IRA Financial Trust Hack Reportedly Sees USD 36M in Crypto Stolen From Users
US-based IRA Financial Trust, a regulated financial institution that offers self-directed retirement accounts, has been hit with a hack that resulted in the loss of USD 36m in crypto, Bloomberg reported, citing a person familiar with the investigation.
IRAfi Crypto™ APP WEBINAR
IRAFI Crypto is finally here! Learn all about IRA Financial Group’s new Crypto app with founder Adam Bergman and IRA Financial Technologies CEO Ken Gendrich.
For more information click here: https://www.irafinancialgroup.com/irafi-crypto/
—
About IRA Financial:
IRA Financial was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.
—
Legal Disclaimer:
IRA Financial Trust Inc. and IRA Financial Group, LLC (“IRA Financial”) are not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere. IRA Financial is not affiliated with & does not endorse any particular cryptocurrency, precious metal, or investment strategy. IRA Financial is solely a technology platform providing access to cryptocurrency investments via Bitstamp cryptocurrency exchange.
Cryptocurrencies are a speculative investment with risk of loss. Staking involves considerable risk. Cryptocurrency is not legal tender backed by the United States government, nor is it subject to Federal Deposit Insurance Corporation (“FDIC”) insurance or protections. Users do not receive a choice of custody partner. The self-directed purchase and sale of cryptocurrency through a cryptocurrency IRA have not been endorsed by the IRS or any regulatory agency. Historical performance is no guarantee of future results.
IRA Financial makes no guarantee or representation regarding investors’ ability to profit from any transaction or the tax implications of any transaction. IRA Financial does not provide legal, investment or tax advice. Consult a qualified legal, investment, or tax professional.
Information contained on this website is for information purposes only. It is not tailored to any specific user. It does not constitute investment advice in any way, nor does it constitute an offer to sell or a solicitation of an offer to buy or sell any cryptocurrency or security or to participate in any investment strategy. IRA Financial. makes no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations (expressed or implied) or omissions from the information contained herein. IRA Financial disclaims any and all liability to any party for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising directly or indirectly from any use of this information, which is provided as is, without warranties.
Nomad Bridge HACKED: How Did This Happen?!
Get The Hottest Crypto Deals https://www.coinbureau.com/deals
Insider Info in Guy’s Socials https://guy.coinbureau.com/socials/
Guy’s Merch Store https://store.coinbureau.com
TOP Crypto TIPS In Guy’s Newsletter https://guy.coinbureau.com/signup/
~~
Links:
Impossible to hack: https://twitter.com/nomadxyz_/status/1486804062431547395
Tweet thread by Nomad’s security researcher:
https://twitter.com/samczsun/status/1554252024723546112
Nomad Announces Strategic Investment:
https://www.bloomberg.com/press-releases/2022-07-28/nomad-announces-strategic-investment-from-coinbase-ventures-opensea-crypto-com-capital-polygon-as-part-of-seed-funding-l656rq6s
~~
Disclaimer
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#crypto #cryptocurrency #coinbureau #hack
How Hackers Steal Your Crypto Without You Knowing… And How to Prevent it. – George Levy
One of the threats of owning and managing cryptocurrency is having a hacker steal your crypto. There are many ways that hackers can get a hold of your coins, and unfortunately, sometimes you won’t even know you’ve been hacked until it’s too late.
In this video I talk about how hackers can steal your Bitcoin and cryptocurrency without you even knowing, and steps you can take to prevent that from happening.
Best Way to Protect Your Crypto? Get One of the Following Secure Hardware Wallets:
Ledger
https://georgelevy.com/ledgerwallet
Trezor
https://georgelevy.com/trezorwallet
BTW, the Bitcoin paperwallet address I shared in the video is a “throwaway” address and I do not check it (it’s why I shared both public and private keys for your benefit)
If you DID want to send me some Bitcoin, you can do so securely to the following BTC address:
188MGexQ1BZFg8DgSndXTG1Pa2NXNMH6Rb
I’m not sharing any of my REAL private keys! 🙂
I disabled comments on this video as it became a magnet for HACKERS trying to trick people into believing that you can retrieve stolen bitcoins.
