 6.9 million SERSH tokens, worth $5.6 million at the time, were reportedly stolen from one of the team’s MetaMask wallets. Serenity Shield responded to the breach by temporarily halting all trading, deposits, and withdrawals of SERSH on centralized exchanges. They are actively working to restore liquidity and are launching a new SERSH token through a robust smart contract to safeguard their ecosystem.
Another incident involved Seneca’s Chamber contracts, which were affected by a bug approval, resulting in the compromise of user funds. However, approximately $5.3 million of the stolen funds were recovered through a Whitehat request, leaving $1.04 million as a bounty. Fortunately, the breach did not directly affect funds deposited into Seneca but rather targeted assets held in users’ wallets.
Even Grayscale, a prominent cryptocurrency investment company, fell victim to hackers when their official website was attacked by the anti-capitalist hacker group, Capital Killer. The group claimed this attack as a gift to the AVAV community in support of fairness and anti-capitalism.
Additionally, Aleo, a blockchain project known for its emphasis on privacy, experienced a mishap when it accidentally emailed private identification documents to the wrong users. Aleo promptly addressed the issue, blaming it on a copy/paste error in email metadata. They removed the exposed information, investigated the cause, and informed the affected individuals.
Lastly, the decentralized cross-chain protocol Shido Network executed a rug pull on the Ethereum blockchain. The owner of the SHIDO token staking contract upgraded the contract, withdrew a significant amount of SHIDO tokens, and sold them for 692 ETH, equivalent to $2.1 million.
Overall, this week was filled with turbulence in the crypto world. It serves as a reminder for everyone to remain vigilant and stay informed about potential threats. Stay tuned for our weekly roundup for more updates on this ever-evolving landscape.