BlockThreat - Week 45, 2022
FTX | OFAC | North Korea | brahTOPG | Abracadabra
It’s never a dull week in crypto! FTX is spiraling out of control with bankruptcy, legal troubles, and now a major compromise. A pattern is emerging with asset issuers quickly blacklisting bad actor’s addresses. Following the FTX hack Tether and Paxos froze $40M. U.S Treasury doubled down on Tornado Cash sanctions by explicitly linking it to North Korea’s nuclear weapons program.
Stay safe out there and let’s dive into the news.
On November 8, 2022 Abracadabra lost $110K in a price oracle manipulation attack.
On November 9, 2022 brahTOPG lost $90K due to insufficient function parameter validation.
On November 12, 2022 FTX insider stole $380M from wallets across Ethereum, BSC, Polygon, BSC, Tron, and Solana chains. The events surrounding the compromised resulted in many unfounded rumors such as a malicious mobile app update and a hacked website. FTX responded by moving remaining assets to new cold storage addresses. USDT and PAXG also responded by freezing attacker’s assets.
Cryptocom accidentally sent $400M to the wrong address.
Bitcoin Optech Responsible Disclosures Database.
KmsdBot: The Attack and Mine Malware by Akamai.
Does OpenSea Shared Storefront have a backdoor? by William Entriken.
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