If you have had any cryptocurrency stolen, your only option is to contact the authorities and see what steps they recommend. There are no “helpful hackers” that will be able to retrieve your crypto… they’ll just steal more of your coins.
✨Relevant Hashtags:
#cryptocurrency #blockchain #blockchaintechnology #cybersecurity
Over USD 600M Stolen in Blockchain Bridge Hack as Axie Infinity’s Ronin
The first quarter of 2022 is about to end with one of the largest crypto thefts, as the gaming-focused Ronin bridge, which connects blockchains, has been exploited to the tune of more than USD 600m. The Ronin Network confirmed that the bridge has been exploited for ETH 173,600 and USDC 25.5, which is now worth around USD 617m. However, per blockchain analysis firm Elliptic, the total value of the stolen cryptoassets at the time of the theft was USD 540m, which makes it the second-largest crypto theft. Both the bridge and the Katana decentralized exchange have been halted, they added. The team behind the network claims that today, they discovered that Sky Mavis’s Ronin validator nodes and Axie DAO validator nodes were compromised on March 23. Sky Mavis is the developer of Axie Infinity, the popular blockchain-powered play-to-earn game. The firm also developed Ronin, an Ethereum-linked sidechain made specifically for Axie Infinity.”The attacker used hacked private keys in order to forge fake withdrawals. We discovered the attack this morning after a report from a user being unable to withdraw 5k ETH from the bridge,” they said. The team said they are working with law enforcement officials, forensic cryptographers, “and our investors to make sure all funds are recovered or reimbursed.””All of the AXS, RON, and SLP on Ronin are safe right now,” they added. According to them, their users are now unable to withdraw or deposit funds to Ronin Network.”Sky Mavis is committed to ensuring that all of the drained funds are recovered or reimbursed,” the team added. At 18:44 UTC, AXS trades at USD 65 and is down almost 9% in a day, SLP dropped 11% to USD 0.02, while RON crashed 20%, reaching USD 1.84. Elliptic said that its internal analysis indicates that the exploiter has already begun laundering their proceeds, with funds originating from the attack already reaching at least “three prominent crypto exchanges.” The exploiter is using both centralized and decentralized exchanges, they added.”At the time of writing, around USD 16 million in ETH has been laundered in this manner, leaving USD 524 million in various Ethereum accounts which appear to belong to the attacker,” the firm said._______Learn more: – Crypto Security in 2022: Prepare for More DeFi Hacks, Exchange Outages, and Noob Mistakes – Digital Collectibles Marketplace VeVe Loses ‘Large Amount of Gems’ in an Exploit- ApeCoin Smart Contract Exploited, ‘Well-Prepared Claimer’ Walks Away With USD 380K- DeFiance Founder’s USD 1.76M Loss is a Lesson For NFT Investors- Poly Network Hacker Keeps Sending Funds Back, Returns USD 342M- BlockFi, Swan Bitcoin, Pantera Advise Users How to Stay Safe After Data Got Hacked in Hubspot CRM Raid- IRA Financial Trust Hack Reportedly Sees USD 36M in Crypto Stolen From Users- The 4th Largest Crypto Theft Shows DeFi Weakness as Hacker Nets USD 325M in a Wormhole- What Did We Learn from the MonoX Hack?___(Updated at 19:18 with additional details and comments.)
All data is taken from the source: http://cryptonews.com
Article Link: https://cryptonews.com/news/over-usd-600m-stolen-blockchain-bridge-hack-as-ronin-network-exploited.htm
#usd #2000dollarcoin #bitcoinprice #grayscalebitcointrust #preciobitcoin #bitcoinatmlocations #