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This Week in Crypto Hacks: Major Breaches Lead to $41 Million Loss

Welcome to this week’s Crypto Hack Weekly Report, where we uncover the most alarming hacks and scams shaking up the crypto landscape. This week’s headlines include a massive data breach at Authy, a wallet heist at Bittensor, and a high-profile hack targeting Sydney Sweeney’s X account.

Buckle up as we dive into the details of these cyber incidents.

Authy Breach: Millions of Phone Numbers Compromised

In a significant breach, Authy, a leading two-factor authentication provider, has had its database of 33 million phone numbers stolen. The attackers exploited an unpatched API interface, allowing them to access and compromise the phone numbers of Authy’s users. This breach raises the risk of phishing attacks and SIM swapping for those affected.

Authy’s parent company, Twilio, has confirmed the breach and is working to enhance security for its clients. They are advising users to update their Android and iOS apps to the latest versions and to remain vigilant against phishing attempts.

Bittensor Wallet Heist: $8 Million in TAO Tokens Vanished

Hackers have struck the Bittensor wallet, making off with approximately $8 million worth of TAO tokens. In total, around 32,000 TAO tokens have been reported missing. Blockchain investigator ZachXBT suggests that the attack might have involved the theft of a private key. Bittensor has identified that the exploit was facilitated through a phishing package disguised as a legitimate Bittensor update, uploaded to the Python Package Index (PyPi).

The precise method of how this malicious package was delivered remains unclear.

Sydney Sweeney’s X Account Hacked: Celebrity Targeted

In a high-profile attack, Sydney Sweeney’s X account was hacked, and the stolen credentials were used to promote a fraudulent Solana-based meme currency named after the “Euphoria” star. The hackers created fake posts claiming Sweeney would be hosting a live X Spaces session about the token, and also staged a giveaway and token burn event.

These deceptive posts have since been removed, but the incident highlights a growing trend of celebrities being targeted by similar scams.

These recent breaches and scams underscore the importance of robust security measures and personal vigilance. As the crypto world grapples with large-scale data leaks, wallet thefts, and social media scams, it’s clear that safeguarding your accounts requires both network protection and individual responsibility.

Also Read: Crypto Hacks Report: Over $1.5 Billion Stolen in H1 2024!

Stay informed and stay safe with Coinpedia!

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