Ethereum News Daily Official TheBitTimes.com

Crypto platform Telcoin has seemingly experienced a significant security breach, resulting in the apparent theft of millions of TEL tokens. Although the nature of the exploit remains unclear, hackers have managed to withdraw millions of TEL tokens, nosediving the token’s price by 40% to $0.0013, according to CoinGecko data. In an X post on Dec. 26, Telcoin confirmed issues with its Telcoin App, without elaborating on the matter. We are aware of the situation with the Telcoin App. We have temporarily frozen use of the app while we look into the issue, and will provide an update as soon as we can. — Telcoin (@telcoin) December 25, 2023 In response to the incident, the company has temporarily suspended the app’s usage to conduct a thorough investigation. The project’s team reassured users that they are working on resolving the issue, promising to provide updates as soon as possible. You might also like: Major crypto hacks of 2023: how industry lost ov...

Ledger announced that it had completely removed the exploit and replaced the hacked library. Ledger team noted that it had successfully replaced the hacked library with a fixed one. The malicious code has allegedly been deactivated, and the Ledger Connect Kit is now safe to use. UPDATE: The genuine Ledger Connect Kit 1.1.8 is now fully propagated. Ledger and WalletConnect can confirm that the malicious code was deactivated. You are now safe to use your Ledger Connect Kit. Reminder that that we always encourage clear signing. — Ledger (@Ledger) December 14, 2023 However, Ledger users doubted the words of the project team about the complete security of wallets. One of the subscribers drew attention to the fact that malicious code could remain in the cache. The company recommended waiting a while and clearing the cache in the browser. Careful love, this message is likely for developers but retail users will think you're saying it's safe to use their Ledger right now...

Stars Arena was hacked for roughly $3 million worth of AVAX tokens, with the hacker reportedly sending the funds to the Fixed Float crypto exchange. Avalanche-based Web3 social media app Stars Arena announced that it has secured the funding to cover the $3 million hole left by an exploit on Oct. 6. The team also added that it will re-open the smart contract once a full security audit has occurred. In an announcement on X, the Stars Arena team noted: “We have secured the resources to close the gap caused by the exploit. Additionally, a special white hat development team is coming in to rapidly review the security of the platform.” Important news: we have secured the resources to close the gap caused by the exploit. Additionally, a special white hat development team is coming in to rapidly review the security of the platform. We will re-open the contract with all the funds in full after a full security… — Stars Arena (@starsarenacom) October 7, 2023 Stars Arena initially confirm...

StarsArena announced that attackers were draining funds through a loophole, but the contract has been patched to prevent further damage. The StarsArena Web3 app on Avalanche has lost some of its funds due to a malicious attack, according to social media reports on October 5.  StarsArena user Lilitch.eth discovered the exploit and announced it on X, formerly known as Twitter. Lilitch.eth claimed over $1 million was lost in the attack. The StarsArena team confirmed the attack, calling it a “war” against the app. They said the attack only resulted in approximately $2,000 in losses and the exploit has now been patched. THE EXPLOIT HAS BEEN FIXED. BUT DON’T GET THIS WRONG WE ARE AT WAR. We’re being targeted by malicious actors in the space that want to steal your money. The little guy is under attack. You are under attack. Your right to platform diversity is under attack. Don’t get it… pic.twitter.com/DmbMdf9cAq — Stars Arena (@starsarenacom) October 5, 2023 StarsArena is a Web3 s...

BitKeep Wallet will now be known as Bitget Wallet following a $30 million investment from the namesake crypto derivatives exchange last week. On March 29, multichain wallet BitKeep announced that it had fully compensated users affected by the 7.2.9. Android Package Kit (APK) exploit that took place on Dec. 26, 2022. On the day of the incident, the 7.2.9. APK update for BitKeep was maliciously swapped by hackers, resulting in an estimated $8 million loss of funds from users who downloaded the malware. According to BitKeep, 11,090 wallets affected by the incident have been fully reimbursed as of March 29. In addition, BitKeep says its customer service channels remain open to processing several “irregular” claims and appeals. At the same time, BitKeep will re brand to Bitget Wallet following a $30 million investment last week at a $300 million valuation from the namesake cryptocurrency derivatives exchange. As part of the integration, BitKeep will have access to Bitget’s $300 million B...