Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7000689082926309376
#FTX: #Hacked or #Insider #Job? Follow #MoneyLaundering #renBridge #Backdoor: Of Almost Half-#Billion #Dollars Stolen in #Tokens from FTX, the #Hacker has sent 180,000 #ether coins, worth nearly $200 million to at least a dozen #digital #wallets last morning.
https://lnkd.in/eMCZT9si :
The unidentified #attacker drained the #tokens and then swapped the majority of #assets for #ETH, instantly becoming one of the #biggest #Ethereum #holders. The hacker began to convert #ETH to #RenBTC and send the #funds to the #bitcoin #blockchain through #RenBridge.
WHO OWNS #RenBridge : #FTX #Group: https://lnkd.in/eK2vWyjk : Ren was acquired by #FTX trading arm #Alameda Research in Feb ’21: Ren acts as a bridge between various blockchain assets through a #custodial #node solution. Its #tokenized #bitcoin #product, #RenBTC, is the second-leading #BTC asset in the #decentralized #finance.
FTX’s RenBridge being used to launder 100s of millions ‘hacked’ from FTX: https://lnkd.in/eQt6Sjp2 : Hackers who stole ~ $477 million worth of #cryptocurrency from collapsed exchange FTX have started to #launder the funds into #bitcoin… the #hackers were converting the ether into #RenBTC with associated #RenBridge having been used to launder “hundreds of millions” of dollars in cryptocurrency earlier.
IN-DEPTH LATEST
#RenBridge https://lnkd.in/e4n2PtTn
#RenBTC https://lnkd.in/eptsGzuy
CoinDesk: #Hackers have stolen more than $2 billion this year using #crypto #bridges accounting for about 70% of all stolen crypto #funds this year: The most notable of over a dozen #cross-#chain #attacks this year was the #RoninBridge #exploit, which saw the #protocol lose $625 million in #ETH and #USDC after being targeted by #NorthKorean #hacking group #Lazarus. https://lnkd.in/epzYYK6E
CNBC: #Blockchain #Bridge #CyberCrime #Crypto #Vulnerabilities: https://lnkd.in/emhrEVZX :
“Blockchain bridges have become the low-hanging fruit for cyber-criminals, with billions of dollars worth of crypto assets locked within them. These bridges have been breached by hackers in a variety of ways…”
IN-DEPTH LATEST
#Crypto #Bridges: https://lnkd.in/eEUq7K8s
#Crypto #bridges, which link #blockchain #networks together, have become major targets for cybercriminals. Blockchain bridges, which tenuously connect #networks to enable the fast #swaps of #tokens, are gaining popularity as a way for crypto users to transact. But in using them, crypto enthusiasts are bypassing a #centralized #exchange and using a system that’s largely #unprotected.
$4 #Billion #Concealed in #Decentralized #Exchanges: https://lnkd.in/evyE6DVh : Criminals have grown increasingly sophisticated in obscuring the flow of crypto funds by #exploiting #decentralized #exchanges, cross-chain #bridges, and #coin #swap services and #mixers.
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