ChainCatcher news, a report released by Chainalysis shows that in 2024, the amount of cryptocurrency thefts exceeded $2.2 billion, with an increase in hacking incidents. This marks the fifth consecutive year that the stolen amount has surpassed $1 billion.

ChainCatcher news, according to BeInCrypto, Indian police have arrested West Bengal resident SK Masud Alam for allegedly participating in the WazirX hacking incident. Earlier this year, the hacking incident resulted in a loss of over $230 million in cryptocurrency, leaving customers unable to withdraw their funds.Alam is accused of creating a fake account under the alias Souvik Mondal and selling that account to hackers via Telegram. The account was later used to conduct illegal operations against the cryptocurrency exchange WazirX.

ChainCatcher news, according to Decrypt, the U.S. Department of Justice (DOJ) has established a website to collect statements from individuals affected by the 2016 Bitfinex hacking incident, aiming to provide potential victims an opportunity to share how the criminal actions of Ilya Lichtenstein and his wife Heather Morgan have impacted them.Although the DOJ's position is that, under the Crime Victims' Rights Act (CVRA), there are no victims of a convicted crime, the department has still issued this notice to the public to ensure that anyone who may have been harmed by the defendant's actions can be heard. This includes affected Bitfinex account holders.

ChainCatcher news, Ethereum Layer 2 protocol Loopring has reported multiple hacking incidents affecting Loopring smart wallet users, stating that the recent events are actually a mix of two independent but interconnected incidents, ultimately leading to some affected Loopring smart wallet users losing funds. In April, the Loopring relayer was attacked, resulting in the loss of internal assets for the team, and in June, the Loopring wallet addresses suffered a subsequent attack, causing 58 user addresses to lose funds. Although users are ultimately responsible for the security of their self-custody to ensure protection against centralization and single points of failure, the Loopring team is willing to collaborate with more law enforcement and security teams to help users recover lost assets.Loopring stated that in light of this incident, we are shifting resources and core focus to the multi-network Loopring Layer 3 and Loopring DeFi DApp product suite. The Loopring Wallet will remain open to existing users, but mobile development efforts will shift towards optimizing the Loopring DeFi DApp.

ChainCatcher news, Penpie has released a report on the hacking incident, with a total of approximately $27.34 million worth of 11,113.6 ETH stolen. The attacker exploited a security vulnerability on the Penpie platform by manipulating a fake Pendle market to maximize rewards. The vulnerability is located in the batchHarvestMarketRewards() function of the PendleStakingBaseUpg contract, where the attacker manipulated the reward tokens and their quantities by re-entering the depositMarket() function and repeatedly adding new deposits from flash loans. The Penpie team responded quickly, suspending deposit and withdrawal functions, and collaborating with multiple security agencies to trace the stolen funds.Currently, the Penpie frontend has been restored, and the team is working with law enforcement to identify and apprehend the attacker. Additionally, the Penpie team is developing a compensation plan to fairly address the losses of affected users.

ChainCatcher message, the stablecoin protocol Usual stated that its USD0 pool was not affected by the Penpie hacking incident.

ChainCatcher message, Alex Lab officially announced on social media an update regarding the theft incident, stating, "We are committed to transparency and user compensation. Starting from June 5, 2024, all ALEX's revenue will be used to compensate users affected by the hacking incident."Previously, ALEX Lab suffered an attack resulting in a loss of $4.3 million and promised to offer a 10% bounty to the hacker for the return of the stolen assets. Since then, they have recovered some of the stolen funds and are considering remedies for the affected users.

ChainCatcher news, on-chain detective ZachXBT posted on platform X, analyzing hacker behavior through on-chain data, indicating that the WazirX hacking incident has characteristics of an attack by the hacker organization Lazarus Group. ZachXBT stated: "I hope the WazirX team can publicly share their investigation results. I solved the Arkham bounty issue and discovered the KYC exchange deposits made by the WazirX hacker; unfortunately, this may not be very helpful, as KYC-verified accounts can be easily purchased online for any transactions."

