The attack caused the LVL token to drop substantially in price, plunging from around $9.00 to as low as $4.20 before recovering to around $7 — a loss of 22%.
Level Finance exploited for ~$1.1 million
Poloniex pays $7.6 million settlement for sanctions violations
Poloniex was a US-based crypto exchange founded in 2014, which in 2018 was purchased by Circle, who intended to get rid of the illegal activity for which it was known. However, when they discovered that the customers who used Poloniex no longer wanted to use it once they were subjected to scrutiny, they sold the platform to Justin Sun in late 2019, who relocated it to the Seychelles and shut down US operations. It appears that the OFAC fine will apply to the US entity most recently controlled by Circle, and not to Justin Sun's operation.
In August 2021, Poloniex also paid more than $10.3 million to settle allegations from the U.S. Securities and Exchange Commission that it had operated as an unlicensed exchange.
Individuals lose millions in "permit phishing" scams
On March 11, ScamSniffer tweeted that they had detected 162 instances of the scam, totaling almost $4 million stolen, over the prior two days. On March 24, an individual wallet lost $4 million. Similar attacks on April 19, April 21, and April 30 saw individual wallets lose $449,000, $1.04 million, and $2.28 million, respectively.
0VIX Protocol exploited for $2 million
The protocol was paused following the attack. 0VIX later tweeted that they had been collaborating with security firms to investigate the hack, and had offered to let the attacker keep $125,000 if they returned the remaining funds in a bug bounty agreement that would also involve 0VIX not pursuing legal action.
Hacker steals Bitcoins from Russia, destroys them or donates them to Ukraine
The thief's activity began shortly before the Russian invasion of Ukraine. After the invasion, the thief stopped destroying the Bitcoin and instead began transferring it to addresses identified for Ukrainian aid.
CFTC imposes record $3.4 billion fine on Bitcoin scammer
Steynberg has been ordered to pay a total of $3.4 billion — $1.7 billion in restitution and another $1.7 billion penalty. Steynberg was arrested in Brazil in December 2021 on an INTERPOL arrest warrant, where he has remained since pending extradition.
- "Federal Court Orders South African CEO to Pay Over $3.4 Billion for Forex Fraud", U.S. Commodity Futures Trading Commission
FBI raids home of FTX exec Ryan Salame
Salame was also a major donor to Republican candidates in the 2022 midterm elections, splashing out around $24 million in campaign contributions. However, court filings suggest that much of the money donated to political and other causes by FTX executives may truly have been misappropriated customer funds.
Salame is, at the moment at least, not facing charges in connection to the FTX collapse.
- "F.B.I. Searches Home of Top FTX Executive", The New York Times
Belgian crypto lender Bit4You suspends activities
"To date we have no indication that the virtual currencies held on behalf of our customers with CoinLoan will not be recovered," they wrote in their announcement. Reassuring!
AT&T customers suffer crypto wallet compromises reportedly totaling $15–$20 million
An anonymous source corresponding with TechCrunch claims that the total amount of cryptocurrency stolen is somewhere between $15 million and $20 million. The tipster also claimed that the hackers have the ability to gain access to any AT&T account via the AT&T employee portal; AT&T has denied this and instead claimed that "the bad actors used an API access."
"Rogue developers" make off with $1.82 million from Merlin
The Merlin DEX had been audited by the CertiK security firm, which stated it was working with the remaining team members to try to trace the thieves. Meanwhile, they wrote that they would be working to compensate affected users.
Some didn't seem to buy the story that the theft was carried out by a few rogue developers, accusing the entire Merlin project team of rug-pulling.