Cybersecurity
The hacker group Gonjeshke Darande claimed responsibility for a $90 million theft from Nobitex, Iran's largest cryptocurrency exchange. The stolen assets were transferred and burned with political messages against Iran's Revolutionary Guard, highlighting political motives amid rising regional tensions. Nobitex confirmed the breach and the incident raises concerns over crypto's role amid international sanctions.
Paraguay's President Santiago Pena's official X (Twitter) account was likely hacked, posting false claims about Bitcoin adoption and a $5 million Bitcoin reserve fund. The government urges citizens to ignore the false content while investigations are ongoing.
The U.S. Department of Justice has begun an investigation into the cyberattack on Coinbase, estimating potential losses up to $400 million. Although some customer data was compromised, login credentials remain secure.
Coinbase, the largest U.S.-based cryptocurrency exchange, is in the spotlight after hackers stole customer personal data and demanded a $20 million ransom. CEO Brian Armstrong confirmed that some external agents were bribed to release customer information. Coinbase has chosen not to pay and is offering a bounty for information leading to the hackers' arrest. Following the breach, the exchange has committed to enhancing fraud prevention measures, yet shares have already taken a hit.
On May 15, 2025, Coinbase revealed it was hit by a cyber attack that led to the theft of partial customer data and a $20 million ransom demand. Despite this, the exchange is offering a $20 million reward for information leading to the hackers' capture. This incident highlights the ongoing vulnerabilities in the cryptocurrency sector amid recent market revival and legal challenges.
In 2019, North Korean hackers linked to military intelligence stole approximately $42 million in Ethereum from a South Korean cryptocurrency exchange. This attack highlights the ongoing cybersecurity threats in the crypto space and the importance of investing wisely amidst potential risks. For those looking to invest in cryptocurrencies like Ethereum, Bitlet.app offers a Crypto Installment service that allows you to buy now and pay monthly.
In a startling revelation, South Korean police have confirmed that hackers connected to North Korea's military intelligence stole approximately $42 million in Ethereum in 2019. This incident marks a significant cyberattack that illustrates the growing vulnerability of cryptocurrency exchanges.