Cyvers in the News

BNB Whale Drained of $13.5M in DPRK-Linked Phishing Attack

According to Cyvers, the attack likely came at the hands of a website that looked like a trusted site, with minor changes in the domain. The victim then approved a malicious transaction, which resulted in their funds being drained from their wallet.

Tel Aviv-based security firm Cyvers flagged the suspicious withdrawals, prompting manual attribution, as the affected CoinDCX hot wallet lacked public tags and proof-of-reserves documentation.

While CoinDCX did not release the precise figures initially, blockchain sleuth ZachXBT and cybersecurity firm Cyvers flagged unusual activity before the exchange's public disclosure. ZachXBT estimated the stolen amount at around $44.2 million. The stolen stablecoins, USDC and USDT, were first moved from Solana to Ethereum.