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Showing posts with label Bug Exploit. Show all posts
malware
active exploitation Bug Exploit CrossCurve EYWA malware

CrossCurve Bridge Hit by $3 Million Exploit after Smart Contract Flaw


CrossCurve, a cross-chain bridge formerly known as EYWA, has suffered a major cyberattack after hackers exploited a vulnerability in its smart contract infrastructure, draining about $3 million across multiple blockchain networks. The CrossCurve team confirmed the incident on Sunday, saying its bridge infrastructure was under active attack and urging users to immediately stop interacting with the protocol. “Our bridge is currently under attack, involving the exploitation of a vulnerability in one of the smart contracts used,” CrossCurve said in a post on X. 

“Please pause all interactions with CrossCurve while the investigation is ongoing.” Blockchain security account Defimon Alerts said the exploit stemmed from a gateway validation bypass in CrossCurve’s ReceiverAxelar contract. According to the analysis, the contract was missing a critical validation check, allowing attackers to call the expressExecute function using spoofed cross-chain messages. 

By abusing this flaw, the attackers were able to bypass the intended gateway validation logic and trigger unauthorized token unlocks on the PortalV2 contract, resulting in the loss of funds. The exploit affected CrossCurve deployments across several blockchain networks. 

Data from Arkham Intelligence, shared by Defimon Alerts, shows that the PortalV2 contract balance fell from roughly $3 million to nearly zero around Jan. 31. Transaction records indicate the attack unfolded across multiple chains rather than a single network. 

CrossCurve operates a cross-chain decentralized exchange and liquidity protocol built in partnership with Curve Finance. The system relies on what it describes as a Consensus Bridge, which routes transactions through multiple validation layers, including Axelar, LayerZero, and the EYWA Oracle Network. In its documentation, CrossCurve had described this architecture as a security advantage, stating that “the probability of several crosschain protocols getting hacked at the same time is near zero.” 

The incident, however, showed that a single smart contract flaw can still compromise a broader system. The project has backing from prominent figures in decentralized finance. Michael Egorov invested in the protocol in September 2023, and CrossCurve later said it had raised $7 million from venture capital firms. Following the exploit, Curve Finance warned users with exposure to EYWA-related pools to reassess their positions. 

“Users who have allocated votes to Eywa-related pools may wish to review their positions and consider removing those votes,” Curve Finance said on X. 

Security researchers said the attack echoes earlier bridge exploits, drawing comparisons to the 2022 Nomad bridge hack, in which about $190 million was drained after attackers discovered a faulty validation mechanism.
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VPN
Bug Exploit malware North Korea Organization security VPN

How North Korean Attackers Deployed Malware Via VPN Bug Exploit

How North Korean Attackers Deployed Malware Via VPN Bug Exploit

In a concerning event, North Korean state-sponsored have again displayed their advanced cyber capabilities by abusing flaws in VPN software updates to plant malware. The incident highlights the rising threats from state-sponsored actors in the cybersecurity sector. "The Information Community attributes these hacking activities to the Kimsuky and Andariel hacking organizations under the North Korean Reconnaissance General Bureau, noting the unprecedented nature of both organizations targeting the same sector simultaneously for specific policy objectives," NCSC said.

Attack Vector Details

The NCSC (National Cyber Security Center) recently detected two infamous North Korean hacking groups named Kimsuky (APT43) and Andariel (APT45) as the masterminds of these attacks. The groups have a past of attacking South Korean companies and have set their eyes on exploiting bugs in VPN software updates. Threat actors leveraged these flaws, gained access to networks, deployed malware, and stole sensitive data, including trade secrets.

How the attack works

The actors used a multi-dimensional approach to attack their targets. First, they identified and compromised vulnerabilities in the VPN software update mechanisms. Once the update started, the attackers secretly installed malware on the victim's system. The malware then set up a backdoor, letting the hackers build persistent access to the compromised network.

