Loopring

Read

<p class="is-style-lead">Attacks on Poloniex, HTX, Heco bridge, KyberSwap, and Kronos Research earned hackers $290 million, with a week to go until November 2023 closes.</p>
<p>As of Nov. 23, crypto hackers reportedly stole a combined $290 million from five major heists where at least $10 million was illegally ferried from each protocol. The platforms affected included three Justin Sun-related entities: HTX, Heco Bridge, and Poloniex, according to Lookonchain.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Is November Hacker Month?<br><br>In just 20 days, 5 major hacks occurred, with funds exceeding $290M. <a href="https://t.co/e5rTf0apFD" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/e5rTf0apFD</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1727613424933412868?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 23, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Exploits on HTX and Heco occurred on Nov. 22, the second most recent attack at press time. Hackers siphoned over $13 million and $86 million, according to an alert from Cyvers, a blockchain monitoring service.&nbsp;</p>
<p>You might also like: <a href="https://crypto.news/justin-suns-cryptocurrency-venture-loses-over-100m-in-recent-hack/" rel="noopener noreferrer nofollow"> Justin Sun’s cryptocurrency venture loses over $100m in recent hack </a></p>
<p><a href="https://crypto.news/tag/huobi/" data-type="link" data-id="https://crypto.news/tag/huobi/" rel="noopener noreferrer nofollow">HTX</a> crypto exchange, rebranded from Huobi, previously lost some 5,000 Ether (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) worth $8 million at the time of the hack.</p>
<p>Poloniex, another crypto venture tied to Sun, was also compromised. The bad actors made off with more than $100 million in cryptocurrencies. Sun <a href="https://crypto.news/justin-sun-offers-5-bounty-as-poloniex-losses-cross-100-million/" rel="noopener noreferrer nofollow">offered</a> a five percent bounty worth $10 million and issued an ultimatum for hackers to return the funds.</p>
<p>Before Heco’s hack, Poloniex was the single largest crypto exploit recorded in November 2023, accounting for most of the stolen funds.</p>
<p>You might also like: <a href="https://crypto.news/crypto-losses-soar-to-173m-in-november-driven-by-poloniex-hack/" rel="noopener noreferrer nofollow"> Crypto losses soar to $173m in November, driven by Poloniex hack </a></p>
<p>Hackers also <a href="https://crypto.news/kyberswap-suffers-multichain-exploit-resulting-in-45m-loss/" rel="noopener noreferrer nofollow">hijacked</a> the multichain decentralized exchange KyberSwap, stealing an estimated $46 million. The exploiter responsible notified KyberSwap’s team and community of their intent to negotiate after getting some sleep.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Imagine you steal $50M and then just go to bed <a href="https://t.co/xs3LlCWYT8" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/xs3LlCWYT8</a></p>— Hammer 🔨🐸 (@0x_Hammer) <a href="https://twitter.com/0x_Hammer/status/1727556250987057404?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 23, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Finally, Kronos, a crypto trading and research firm, lost $25 million in ETH after unknown individuals secured access to API keys and <a href="https://crypto.news/kronos-trading-firm-suffers-security-breach-losses-25m/" rel="noopener noreferrer nofollow">breached</a> security. The Taiwan-based firm said investigations were underway, and client funds faced minimal risk exposure.</p>
<p>Hackvember 2023 saw a sleuth of attacks on crypto projects ranging from protocol hacks to phishing campaigns. In addition to $27 million <a href="https://crypto.news/crypto-wallet-lost-27m-in-one-time-hack/" rel="noopener noreferrer nofollow">drained</a> from a crypto wallet in a one-time hack, the X account of the Ethereum layer-2 network Loopring was infiltrated by phishing scammers.</p>
<p>The incident lasted nearly all day on Nov. 20 before Loopring’s team stemmed malicious links promoting a fake LRC token airdrop.&nbsp;</p>
<p>Read more: <a href="https://crypto.news/x-account-of-ethereum-l2-loopring-hacked-by-phishers/" rel="noopener noreferrer nofollow"> X account of Ethereum L2 Loopring hacked by phishers </a></p>

November scores exploiters $290m over 5 major crypto hacks

crypto.news

Other articles published on Nov 23, 2023

The Crypto Scalability Rush: GameStop Memes Leads With Shiba Memu & Cardano

Can Waves Price (WAVES) Gather Buyers Strength & Zoom Upward?

Kaspa, Render Network, Dione, and These 7 Cryptos Are the Most Promising Projects in the World – ...

AI Takes Aim at 30% of Finance Careers, Study Reveals

Dogecoin’s transactions soar as institutional interest grows: Report

KuCoin Delists 10 Altcoins, Urges Users to Withdraw Funds by May 2024

Join our free newsletter for daily crypto updates!