Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»Layerswap domain hijacking over, $100,000 in stolen funds to be refunded
TRADING NEWS

Layerswap domain hijacking over, $100,000 in stolen funds to be refunded

By Crypto FlexsMarch 21, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Layerswap domain hijacking over, 0,000 in stolen funds to be refunded
Share
Facebook Twitter LinkedIn Pinterest Email

⁤Layerswap, a platform that facilitates transactions between centralized cryptocurrency exchanges and layer 2 blockchains, regained control of its domain after it was briefly hijacked, resulting in approximately $100,000 in losses from users. ⁤

The security breach occurred on March 20 at 19:40 UTC. At that time, the Layerwap.io domain was hijacked and users were redirected to a phishing site. ⁤⁤Shortly after the domain compromise, the attackers attempted to reset Layerswap’s social media accounts on Platform X, effectively blocking the company. ⁤

🛠 Layerswap March 20 incident

On March 20th at approximately 7:40 PM (UTC) @godaddy The https://t.co/xGoN2q5vOa domain account has been compromised and we are currently awaiting a comprehensive report from GoDaddy to understand the details of the breach. Meanwhile, here’s some context…

— Layer Swap (@layerswap) March 21, 2024

According to Layerswap, GoDaddy’s slow response allowed the hackers to maintain control of the domain for an extended period of time. At approximately 23:07 UTC, LayerSwap restored access to the GoDaddy account and reversed the hackers’ changes. The company stated as follows:

“We reached out to GoDaddy support for clarification to understand how the breach occurred, but received no concrete response. We have agreed to receive a detailed report via email and plan to share it with the community for transparency.”

A sophisticated Layerswap phishing scheme was able to extract approximately $100,000 in cryptocurrency from approximately 50 individuals. The company plans to compensate the affected users in full and provide an additional 10% as compensation for the inconvenience caused.

⁤⁤The company advised investors to decertify their tokens as a precautionary measure to prevent further losses and has initiated a refund process for those affected. ⁤

⁤On March 20, hardware wallet provider Trezor was also targeted by a sophisticated cyberattack, resulting in at least $8,100 in losses. ⁤⁤Cybercriminals sent false messages about a non-existent “$TRZR” token presale on the Solana network, directing Trezor’s followers to a fraudulent website where they could siphon their wallets. ⁤

Amid these security breaches, the United Nations Security Council released a report highlighting North Korea’s increasing involvement in cyberattacks, which is now a major source of foreign exchange earnings. ⁤⁤ The report estimates that North Korea has made nearly $3 billion through cyber heists, highlighting the vulnerabilities that exist in the cryptocurrency sector’s security measures. ⁤

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

On the 7th, NFT transaction sales volume of immutable tower

June 24, 2025

Bitcoin will protrude again, and Arthur Hayes says after dip to less than $ 100K.

June 23, 2025

Spot trading vs. margin transaction of encryption

June 22, 2025
Add A Comment

Comments are closed.

Recent Posts

AIXA Miner 2025 | AI-Driven Dogecoin Cloud Mining For Stable Daily Passive Income

June 24, 2025

Stably Introduces Stablecoin Development & Advisory Services For Institutions & Enterprises

June 24, 2025

Senior Trader Uses XRP To Start Bitcoin (BTC) Mining Machine, Earning $8,857 A Day

June 24, 2025

WF Holding Ltd Announces Entry Into The Digital Cryptocurrency Field

June 24, 2025

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

On the 7th, NFT transaction sales volume of immutable tower

June 24, 2025

Sequans starts $ 384M Bitcoin Treasury Initiative with Swan Bitcoin Partnership.

June 23, 2025

Dogecoin (DOGE) after collision

June 23, 2025

GAP 3 Partners FZCO Becomes Dubai’s First Regulated Virtual Asset Investment Advisor With Operational License From VARA

June 23, 2025

R0AR Lists On BitMart: $1R0R Makes CEX Debut

June 23, 2025

Polemos Launches $PLMS Token On MEXC And Uniswap, Advancing Web3 Gaming Infrastructure

June 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

AIXA Miner 2025 | AI-Driven Dogecoin Cloud Mining For Stable Daily Passive Income

June 24, 2025

Stably Introduces Stablecoin Development & Advisory Services For Institutions & Enterprises

June 24, 2025

Senior Trader Uses XRP To Start Bitcoin (BTC) Mining Machine, Earning $8,857 A Day

June 24, 2025
Most Popular

Looking to harvest cash with Barnyard Megahays Megaways slots?

April 20, 2024

Breaking News: MicroStrategy Completes $800 Million Convertible Note to Fund Bitcoin Strategy

March 11, 2024

Strategies to Profit During Market Volatility

December 22, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.