Altcoin News Daily Official TheBitTimes.com

North Korea has been making headlines in the cryptocurrency market. This comes after the recent Bybit hack. North Korea’s state-backed hacker group Lazarus has been active for years now. But the $1.4 billion attack on Bybit put the group under the crypto spotlight. The group was formed back in 2010 and has carried out several attacks since then. As a result, the cryptocurrency community began investigating the group’s Bitcoin (BTC) holdings. Also Read: Dogecoin: DOGE Primed For A 200% Surge: Here’s When How Did North Korea Become One of The Largest Holders of BTC? Source: FDD Even though it was associated with the dark web several years ago, Bitcoin has emerged as a prominent asset in the past decade. Governments from all across the globe have been seen stacking up on the king coin. While countries like El Salvador, Bhutan, and the United States are at the top, North Korea isn’t too far behind. Bhutan has 10,635 BTC, whereas El Salvador holds about 6,117 BTC. The incre...

Crypto sleuth ZachXBT has claimed his second bug Bounty after submitting ‘definitive’ evidence of the KYC-deposit address used by a Hack er to cash in on the $235 million WazirX Hack .  Arkham posted the bounty this morning offering 5,000 ARKM (~$8200) to anyone able to identify the KYC centralized exchange deposit, the exploiter’s identity, or help return stolen funds. Indian crypto exchange WazirX was hacked on July 18 and funds, including $100 million worth of SHIB and $52 million in ETH have reportedly already been sold. The completed WazirX bug bounty awarded to ZachXBT. Read more: Is CertiK running a BS bug bounty program? ZachXBT told Protos that he was already following the WazirX hack and that submitting evidence for the bounty was as simple as exporting a graph. He added that it wasn’t super difficult to identify the relevant centralized exchange deposit address.  He also shared his method of tracking the exploiter’s transactions, noting that the WazirX...

Attacks on Poloniex, HTX, Heco bridge, KyberSwap, and Kronos Research earned hackers $290 million, with a week to go until November 2023 closes. As of Nov. 23, crypto hackers reportedly stole a combined $290 million from five major heists where at least $10 million was illegally ferried from each protocol. The platforms affected included three Justin Sun-related entities: HTX, Heco Bridge, and Poloniex, according to Lookonchain. Is November Hacker Month? In just 20 days, 5 major hacks occurred, with funds exceeding $290M. pic.twitter.com/e5rTf0apFD — Lookonchain (@lookonchain) November 23, 2023 Exploits on HTX and Heco occurred on Nov. 22, the second most recent attack at press time. Hackers siphoned over $13 million and $86 million, according to an alert from Cyvers, a blockchain monitoring service.  You might also like: Justin Sun’s cryptocurrency venture loses over $100m in recent hack HTX crypto exchange, rebranded from Huobi, previously lost some 5,000 Ethe...

iFinex, the owner of Bitfinex, has offer ed a $150 million buyback to those who bought its share s as part of a 2016 swap arrangement. Bloomberg has learned that the parent company of the Bitfinex crypto exchange and Tether, iFinex Inc., is seeking to buy back its share s from investors. The firm wants to get more control over its private dealings. According to the document sent to investors, the Hong Kong-based company had reportedly offered $10 per share for 15 million shares to those investors who bought stock as part of a 2016 swap arrangement when Bitfinex suffered a $71 million hack. At the time, the exchange offered users BFX tokens, which were later redeemed in exchange for shares. With the buyback offer, iFinex wants to “support the Bitfinex Group’s regulatory applications and to address scrutiny,” the document says. You might also like: Bitfinex hackers may plead guilty, prosecutors to recover $3 billion As noted by Bloomberg, the deal repres...

Kumanan Ramanathan who worked for a legal firm consulting for Sam Bankman-Fried’s crypto exchange was able to safeguard up to $500 million of customer funds on the day hackers attacked FTX. Amid bizarre transactions out of FTX wallets on Nov. 11, Zach Dexter, chief executive of FTX subsidiary LedgerX rallied former employees on a Google Meet call to brainstorm how they might protect vulnerable user assets. Ramanathan, advising FTX from Alvarez & Marshall, volunteered to create a new wallet on his Ledger Nano and transfer the funds there, according to a Wired investigative report. Ledger Nano is a hardware wallet used for self-custody of cryptocurrencies. Also on the call was Gary Wang, former chief technology officer at FTX and Alameda, and currently witness for the prosecution in Bankman-Fried’s criminal trial. Wang reportedly aided the effort to transfer around half a billion of customer assets to Ramanathan’s personal hard wallet. As CTO, Wang had backdoor keys to FTX’s sys...

The team behind the protocol has confirmed the attack and urged users to avoid interaction with the project’s interface. Balancer (BAL), an automated market maker on the Ethereum (ETH) blockchain, has become the latest decentralized finance protocol to suffer from a frontend attack. According to an X post by Balancer, the issue is “under investigation.” The balancer frontend is under an attack. The issue is currently under investigation. Please do NOT interact with the balancer UI until further notice! — Balancer (@Balancer) September 19, 2023 Although no other details on the matter were given, the team behind Balancer urged users to avoid interacting with the protocol’s website “until further notice.” According to a blockchain investigator ZachXBT, the hacker stole around $238,000 in crypto. As of press time, the stolen funds have been directed to the address 0x64…8d7E. Stolen funds are being directed to this address 0x645710...