Cryptohack Roundup: Crypto Exchange Seizures

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Also: Cost of hacked crypto accounts, financial level hack Rashmi Ramesh (rashmiramesh_) • May 4, 2023 Image: Shutterstock

Each week, Information Security Media Group provides an update on cybersecurity incidents in the world of digital assets. Between April 28 and May 4, the FBI and Ukrainian police seized nine virtual currency exchanges that served cybercriminals, Privacy Affairs noted the cost of hacked crypto accounts on darknet markets, and Level Finance suffered a hack of a million dollars.

See also: Live Webinar | Cybersecurity Best Practices in Education: Devices, Ransomware, Budgets and Resources

9 virtual currency exchanges seized

The FBI on Monday seized nine virtual currency exchange services that were allegedly used by ransomware hackers and other cybercriminals to launder illicit proceeds. The FBI’s field office in Detroit partnered with Ukrainian police to seize virtual currency exchanges that allowed criminals to conduct anonymous transactions, the US Department of Justice said. Domains include 24xbtc.com, 100btc.pro, pridechange.com, 101crypta.com, uxbtc.com, trust-exchange.org, bitcoin24.exchange, paybtc.pro, and owl.gold. The platforms were advertised on closed hacker forums.

Hacked and verified crypto accounts sold for a few hundred dollars

Anyone can buy a verified cryptocurrency account in Kraken, Coinbase, or LocalBitcoins for $810, $610, and $350, respectively, Privacy Affairs noted in a statement Monday, citing its latest Dark Web Price Index report. A full range of documents and account details enabling identity theft can be purchased for $1,010. Online banking connections cost $100 and credit card details – including card number, associated dates and CVV – cost between $10 and $100.

Finance level

A hacker stole $1 million worth of crypto tokens from Exchange Level Finance by exploiting a vulnerable smart contract, the company tweeted on Tuesday. Blockchain security firm PeckShield said the bug allowed the bad actor to make repeated referral requests for funds that only needed to be claimed once. The company said at the time that it would roll out a patch within 12 hours of the hack.

With reporting by Mihir Bagwe of Information Security Media Group in Mumbai.

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