Millions Lost Within Minutes

The attacker deployed a smart contract from address 0xb32a53… at 07:31 UTC and launched the exploit two minutes later from contract 0x631adf…, draining funds from wallet 0xb5252f… The stolen tokens were quickly converted into USDT, totaling $2,152,219.99.

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Cyvers classified the exploit as “critical,” citing abnormal transaction patterns and suspicious contract code. As of publication, the attacker’s wallet remains active and has not moved the stolen assets. No official statement has been issued by the Mobius Token team.

Cyvers noted their system had flagged the malicious contract two minutes prior to the exploit, but it was too late to prevent the loss.

Crypto Exploits Surge in 2025

This incident follows a wave of crypto hacks reported in April 2025, when PeckShield identified over $360 million in digital asset losses from 18 attacks — a 990% increase from March. The largest was a $330 million BTC theft via social engineering.

As the crypto space grows, so do the threats. This attack highlights the importance of not only decentralization but robust smart contract security in protecting investors and protocols alike.

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The post Mobius Token Smart Contracts Exploited on BNB Chain appeared first on Coin Engineer.

All Funds Returned Within 4 Days

The exploit, reported on April 15, forced KiloEx to suspend platform operations. On April 18, PeckShieldAlert confirmed that approximately $5.5 million in crypto had been returned. KiloEx later confirmed full recovery of all assets.

White Hat Agreement Honored

KiloEx had offered the exploiter 10% of the stolen funds as a bounty if they returned the remaining 90%. The attacker complied, and as promised, the platform said:

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“All affected funds have been fully restored, and we will honor our agreement with a 10% white hat bounty.”

KiloEx also said it will not pursue legal action, as the issue has been resolved transparently and without victims.

Oracle Vulnerability Suspected

According to PeckShield, the root cause of the exploit may have been a price oracle issue — a manipulated or inaccurate data feed used by smart contracts to determine asset prices.

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The post KiloEx Hacker Returns Entire $7.5M After Bounty Offer appeared first on Coin Engineer.

Crypto Attacks in Q1 2025: Bybit Breach in the Spotlight

Blockchain security firm PeckShield reported that over $1.63 billion in cryptocurrency was stolen in the first quarter of 2025, with the majority of the losses attributed to the Bybit breach. In January, $87 million worth of cryptocurrency was lost, while attacks surged in February, reaching $1.53 billion. This significant increase was largely tied to the Bybit attack, which became one of the largest crypto thefts to date.

In addition to the Bybit breach, other attacks in February also contributed to the losses, including a $50 million attack on the Infini protocol, a $9.5 million hack on zkLend, and $8.5 million in losses from Ionic.

Hack incidents decreased significantly in March, with a 97% drop in losses. PeckShield reported that only $33 million worth of crypto assets were stolen in March, and some funds were recovered, partially offsetting the damage to users and protocols.

Over 60 Crypto Attacks in Q1

According to PeckShield, over 60 crypto attacks occurred in the first quarter of 2025, resulting in $1.63 billion in losses, a 131% increase compared to the same period in 2024. The largest attack in March was a $13 million exploit targeting the Abracadabra.Money DeFi protocol. Additionally, an $8.4 million attack on the Zoth RWA restaking protocol gained attention.

In March, total losses decreased by 97% to $33 million, with some assets being returned. For example, 90% of the $5 million stolen from the 1inch exchange was returned by the hacker.

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The post Crypto Attacks Exceed $1.6 Billion in Q1 2025 appeared first on Coin Engineer.

Security research firm PeckShield reported that XT Exchange was hit by a serious cyber attack, and the attackers converted the stolen funds into Ethereum. According to PeckShield’s on-chain data, the stolen assets were quickly converted into ETH to make tracking more difficult. This incident has sparked a new debate in the crypto world about the security standards of centralized exchanges.

Official Statement from XT Exchange

In its official announcement, XT Exchange stated that the withdrawals were temporarily suspended to ensure the platform’s security. The company mentioned that an expert team was formed to handle the situation, and necessary security protocols have been implemented. However, no detailed explanation was given regarding the extent of the attack or the status of users’ funds.

How XT Exchange will compensate user assets and improve security measures will be critical in determining the platform’s future reputation. Meanwhile, calls for stricter security standards in the crypto ecosystem are increasing.

Such events serve as a reminder of how crucial security is in the crypto world and show that there may be significant shifts in the preferences between centralized and decentralized platforms.

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The post Withdrawals Suspended on XT Exchange! appeared first on Coin Engineer.

Cybercriminals often send money to a mixer in order to complicate law enforcement’s tracking and recovery of pilfers of cryptocurrency. Targeting its multi-signature wallet, cryptocurrency exchange WazirX revealed a significant cyberattack causing a loss of more than $230 million on July 18, 2024. According to the exchange, this episode has affected WazirX’s capacity to keep balanced collaterals against its assets.

While the team concentrates on partial recovery and losses expected to be distributed among users, withdrawals remain frozen and trading has been stopped since July 21. Reports state that the restructuring initiatives might cause users of the platform not to get the whole value of their cryptocurrencies kept on it during the attack.

The North Korean Lazarus Group, a well-known state-sponsored hacking group infamous for launching high-profile breaches, including a $600 million hack on the Ronin sidechain in 2022, is thought to have launched this attack.

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The post WazirX Hack: $6.5M Laundered Through Tornado Cash appeared first on Coin Engineer.

The post zkLend: The Leading DeFi Platform on StarkNet appeared first on Coin Engineer.

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pic.twitter.com/vDdqPlGJvP

— PeckShieldAlert (@PeckShieldAlert) January 22, 2024

PeckShield posted the following on X (Twitter):

Concentric.fi has reported being attacked and abused.

The local token CONE fell by 51% after this announcement.

The amount of stolen assets is as follows:

• $1.72 million worth of cryptocurrencies
• The stolen $1.72 million worth of cryptocurrencies were converted to 716 Ethereum (ETH).

The post Arbitrum-based project has been attacked! appeared first on Coin Engineer.