A key tactic used by attackers was to disguise the malware as a genuine software update. Not only did it help escape detection, but it also ensured that the dangerous malware was planted successfully. The malware was built to extract sensitive information, including intellectual property and secret business info that can be used for economic espionage purposes or can be sold on the dark web.

Learnings for the Cybersecurity Sector

The incident underscores important issues in cybersecurity, the main being the importance of strengthening software update mechanisms. Software updates are a routine part of keeping the system secure, and users trust them easily. This trust gives threat actors leverage and allows them to attack, as shown in this case.

The second issue, the attack highlights an urgent need for strong threat intelligence and monitoring. Organizations must stay on alert and constantly look out for signs of attacks. A sophisticated threat detection system and frequent security audits can help detect and mitigate possible threats before they can cause major damage.

Tips on Staying Safe

Here are some key strategies organizations can adopt for multi-layered security:

Regular patching and updates ensure all software like VPNs, are updated with the latest security patches, reducing the risk of flaws being abused.

Implementing a "Zero Trust Framework" which assumes internal and external threats, the model requires strict authorization for each user and device trying to access the network.

Using advanced endpoint protection solutions that can identify and respond to suspicious activities on individual systems.

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Velvet Ant
Bug Exploit cyber espionage malware Network Security Velvet Ant

Inside the Velvet Ant’s Web: F5 BIG-IP Vulnerabilities Exposed

“Inside the Velvet Ant’s Web: F5 BIG-IP Vulnerabilities Exposed

Cybersecurity threats have evolved beyond traditional attack vectors. One such sophisticated campaign involves the exploitation of F5 BIG-IP appliances by a group known as ‘Velvet Ant.’ In this blog post, we delve into the details of this stealthy data theft operation, shedding light on the techniques employed and the implications for organizations worldwide.

According to a Sygnia report, which discovered the breach after being called in to investigate the cyberattack, Velvet Ant established multiple footholds across the network, including a legacy F5 BIG-IP appliance that served as an internal command and control (C2) server.

The ‘Velvet Ant’ Group

The ‘Velvet Ant’ group, suspected to have ties to Chinese state-sponsored actors, has been active since at least 2017. Their primary focus is on cyber espionage, targeting government entities, defense contractors, and critical infrastructure organizations. Their modus operandi involves gaining persistent access to internal networks, exfiltrating sensitive data, and maintaining long-term presence without detection.

F5 BIG-IP Appliances: A Prime Target

F5 BIG-IP appliances are widely used for load balancing, application delivery, and security functions. Unfortunately, their ubiquity also makes them an attractive target for threat actors. The ‘Velvet Ant’ group leverages vulnerabilities in these devices to achieve their objectives.

The Malware Campaign

  • Initial Compromise: The group gains initial access through known vulnerabilities in F5 BIG-IP devices. These vulnerabilities allow them to bypass authentication and execute arbitrary code.
  • Custom Malware Deployment: Once inside the network, the attackers deploy custom malware tailored for F5 BIG-IP appliances. This malware establishes a covert channel for communication, allowing the group to maintain persistence.
  • Data Exfiltration: The malware exfiltrates sensitive data, including intellectual property, classified documents, and personally identifiable information (PII). The stealthy nature of the operation ensures that data theft remains undetected for extended periods.
  • Lateral Movement: The ‘Velvet Ant’ group moves laterally within the network, escalating privileges and accessing additional resources. They carefully avoid triggering alarms or arousing suspicion.
  • Long-Term Presence: Unlike traditional smash-and-grab attacks, this group aims for longevity. By maintaining a foothold, they can continuously monitor and extract valuable information.

Mitigation Strategies

  • Patch Management: Regularly update F5 BIG-IP devices to address known vulnerabilities. Timely patching reduces the attack surface.
  • Network Segmentation: Isolate critical systems from less secure segments to limit lateral movement.
  • Behavioral Analytics: Implement solutions that detect anomalous behavior within the network. Unusual data flows or unauthorized access attempts should trigger alerts.
  • Threat Intelligence Sharing: Collaborate with industry peers and share threat intelligence. Early detection of emerging threats is crucial.

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