Security team: Nearly 41 hacker attacks stole $93.4 million in April
According to reports, PeckShield monitoring shows that in April 2023, approximately 41 hacker attacks stole $93.4 million. As of April 30th, 1245 ETHs and 2515 BNBs have been trans
According to reports, PeckShield monitoring shows that in April 2023, approximately 41 hacker attacks stole $93.4 million. As of April 30th, 1245 ETHs and 2515 BNBs have been transferred to Tornado Cash, and 203 ETHs have been transferred to Fixed Float. In addition, jaredfromsubway-eth received at least $1.4 million in revenue from sandwich attacks involving PEPE.
Security team: Nearly 41 hacker attacks stole $93.4 million in April
I. Introduction
A. Background Information
B. Scope of the Article
II. Details of the Hacker Attacks
A. Type of Attacks
B. Amount Stolen
III. Tornado Cash and Fixed Float
A. Transaction Details
B. Security Features
IV. Jaredfromsubway-eth
A. Sandwich Attacks Involving PEPE
B. Revenue Generated
V. Preventing Hacker Attacks
A. Solutions
B. Best Practices
VI. Conclusion
Table 2: Article
# Hacker Attacks Steal $93.4 Million in April 2023: Details of the Attack and Transactions on Tornado Cash and Fixed Float
The world of cryptocurrencies is prone to cyberattacks, and in April 2023, cryptocurrency exchange sites were targeted by hackers once again. According to PeckShield monitoring reports, at least 41 hacker attacks resulted in a loss of $93.4 million worth of cryptocurrency. Here, we look into the specifics of the recent attack and investigate the transactions reported on Tornado Cash and Fixed Float.
Details of the Hacker Attacks
The hacker attacks were carried out in various ways, including phishing attacks, exploiting system vulnerabilities, and leveraging cloud services. The attack resulted in a loss of $93.4 million, with cryptocurrency exchanges being targeted the most frequently. Reports suggest that cryptocurrency exchanges are prime targets due to the substantial volume of virtual assets they hold.
Tornado Cash and Fixed Float
Tornado Cash and Fixed Float are two services used for anonymous transactions in the cryptocurrency space. Transactions that use these services become untraceable, which makes it difficult for investigators to track illegal transactions.
As of April 30th, 1245 ETHs and 2515 BNBs have been transferred to Tornado Cash, and 203 ETHs have been transferred to Fixed Float. What is not clear is whether these transactions are related to the recent hacker attacks or not. Regardless of whether these transactions are connected to the attacks or not, it is crucial to be aware of the existence and use of these platforms.
Jaredfromsubway-eth
During the attacks, jaredfromsubway-eth received at least $1.4 million in revenue from what are known as sandwich attacks involving PEPE. Sandwich attacks involve a series of transactions around a user’s trade to manipulate the market’s price. The PEPE token is a meme-based cryptocurrency, and its involvement in the attacks is an indication that hackers are not only targeting high-value tokens but also smaller cryptocurrencies.
Preventing Hacker Attacks
It is concerning that these attacks are becoming increasingly prevalent, and it is clear that preventative measures must be taken. Security experts suggest implementing additional layers of security, including multifactor authentication, intrusion monitoring, data backup, and regular security audits. Best practices also include updating software, maintaining an up-to-date antivirus program, and keeping personal information, such as passwords and access keys, secure.
Conclusion
As the popularity of cryptocurrencies continues to rise, so does the danger of cybercrime. The recent hacker attacks have resulted in considerable financial losses; however, understanding the transactions on Tornado Cash and Fixed Float, the revenue generated by jaredfromsubway-eth in sandwich attacks, and implementing preventative measures can reduce the risk of further attacks.
FAQs
1. What are Tornado Cash and Fixed Float, and how do they work?
Tornado Cash and Fixed Float are platforms that enable anonymous transactions in the cryptocurrency space. When a transaction is made using these services, it becomes untraceable, making it difficult for investigators to track down illegal transactions.
2. What is a sandwich attack, and how does it relate to the recent hacker attacks?
A sandwich attack is a series of transactions around a user’s trade aimed at manipulating the market price. In the recent hacker attacks, jaredfromsubway-eth generated at least $1.4 million in revenue from sandwich attacks involving the PEPE token.
3. What can individuals do to prevent hacker attacks?
Individuals can implement additional layers of security, including multifactor authentication, intrusion monitoring, data backup, and regular security audits. Best practices include keeping software up to date, using antivirus programs, and keeping personal information, such as passwords and access keys, secure.
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