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#ethereum

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Hackers steal $1.5bn from crypto exchange in ‘biggest digital heist ever’

Bybit platform appeals to ‘brightest minds’ in cybersecurity for help after attacker transfers Ethereum currency

theguardian.com/technology/202

The Guardian · Hackers steal $1.5bn from crypto exchange in ‘biggest digital heist ever’By Joanna Partridge

🚨 a major crypto bridge run and/or partially owned by some of the core #bitcoin dev team that helps people move their crypto assets between chains just blew up. hundreds of millions of dollars in liabilities it can't meet.

just another day in crypto...

(actually this is kind of a bad day, even for crypto)

x.com/1984_is_today/status/188

[update] the chain swapping still works, but they had bolted on some kind of crypto bank lending protocol and that is what is toast, along with all their users' money. they are "guaranteeing" that users will get their money back "eventually" (bros always do this)

🚨 Socket’s threat research team has discovered a malicious #npm package posing as a tool for detecting vulnerabilities in #Ethereum smart contracts. Instead, it deploys Quasar RAT, a versatile remote access trojan, onto developers’ machines. socket.dev/blog/quasar-rat-dis #Crypto

SocketQuasar RAT Disguised as an npm Package for Detecting Vulnera...Socket researchers uncover a malicious npm package posing as a tool for detecting vulnerabilities in Etherium smart contracts.

@JessTheUnstill interesting fact: the #Synapse partner bank where all these issues are stemming from, Evolve Bank & Trust, has a bunch of fun properties:

1. Issuer of the #FTX debit card
2. Used by George Santos and Andy Ogles to store campaign funds
3. Banking partner of #PrimeTrust, the Nevada crypto custody company that collapsed in 2023
4. Banking partner of #BlockFi, one of the crypto "banks" that went down with the good ship FTX.
5. Recently hacked by Russians
6. Recently hit with a major fed enforcement action

Also Synapse was backed in a big way by Trump loving #a16z and Marc Andreessen.

Some more details:

fintechbusinessweekly.substack

Fintech Business Weekly · Evolve Hit With Fed Enforcement Action, But Why Did It Take This Long?By Jason Mikula

The FBI created a cryptocurrency as part of an investigation into price manipulation in crypto markets. The FBI’s Ethereum-based token, NexFundAI, was created with the help of “cooperating witnesses.”

As a result of the investigation, the SEC charged three “market makers” and nine people for allegedly engaging in schemes to boost the prices of crypto assets

#FBI #SEC #cryptocurrency #crypto #ethereum #NexFundAI #PumpAndDump #defi #finance #technology #tech

theverge.com/2024/10/10/242670

The Verge · The FBI secretly created an Ethereum token to investigate crypto fraudBy Gaby Del Valle