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$400Million Coinbase Breach Linked to Customer Data Leak from India


Coinbase data breach linked to India

A Reuters investigation revealed that cryptocurrency exchange Coinbase knew in January about a breach affecting outsourced customer support agents in India. Six people who knew about the incident said Coinbase was aware of sensitive user data compromise through its contractor, TaskUs, before it was officially announced in May. 

On 14th May, TaskUs filed an SEC document revealing that an India-based TaskUs employee was found taking pictures of a computer screen with her phone. Five former TaskUs employees confirmed that the worker and one accomplice were bribed by threat actors to get Coinbase user data.

The breach cost $400 million

After this information, more than 200 TaskUs employees were fired in a mass layoff from the Indore center, which drew media attention in India. Earlier, Coinbase suspected ‘overseas support agents’ but now the breach is estimated to cost 400 million dollars.

Coinbase had been a long-term partner of TaskUs, a Texas-based outsourcing firm, cost-cutting labor by giving customer support work to offshore teams. After 2017, TaskUs agents, mostly from developing countries, handled Coinbase customer inquiries. 

In the May SEC filing, Coinbase said it didn’t know about the full scale of the breach until it received an extortion demand of $20 Million on 11th May. As a cautionary measure, Coinbase cut ties with TaskUs employees and other unknown foreign actors. Coinbase has notified regulators, compensated affected users, and taken strict measures to strengthen security. 

In a public statement, TaskUs confirmed it had fired two staff (unnamed) for data theft but didn’t mention Coinbase. The company found the two staff involved in a cyber attack campaign that targeted other service providers linked to the client. 

Hackers use social engineering tactic

Hackers did not breach the Coinbase crypto wallets directly, they cleverly used the stolen information to impersonate the Coinbase employees in a series of social engineering scams. The hackers posed as support agents, fooling victims into transferring their crypto assets. 

According to Money Control, “The person familiar with the matter confirmed that Coinbase was the client and that the incident took place in January. Reuters could not determine whether any arrests have been made. Police in Indore did not return a message seeking comment.”

Malicious PyPI Packages Exploit Gmail to Steal Sensitive Data

 

Cybersecurity researchers have uncovered a disturbing new tactic involving malicious PyPI packages that use Gmail to exfiltrate stolen data and communicate with threat actors. The discovery, made by security firm Socket, led to the removal of the infected packages from the Python Package Index (PyPI), although not before considerable damage had already occurred.

Socket reported identifying seven malicious packages on PyPI, some of which had been listed for more than four years. Collectively, these packages had been downloaded over 55,000 times. Most were spoofed versions of the legitimate "Coffin" package, with deceptive names such as Coffin-Codes-Pro, Coffin-Codes, NET2, Coffin-Codes-NET, Coffin-Codes-2022, Coffin2022, and Coffin-Grave. Another package was titled cfc-bsb.

According to the researchers, once installed, these packages would connect to Gmail using hardcoded credentials and initiate communication with a command-and-control (C2) server. They would then establish a WebSockets tunnel that leverages Gmail’s email server, allowing the traffic to bypass traditional firewalls and security systems.

This setup enabled attackers to remotely execute code, extract files, and gain unauthorized access to targeted systems.

Evidence suggests that the attackers were mainly targeting cryptocurrency assets. One of the email addresses used by the malware featured terms like “blockchain” and “bitcoin” — an indication of its intent.

“Coffin-Codes-Pro establishes a connection to Gmail’s SMTP server using hardcoded credentials, namely sphacoffin@gmail[.]com and a password,” the report says.
“It then sends a message to a second email address, blockchain[.]bitcoins2020@gmail[.]com politely and demurely signaling that the implant is working.”

Socket has issued a warning to all Python developers and users who may have installed these packages, advising them to remove the compromised libraries immediately, and rotate all sensitive credentials.

The researchers further advised developers to remain alert for suspicious outbound connections:

“especially SMTP traffic”, and warned them not to trust a package just because it was a few years old.
“To protect your codebase, always verify package authenticity by checking download counts, publisher history, and GitHub repository links,” they added.

“Regular dependency audits help catch unexpected or malicious packages early. Keep strict access controls on private keys, carefully limiting who can view or import them in development. Use isolated, dedicated environments when testing third-party scripts to contain potentially harmful code.”

‘Elusive Comet’ Hackers Exploit Zoom to Target Crypto Users in Sophisticated Scam

 

A newly identified hacking group known as Elusive Comet is targeting cryptocurrency users through a deceptive campaign that leverages Zoom’s remote control feature to gain unauthorized access to victims' systems.

The remote control tool, built into Zoom, enables meeting participants to take control of another person's computer — a capability now being manipulated by cybercriminals to bypass technical defenses through social engineering rather than traditional code exploitation.

According to a report from cybersecurity firm Trail of Bits, the group’s tactics closely resemble those used in the $1.5 billion Bybit crypto heist believed to be linked to the Lazarus group.

"The ELUSIVE COMET methodology mirrors the techniques behind the recent $1.5 billion Bybit hack in February, where attackers manipulated legitimate workflows rather than exploiting code vulnerabilities," explains the Trail of Bits report.

Trail of Bits uncovered the campaign when attackers attempted to target their CEO via a direct message on X (formerly Twitter), posing as representatives of Bloomberg Crypto.

The ruse begins with a fraudulent invitation to a "Bloomberg Crypto" interview, sent to high-profile individuals either through email (bloombergconferences[@]gmail.com) or social media. The attackers use sock-puppet accounts, mimicking journalists or crypto media outlets, and send Calendly links to schedule the meeting.

Because both Calendly and Zoom links are genuine, the setup appears trustworthy to the victims. During the meeting, the attackers launch a screen-sharing session and issue a remote control request — with a crucial twist: their Zoom display name is changed to “Zoom.”

This results in a misleading prompt that reads:
"Zoom is requesting remote control of your screen,"
— tricking the target into thinking the request is from the app itself.

Granting access allows the attacker full remote control, enabling data theft, malware installation, unauthorized file access, or even the initiation of crypto transactions. In some cases, attackers establish persistence through hidden backdoors, remaining unnoticed even after disconnecting.

"What makes this attack particularly dangerous is the permission dialog's similarity to other harmless Zoom notifications," says Trail of Bits.
"Users habituated to clicking 'Approve' on Zoom prompts may grant complete control of their computer without realizing the implications."

To guard against such threats, Trail of Bits recommends the use of Privacy Preferences Policy Control (PPPC) profiles to restrict system accessibility permissions. For highly sensitive environments — particularly those handling digital assets or crypto transactions — the firm advises removing the Zoom desktop client entirely.

"For organizations handling particularly sensitive data or cryptocurrency transactions, the risk reduction from eliminating the Zoom client entirely often outweighs the minor inconvenience of using browser-based alternatives," explains Trail of Bits.

BitcoinOS to Introduce Alpha Mainnet for Digital Ownership Platform

 

BitcoinOS and Sovryn founder Edan Yago is creating a mechanism to turn Bitcoin into a digital ownership platform. Growing up in South Africa and coming from a family of Holocaust survivors, Yago's early experiences sneaking gold coins out of the nation between the ages of nine and eleven influenced his opinion that having financial independence is crucial for both human dignity and survival. 

"Money is power, and power is freedom," Yago explains. "Controlling people's access to capital means controlling their freedom. That's why property rights are critical. This conviction drives his work on BitcoinOS, which seeks to establish a foundation for digital property rights independent of governments or companies. 

Yago sees technology as the fundamental cause of societal transformation. He argues that the Industrial Revolution made slavery economically unviable, not a sudden moral awakening. However, he warns that technology needs direction, referencing how the internet morphed from a promise of decentralisation to a system dominated by industry titans.

When Yago uncovered Bitcoin in 2011, he saw it as "the missing piece" of digital property rights. Bitcoin introduced a decentralised ledger for ownership records, while Ethereum added smart contracts for decentralised computing, but both have size and efficiency restrictions.

BitcoinOS addresses these issues with zero-knowledge proofs, which enable computations to be confirmed without running on every node. "Instead of putting everything on a blockchain, we only store the proof that a computation happened correctly," Yago tells me. This technique can allow Bitcoin to support numerous types of property, including: real estate, stocks , digital identities, and other assets in Bitcoin's global ledger.

Yago characterises the cryptocurrency business as being in its "teenage years," but believes it will mature over the next decade. His vision goes beyond Bitcoin to embrace digital sovereignty and encryption as ways to better safeguard rights than traditional legal systems. 

BitcoinOS plans to launch its alpha mainnet in the coming months. Yago is optimistic about the project's potential: "We're creating property rights for the digital age." When you comprehend that, everything else comes into place." 

The quest for Bitcoin-based solutions coincides with increased institutional usage. BlackRock, the world's largest asset management, has recently launched its first Bitcoin exchange-traded product in Europe, which is now available on platforms in Paris, Amsterdam, and Frankfurt. This follows BlackRock's success in the United States, where it raised more than $50 billion for similar products.

Malware Alert as Desert Dexter Strikes Over 900 Victims Worldwide

 


Several countries in the Middle East and North Africa have been targeted by an advanced Trojan named Desert Dexter, identified by security experts at Positive Technologies. This malware campaign has compromised nearly 900 victims as a result of its sophisticated campaign. The AsyncRAT malware campaign began in September 2024 to spread a modified variant of the malware using social media platforms and geopolitical tensions in an attempt to exploit these platforms. 

Using deceptive tactics to lure unsuspecting users, hackers exploit the vulnerabilities in the Internet, highlighting the growing threat posed by cyber espionage and political cyberattacks. The Positive Technologies Expert Security Center (PT ESC) has discovered and analyzed a new malware campaign that has been orchestrated to target individuals in the Middle East and North Africa (MENA) region with the primary aim of infecting their systems and exfiltrating sensitive data as a result. 

The campaign has been active since September 2024 and has been using a modified version of AsyncRAT to compromise victims' systems and steal sensitive information. On social media, attackers disguised themselves as legitimate news outlets to spread malware, crafting misleading promotional posts containing links to file-sharing services and Telegram channels, which allowed them to spread malware. 

Once executed, the malware extracts cryptocurrency wallet credentials and establishes communications with a Telegram bot, enabling remote data theft and control over cryptocurrency wallets. About 900 individuals have been reported to be affected by this malware, primarily everyday users. The investigation indicates a significant number of victims are employees from key industries, including oil and gas, construction, information technology, and agriculture. This raises concerns about espionage and financial fraud, which could occur in these industries. 

Based on a geographical analysis of the infections, Libya (49%) has been the worst hit, followed by Saudi Arabia (17%), Egypt (10%), Turkey (9%), the UAE (7%), and Qatar (5%) with additional cases reported across other regions. This attack is widespread, which shows that cybercriminals are evolving their tactics, and enhanced cybersecurity measures are necessary to keep them from harm. This malicious campaign was orchestrated by the Desert Dexter threat group, a group that is named after a single employee suspected of running it. 

It was discovered by cybersecurity researchers that hackers were using temporary accounts and fake news channels to evade advertising filters and disseminate malicious content on Facebook, which enabled them to evade ad filtering mechanisms. There was a similar campaign reported in 2019, however this latest operation seems to incorporate enhancements aimed at improving the efficiency and impact of the malware. 

According to Denis Kuvshinov, Head of Threat Intelligence at Positive Technologies, the attack follows a multi-stage approach that involves several steps and attacks. The initial victim is lured to a file-sharing service or Telegram channel, where a RAR archive containing malicious files is downloaded unintentionally, causing them to unknowingly download them. 

After the files are executed, they install a modified version of AsyncRAT, which gathers data about the system, transmits it to the threat actors' Telegram bot, and then distributes it to them. This variant of AsyncRAT contains the upgraded IdSender module specifically designed for cryptocurrency wallet extensions, two-factor authentication plugins, and wallet management software that are specifically targeted by the latest version. 

Although Desert Dexter's campaign's success has been largely attributed to the use of social media advertising and legitimate online services, which are not highly technical, the tools used by the organization have not been highly sophisticated. There is an attack underway by malicious actors targeting both individuals and high profile officials within the Middle East and North Africa (MENA) region as a result of geopolitical tensions within the region. 

Due to ongoing political instability throughout the MENA region, cyber threats remain a top priority, with phishing campaigns increasingly focusing on politically charged themes to deceive and compromise victims in the region. While the majority of individuals involved in the cyberattack seem to be everyday consumers, cybersecurity researchers have identified individuals across a wide variety of industries, including those involved in oil production, construction, technology, and agriculture, who have also been affected by the cyberattack. 

With the widespread scale of these infections, it is clear that social engineering techniques are effective at deceiving victims and geopolitical narratives. Through the application of these tactics, the attackers managed to successfully infiltrate multiple devices in multiple countries, even though they utilized relatively simple tools. There is a malware campaign that is continuing to succeed, and cybersecurity experts are urging everyone to exercise caution when confronted with unverified links or attachments, particularly those that claim to contain sensitive political material. 

Several organizations operating within the affected regions are advised to adopt proactive cybersecurity strategies, enhance employee awareness regarding cybersecurity threats, and implement robust security protocols for mitigating the risks posed by this and similar emerging threats that are being faced by these organizations.

Telegram's TON Blockchain Embarks on US Growth Mission

 



A foundation, closely associated with Telegram, called the Open Network (TON), is pursuing ambitious expansion in the United States. A strategic move like this comes amid the expectation that Donald Trump's upcoming administration will be able to offer a more favourable regulatory environment. The TON Foundation is proud to announce a pivotal leadership transition: Manuel "Manny" Stotz, an experienced investor and blockchain advocate, has been selected as President of the organisation. 

There is a new chapter in the foundation's journey to accelerate global adoption of the blockchain, emphasising expanded operations in the United States as part of a strategic expansion plan. In a statement released by a spokesperson for the TON Foundation to Cointelegraph on January 14, a spokesperson confirmed to the Cointelegraph that the US will become one of the most important markets for TON under the Trump Administration. 

The TON Foundation has recently appointed Manuel Stotz, one of the world's leading digital asset investors, as its new president. The foundation will be able to expand its operations in the U.S. market with Stotz, the founder of Kingsway Capital Partners. Stotz stated that the U.S. would soon become a global crypto centre specialising in innovation. Steve Yun, who will remain a board member, will resign from the presidency, and he will be taking over the CEO role. 

In light of the trend that a new president in the US is expected to provide a more favourable environment for cryptocurrency, this shift reflects this expectation. It is expected that his administration will address some of the most important regulatory issues on the day of his inauguration, which is scheduled for January 20, among crypto supporters. Among the concerns is how digital assets are treated by banks, with many in the crypto sector hoping that a change will happen in the rules regarding whether they will be accounted for as liabilities. 

In addition to the issue of “de-banking,” which has impacted many crypto firms in the U.S., another issue that may be addressed is the issue of blockchain technology and its prospects. It has been Stotz's honour to serve as a board member of the TON Foundation since it was founded in Switzerland in 2023. With his new role at the TON Foundation, he will replace Steve Yun, who remains on the board. Stotz is a major investor in the digital asset industry and is the founder of Kingsway Capital Partners, an investment management firm. 

There have been over 50 projects backed by the firm, among them Animoca Brands, Blockchain.com, CoinDCX, Toncoin, Genesis Digital Assets, and others. In the TON Foundation's opinion, the changing regulatory environment in the United States offers new opportunities for blockchain technology. Notably, several industry participants are optimistic about the incoming administration's pro-crypto stance, which includes plans for creating a national Bitcoin reserve and promoting blockchain-based economic reform. 

As President-elect Trump has also indicated his desire to advance the field by appointing influential figures, such as Paul Atkins and David Sacks, to key positions in the sector, it is anticipated that these developments will lead to a surge in blockchain and artificial intelligence innovation. TON Foundation president Stotz believes that these developments may signify a turning point for the industry as a whole, and he believes that the US is an important market for accelerating blockchain adoption worldwide.

A decentralised project called TON is closely related to Telegram's TON blockchain, which was developed by the messenger and then turned into a decentralised project. The Toncoin token allows the network to provide 950 million Telegram users with services such as in-app payments and games, and with Stotz's leadership, TON plans to increase its user base and integrate blockchain-based solutions into everyday applications under Stotz's leadership. 

The main objective of the fund is to use Telegram's vast global audience to promote the widespread adoption of blockchain technologies. With the TON Foundation, which is dedicated to supporting the development of the TON blockchain, Telegram's 950 million users will have access to crypto services through Telegram's platform. In 2023, Telegram formalised the foundation in Switzerland, a year after a 2020 settlement with the SEC ended Telegram's earlier fundraising efforts. 

It was announced in December 2024 that the foundation would be expanding to Abu Dhabi following the ADGM's distributed ledger technology framework. This move is intended to provide legal backing for decentralised projects throughout the MENA and APAC regions, with a target of reaching 500 million users by 2028. In the crypto industry, the return of Trump to power could be considered a turning point in the market as a result. He has announced that cryptocurrencies will be treated differently in the United States of America than they were in the past, which could result in more blockchain projects coming into the country in the future and increased innovation in decentralised technologies. 

Despite this change in leadership at the TON Foundation, the organisation continues to adhere to its mission and values even during this transition and continues to follow through with its objectives. As a board member of the foundation, Steve Yun provides ongoing leadership and direction and Manny Stotz plays a pivotal role in helping to make it a place for growth, collaboration, and innovation in the future. TON anticipates milestones to be achieved in the US over the coming months, which will further enhance the company's reputation as one of the leading blockchain companies in the world.

