A security firm has warned that a group of hackers named CryptoCore has been raiding crypto exchanges – and may have amassed a USD 70 million crypto pot, leaving a USD 200 million trail of damage in its wake.
Per a report from Clear Sky Security, CryptoCore is thought to comprise individuals based primarily in Eastern Europe, with links to “Russia, Ukraine or Romania” noted. The group, says the security firm, appears to mainly target crypto exchanges, and has attempted to execute the majority of its attacks in Japan and the United States.
The report’s authors said that the hackers may be hanging on to USD 70 million worth of crypto holdings from their raids since they became active in 2018. The cumulative raids total, said the firm, is around UD 200 million.
They explained,
“The group is generally quick to register and employ new domains and links. […] In one case, a new domain was registered. We alerted the client, and within 30-40 minutes their systems identified an attack from that new domain.”
bestadmin
