In August, compared with July, the number of various security incidents and the losses caused dropped significantly. 29 typical security incidents occurred. The amount of losses caused by various security incidents was approximately US$41.151 million, a decrease of approximately 90% from July. The losses caused by this month's attacks ranged from hundreds of thousands to millions of dollars. Rug Pull caused losses of approximately US$24.74 million, an increase of approximately 18% from July.
The largest attack incident this month was the attack on the Exactly Protocol on the Optimism chain, which resulted in a loss of approximately US$7.3 million. The major fraud incidents this month include: PEPE multi-signature wallet outflow of US$15.5 million, which the official stated was "attributable to three former team members"; the Magnate Finance project Rug Pull on the Base chain, which lost approximately US$6.5 million. In addition, there has been an increase in crypto crime cases this month, involving multiple cases worth over 100 million yuan.
#DeFiField
There were 9 typical security incidents , causing losses of approximately US$ 12.691 million.
① On August 2, the Uwerx network was attacked, resulting in a loss of approximately US$320,000.
② On August 8, the stablecoin protocol Steadifi was attacked. The attacker gained control of the wallet of the protocol deployer, causing a loss of approximately US$1.14 million.
③ On August 9, the DeFi project Earning Farm suffered a re-entry attack, resulting in a loss of approximately US$530,000.
④ On August 14, the DeFi revenue aggregation protocol Zunami Protocol suffered a price manipulation attack, resulting in a loss of approximately US$2.1 million.
⑤ On August 15, RocketSwap on the Base chain was attacked by hackers due to the leakage of private keys. The hackers made a profit of approximately US$870,000.
⑥ On August 18, the DeFi lending protocol Exactly Protocol was attacked, resulting in a loss of approximately US$7.3 million.
⑦ On August 19, Harbor Protocol, the Cosmos ecological cross-chain stable currency protocol, was attacked and lost about 18,000 US dollars.
⑧ On August 20, the derivatives market Thales was attacked due to the leakage of private keys, resulting in a loss of approximately US$13,000 on BNB Chain.
⑨ On August 26, the token STV on BNB Chain was attacked, resulting in a loss of approximately US$400,000.
#DEX field
3 typical security incidents , resulting in a loss of about 3.72 million US dollars
① On August 1, LeetSwap, a decentralized exchange on the BASE chain, suffered a price manipulation attack and suffered a loss of approximately US$620,000.
② On August 7, Cypher, a decentralized exchange based on Solana, was attacked, causing a loss of approximately US$1 million.
③ On August 23, Balancer stated that it had received serious vulnerability reports affecting multiple V2 pools. This vulnerability has not yet been exploited and users are advised to withdraw funds as soon as possible. On August 27, Balancer was attacked by hackers for multiple flash loans. The hackers made a total profit of approximately US$2.1 million from the two projects of Balancer and Beethoven X.
#fraud escape
There were 6 typical security incidents , causing losses of approximately US$ 24.74 million.
① On August 3, a Rug Pull occurred on the Apache NFT SalesRoom (ASN) on the BNB Chain chain, and the deployer made a profit of approximately US$680,000.
② On August 6, a Rug Pull occurred on the Bitlord project, and the deployer made a profit of approximately US$560,000.
③ On August 16, a Rug Pull occurred in the SwirlLend project on the Base chain, and the deployer earned more than $500,000.
④ On August 21, a Rug Pull occurred on the fake "LayerZero" token on the BNB Chain, and the deployer made a profit of 1 million US dollars.
⑤ On August 24, the PEPE multi-signature wallet changed the threshold from 5/8 to 2/8, and more than 16 trillion PEPE (approximately $15.5 million) flowed from the PEPE multi-signature wallet to Binance, OKX and Bybit. On August 26, PEPE officially stated that since its establishment, PEPE has been troubled by internal conflicts, and the sale of coins was done by three former members of the team.
⑥ On August 25, Magnate Finance on the Base chain carried out Rug Pull by directly manipulating the price oracle, and lost about 6.5 million US dollars. Its deployer address has been linked to previous Solfire and Kokomo Finance scams.
#encryption case
11 typical security incidents
① According to news on August 8, legal authorities in Odisha, India, successfully cracked a cryptocurrency Ponzi scheme worth $120 million (Rs 10 billion). The project involved is called The Solar Techno Alliance (STA).
② According to news on August 9, the Hubei Public Security Bureau cracked the virtual currency money laundering case, arrested 22 suspects, and accumulated money laundering amounted to 300 million yuan.
③ On August 16, according to official information from the Singapore Police Force, the Singapore police arrested 10 foreign suspects suspected of money laundering and forging documents. The total value of the property involved was approximately 1 billion Singapore dollars (approximately US$740 million), which was the largest amount of money involved in Singapore history. Top money laundering case.
④ According to news on August 23, after a two-year investigation, the Israeli police accused businessman Moshe Hogeg and his partners of defrauding investors of US$290 million in cryptocurrency.
⑤ According to official announcements on August 24, the U.S. Department of Justice charged Tornado Cash founders Roman Storm and Roman Semenov with conspiracy to launder money, violating sanctions and operating an unlicensed remittance business.
⑥ According to news on August 27, the Hong Kong police launched an anti-money laundering operation this month and arrested 458 people suspected of money laundering and related crimes, involving an amount of HK$470 million.
⑦ According to news on August 30, Shanxi police busted a "money laundering" criminal gang that used gold and virtual currencies to sell stolen goods, and the money involved in the case amounted to 135 million yuan.
⑧ On August 21, the Youxian District Branch of Mianyang Public Security Bureau in Sichuan Province cracked a telecommunications network fraud and money laundering case, arrested more than 90 suspects, destroyed 3 dens, and verified more than 30 million yuan of funds involved.
⑨ A U.S. District Court sentenced a man to 36 months in prison for participating in a conspiracy to defraud cryptocurrency owners. The man, Anthony Francis Faulk, was also ordered to pay $2,816,433 in restitution to 11 victims of the SIM swap fraud scheme. In his written plea agreement, Faulk admitted to masterminding a scheme to extort cryptocurrency owners. The scheme, which was carried out between October 2016 and May 2018, involved defrauding mobile phone operators into giving Faulk and his associates Matthew Ditman and Ahmad Hared control of the victims' mobile phone numbers. Once they gain control of the numbers, Falk uses it to attack and steal victims' digital assets.
⑩ On August 14, the Xinghualing Branch of the Taiyuan City Public Security Bureau in Shanxi Province cut off a criminal chain that provided money laundering services to electronic fraud groups through buying and selling cigarettes and using virtual currency transactions, and arrested 23 suspects, involving 43 electronic fraud cases. , involving more than 84 million yuan in turnover.
⑪ On August 8, the Hong Kong police launched an operation code-named "Yimen" and arrested seven local and foreign individuals on suspicion of conspiracy to launder money. The arrested persons opened dummy accounts to withdraw money through cash withdrawals and buy and sell virtual currencies. , Laundering more than 110 million yuan in criminal proceeds.