Cyvers in the News

Singapore Crypto Exchange BingX Suffers Hot Wallet Exploit, Over $52M Reportedly Stolen

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The attack affected several blockchains, with ^{Cyvers Alerts estimating a total loss of over $52 million.}

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^{Cyvers Alerts later updated the loss figure, indicating that the total now exceeds $52 million, with most of the stolen assets being swapped.} The affected chains include Ethereum, BNBChain, BASE, Optimism, Polygon, Arbitrum, and Avalanche.

Indonesian Crypto Exchange Hit by $20.5M Hack, Lazarus Group Suspected

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^{According to Cyvers}, the attacker, believed by some observers to be the Lazarus Group, performed more than 150 transactions. The security firm believes the attack vector exploited by the attacker is related to an access control violation.

Indonesian exchange Indodax faces $20 million loss from apparent exploit

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"We identified a significant security breach targeting Indodax's hot wallet, resulting in a loss of over $20.5 million across multiple chains, "^{said Yosi Hammer from blockchain security firm Cyvers}. "Our real-time monitoring systems flagged 160 critical red flags at the onset, beginning with a transfer of 660 ETH."