{"id":46457,"date":"2022-05-03T14:08:28","date_gmt":"2022-05-03T14:08:28","guid":{"rendered":"https:\/\/packetstormsecurity.com\/news\/view\/33398\/Crypto-Hackers-Have-Stolen-More-Than-370-Million-In-April-Alone.html"},"modified":"2022-05-03T14:08:28","modified_gmt":"2022-05-03T14:08:28","slug":"crypto-hackers-have-stolen-more-than-370-million-in-april-alone","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/crypto-hackers-have-stolen-more-than-370-million-in-april-alone\/","title":{"rendered":"Crypto Hackers Have Stolen More Than $370 Million In April Alone"},"content":{"rendered":"<div class=\"topic-callout\" readability=\"7.2888888888889\">\n<div class=\"topic-callout__img\"><a href=\"https:\/\/www.vice.com\/en\/topic\/cyber\"><img decoding=\"async\" src=\"https:\/\/video-images.vice.com\/topics\/57a205628cb727dec795a6b1\/callout_logo\/1614199980283-screen-shot-2021-02-24-at-34918-pm.png?resize=240:*\" alt=\"Screen Shot 2021-02-24 at 3\"><\/a><\/div>\n<p>Hacking. Disinformation. Surveillance. CYBER is Motherboard&#8217;s podcast and reporting on the dark underbelly of the internet.<\/p>\n<\/div>\n<p><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"31\"><\/p>\n<p>In April alone, hackers stole more than $370 million in crypto from several web3 projects, according to a cybersecurity firm, with nearly $100 million being stolen over the weekend.<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"34.758823529412\"><\/p>\n<p>In the last month, there were 31 hacks affecting crypto or web3 projects, including <a href=\"https:\/\/www.vice.com\/en\/article\/4awe53\/we-are-fucked-crypto-stablecoin-collapses-after-dollar182m-hack\"><span>Beanstalk<\/span><\/a>, Fei Protocol, Deus Finance, and <a href=\"https:\/\/www.vice.com\/en\/article\/88gpxg\/bored-ape-yacht-club-instagram-hacked-nfts-worth-millions-stolen\"><span>Bored Ape Yacht Club<\/span><\/a>, according to a tally by CertiK, a company that specializes in cybersecurity in the crypto space. These hacks were of different kinds, from exploiting protocols to phishing users directly.&nbsp;&nbsp;<\/p>\n<p><\/span><span><\/p>\n<div class=\"adph adph--border\">\n<p>Advertisement<\/p>\n<\/div>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"32.368686868687\"><\/p>\n<p>Just over the last weekend, decentralized finance (DeFi) platforms Saddle Finance and FEI Protocol (which merged with Rari Capital last year) were hacked and lost $10 million and $80 million, respectively. Saddle\u2019s hack could have been worse, as cybersecurity company BlockSec took advantage of the same vulnerability the hackers used to secure almost $4 million in crypto, <a href=\"https:\/\/twitter.com\/saddlefinance\/status\/1520517647074529281\" target=\"_blank\" rel=\"noopener\"><span>according to Saddle<\/span><\/a>.<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"27\"><\/p>\n<p>Fei Protocol offered $10 million as a bounty to the hacker if they return the stolen funds.&nbsp;<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"26.689655172414\"><\/p>\n<p>\u201cTo the exploiter, please accept a $10m bounty and no questions asked if you return the remaining user funds,\u201d Fei Protocol <a href=\"https:\/\/twitter.com\/feiprotocol\/status\/1520344430242254849\" target=\"_blank\" rel=\"noopener\"><span>wrote on Twitter<\/span><\/a>.<\/p>\n<p><\/span><\/p>\n<blockquote data-component=\"QuoteBlock\" class=\"abc__quote abc__quote--blockquote\" readability=\"8.4545454545455\">\n<p><strong>Do you have information about other crypto hacks? Do you research vulnerabilities on cryptocurrencies and their networks? We\u2019d love to hear from you.<\/strong> <em><strong>You can contact Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257 1382, Wickr\/Telegram\/Wire @lorenzofb, or email&nbsp;<a href=\"mailto:lorenzofb@vice.com\">lorenzofb@vice.com<\/a><\/strong><\/em><\/p>\n<\/blockquote>\n<p><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"25.375\"><\/p>\n<p>Saddle is trying to do the same. On Twitter, <a href=\"https:\/\/twitter.com\/saddlefinance\/status\/1520517796458905600\" target=\"_blank\" rel=\"noopener\"><span>the company wrote<\/span><\/a> that it is trying to reach out to the hacker \u201cto negotiate a bounty.\u201d<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"28\"><\/p>\n<p>\u201c**If you are the attacker please DM us to discuss**,\u201d the company wrote.<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"23.638095238095\"><\/p>\n<p>While this may seem like a pointless and desperate attempt to recover the stolen funds, such tactics have worked in the past. Last year, <a href=\"https:\/\/www.vice.com\/en\/article\/wx5y7b\/this-dollar600-million-crypto-heist-is-the-most-bizarre-hack-in-recent-memory\"><span>after stealing a whopping $600 million from cryptocurrency platform Poly Network<\/span><\/a>, a hacker whom the company called \u201cMr. White Hat\u201d eventually returned all the money. Earlier this year, a hacker who stole more than $3 million from users of blockchain service Multichain <a href=\"https:\/\/www.vice.com\/en\/article\/akv7aa\/a-hacker-is-negotiating-with-victims-on-the-blockchain-after-dollar14m-heist\"><span>offered to return 80% of the stolen funds to the victims<\/span><\/a>\u2014and <a href=\"https:\/\/www.vice.com\/en\/article\/bvn7k3\/white-hat-hacker-returns-dollar1-million-stolen-in-crypto-theft-disaster\"><span>they eventually returned<\/span><\/a> some of the stolen money.&nbsp;<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"31\"><\/p>\n<p>Since the beginning of this year, crypto hackers have stolen $1.6 billion, counting the $1.3 estimated by Chainalysis in the first three months, and the April total.&nbsp;<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"25.021276595745\"><\/p>\n<p><em><strong>Subscribe to our cybersecurity podcast,&nbsp;<a href=\"https:\/\/itunes.apple.com\/gb\/podcast\/cyber\/id1441708044?mt=2\" target=\"_blank\" rel=\"noopener\">CYBER<\/a>.<\/strong><\/em><\/p>\n<p><\/span>READ MORE <a href=\"https:\/\/packetstormsecurity.com\/news\/view\/33398\/Crypto-Hackers-Have-Stolen-More-Than-370-Million-In-April-Alone.html\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>READ MORE HERE&#8230;<\/p>\n","protected":false},"author":2,"featured_media":46458,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[277],"tags":[8298],"class_list":["post-46457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cybersecurity-blogs","tag-headlinehackerbankcybercrimedata-lossfraudcryptography"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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