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PlayDapp

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<p>The post <a href="https://coinpedia.org/news/weekly-crypto-hack-update-hackers-exploit-mixers-playdapp-and-more/">Weekly Crypto Hack Update: Hackers Exploit Mixers, PlayDapp, and More</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The cryptoverse has been buzzing with activity this week, as hackers evolve their tactics from the old to the cutting-edge. While some notorious groups stick to their traditional ways, others embrace new and advanced methods.</p> 
<p>Join us as we unravel the events of the past week in the thrilling world of crypto hacks, where millions are siphoned. Being in the know just might save you!&nbsp;</p> 
<h2 class="wp-block-heading" id="h-yomix-takes-the-stage-nbsp"><strong>YoMix Takes the Stage&nbsp;</strong></h2> 
<p>2023 witnessed a notable decline in funds flowing into mixers from illicit addresses, plummeting from $1.0 billion in 2022 to $504.3 million in 2023. A significant contributor to this change has been the global crackdown on hacking activities, including the sanctioning and shutdown of notorious mixers like <a href="https://www.chainalysis.com/blog/crypto-mixer-sinbad-sactioned-north-korean-laundering/">Sinbad and Tornado Cash</a>.</p> 
<p>The Lazarus Group, a notorious hacking outfit from South Korea, has ingeniously adapted to the changing landscape. With Sinbad out of commission, the group seamlessly shifted to the Bitcoin-based mixer, YoMix. This transition underscores the resilience and adaptability of malicious actors who effortlessly pivot to alternative services when their preferred platforms face closure.</p> 
<h2 class="wp-block-heading" id="h-playdapp-a-double-blow-to-blockchain-gaming"><strong>PlayDapp: A Double Blow to Blockchain Gaming</strong></h2> 
<p>In a tumultuous week for the blockchain gaming platform PlayDapp, it faced not one but two devastating exploits. The first cybersecurity breach resulted in losses of $31 million, followed by a subsequent attack that saw the theft of a staggering $290 million worth of PLA tokens, the native cryptocurrency powering PlayDapp’s gaming platform and NFT marketplace.</p> 
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   <p lang="en" dir="ltr">[Notice: PlayDapp Mitigates Secondary Attack]There was a malicious secondary attack involving the additional minting of 1.59 billion PLA tokens. (1/3)</p>— PlayDapp (@playdapp_io) <a href="https://twitter.com/playdapp_io/status/1757246034122842293?ref_src=twsrc%5Etfw">February 13, 2024</a>
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<p>The perpetrator behind the PlayDapp heist executed a sophisticated plan, compromising a private key to mint 200 million PLA tokens worth $36.5 million. Undeterred, the hacker struck again on February 12, creating an additional 1.59 billion PLA tokens valued at $253.9 million. The audacious move not only exposed vulnerabilities in PlayDapp’s security but also highlighted the hacker’s persistent access to the company’s systems.</p> 
<h2 class="wp-block-heading" id="h-angel-drainer-stealing-from-the-shadows-nbsp"><strong>Angel Drainer: Stealing from the Shadows&nbsp;</strong></h2> 
<p>In a daring move, Angel Drainer targeted 128 crypto wallets, pilfering over $400,000. The attack cleverly utilized Etherscan’s verification tool to mask the malicious nature of a smart contract. Blockaid, a blockchain security firm, revealed that the assault began with the deployment of a malicious safe vault contract.</p> 
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   <p lang="en" dir="ltr">Today our researchers discovered yet another emerging attack vector from the Angel Drainer group — this time phishing users and leading them to a single Safe Vault contract where 128 wallets have been drained of $403k+ so far. All Blockaid-protected users are safe. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/niffQDlciG">pic.twitter.com/niffQDlciG</a></p>— Blockaid (@blockaid_) <a href="https://twitter.com/blockaid_/status/1757469196236243294?ref_src=twsrc%5Etfw">February 13, 2024</a>
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<h2 class="wp-block-heading" id="h-duelbits-drama-suspicious-transactions-in-focus-nbsp"><strong>Duelbits Drama: Suspicious Transactions in Focus&nbsp;</strong></h2> 
<p><a href="https://etherscan.io/address/0x3933924faf011ae8d24e44bee450b3d78e46a666">Cyvers</a>, a blockchain security analytic firm, flagged several suspicious transactions originating from Duelbits. The incident, involving a loss of wallet access control, led to a suspicious address receiving $4.6 million from Duelbits wallets on both the Ethereum and BNB chains.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">ALERT<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">Our system has detected multiple suspicious transactions with <a href="https://twitter.com/Duelbits?ref_src=twsrc%5Etfw">@Duelbits</a> !!<br><br>Suspicious address received $4.6M from <a href="https://twitter.com/Duelbits?ref_src=twsrc%5Etfw">@Duelbits</a> wallets on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> and <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BNB</a> chains! <br><br>Please contact us!<br>More information will follow soon!<a href="https://twitter.com/hashtag/CyversAlert?src=hash&amp;ref_src=twsrc%5Etfw">#CyversAlert</a> <a href="https://t.co/59ByDLjvrc">pic.twitter.com/59ByDLjvrc</a></p>— 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Cyvers Alerts 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CyversAlerts) <a href="https://twitter.com/CyversAlerts/status/1757478985561206945?ref_src=twsrc%5Etfw">February 13, 2024</a>
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<p>The hacker’s attempt to bridge assets from BNB to Ethereum encountered a hiccup, ultimately revealing vulnerabilities in the system gas fees, the hacker used FixedFloat to acquire the necessary funds for the bridging transaction.</p> 
<p><strong>Thus we complete the roundup for the week, stay tuned for the next one!</strong></p>

Weekly Crypto Hack Update: Hackers Exploit Mixers, PlayDapp, and More

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