According to OnChain investigator and cybersecurity analyst Zackxbt, hackers who penetrated legal information technology (IT) workers who infiltrated the Web3 project have stolen about $1 million in cryptocurrency over the past week.
Several entities were affected, including Favrr, including the market for Web3 fan tokens, Toothless Token (NFT) project replicas and chainsaws, and other teams, Onchain Slecuth was not named in his Friday X postal.
Zackxbt said the hackers took advantage of the casting mechanism of the NFT project, casting mass quantities of NFTs, selling them, and dropping the price to zero while also dropping to zero.
After exploitation, threat actors transferred stolen funds through communication and multiple wallets. Detective OnChain said funds from Chainsaw Hack were “mostly still dormant” and Favrr’s stolen cryptocurr was transferred to a nested service.
Penetration of crypto and blockchain projects Malware developers remain a problem in the industry, causing financial losses to users and undermining the efforts of software development teams around the world.
Related: Zachxbt Slams Bitcoin Bridge Garden Fanance for Money Laundering Funds
Companies facing security threats around the world
In November 2024, cybersecurity researchers identified a team of hackers linked to the North Korean government known as “Ruby Sleet” Penetration of aerospace and defense contractors In the United States.
Researchers also found that hackers associated with the cybercrime group have also begun targeting information technology companies, infiltrating organizations, setting up fake recruitment programs, and targeting these companies with social engineering scams.
https://www.youtube.com/watch?v=kynq5yofkwo
Crypto exchange Coinbase says yes Victims of data breaches and subsequent ransom attempts in May 2025.
External threat participants bribed several Coinbase customer service contractors to steal account data from a group of clients and handed it over to leverage in an attempt to withdraw ransom from the exchange.
There are estimated 69,461 Coinbase users Affected by data breachesAccording to Latham and Watkins law firms, and there are personal details such as addresses, phone numbers and other identifiers.
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