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25
Hackers steal and destroy millions from Iran’s largest crypto exchange. 😮 (techcrunch.com)
posted 355 days ago by aslan_is_0n_the_m0ve 355 days ago by aslan_is_0n_the_m0ve +25 / -0
Hackers steal and destroy millions from Iran's largest crypto exchange | TechCrunch
It's the latest cyberattack on Iran claimed by a pro-Israeli hacking group since the latest flare up in tensions between the two countries.
techcrunch.com
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– The3rdKey 5 points 355 days ago +5 / -0

All those that think crypto is safe should probably reconsider that opinion.

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– xchainlinkx 2 points 355 days ago +2 / -0

It is safe, if you are holding it in cold storage. Not your keys, not your wallet.

Just like how you shouldn't trust banks with your money.

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– TheVerboten1 1 point 354 days ago +1 / -0

you mean like wrapped in foil and hidden in your freezer? lol

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– redtoe-skipper 1 point 354 days ago +1 / -0

Hackers...... Right. Hardly a biggie if North Korea can siphon off 2 billion in ETH by leveraging smart contract based custodian action, then how about other actors like hackers hiding under the guise of military.

This is a shady world, and the distinction between one and the other is razor thin, not to mention that certain hacker groups can be contracted to perform.

What group did claim responsibility? "Gonjeshke Darande"

"Gonjeshke Darande" is a Persian phrase that translates to "The Singing Bird" in English. It is also the title of a famous Persian poem by the renowned poet and mystic, Sohrab Sepehri. The poem reflects themes of nature, beauty, and the human experience, often using the metaphor of a bird to convey deeper philosophical insights.

The poem was written in 1956 .....

Now, this group is claimed to be pro-Israel, and even aligned with Israel. But, reviewing what chat uncovered about it, is hardly convincing. Chat mentioned this:

` John Hultquist - Chief Analyst at Google’s Mandiant, Hultquist has commented on the group's operations, indicating that despite their bluster, they have demonstrated tangible effects through their cyberattacks on Iranian infrastructure.

Rob Joyce - A former official at the NSA and in the Biden administration, Joyce has noted that the group's past cyberattacks on Iranian facilities have shown significant impacts, suggesting a level of sophistication and intent that aligns with state-sponsored operations.

Rafe Pilling - Director of Threat Intelligence at Sophos, Pilling has stated that while there is no firm evidence directly linking Predatory Sparrow to a specific state, the group's actions align closely with Israel's regional priorities, indicating that it bears the hallmarks of a government-backed group.

Tom Robinson - Co-founder of Elliptic, Robinson has provided insights into the group's operations, particularly regarding their recent cyberattacks on Iranian financial institutions, which he described as politically motivated and indicative of a broader geopolitical conflict.`

So, this again is a form of consensus bullshit, based upon STRATCOM: "hearts and minds"-ponerology. By the same token, these people could be domestic actors, and maybe, very maybe, supported by foreign money.

Another interesting tidbit is that of the coins taken, it is said they were burnt, as these coins were moved into " inaccessible wallets".

Inaccessible by whom?

Remember the basics: NOT YOUR SEED PHRASE, NOT YOUR COINS.

So, probably these coins were moved into cold storage. Big deal. Anyone with half a brain, after setting such a hack, would take measure to prevent counter hacking.

Chat noted:

suggest a level of sophistication that could indicate strategic planning. The use of cold storage wallets to protect assets from counter-hacks is a common practice in cybersecurity, and it reflects a calculated approach to managing the outcomes of their operations.

Then I asked about the basis for the claim that these wallets were inaccessible. Well it turns out, there is no basis. Either the group has created these addresses themselves or, other people created them.

I would even go as far as to suppose that, when the Islamic regime is gone, the coins are reinstated to the rightful owner.

Hillarious. When you take Chat GTP serious at face value, your brain will rot.

This bring us to the point of the 80 or 90 million dollar hack. A quick review of the economical position reveals that 90 million needs to be multiplied with 116 to be comparable to a US hack of the same scale: we are talking 80 billion/ 90 billion.

Anyways .... It was a nice trip to let chat make a total fool of itself.

Added: And Finally, also funny:

review the value of Nobitex: https://intel.arkm.com/explorer/entity/nobitex

Why leave one BTC?

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