Security
Multiple Crypto Hacks Reported After Binance Breach
Written with artificial intelligence.
In a wave of recent cyberattacks, Brazil's largest exchange, an unnamed EU entity, BTCPay merchants, and several DeFi websites suffered significant losses totaling over $146 million. The incidents occurred just days after the high-profile hack of Binance.
Overview of Recent Hacks
Between Friday and Monday, multiple crypto entities fell victim to cyberattacks, resulting in estimated losses exceeding $146 million. These incidents follow the substantial hack of Binance, raising concerns about security across the crypto landscape.
Key Incidents
- Mercado Bitcoin: Brazil's largest exchange halted deposits and withdrawals on Monday after a security incident. While they report that clients lost nothing, security firm Hypernative estimates over $40 million was drained across at least ten blockchains. The exchange has not confirmed this figure.
- Unnamed EU Entity: Onchain investigator ZachXBT believes that an EU entity may have lost over $106 million from several exchange accounts on November 1. Some of the stolen funds were reportedly converted into the privacy coin Monero. The identity of the victim and the exchanges involved remain undisclosed.
- BTCPay: Attackers exploited outdated versions of BTCPay Server, a self-hosted payment processor, stealing bitcoin and litecoin from hot wallets. BTCPay has not provided a total for the losses incurred.
- DeFi Websites: On Friday, twelve DeFi sites, including Kintsu and Origami, registered with Name.com, were redirected to a wallet drainer, leading to approximately $138,000 being siphoned off.
These incidents highlight ongoing vulnerabilities in the cryptocurrency space, underscoring the importance of robust security measures for both exchanges and individual users.