Ethereum, Solana, Bitcoin: Kidnappings on the rise, $300 million hack


© Reuters

Investing.com – The , the and the are jointly moving lower this Thursday, February 3, 2022. BTC/USD lost 3.65% to $37,053, while Ether lost 3.42% to $2,668 and SOL /USD even fell 9.71% to $98.69.

Bitcoin: kidnapping cases are on the rise

In recent times, reports of kidnappings of people in possession of bitcoins have increased. The kidnappers then demand the transfer of the BTC assets to one of their wallets.

In the most recent case in India, it is even likely that a police officer specializing in cybercrime was involved.

In the course of his professional work, he was informed that Vijay Naik, a cryptocurrency administrator, was in possession of digital currencies worth $40 million. With a few accomplices, a plan was hatched to get their hands on this fortune. The kidnapping did take place, but the plan ultimately fell through.

“We arrested eight people, including a policeman who had planned the kidnapping,” a senior official confirmed to Agence France-Presse (AFP).

Ethereum: MetaMask merges with MyCrypto

ConsenSys acquires MyCrypto to further strengthen the security of the popular Ethereum wallet MetaMask. In a blog post, it read as follows:

“This strengthens the security of all products and we are creating a unified user experience for desktop, mobile, extension and browser wallets.”

MetaMask’s more than 21 million monthly users should be happy to hear that this acquisition will benefit both functionality and ease of use.

Solana: a hacker cracks a DeFi project – 300 million dollars missing

The Solana-based DeFi Wormhole project. The platform, designed as an interface between different blockchains, suffered damage of around $300 million.

The developers offered the hacker $10 million if he returned his loot.

The theft was made possible by a bug. This made it possible to create WETH on the Solana site and send them to Ethereum. The problem wasn’t Wormhole itself, however, as one blockchain expert explained on Twitter (NYSE:):

“@wormholecrypto’s criticism of the security model is irrelevant. This is a smart contracts bug that can occur in any project, whether it’s a multisig bridge or a ‘a rollup deck. As often, we need better reviews :)”

By Marco Oehrl

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