IT hackers infiltrate crypto projects, steal $1 million

Hackers who act as legitimate information technology staff (IT) who infiltrated Web3 projects have stolen about $ 1 million according to the last week, according to the onchain and cyber security analysts ZackXBT.

Several entities, including Favrr, Web3 Fan-Token Marketplace, Inadvertent Projects token (NFT) Replicandy and Chainsaw, along with other teams that Onchain Sleuth was named on Friday post.

The hackers used the NFT Raming Mechanism, minted the mass of NFT, sold them and caused the price floor to drop to zero while they extracted profits, ZackXBt said.

After exploitation, the actors transferred the stolen funds through exchanges and more wallets. Funds from the hack chain saw “usually remain sleeping”, while the stolen crypto of Favrr was converted to nested services, said detective onchain.

Infiltration of projects of crypto and blockchain Developers of harmful software continue to be a problem in the field and cause users to financial losses and undermine the efforts of teams for software development around the world.

Related: Zacxbt Slams Bitcoin Bridge Garden Finance for Washing Hacked Funds

Companies around the world face security threats from within

In November 2024, scientists in the field of cyber security identified a team of hackers with ties to the North Korean government known as “Ruby Sleet” Infiltrating aviation and defense suppliers in the USA.

Scientists have also found that hackers associated with this syndicate in the field of computer crime have also begun to focus on information technology companies, infiltrate organizations, set up false recruitment initiatives, and focus on these social engineering companies.

https://www.youtube.com/watch?v=kynq5yofkwo

Crypto Exchange Coinbase said Data leak victim and subsequent attempt to blackmail in May 2025.

The actors of external threats have brought several suppliers of Coinbase customer services to steal data on the clients’ lines and give them to be used as a leverage in an effort to extract the ransom from the stock exchange.

It is estimated that 69,461 Coinbase users were influenced by data violationsAnd he had personal data such as addresses, phone numbers and other identifiers, according to Latham and Watkins.

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