Tag: 82M

Iran’s Top Crypto Hub Loses $82M To Hackers With Israeli Links

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Iranian Crypto Exchange Hacked for $82M by Israeli Group

Key Notes Investigators revealed the use of vanity addresses for the exploit, with one address stealing $49 million initially. Nobitex confirmed the “security incident,” claiming that only hot wallet assets were affected and user funds in cold storage remained safe. The pro-Israel hacker group Gonjeshke Darande, or Predatory Sparrow, claimed responsibility for the attack, accusing Nobitex of aiding Iran in evading sanctions. Nobitex, an Iran-based crypto exchange, lost a massive $82 million in crypto following a recent attack allegedly by Israeli attackers. Blockchain investigator ZachXBT disclosed details of this attack,…

Hacking Group ‘Predatory Sparrow’ Claims $82M Crypto Raid on Iran’s Top Crypto Exchange

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According to reports, Iranian cryptocurrency exchange Nobitex suffered a breach, with onchain data revealing that around $82 million was siphoned from its reserves. A hacker collective calling itself Predatory Sparrow has claimed responsibility for the coordinated hit on the centralized exchange (CEX). Hackers Loot Iran’s Nobitex, Threaten Full Source Code Leak Within 24 Hours On […] Source

Iranian Crypto Exchange Nobitex Loses $82M in Cyberattack as Israel-Iran Tensions Escalate

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Iran’s largest cryptocurrency exchange Nobitex suffered a major security breach that drained approximately $82 million from its digital wallets, with an Israeli-linked hacking group claiming responsibility for the attack. Predatory Sparrow Hackers Hit Iran With $82M Crypto Heist The group known as Gonjeshke Darande, which translates to “Predatory Sparrow,” announced the hack on social media platform X, warning they would release the exchange’s source code and internal documents within 24 hours. The hackers used provocative wallet addresses containing anti-Iranian messaging to move the stolen funds across multiple blockchain networks. bypassing…

NBA star Tristan Thompson misses $32B in Bitcoin by taking $82M contract in cash

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NBA player and reality television personality Tristan Thompson signed an $82 million NBA contract in 2015… a dream deal at the time. But now that he’s become a Bitcoiner, he dreams of an alternate history where that money was paid via BTC. “What I know now, I would have definitely pushed to get paid in Bitcoin,” Thompson tells Magazine. “It’d be so much, I’d be laughing and kicking, being like ‘this is the best gamble in American sports history,’” the longtime crypto fanatic says. On the day Thompson signed his…

Abra Settles With 25 States for Operating Without Licenses, Will Return Up to $82M to U.S. Customers

“The corresponding consent orders will settle all state matters related to the Abra App in the U.S. for the period from March 2021 to June 2023,” the spokesperson said. “Since June 2023, 99% of assets held by U.S. retail customers of Abra using the Abra App have already been returned – over $250 million. Abra continues to operate in the United States through Abra Capital Management, an SEC-registered investment advisor, that allows clients to invest in crypto, earn yield, stake and borrow against their crypto holdings.” Source

Orbit Bridge loses $82M in hack, BTC slumps

This week, Orbit Bridge suffered an $82 million exploit, while Bitcoin (BTC) slumped upon escalating FUD following a retest of $45,000. Meanwhile, the approval window of a spot BTC ETF draws closer. Orbit loses $82M in hack On Dec. 31, 2023, a crypto community figure called the public’s attention to a possible exploit of the bridge protocol native to the Orbit blockchain network, with multiple assets drained from the bridge’s contract. Shortly after this initial alarm, the Orbit chain team confirmed reports that the bridge had suffered an exploit. Data…

Tether stablecoin issuer freezes 8.2M USDT on Ethereum: Data

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Tether has frozen a total of 215 USDT addresses on Ethereum in 2022 so far, according to data compiled by ETH researcher Philippe Castonguay. Major stablecoin issuer Tether froze yet another batch of USDT on the Ethereum blockchain, freezing more than $8 million worth of the cryptocurrency. Crypto monitoring resource Whale Alert has identified several transactions that indicate Tether froze three USDT addresses on Oct. 10. According to data from transaction logs on Etherscan, the frozen addresses hold 3.4 million USDT, 1.95 million USDT and 2.9 million USDT. The addresses…

Short Traders Lose $82M as Bitcoin Bounces to $43K

A bit over $45 million worth of longs were liquidated. Liquidations occur when an exchange forcefully closes a trader’s leveraged position as a safety mechanism due to a partial or total loss of the trader’s initial margin. This happens primarily in futures trading, which only tracks asset prices, as opposed to spot trading, where traders own the actual assets. Source