The Concord blockchain fell sufferer to one of many most notorious hacks in decentralized finance (DeFi) historical past and the fallout from that assault in 2022 noticed the ONE worth tank tremendously, dropping over 98% of its all-time excessive
Harmony
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Above all else, one should discover that digital belongings signify the subsequent evolutionary step led to by the The World Large Net decentralized info sharing, rendering gatekeepers into redundant friction the identical token, blockchain know-how decentralized monetary belongings…
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The brand new pockets obtained WETH throughout 5 transactions and has remained dormant — with out inflows or outflows for roughly an hour as of press Bridge stolen funds on the transfer (Supply: Etherscan)Blockchain investigator ZachXBT tweeted concerning…
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Altcoin NewsNews
Lazarus try to launder extra $27.2M of funds stolen from Concord bridge hack
by Jeremyby JeremyOn-chain evaluation of how Lazarus group tried to launder the Concord bridge funds, courtesy Twitter consumer @zachxbtUtilizing Railgun, a sensible contract system that initiates what is called “Zero Data Proof,” the hackers tried to maneuver the illicit funds by way…
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Bitcoin NewsNews
North Korean hackers launder $27M ETH from Concord Bridge assault
by Jeremyby JeremyThe tokens have been transferred to 6 completely different crypto exchanges, famous ZachXBT in a Twitter thread, with out disclosing which platforms had acquired the Three primary addresses carried out the In response to ZachXBT, exchanges have been…
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Altcoin NewsNews
North Korea’s Lazarus Group masterminded $100M Concord hack: FBI confirms
by Jeremyby JeremyThe North Korea-linked cyber group had lengthy been suspected of being behind the assault however their involvement hadn’t been confirmed by authorities till Based on a 23 assertion, the FBI famous that “by way of our investigation, we…
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Bitcoin NewsNews
Crypto tracker picks up path of funds heisted from Concord Bridge in June
by Jeremyby JeremyFunds in numerous tokens value about $100 million have been stolen from the Concord bridge on June 23, then rapidly swapped for Bitcoin (BTC), in response to MistTrack, and returned to the pockets they’d initially been transferred The bridge…
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Blockchain
Concord Hackers Cowl Tracks by Bridging Portion of $100M Loot to Avalanche, Ethereum and Tron
by Jeremyby JeremyThe hackers that focused Concord community in a $100 million hack final yr have bridged their ill-gotten beneficial properties from Bitcoin to Avalanche, Tron and Ethereum, in response to on-chain evaluation by blockchain sleuth Supply hyperlink
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