Skip to content
May 19, 2025
  • Facebook
  • Instagram
  • Twitter
  • Youtube
DFRAC_ORG

DFRAC_ORG

Digital Forensics, Research and Analytics Center

Primary Menu
  • Home
  • Generative AI
  • Fact Check
    • Election
    • Health
    • Conflict Zone
  • Hate Monitor
  • Opinion
  • Hashtag Scanner
  • News
  • Podcasts
  • About
    • About Us
    • Contact us
    • Our Team
    • Non-Partisanship Policy
    • Privacy Policy
    • Resources
    • Collaborations
  • हिन्दी
  • English
  • اردو
Donate us
  • Featured
  • Online Fraud

Crypto finance company robbed of $55 million by hacker

DFRAC Editor November 9, 2021
crypto-finance-company-robbed-of-55-million-by-hacker-1

bZx is a decentralised finance platform that lets its users conduct trade of cryptocurrencies. On Friday, the company released a statement that a hacker had robbed the platform of $55 million dollars in crypto assets causing a huge loss to the platform. In a preliminary report released mere hours after the attack detailed how this scam was orchestrated.

“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,” said the company in their statement. The attachment mentioned above is thought to have run a script on the target’s computer effectively compromising their mnemonic wallet phrase.

The hacker first took the entire amount in the developer’s wallet and then took two keys that the platform used in integration with two major blockchains.

The hacker then proceeded to steal the funds of the two blockchains and funds from users as well.

The total amount lost has not been disclosed yet but a cybersecurity firm called SlowMist posits the amount to be close to $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

The company has directly reached out to the hacker in hopes that they would return the funds by putting out the following statement.

Statement released by the company

Share this…


  • Facebook



  • Twitter


  • Pinterest


  • Whatsapp

Continue Reading

Previous: Fact-Check: Rock associated with Sita in Ashok Vatika brought to Ayodhya?
Next: Pegasus spyware detected on phones of several Palestianian activists

Related Stories

untitled image
  • Fact Check
  • Featured
  • Misleading-en

Fact Check: Viral Photos Claiming to Show U.S. Officials at Pakistan’s Kirana Hills Are Misleading

Aayushi Rana May 18, 2025
tele4
  • Fact Check
  • Fake
  • Featured
  • Generative AI

Viral ‘Daily Telegraph’ Clipping Praising Pakistan Air Force is AI-Generated

Dilshad Noor May 17, 2025
Rajnath fake letter
  • Fact Check
  • Featured
  • Misleading-en

Fake letter of Rajnath Singh instructing army to hide losses shared on social media

Nisar Ahmed Siddiqui May 16, 2025

fact check

Fact Check: Viral Photos Claiming to Show U.S. Officials at Pakistan’s Kirana Hills Are Misleading untitled image

Fact Check: Viral Photos Claiming to Show U.S. Officials at Pakistan’s Kirana Hills Are Misleading

May 18, 2025
Viral ‘Daily Telegraph’ Clipping Praising Pakistan Air Force is AI-Generated tele4

Viral ‘Daily Telegraph’ Clipping Praising Pakistan Air Force is AI-Generated

May 17, 2025
Fake letter of Rajnath Singh instructing army to hide losses shared on social media Rajnath fake letter

Fake letter of Rajnath Singh instructing army to hide losses shared on social media

May 16, 2025
False claim of Turkey and Azerbaijan citizens boycott of Indian tourists and products shared False claim of Turkish and Azerbaijani citizens boycott of Indian tourists and products shared

False claim of Turkey and Azerbaijan citizens boycott of Indian tourists and products shared

May 16, 2025
Fact Check: Pakistani users spread a deepfake video of Colonel Sofia Qureshi with fake claim Fact Check: Pakistani users spread a deepfake video of Colonel Sofia Qureshi with fake claim

Fact Check: Pakistani users spread a deepfake video of Colonel Sofia Qureshi with fake claim

May 15, 2025
Fake News of Nuclear Warhead explosion and radiation leak at Beas BrahMos Depot shared Fake nuclear leak

Fake News of Nuclear Warhead explosion and radiation leak at Beas BrahMos Depot shared

May 15, 2025

Connect with Us

  • Facebook
  • Instagram
  • Twitter
  • Youtube

IFCN certified

Newsletter

  • About Us
  • Contact us
  • Terms and Conditions
  • Privacy Policy
  • Non-Partisanship Policy
  • Facebook
  • Instagram
  • Twitter
  • Youtube
Copyright © 2025 | All Rights Reserved | Developed by OppsWeb Solutions | MoreNews by AF themes.