Crypto Theft: Loopscale Hackers Agree To Return Stolen $5.8 Million — For A P...

While North Korea leads the world in crypto crime, crypto analytic firms have estimated that DPRK hackers have found it increasingly difficult to launder stolen crypto funds. North Korea leads the world in crypto crime, with over 15 documented instances of cyber theft amounting to $1.59 billion in stolen funds. However, the recent crypto market turmoil has wiped out millions of dollars from the country’s stolen crypto portfolio.The crypto market rundown that started in May wiped out hundreds of billions of dollars from the crypto industry, where most of the crypto assets fell by over 70%....

A new report suggests that a notorious North Korea-affiliated hacking group may be behind last week’s $100 million Harmony attack. The Lazarus Group, a well-known North Korean hacking syndicate, has been identified as the primary suspect in the recent attack that saw $100 million stolen from the Harmony protocol. According to a new report published today by blockchain analysis firm Elliptic, the manner in which Harmony’s Horizon Bridge was hacked and the way stolen digital assets were consequently laundered bears a striking resemblance to other Lazarus Group attacks.“There are strong....

Controversy still surrounds a liquidated New Zealand cryptocurrency exchange, which allegedly got hacked again. Adding to the $30 million stolen in 2019, Cryptopia reports that it was the target of another theft incident on February 1, 2021. Hackers Accessed a Dormant Wallet Which Holds XSN Tokens According to Stuff.co.nz, the hackers took around NZD 62,000 ($45,000) worth of cryptocurrencies from the troubled exchange. The alert first came from Stakenet, a U.S.-based blockchain firm. The investigation unveiled that hackers accessed a wallet that has been dormant since the hack in January....

Nomad announced that it’s offering up to a 10% bounty to return funds stolen from the recent hack on the Nomad bridge on Aug. 2. Nomad announced a bounty of up to 10% for the return of the stolen funds from the Nomad bridge. In a website announcement and tweet, the company publicly provided a wallet address for sending the funds. The bounty is applicable to anyone who comes forward from now on or already returned funds. At the time of writing, Nomad recovered more than $20 million. The Nomad token bridge suffered a massive hack on Aug. 2. This incident was among the largest in the history....

Police in China’s Jiangxi province have reportedly recovered bitcoins stolen from a victim and returned them to the owner. The case involves the theft of 8.236 bitcoins, worth approximately 3 million yuan. Police Return Bitcoin to Theft Victim Police in China’s Jiangxi province have reportedly solved a case involving the theft of bitcoins worth almost 3 million yuan ($466,000), local media reported this week. A man, referred to only by his last name Shan, filed a police report stating that he was unable to access his email account linked to his cryptocurrency wallet after....