• Home
  • Cyber Crime
  • Cyber warfare
  • APT
  • Data Breach
  • Deep Web
  • Digital ID
  • Hacking
  • Hacktivism
  • Intelligence
  • Internet of Things
  • Laws and regulations
  • Malware
  • Mobile
  • Reports
  • Security
  • Social Networks
  • Terrorism
  • ICS-SCADA
  • POLICIES
  • Contact me
MUST READ

Taking over millions of developers exploiting an Open VSX Registry flaw

 | 

OneClik APT campaign targets energy sector with stealthy backdoors

 | 

APT42 impersonates cyber professionals to phish Israeli academics and journalists

 | 

Kai West, aka IntelBroker, indicted for cyberattacks causing $25M in damages

 | 

Cisco fixed critical ISE flaws allowing Root-level remote code execution

 | 

U.S. CISA adds AMI MegaRAC SPx, D-Link DIR-859 routers, and Fortinet FortiOS flaws to its Known Exploited Vulnerabilities catalog

 | 

CitrixBleed 2: The nightmare that echoes the 'CitrixBleed' flaw in Citrix NetScaler devices

 | 

Hackers deploy fake SonicWall VPN App to steal corporate credentials

 | 

Mainline Health Systems data breach impacted over 100,000 individuals

 | 

Disrupting the operations of cryptocurrency mining botnets

 | 

Prometei botnet activity has surged since March 2025

 | 

The U.S. House banned WhatsApp on government devices due to security concerns

 | 

Russia-linked APT28 use Signal chats to target Ukraine official with malware

 | 

China-linked APT Salt Typhoon targets Canadian Telecom companies

 | 

U.S. warns of incoming cyber threats following Iran airstrikes

 | 

McLaren Health Care data breach impacted over 743,000 people

 | 

American steel giant Nucor confirms data breach in May attack

 | 

The financial impact of Marks & Spencer and Co-op cyberattacks could reach £440M

 | 

Iran-Linked Threat Actors Cyber Fattah Leak Visitors and Athletes' Data from Saudi Games

 | 

SECURITY AFFAIRS MALWARE NEWSLETTER ROUND 50

 | 
  • Home
  • Cyber Crime
  • Cyber warfare
  • APT
  • Data Breach
  • Deep Web
  • Digital ID
  • Hacking
  • Hacktivism
  • Intelligence
  • Internet of Things
  • Laws and regulations
  • Malware
  • Mobile
  • Reports
  • Security
  • Social Networks
  • Terrorism
  • ICS-SCADA
  • POLICIES
  • Contact me
  • Home
  • Breaking News
  • Cyber Crime
  • Digital ID
  • Hacking
  • Threat actors stole $55 million worth of cryptocurrency from bZx DeFi platform

Threat actors stole $55 million worth of cryptocurrency from bZx DeFi platform

Pierluigi Paganini November 06, 2021

DeFi platforms are a privileged target for crooks, threat actors have stolen $55 million from bZx DeFi platform.

Threat actors have stolen $55 million worth of cryptocurrency from the bZx decentralized finance (DeFi) platform. The decentralized finance (DeFi) platforms allow users to borrow/loan and speculate on cryptocurrency price variations.

Attackers obtained two private keys for the DeFi platform through spear-phishing attacks, the attack was similar to the one that affected recently another user named “mgnr.io”. The company pointed out that the incident was not a protocol hack.

“A bZx developer had his personal wallet’s private keys taken in a phishing attack.” reads a Preliminary Post Mortem analysis published by the company. “A bZx developer was sent a phishing email to his personal computer with a malicious macro in a Word document that was disguised as a legitimate email attachment,” “This attack granted the hacker access to the content of the bZx Developers wallet, and also the private keys to the BSC and Polygon deployment of bZx Protocol. After gaining control of BSC and Polygon the hacker drained the BSC and Polygon protocol, then upgraded the contract to allow draining of all tokens that the contracts had given unlimited approval.”

The phishing message used a weaponized Word document that once opened ran a script on the developer’s computer allowed the attackers to access the employee’s mnemonic wallet phrase.

The attackers stole funds in the developer’s personal wallet along with the two private keys that were being used by the bZx platform for its integration with the Polygon and Binance Smart Chain (BSC) blockchains.

The threat actors used the keys to steal the platform’s Polygon and BSC funds, they were also able to steal funds from a small number of users who approved unlimited spend operations.

bZx has yet to confirm the exact amount of stolen funds, experts at blockchain security firm SlowMist speculate threat actors have stolen more than $55 million.

#bZx private key compromised, over $55 million dollars stolen so far. We’ll continue to update as more information is discovered. @RektHQ @ChainNewscom @bZxHQ https://t.co/SM6WWDt06J pic.twitter.com/39S05IiBFr

— SlowMist (@SlowMist_Team) November 5, 2021

In response to the incident the platform has taken the following actions:

  • Contacted Banteg and Mudit Gupta to join us in the war room.
  • Contacted Tether and froze USDT from the hackers wallet. (see addresses below)
  • Contacted Binance and froze the BZRX that was stolen on BSC to prevent it from being transferred.
  • Contacted KuCoin and identified that one of the hackers wallets was used to transfer in and out of the exchange.
  • Disabled the UI on Polygon and BSC to prevent users from depositing.
  • Contacted USDC and requested to freeze USDC in the hackers wallet.
  • Contacted KuCoin to identify the hackers KuCoin account.
https://twitter.com/bZxHQ/status/1456716916454825984

bZx promised a bounty to the attackers in case they will return the stolen funds.

Recently, threat actors have stolen $130 million worth of cryptocurrency assets from another decentralized finance platform, the Cream Finance DeFI platform.

Follow me on Twitter: @securityaffairs and Facebook

[adrotate banner=”9″][adrotate banner=”12″]

Pierluigi Paganini

(SecurityAffairs – hacking, DeFi)

[adrotate banner=”5″]

[adrotate banner=”13″]


facebook linkedin twitter

Cybersecurity cybersecurity news DeFi Hacking hacking news information security news Pierluigi Paganini Security Affairs Security News

you might also like

Pierluigi Paganini June 27, 2025
Taking over millions of developers exploiting an Open VSX Registry flaw
Read more
Pierluigi Paganini June 27, 2025
OneClik APT campaign targets energy sector with stealthy backdoors
Read more

leave a comment

newsletter

Subscribe to my email list and stay
up-to-date!

    recent articles

    Taking over millions of developers exploiting an Open VSX Registry flaw

    Hacking / June 27, 2025

    OneClik APT campaign targets energy sector with stealthy backdoors

    Hacking / June 27, 2025

    APT42 impersonates cyber professionals to phish Israeli academics and journalists

    APT / June 27, 2025

    Kai West, aka IntelBroker, indicted for cyberattacks causing $25M in damages

    Cyber Crime / June 26, 2025

    Cisco fixed critical ISE flaws allowing Root-level remote code execution

    Security / June 26, 2025

    To contact me write an email to:

    Pierluigi Paganini :
    pierluigi.paganini@securityaffairs.co

    LEARN MORE

    QUICK LINKS

    • Home
    • Cyber Crime
    • Cyber warfare
    • APT
    • Data Breach
    • Deep Web
    • Digital ID
    • Hacking
    • Hacktivism
    • Intelligence
    • Internet of Things
    • Laws and regulations
    • Malware
    • Mobile
    • Reports
    • Security
    • Social Networks
    • Terrorism
    • ICS-SCADA
    • POLICIES
    • Contact me

    Copyright@securityaffairs 2024

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities...
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT