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#crypto cybersecurity

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Mercado Bitcoin Hack Continued Hours After Exchange Claimed Containment: Report
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Mercado Bitcoin Hack Continued Hours After Exchange Claimed Containment: Report

Key Highlights: Blockchain analysis reveals hackers continued siphoning crypto assets from Mercado Bitcoin for approximately four hours after the exchange claimed the breach was contained. Blockchain intelligence platform Bitquery traced $48.6 million in stolen funds across 10 blockchains, impacting 36,042 customer deposit addresses on Ethereum. Mercado Bitcoin pledged to fully compensate impacted customers, while industry ...

Blockaid Secures $40M in Funding Commitments Following $6.3B Binance Hack
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Blockaid Secures $40M in Funding Commitments Following $6.3B Binance Hack

Key Highlights A compromised DevOps engineer’s laptop triggered unauthorized hot wallet withdrawals at Binance, leading to approximately $3 billion in frozen funds. Security firm Blockaid detected unusual outflows in under two minutes and traced the attack mechanism to malicious Ethereum EIP-7702 delegations. Blockaid CEO Ido Ben-Natan identified the incident as a hijacking of signing infrastructure ...

Brazil’s Mercado Bitcoin Halts Withdrawals Following $40 Million Multi-Chain Hack
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Brazil’s Mercado Bitcoin Halts Withdrawals Following $40 Million Multi-Chain Hack

Key Highlights: Brazilian cryptocurrency exchange Mercado Bitcoin has halted deposits and withdrawals following a multichain exploit resulting in losses estimated to exceed $40 million. Security researchers revealed that unauthorized outflows drained assets across at least 10 different blockchains, including Ethereum, Solana, Bitcoin, and Tron. Mercado Bitcoin confirmed it had identified and swiftly contained the incident, ...

Binance Reportedly Halts Withdrawals Following Claims of Massive Crypto Hack
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Binance Reportedly Halts Withdrawals Following Claims of Massive Crypto Hack

Key Highlights Reports from media outlet Protos indicate a potential withdrawal freeze at cryptocurrency exchange Binance following suspected unauthorized activity. Binance has not yet issued an official statement either verifying or refuting the reported suspension of fund withdrawals. Industry protocol often involves freezing outgoing transactions as a protective buffer, meaning an operational pause does not ...

Binance Hack May Involve Private Key ‘Misuse,’ Not Theft, Blockaid CEO Says
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Binance Hack May Involve Private Key ‘Misuse,’ Not Theft, Blockaid CEO Says

Key Highlights: Cybersecurity analysts are investigating a breach targeting Binance that resulted in the theft of more than $2.5 billion in cryptocurrency, marking the largest hack in crypto history. Onchain security firm Blockaid identified the exploitation of an EIP-7702 authorization bundle that allowed a malicious sweeper contract to drain funds from a major Binance wallet. ...

Coinbase Confirms User Funds Safe After Third-Party Vendor Data Breach Exposes Customer Contact Info
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Coinbase Confirms User Funds Safe After Third-Party Vendor Data Breach Exposes Customer Contact Info

Key Highlights: Coinbase denied reports that its core systems were hacked, confirming that all customer funds and internal networks remain entirely safe. The data incident stemmed from Amplitude, a third-party analytics provider, which exposed a “small subset” of user contact information alongside data from other Amplitude clients. Coinbase is actively notifying affected users via email, ...

Bitget to Terminate Services for Select Users in One-Off Move
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Bitget to Terminate Services for Select Users in One-Off Move

Key Highlights: Bitget fell victim to a massive $387.5 million hack on September 24, marking one of the largest security breaches recorded among centralized cryptocurrency exchanges. Exploiting a zero-day vulnerability in third-party security appliances, attackers drained assets across 11 blockchains, including approximately 103 million XRP. Despite the exchange restoring full operations and pledging compensation from ...