Ethereum

Penpie

Tornado Cash

Tornado

Shen

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/hackers-target-ethereum-in-major-crypto-heists/" data-wpel-link="internal">Hackers Target Ethereum in Major Crypto Heists</a> 
Wherever there is money and trade in the world, it is not convincing to say that fraud cases do not occur in cryptocurrencies worth trillions of dollars. It has long been known that <a href="https://en.coin-turk.com/new-developments-in-the-case-closely-followed-by-the-cryptocurrency-world-report-released-by-the-us-department-of-justice/" data-wpel-link="internal">cryptocurrency exchanges</a>, companies, and <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> have been subjected to major attacks. Despite increasing measures and awareness, it is understood from the continuation of the process that hackers find new ways and continue their attacks. <a href="https://newslinker.co/can-artificial-intelligence-achieve-consciousness/" target="_blank" rel="noopener" data-wpel-link="exclude">Recent data</a> highlighted major Ethereum -targeted attacks within just an 8-day period. 
<h2 id="september-report">September Report</h2> 
As hacker attacks on cryptocurrencies continue to increase in various forms, it was seen that the substantial Ethereum obtained from four different attacks was sent to Tornado Cash to eliminate tracking. 
First, examining the Penpie attack, it was announced by SpotOnChain that all 11,261.2 Ethereum, worth $27.8 million, stolen on September 4th, had been processed. 
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<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-386975" src="https://coin-turk.com/wp-content/uploads/2024/09/ethereum-hack-coin-turk-com.jpg" alt="" width="2258" height="1096"> 
Secondly, in the WazirX scandal that occurred in June and caused significant price fluctuations, it was reported that 7,600 ETH, worth $18.51 million, out of the stolen $230 million ETH had been processed, but 54,155 ETH were still being held. 
In the 2022 Bo Shen incident, 1,500 out of the 1,683 stolen ETH were transferred to Tornado Cash by the attackers, while only 200 out of the 1,905 ETH stolen in the LiFi incident have been used so far, as noted by SpotOnChain. 
No matter how much security measures increase in cryptocurrencies, it is known that significant losses can occur due to insider developments or employee negligence. Additionally, it is known that attackers search for and find new vulnerabilities every day, leading to significant losses. 
In this process, it has been observed in the past that major exchanges freeze balances linked to thefts that are transferred to them, which, although small, is considered an important measure. 
<h2 id="how-much-is-ethereum-worth">How Much is Ethereum Worth?</h2> 
The outlook for Ethereum, which is at the center of the attacks, remains neutral. After a 0.26% increase today, the ETH price is finding buyers at $2.295. Following the ETF news in recent months, it had risen to $4,000 but then experienced an equally sharp decline. 
As a result of the movements in the ETH price, its market cap rose to $276 billion, while its trading volume fell to $9.3 billion after a clear 63% decrease, as reflected in the charts. 
The post <a href="https://en.coin-turk.com/hackers-target-ethereum-in-major-crypto-heists/" data-wpel-link="internal">Hackers Target Ethereum in Major Crypto Heists</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Hackers Target Ethereum in Major Crypto Heists

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