Poly Network, the decentralised finance platform that suffered the breach just a day before, warned the hackers to surrender or they will be pursued by law enforcement in every country in the world.
Poly Network, a so-called decentralised finance platform that facilitates peer-to-peer transactions, announced the hack on Twitter and posted details of digital wallets to which it said the money was transferred, urging people to blacklist tokens from those addresses.
Cybercriminals Hold $115,000 Prize Contest to Find New Cryptocurrency Hacks Jun 3, 2021 07:45 GMT
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Crypto Theft
Last month, a popular Russian-language underground forum sponsored a contest that invited its users to submit illegal techniques for conducting Bitcoin attacks, according to The Hacker News.
In an announcement made on April 20, 2021, the forum s administrator invited members to submit papers evaluating the possibility of targeting cryptocurrency-related technology, including the theft of private keys and wallets and unusual cryptocurrency mining software, smart contracts, and non-fungible tokens (NFTs).
The best research will receive a prize of $115,000, whereas in the event is expected to run through September 1.
According to Michael DeBolt, Intel 471 s Senior Vice President of Global Intelligence, top candidates include issues such as creating a fake blockchain website capable of capturing sensitive information about crypto secu
The US justice department said on Wednesday, February 17 that three North Korean computer programmers have been charged in Los Angeles. The trio is accused of conspiring to steal and extort $1.3 billion in crypto and traditional currencies from banks and other victims through widespread cyberattacks.
According to the authorities, these cybercriminals were working for the North Korean military intelligence agency, the Reconnaissance General Bureau. As reported, they were pursuing the strategic and financial goals of the North Korean leader Kim Jong Un.
A federal grand jury charged that these three alleged hackers Jon Chang Hyok, Kim Il and Park Jin Hyok targeted banks, entertainment companies like Sony, online casinos and energy utilities. The threat actors not only targetted the US but also Bangladesh, Mexico, Indonesia, Britain, Pakistan, Vietnam and other countries.