• 16/07/2024 15:33

US authorities transferred 2000 BTC to Coinbase, FixedFloat lost $2.8 million due to hacking: what's new on the market

The main thing on the cryptocurrency market.

US authorities transferred 2000 BTC to Coinbase, FixedFloat lost $2.8 million due to hacking: what's new on the market

FixedFloat lost $2.8 million as a result of repeated hacking

The FixedFloat cryptocurrency exchange suffered its second attack since the beginning of the year. Experts determined the amount of damage to be no less than $2.8 million.

According to the team’s statement, the attack on the platform was carried out by the same group of attackers who were behind the hack on February 16. The exchange's infrastructure did not appear to be affected, but hackers exploited the vulnerability of a third-party service provider.

“Although such attacks on third parties are beyond our control, we are taking all necessary measures to strengthen the security of our service and will work to prevent them in the future,” the message says.

FixedFloat did not name the amount of damage and assured that user funds were not harmed.

“Details of the incident have not yet been disclosed due to the ongoing investigation,” explained the developers.

According to Cyvers experts , a “suspicious” withdrawal of $2.8 million worth of cryptocurrency came from the FixedFloat hot wallet.

“The funds were sent to a suspicious address, which subsequently received various digital assets, including ETH, USDT, WETH, DAI and USDC,” noted the company’s cybersecurity specialists.

Then the entire amount was “immediately” converted into air via DEX and sent to the eXch exchange. After these transactions, the FixedFloat hot wallet stopped working, and the platform’s website was closed for maintenance, experts noted.

In February, the exchange lost $26 million as a result of an attack due to problems with access control. After the incident, FixedFloat also began technical work on its page.

Satoshi Nakamoto's email was broken in 2014

On September 8, 2014, the email of the Bitcoin creator under the pseudonym Satoshi Nakamoto was broken. This was stated by BitMEX experts.

According to their data, around that time, three accounts of Satoshi Nakamoto were compromised. These are his accounts on the P2P Foundation forum and the Sourceforge platform, as well as his mailbox on the GMX Mail service.

Analysts noted that it is the latest hack that is most important. The attack on Nakamoto’s mailbox was first noticed by a moderator on the BitcoinTalk forum under the pseudonym Theymos. He stated that he received a letter from this address in which bitcoins were demanded from him.

Later, according to the BitMEX report, an open appeal to Nakamoto appeared on the P2P Foundation forum. It said that his IP address had leaked into the network.

The fact that hacking took place is indicated by a message from Bitcoin developer Peter Todd. He stated that the hacker forwarded him an email from 2011.

BitMEX noted that the news of the hack caused a stir in the Bitcoin community. This also cast doubt on the statement of the creator of the first cryptocurrency that he was not Dorian Nakamoto, dated March 2014.

By that time, Satoshi Nakamoto was no longer in touch with colleagues and the community. The creator of Bitcoin left his last public message on December 12, 2010.

One of the Bitcoin Core developers, Gregory Maxwell, in a correspondence he had with the hacker, asked him not to reveal Nakamoto’s identity. He said he has no plans to do so. He also called Nakamoto a “smart guy.”

From Maxwell’s comments and other materials, BitMEX experts made several conclusions about the hack:

    The hacker was sure that several people had access to the mailbox Human; he likely obtained it by resetting the password by guessing Nakamoto's birthdate, which served as a security question. Let us remind you that the community believes that this is April 5th.

It is worth noting that the identity of Satoshi Nakamoto is still unknown.

US authorities transferred 2,000 BTC to Coinbase

A US government-controlled wallet of 30,174 BTC initiated the transfer of about 2,000 BTC to the Coinbase platform Prime. Experts allowed the sale of assets.

First, a test transaction of 0.001 BTC was carried out, and then the main amount was moved.

This is likely part of the assets seized from James Jun. In April 2023, he was sentenced to a year in prison for stealing 50,000 BTC from the darknet marketplace Silk Road.

In December, the appeals court formalized the confiscation of 69,370 BTC belonging to an illegal Internet platform that was closed more than 10 years ago. The funds were seized in November 2020.

Silk Road founder Ross Ulbricht was found guilty in 2015 of operating a darknet market and other crimes, including drug trafficking and conspiracy to launder funds. He was sentenced to two life sentences.

According to CryptoQuant, the United States authorities continue to own 208,899 BTC (about $13.8 billion).

Goldman Sachs reported a lack of client interest in cryptocurrencies.

Goldman Sachs clients were not interested access to digital assets even after the latest price surge. The IT director of the investment bank's wealth management division, Sharmin Mossavar-Rahmani, said this in an interview with WSJ.

According to her, the situation has not been changed by the active involvement of competitors such as BlackRock and Fidelity in the industry with their Bitcoin ETFs.< /p>

We do not believe this is an investment asset class. We don’t believe in cryptocurrencies,” she said.

One reason for the skepticism is the difficulty in really estimating the intrinsic value of digital assets.

“If you can’t calculate it, then how can you can you be bullish or bearish?” she asked.

Mossawar-Rahman criticized the industry for its hypocrisy: In her opinion, crypto enthusiasts “proclaim the democratization of finance, but the main decisions end up being made by a few people.”


Leave a Reply

Your email address will not be published. Required fields are marked *