Cyber Crime

The popular cryptocurrency exchange EtherDelta suffered a DNS attack

The popular cryptocurrency exchange EtherDelta was hacked, attackers conducted a DNS attack that allowed to steal at least 308 ETH ($266,789) as well as a large number of tokens.

The spike in cryptocurrency values is attracting cybercriminals, the last victim is the popular cryptocurrency exchange EtherDelta that announced a potential attack against its DNS server.

As result of the attack, the exchange suspended its service, below the tweet sent by the company that confirms that its server was hacked by attackers.

The attackers spoofed EtherDelta’s domain to trick users into sending money.

“At least 308 ETH ($266,789) were stolen, as well as a large number of tokens potentially worth hundreds of thousands of dollars.reported Mashable.

EtherDelta posted another tweet to warn its users and explain that the impostor’s app had no chat button on the navigation bar, nor did it have an official Twitter feed on the bottom right. EtherDelta advised all users not to use the site.

On Dec. 22, the service was fully restored. The company clarified that users using the MetaMask or hardware wallet on EtherDelta were not affected by the attack, also users that had never imported their private key on the imposer’s phishing site are safe.

Recently another cryptocurrency exchange, the South Korean Youbit has gone bankrupt after suffering a major cyber attack for the second time this year.

Earlies December, the cryptocurrency mining market NiceHash confirmed it has fallen victim to a hacking attack that resulted in the loss of $60m worth of Bitcoin.

The EtherDelta hack is emblematic, even if EtherDelta is supposed to be decentralized the attack against its website caused serious problems to the company operations.

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Pierluigi Paganini

(Security Affairs – hacking, exchange EtherDelta)

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Pierluigi Paganini

Pierluigi Paganini is member of the ENISA (European Union Agency for Network and Information Security) Threat Landscape Stakeholder Group and Cyber G7 Group, he is also a Security Evangelist, Security Analyst and Freelance Writer. Editor-in-Chief at "Cyber Defense Magazine", Pierluigi is a cyber security expert with over 20 years experience in the field, he is Certified Ethical Hacker at EC Council in London. The passion for writing and a strong belief that security is founded on sharing and awareness led Pierluigi to find the security blog "Security Affairs" recently named a Top National Security Resource for US. Pierluigi is a member of the "The Hacker News" team and he is a writer for some major publications in the field such as Cyber War Zone, ICTTF, Infosec Island, Infosec Institute, The Hacker News Magazine and for many other Security magazines. Author of the Books "The Deep Dark Web" and “Digital Virtual Currency and Bitcoin”.

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