Cryptocurrencies have become the new norm in the world of digital currencies and, in the last one week, there have been various security threats across the dominant platforms.
Ranging from millions of dollars heists to deepfake cons, hackers carried on to exploit weaknesses in both CeXs and DEXs.
Indonesian Exchange Indodax Hit by $22 Million Hack
Hackers stole $22 million worth of crypto assets from Indonesia’s largest digital asset exchange platform, Indodax. The hack identified by Web3 security firm Cyver found the stolen tokens promptly exchanged to native tokens on various chains.
The hacker currently possesses large quantities of ETH, MATIC, TRX, and BTC; hence, this ranks as one of the largest hacking incidents in Southeast Asia.
There are no words for what actually went wrong with Indodax, but to prevent further misuse of user funds, the trading platform has been temporarily halted using potential funds that may still have been stolen; however, users ‘money is still safe’.
Caterpillar Coin Suffers $1. 4 Million Flash Loan Attack
In another fleeing incident, Caterpillar Coin was attacked by a flash loan, and all the value of the token was stolen, and the result was nearly $1.4 million. Defensive measures included the failure of the token’s price protection mechanisms, depleting the reserves within a record short time and 99% price slippage.
Apple’s YouTube Channel Hacked in Cryptocurrency Scam
Another less typical cyberattack involved Apple’s YouTube channel, where scammers posted a fake giveaway involving cryptocurrency using Tim Cook’s live stream.
It revealed an obviously fake video showing how users’ crypto contributions are doubled; the video received over 1 million views before it was pulled down. This event again proves that hackers have learned new ways of operating, using deep fake techniques, and synchronizing cyber attacks with major events like the launch of the iPhone 16.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed