China News by Thebittimes.Com

Jihoz, the co-founder of crypto gaming platform Axie Infinity, has reportedly been hacked for $9.7 million from two ‘compromised’ personal wallets. Over 3 million RON tokens were drained on the Ronin Network before being sold for ETH, causing a 9% drop in the token’s price, according to data from CoinMarketCap. According to Peckshield, over 3,000 ETH were withdrawn from the game’s Ronin Bridge, which also suffered a loss from compromised keys in 2022. The funds were immediately deposited into crypto mixing service Tornado Cash. This has been a tough morning for me.  Two of my addresses have been compromised. The attack is limited to my personal accounts, and has nothing to do with validation or operations of the Ronin chain. Additionally, the leaked keys have nothing to do with Sky Mavis operations.… — Jihoz.ron (@Jihoz_Axie) February 23, 2024 Read more: Explainer: What to know about crypto mixer Tornado Cash Security firm Ancilia’s initial flagging of the withdrawals su...

An unknown user lost $4.2 million worth of aEthWETH and aEthUNI tokens on Jan. 22. According to an X crypto researcher under the handle @realscamsniffer, an unidentified person has lost aEthWETH and aEthUNI amounting to $4.2 million after verifying transactions with a falsified ERC-20 permission signature. insane! someone lost $4.20m worth of aEthWETH and aEthUNI to crypto phishing about 40 minutes ago!https://t.co/PqtYbfjrW5 pic.twitter.com/2Nhx4HDQcK — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) January 22, 2024 The victim signed approvals for several transactions with an ERC-20 authorization that used an opcode contract to bypass security warnings that created new addresses for each signature before the transaction had been executed, which redirected victims’ funds from the victim to the new unauthorized address. Opcode malware in the context of cryptocurrency hacks refers to malicious software that exploits the operation codes used in the scripting languages of v...