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The hacker’s wallet with more than $100K worth of USDT was blacklisted and frozen, while the Victim had been drained for almost $170K worth of NFTs and other assets. With the help of police and cyber authorities, a victim of a hack worth 90 Ether (ETH) has gotten the attacker’s Tether (USDT) address black listed . As a result, they may be able to get most of their funds back. [2023/08/11 17:30] USDT black listed 0x788bc56b67c289399cd6e2022f0d76484f04724a in block 17893148 https://t.co/WipjkHXFGp — usdt blacklist (@usdtblacklist) August 11, 2023 The victim, who goes by @l3yum on X (Twitter), was initially drained on March 16 after the hacker managed to get a hold of their hot wallet seed phrase. Several Yuga Labs-related NFTs were stolen, alongside some crypto and other NFTs from smaller projects, and then promptly swapped or sold off. In an Aug. 11 X thread, L3yum highlighted that the hacker’s Ethereum-based USDT address had been blacklisted, as he noted that: “Today after ...

According to the report, nearly half of the month’s losses were caused by the Multichain exploit which resulted in $231 million in losses alone. The cryptocurrency market is having its worst month of 2023, according to a report from Web3 outlet De.Fi shared with Cointelegraph. Losses for July totaled $486 million, more than six times the total from 2022: Source: Document shared with Cointelegraph, via De.Fi The report comes on the heels of several high profile hacks and exploits in the month of July and a flurry of legistlative activity surrounding the nature of cryptocurrency and digital assets. With a current reported recovery total of only $6.15 million, nearly 99% of all cryptocurrency and digital assets stolen in the month of July remain unrecovered. According to a document shared with Cointelegraph, the researchers at De.Fi believe not enough is being done to recover lost funds quickly: “Regrettably, the recovery efforts in July 2023 were woefully inadequate, with only $6,796,...

The contract has used an “anySwapFeeTo” function to transfer hundreds of thousands of dollars worth of tokens to itself, which on-chain sleuth Spreek suspected may have been malicious. A person is using the Multichain Executor to “drain” tokens associated with the AnySwap bridging protocol, according to a July 10 report from on-chain sleuth and Twitter user Spreek. The report follows previous outflows of over $100 million from Multichain bridges that occurred on July 7, which were reported by the Multichain team as “abnormal.” The Multi chain Executor address has been drain ing anyToken addresses across many chain s today and moving them all to a new EOA pic.twitter.com/gqDaXMBl96 — Spreek (@spreekaway) July 10, 2023 According to Spreek’s July 10 report, “The Multichain Executor address has been draining anyToken addresses across many chains today and moving them all to a new EOA [externally owned account].” An image attached to the post shows Ethereum transaction 0x53ede4462d...

A new NFT warranty service says that protecting collectible digital assets of value can help provide “a sense of security and trust” and encourage new users. The Web3 space has seen its fair share of exploits in the recent past with more than $320 million exploited by hackers in the first quarter of 2023 alone. For many users, particularly prospective users, having security for digital assets is a top priority.  A new nonfungible token (NFTs) warranty service from Web3 payment provider Wert and InsurTech service Avata is trying to troubleshoot the gap in asset Security for collectors both active and prospective. According to the announcement the opt-in warranty for NFTs will cover up to 90% of the value of the digital assets for any NFTs that are compromised at the hands of a smart contract hack. Cointelegraph spoke with George Basiladze, the co-founder and CEO of Wert, who said a solution like this helps bridge the "trust" gap, while offering needed protection to an array o...

Twenty-three days after the hack, on April 4, Euler Finance announced the total possible recovery of the lost funds, thus ending the $1 million bounty. After being robbed of $196 million in a flash loan attack, Euler Finance has convinced its hacker to return most of the funds. The outcome resulted from numerous back-and-forths over 25 days, eventually leading the hacker to do “the right thing.” On March 13, the Euler Finance hacker carried out multiple transactions, each draining millions of dollars in various tokens, including DAI (DAI), USD Coin (USDC), staked Ether (StETH) and wrapped Bitcoin (WBTC). 111 Funds stolen from Euler Finance. Source: BlockSec As a result, Euler’s total value locked inside its smart contracts has dropped from over $311 million to $10.37 million. Ultimately, 11 different decentralized finance (DeFi) protocols, including Balancer, Yearn Finance and Yield Protocol, either froze or lost funds. At 10:00 UTC Balancer contributors became aware of an exploit on ...