Stolen Altcoins Trailed in Augur & Ethereum Hack Investigation
An account belonging to Bo Shen, one of the early investors in Ethereum and Augur, was reportedly hacked on Tuesday causing funds from both networks to be drained. The hacked wallet was a top 20 wallet by size in Augur and constituted a significant percent of the total token supply. It was big enough to fill practically all the orders in the Poloniex buy side order book. The Poloniex Augur market has bottomed at the price level of 0.0001 BTC for one REP despite the average price of 0.0035 in the previous period. Poloniex tweeted that they have been investigating the Augur matter but have....
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A third of the stolen REP from the account of Bo Shen has been recovered according to Augur Co-Founder Jack Peterson, and he thinks more of the stolen tokens could still be retrieved as they continue to work with exchanges. An account belonging to Shen, one of the early investors in Ethereum and Augur, was reportedly hacked last Tuesday causing the Poloniex Augur market to bottom at the price level of 0.0001 BTC for one REP, despite the average price of 0.0035 in the previous period. The hacked wallet was a top 20 wallet by size in Augur and constituted a significant percent of the total....
The FBI is investigating a report filed by an unnamed Bitfinex user alleging that funds were stolen from their account, CoinDesk has learned. According to an incident report filed on 14th September, a Cambridge, Massachusetts, resident stated that they lost $1.3m in bitcoin tied to the hack and subsequent $70m theft from Bitfinex. The Cambridge Police told CoinDesk that the matter had been referred to the FBI after an initial investigation. Bitfinex representatives have previously said that they are working with the FBI as part of its investigation into the hack. The incident report – and....
The DAO hacker has moved his stolen Ethereum from the Ethereum Classic chain, donating part of it to the Ethereum Classic developers. The move of the stolen funds from the DAO hack occurred earlier this week. As his first action with the funds the hacker sent 1,000 ETC, about $1,500, to the address associated with Ethereum Classic’s development team, leading to speculation that the initial hack might have been motivated by a desire to fork Ethereum (which ended up being a result of the hack). Ethereum’s long and complicated hacking saga. The hacker exploited a vulnerability in the DAO’s....
The hackers made away with a mix of over 20 tokens that includes altcoins such as BNB, Safemoon, BSC-USD and BPay. Crypto exchange Bitmart lost nearly $200 million in a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains.The $200 million Bitmart hack was first revealed by Peckshield, a blockchain security and data analytics company, who initially identified a transfer of roughly $100 million over the Ethereum blockchain. Further investigation from the team revealed a concurrent hack of $96 million over the crypto exchange’s BSC reserves:Total....
More importantly, the question becomes what this investigation means for Bitfinex as a company, and their “legal gray area” shenanigans. It was only a matter of time until Bitfinex would get into legal trouble over their recent hack. One user in Massachusetts has filed a police report to recover his missing bitcoin funds. During the hack, nearly US$70m worth of Bitcoin were stolen, and no users were compensated. Instead, they all saw their balances punished even further to make up for the balance sheet losses. The way Bitfinex handled the whole hacking event was not exactly professional,....