Cryptocurrency

OpenSea NFT users report massive email phishing campaign, HTX Exchange Scammed For $13.6 Million

Here are some of the major crypto news over the recent few days.

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OpenSea users have reportedly been targeted with a widespread email phishing campaign, including a fake developer API risk alert and a fake NFT offer.

Users of the major non-fungible token(NFT) marketplace OpenSea have reported being targeted by a new email phishing assault and receiving emails with malicious links from attackers impersonating the marketplace.

According to reports, floating on social media, multiple email phishing efforts have targeted OpenSea users and developers, including a bogus developer account risk notice and a bogus NFT offer.

On November 13, an OpenSea developer reported getting a phishing attempt at an email only dedicated to their OpenSea Application Programming Interface (API) key on X (previously Twitter). "In other words, dev contacts have been ex filtrated from OpenSea and are the real target in this campaign," the title of the post said.

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The social media claim followed OpenSea's insistence that the platform had not been hacked and urged users not to click on links they did not trust.

Kraken co-founder hails ‘more fair’ playing field as DOJ fines Binance

Jesse Powell sees CZ’s and Binance’s legal proceedings as a positive change, as “going after the most egregious offenders offshore would require effort.”

In an X (previously Twitter) post, Kraken co-founder Jesse Powell applauded the Binance investigation's findings and emphasized the importance of long-term visionaries and shareholders.

Over the last year, leaders of prominent cryptocurrency exchanges such as FTX and Binance have faced federal inquiry from US government agencies for claims ranging from misuse of investor funds to circumvention of Anti-Money Laundering (AML) legislation.

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Powell claims that the probes provide much-needed answers to the question, "How are they going so fast?" How are they able to get away with it?

Powell views Binance and former CEO Changpeng "CZ" Zhao's legal procedures as a welcome step, noting that "going after the most egregious offenders offshore would require effort." He claimed that US-based crypto companies like "Kraken, Coinbase, and Ripple are all easy targets, sitting right in their back yard."

HTX exchange loses $13.6 million in hot wallet hack: Report

The incident affected the greater HTX, Tron and BitTorrent ecosystem.

On Nov. 22, HTX, formerly Huobi Global, incurred an estimated $13.6 million loss as part of a $86.6 million attack against the HECO Chain bridge.

According to a report by blockchain security firm Cyvers, the losses are the result of three compromised hot wallets, in which users and exchange assets were exchanged for Ether and then disseminated to other Ethereum addresses. Cyvers stated that the attack drained 1,240 ETH, 7.3 million USDT, 1.78 million USD Coin, and 62,200 LIN, among other coins and tokens.

"HTX Will Fully Compensate for HTX's Hot Wallet Losses," Justin Sun, de-facto owner of HTX and founder of Tron and BitTorrent — both connected companies — claimed shortly after the exploit, "HTX Will Fully Compensate for HTX's Hot Wallet Losses." Deposits and withdrawals are temporarily halted. "All funds in HTX are safe, and the community can relax."

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Earlier in the day, the HECO Chain bridge, a cross-chain bridge built in 2020 as a result of the merger of the Tron and BitTorrent ecosystems, was drained of $86.6 million due to an allegedly compromised blockchain operator.

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