While the attention of security services and the media is focused on saving Binance, a chain reaction has engulfed the crypto market. Cybercriminals are taking advantage of network congestion, chaos, and distracted attention to loot other platforms.
Parallel attacks on the industry:
Attack on Polymarket: The largest prediction platform was hit by a breach of a third-party data provider. Hackers siphoned at least $2.7 million directly from users’ wallets on the international version of the platform on the Polygon network.
Hit on institutional players: Major Asian firms reported security issues. The Japanese currency platform GMO Internet Group was affected, along with South Korean financial giants Mirae Asset Global Investments and Daishin Securities.
Vulnerabilities in third-party services (BTCPay Server): Right now, amid the panic, hackers are also attacking individual applications. For example, a dangerous vulnerability was discovered in BTCPay Server software, which stores use to accept payments. Hackers are stealing credential files (.macaroon) used to manage Lightning Network nodes and draining coins (both Bitcoin and Litecoin) from merchants’ hot wallets.
Again, this is a bug in the code of a specific payment program, not in the Bitcoin blockchain itself.
A trap for the unwary: An unprecedented phishing campaign has unfolded online. Posing as “official compensation from Binance,” scammers are mass-distributing links to fake smart contracts. One click and a transaction signature are all it takes to completely drain the wallets of unsuspecting users.
Important: Hackers have begun using AI on a massive scale to find vulnerabilities in code instantly, causing attack rates to hit record highs. Now is the best time to double-check your cold wallets, revoke any suspicious approvals, and under no circumstances trade based on EMOTIONS.
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