certify
Home arrow Article arrow Article Detail

Hacker Group Robbed Crypto Exchanges by $200 Million

Profile Image

Jayashree Ingle Follow

INDIA

Aug, 21 2020

Aug, 21 2020

likes | comments 0

Article Image

According to a report published by top cyber security firm ClearSky, a hacking group known as CryptoCore has stolen more than 200 million from several crypto exchanges since 2018.

The hacking group is reportedly operating somewhere out of Eastern Europe, Romania, Russia, or Ukraine. The notorious group is also known as “Dangerous password” or “Leery Turtle”.

It has used Spear- phishing emails and Social engineering techniques to gain access to the accounts and email-ids of employees and executives of the crypto exchanges of China, the US, and Japan.

As per the report, though the group has managed to steal more than $200 million so far, technically they are not so advanced on a massive scale. Their noticeable strategies are ‘swift’, ‘persistent’, and ‘efficient’.

Modus Operand of the CryptoCore

The group uses a spear-phishing technique to access cryptocurrency wallets belonging to the exchanges. They send emails to the employees of the company posing as the top executive or close associates of the firms.

Once the mail is opened, that id of the employee gets hacked, the group installs malware and access the password of the account, the group then steals all the private keys of the crypto wallets. They wait till the removal of the multi-factor authenticator. Once it is removed, the hackers act swiftly to steal the money from the wallets.

The report mentions that the malware they use frequently is called Mimikatz.   


Disclaimer

The information provided through the above Content is for informational purposes only. The Content is not intended to be, and does not, constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. We do not make any guarantee or other promise as to any results that may be obtained using our Content. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses.



likes | comments 0

Profile Image

Jayashree Ingle

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
OKEx aims to expand into Australia

OKX, a crypto exchange which is based in Seychelles, has indicated its planning to expand its crypto services to Australia..;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.