Cyvers in the News

Indonesian crypto exchange Indodax hacked, issues advisory

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^{Cyvers Alerts issued an alert to Indoda}x suggesting that its system detected multiple suspicious transactions involving the exchange’s wallets on different networks. It mentioned that a suspicious address was holding $14.4 million USD and was caught swapping the tokens for Ether.

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It later added that they detected more than 150 such transactions and the total loss had breached $18.2 billion.

Indonesian crypto exchange Indodax suffers $22m hack: report

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^{Analysts at Cyvers  , another blockchain forensic firm}, say the hackers have already swapped the stolen tokens to Ethereum, with on-chain data showing altcoins have also been converted into TRON, Polygon, and Bitcoin.

Bitcoin ETFs are next major target for North Korean hackers — Cyvers

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Hackers could start shifting their attention to the US Bitcoin ETFs due to the sizable potential bounty, ^{according to Michael Pearl, vice president of GTM strategy at onchain security company Cyvers}

Pearl told Cointelegraph in an exclusive interview:

“Only recently the FBI has issued a warning that North Korean hackers are going to try to infiltrate and steal money from ETFs. So, all those ETFs […] are storing the base Bitcoin somewhere. And you can be certain that somebody is already planning and thinking of how they're going to steal it.”