ChainCatcher news, according to PeckShield data, there were over 200 major hacking incidents in the crypto space in the first half of 2024, resulting in losses of approximately $1.56 billion, of which $319 million was recovered. Compared to the same period in 2023, losses increased by 293% (when losses were $480 million). DeFi protocols remain the primary target, accounting for 59% of the total value stolen.In the first half of 2024, more than 20 public chains experienced significant hacking attacks, with the top three cryptocurrencies by loss amount being Ethereum, Bitcoin, and XRP. Ethereum and BNB Chain tied for the highest number of attacks, each accounting for 31.3% of the total, followed by Arbitrum at 12.5%.

ChainCatcher news, according to Cointelegraph, Curve Finance (CRV) founder Michael Egorov explained regarding the recent UwU Lend hack that the incident did not exploit Curve Finance itself, clarifying that: "This is not a Curve vulnerability; it is an exploitation of a separate project (UwU Lend)." He explained that the hacker deposited CRV taken from UwU into Curve's LlamaLend platform and then disappeared with the funds, leaving his debt in the system.Egorov emphasized measures to prevent future exploitations, suggesting that UwU Lend re-verify all contracts and collaborate with reputable security auditors in hopes of recovering losses.

ChainCatcher message, Owlto Finance released a recap of the Munchables hacking incident. The protocol assisted in intercepting the hacker's funds immediately after being contacted by Pacman and ZachXBT yesterday. Owlto Finance stated that the security of user assets has always been its top priority, and anyone in need of assistance can reach out to them.

ChainCatcher message, the decentralized data market Masa Network stated that the Masa team will directly contact the affected users regarding the short-term theft incident of X accounts. Masa's systems and other social accounts were not affected. All data, infrastructure, and funds are secure.In addition, Masa has taken immediate action to report fraudulent and scam websites to all relevant service providers and authorities. According to reports submitted by the community as of January 31, 2024, 5:00, the only wallets affected by this incident do not exceed 20. Masa is continuing to investigate the extent of the impact and is conducting a detailed investigation in collaboration with third-party partners and authorities.

ChainCatcher news, Ethereum's early advisor Steven Nerayoff provided an update on his lawsuit against co-founders Vitalik Buterin, Joseph Lubin, and the Ethereum Foundation. To further deepen the case, Nerayoff teamed up with on-chain detective TruthLabs to uncover on-chain evidence, which allegedly involves fraudulent activities by Buterin, Lubin, and the Ethereum Foundation.TruthLabs discovered evidence of the Ethereum Foundation's involvement in the 2016 Gatecoin hack, which resulted in the loss of 185,000 ETH and 250 BTC. Nerayoff has also reached out to other Ethereum insiders who can provide concrete evidence of the alleged fraudulent activities.In a detailed statement on X, Nerayoff accused Ethereum co-founders of choosing silence regarding these allegations, believing that this strategy amounts to a confession.

ChainCatcher news, the cross-chain interoperability protocol Socket has announced a customer compensation plan in response to the hacking incident, offering 100% compensation to all affected users.It is reported that Bungee, the bridging aggregator developed by Socket, was hacked last week, resulting in a loss of approximately $3.3 million. After statistics, Socket stated that the incident affected a total of 232 users and involved 5 types of assets. Earlier this week, Socket has recovered 1,032 ETH, worth about $2.2 million, and to fully compensate user losses, Socket will also contribute an additional $1.1 million for compensation.

ChainCatcher news, according to Arkham monitoring, the FTX hacker transferred $12 million worth of Bitcoin again this morning. Based on previous transfer patterns, these funds are likely to be deposited into a cryptocurrency mixer.The hacker last transferred Bitcoin on January 6, having already mixed over $600 million worth of Bitcoin. Currently, the hacker's address has moved almost all of the stolen Bitcoin out of known accounts, leaving a balance of only 1.5 Bitcoin.

ChainCatcher news, according to the official announcement, Parallel Finance disclosed that it detected unusual activity in the uPPG token pool yesterday, where a smart contract attempted to artificially inflate the price of the uPPG token on Uniswap to maximize lending potential.Currently, Parallel Finance has successfully blocked this behavior and confiscated the funds used by the attacker. These funds will be held in the platform's multi-signature wallet, awaiting post-incident analysis by security partners. Additionally, these funds will be used for ongoing security improvements and to serve the community. It is worth noting that Parallel Finance confirmed that user funds were not affected and the protocol is operating smoothly.