The Bilaxy hack is the 20th DeFi attack this month, according to the Investing.com report. 

HOGE, one of the tokens listed on Bilaxy, tweeted that all of its tokens on Bilaxy had been transferred by the hacker to that wallet, causing the price of HOGE to drop 35%. Bilaxy later moved all the tokens that weren’t stolen to a so-called cold wallet so they couldn’t be compromised and shut down the website for system maintenance.  

Bilaxy has suspended withdrawals on its platform and users have been told not to transfer tokens into the exchange for now. It’s expected to be shut down for at least two weeks as it investigates the hack and rebuilds the system architecture, while a professional team is investigating and attempting to recover the stolen ERC-20 tokens. 

Related: Poly Network Thanks ‘White Hat’ Hacker/Hackers With $500K Reward 

Bilaxy is hardly alone when it comes to cryptocurrency-related hacks. Earlier this month, cryptocurrency platform Poly Network thanked the so-called “white hat” hacker or hackers who seemed to exploit a vulnerability in the company’s digital contracts and execute a $610 million hack by offering a $500,000 “bug bounty,” according to Reuters. 

Also Read: White House Ransomware Task Force Tries To Stem The Tide Of Attacks 

The White House announced a U.S. ransomware task force in July that promises payouts up to $10 million for information that identifies hackers who ask for cash or other bribes to return the information or assets they’ve stolen. 

There are ransomware attacks every 11 seconds, according to Cybersecurity Ventures, and 4,000 daily ransomware attacks in the U.S. since 2016. 

This task force became a priority for the Biden administration in the wake of the $70 million in crypto-ransom sought by Russian hacking group REvil before its abrupt disappearance. 

Bitcoin.org’s website has gone dark after falling victim to an apparent giveaway scam earlier Thursday.

• As of 05:44 UTC Thursday, visitors to the site were greeted with “This site can’t be reached.” An entity or person who uses the pseudonym Cobra, who has been the site’s operator but whose current affiliation isn’t clear, said the site might be down while they were looking into the hack.
• Earlier Thursday, a pop-up message blocked the homepage screen, inviting visitors to send money to a bitcoin wallet. The funds will be doubled and sent back, the message said. The message claims it is because the Bitcoin Foundation is “giving back to the community.”
• The message said only the first 10,000 users could take advantage of the offer. The message included a QR code for the wallet as well as its address. All other site functionality at the time was limited as users couldn’t get around the message.
• These messages are associated with giveaway scams; these schemes give false promises of doubling one’s funds after sending an initial amount to a wallet address via QR code. Victims, in fact, receive nothing in return and lose the crypto they sent.
• CoinDesk has confirmed the messaging.

• Bitcoin.org is an open-source project that aims to support Bitcoin development.
• While it isn’t affiliated with the Bitcoin Foundation, it is often the first result on search engines when looking for “bitcoin.”
• The giveaway scam’s address has received over $17,700 in small transactions as of the time of writing, according to bitcoin explorer blockchain.com.
• In June, U.K. courts ordered the site to stop hosting the Bitcoin whitepaper over copyright infringement.
• Just days later, the site was hit with a massive denial of service attack.

As per a report by news portal BeingCrypto.com, the complainant has alleged that AT&T was aware of the threat involving these SIM swapping attacks. In the police report filed on 15 September, Etheridge claimed that the network operator had been posting warnings against such attacks but did not do anything to tighten security against such breaches.

Hackers managed to make an unauthorized entry into Etheridge’s wireless account on September 10. By the time AT&T processed the attack, the hacker(s) stole ETH 159.8 tokens from the number-linked account.

As is typical in such attacks, the notorious actor(s) may have found Etheridge’s phone number and convinced the network provider, in this case AT&T to issue and activate a new SIM. Later, the hacker(s) must have extracted the linked financial information with the new number.

Etheridge has demanded that AT&T must compensate him for the theft, the report said.

In December 2020, hardware wallet player Ledger servers witnessed a spike in SIM swap threats. Personal financial data of several users were leaked around that time and the victims remain uncompensated.

AT&T itself, has frequently been a victim of SIM swapping attacks. Between 2018 and 2019, three AT&T users collectively lost over $26 million after their crypto assets were stolen in similar SIM swapping attacks.