Tech Ventures: Israel Advances in Crypto Ecosystem

Tech Ventures: Israel Advances in Crypto Ecosystem

Israel, often known as the "Startup Nation," has emerged as a global leader in cybersecurity, defense, and internet technologies. Cryptocurrency has easily integrated into the high-tech ecosystem, transforming the digital asset class and blockchain technology into key drivers of the country's economic growth. 

Bitcoin ETFs: The Game Changer

In January 2024, when the Securities and Exchange Commission approved various Bitcoin ETFs in the United States, the worldwide crypto market had a 70% price increase, bringing more than $11 billion into the industry. BTC ETF options for US markets were announced in November 2024, resulting in increased retail and institutional investor inflows into the crypto markets. This contributed to the global crypto bull run.  

Blockaid, Ingonyama, Tres, Oobit, and Fordefi are all part of Israel's cryptocurrency ecosystem. In January 2024, Israel had 24 "unicorns". These are private enterprises worth more than $1 billion.  Then there's Starkware, a leader in the Ethereum scaling field, which has reached a $20 billion valuation since the creation of the $STARK token. 

According to a recent yearly assessment, Tel Aviv has the fifth most attractive startup ecosystem in the world. Despite geopolitical uncertainties, the crypto community will undoubtedly increase. These are cryptocurrency enthusiasts, after all.

Israel and Tech Startup Landscape

Israel has traditionally inspired the technology sector, so it was logical that the blockchain would find its place here. The country has a strong emphasis on education, research, and development, as well as a surplus of technical skills. 

They discovered an odd ally in military intelligence who has assisted in the development of tech entrepreneurs and the facilitation of their cryptocurrency investments. Unit 8200 is deeply involved in the cryptocurrency world, and its alumni have joined and established successful firms, bringing government ties, extensive cybersecurity knowledge, and a well-rounded computer education to the blockchain. The Mamram Blockchain Incubator is also associated with the IDF's Centre for Computing and Information Systems.

Tech Revolution in Israel

The Israeli government has contributed to the digital revolution by publicly experimenting with one of the world's first Central Bank Digital Coins. In 2021, the government released the first prototype of the Digital Shekel, and the Bank of Israel recently announced a Digital Shekel Challenge to investigate potential CBDC uses.

The country is also investing in supercomputer technology to compete in the Artificial Intelligence arms race and keep its position at the forefront of the tech start-up scene. 

Crypto Bull Market Targeted: The Lottie-Player Security Breach


In an alarming development for the tech community, especially for those immersed in the Web3 ecosystem, a supply chain attack has targeted the popular animation library, Lottie-Player. If users fall for this prompt, it could enable attackers to drain cryptocurrency wallets. 

Given Lottie-Player's impressive tally of over 4 million downloads and its significant presence on many prominent websites for animation embedding, this incident underscores the security vulnerabilities associated with open-source libraries.

Understanding the Attack

The breach initially came to light on GitHub when a user noticed an unusual Web3 wallet prompt while integrating Lottie-Player on their website. Upon closer examination, it was discovered that versions 2.0.5, 2.0.6, and 2.0.7 of Lottie-Player, released between 8:12 PM and 9:57 PM GMT on October 30, 2024, had been tampered with and compromised.

The attack involved the introduction of malicious code into three new versions of the Lottie-Player library, a widely used tool for rendering animations on websites and applications. Threat actors infiltrated the distribution chain, embedding code designed to steal cryptocurrencies from users' wallets. This method of attack is particularly insidious because it leverages the trust developers place in the libraries they use.

The Broader Implications

Once the compromised versions were released, they were integrated into numerous high-profile projects, unknowingly exposing countless users to the threat—the malicious code activated during transactions, redirecting funds to wallets controlled by the attackers. In one notable case, a user reportedly lost 10 Bitcoin (BTC), worth hundreds of thousands of dollars, due to a phishing transaction triggered by the malicious script.

Following the discovery of the attack, the Lottie-Player team swiftly released a clean version, 2.0.8, which developers can use to replace the compromised files. To further contain the breach and limit exposure, versions 2.0.5 through 2.0.7 were promptly removed from npm and CDN providers like unpkg and jsdelivr.

Moving Forward

The attack occurred during a pivotal phase of the crypto bull market, intensifying efforts to steal increasingly valuable tokens. To mitigate risks, it's advisable to connect a wallet only for specific purposes rather than granting full-time permissions for signing transactions. Additionally, being prompted to connect a wallet immediately upon entering a website can serve as a potential warning sign.