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TheStandard.io suffers a $264,000 theft via a PAXG liquidity pool exploit on Arbitrum. Defi stablecoin protocol TheStandard.io has been hacked for $264,000, according to reports from blockchain security analysts CertiK. The hacker allegedly conducted a low liquidity exploit of PAXG on Arbitrum.  #CertiKSkynetAlert This morning @thestandard_io were exploited for 8.5k USDC.e and 280k EUROs with a combined value of $264k at current prices. The attacker has since minted an Algebra position NFT with 222,819 EUROs.https://t.co/AS3HBh58qq — CertiK Alert (@CertiKAlert) November 7, 2023 A low liquidity exploit is a type of attack where a threat actor takes advantage of pools with low liquidity to manipulate asset prices for financial gain. In this case, the hacker exploited the PAXG liquidity pools to steal 8,500 USDC and 280,000 Euro. Following the attack, nearly €223,000 was used by the hacker to mint an Algebra position NFT.  TheStandard.io released a statement affirming to cu...

Recent investigations link North Korea’s Lazarus Group to a series of crypto hacks totaling over $270 million in stolen assets across major platforms in the past 102 days. Investigations suggest the latest high-profile hacks targeting crypto entities have been perpetrated by North Korean hackers, particularly the notorious Lazarus Group, with over $270 million stolen over the past 102 days. Data from a consolidated list of the last four massive crypto-related hacks sheds light on this. The list was compiled by MetaMask’s lead product manager Taylor Mohana (Tayvano), and featured contributions from prominent on-chain sleuth ZachXBT. North Korean state-sponsored hackers aka Lazarus Group have stolen over $270 million dollars worth of crypto in the last 102 days. That's an average of $2.64 million dollars stolen every single day. They show no sign of slowing down. https://t.co/M90Nyqgjcz pic.twitter.com/T9oM4jSsz4 — Tay (@tayvano_) September 13, 2023 Notably,...

Cypher Protocol, a decentralized futures exchange on the Solana (SOL) blockchain, has halted its smart contract in the wake of an estimated $1 million exploit . On Aug. 7, Cypher Protocol announced on X that it had frozen its smart contract following a security incident involving an estimated $1 million exploit . The team is investigating the cause and has initiated negotiations with the suspected hacker to potentially recover the stolen funds. Cypher has has experienced an exploit/security incident. The smart contract has been frozen. The team is currently working with individuals and investigating To the hacker: We are writing to see whether you would be open to speaking with us about any potential next steps. — cypher ️ (@cypher_protocol) August 7, 2023 Data from the Solana blockchain explorer Solscan has revealed that the wallet associated with the exploit stole roughly 38,530 Solana tokens and about $123,180 USDC, amounting to illicit gains of around $1,035,000. S...

North Korean government-backed hacking group Labyrinth Chollima was responsible for last month’s attack against US-based tech company JumpCloud in an attempt to gain access to its clientele of crypto firms, Reuters reports. Last week, JumpCloud first announced that a “sophisticated nation-state sponsored threat actor” had gained unauthorized access to its systems and targeted a “small and specific set” of customers. JumpCloud sells software to authorize and manage users across devices for major firms, but a spokesperson said that less than five customers were affected. Cybersecurity researcher Tom Hegel told Reuters that North Korea n Hack ers have become well versed in “supply chain attacks,” wherein service providers are infiltrated in order to access the real prize — its c US tomers. In this case, crypto firms are said to have been targeted but it remains unclear if any crypto was actually stolen , nor is it clear which crypto firms were breached. Working to assess the brea...