Token2049 Eric Trump Predicts Crypto To Replace ‘Broken’ SWIFT Payment System

BitMEX made a bold announcement this afternoon, claiming it foiled a major hack attempt from the Lazarus Group. The exchange’s security team analyzed the hackers’ code, revealing some interesting new information.

The malware had surprisingly poor operational security, allowing BitMEX to trace the IP addresses and active hours of several members. Still, the firm acknowledged that it only beat Lazarus’ second-string hackers, not their best.

BitMEX Takes On Lazarus Group

The Lazarus Group is a formidable North Korean hacker organization, responsible for the largest theft in crypto history. The group has stolen and successfully laundered vast sums of money thanks to their sophisticated DeFi trade networks.

However, Lazarus’ recent attempt to hack BitMEX was prevented, according to a recent blog post.

A Lazarus hacker attempted to phish a BitMEX employee by sending them a phony request to collaborate on a Web3 NFT marketplace project. This employee alerted security, who played along with the scammer to obtain the malware bait. From there, BitMEX analysts dismantled it, gleaning knowledge of the group’s organization:

“Throughout the last few years, it appears that the group has divided into multiple subgroups that are not necessarily of the same technical sophistication. This can be observed through… bad practices coming from these ‘frontline’ groups that execute social engineering attacks when compared to the more sophisticated post-exploitation techniques,” BitMEX claimed.

Specifically, BitMEX identified a lot of sloppy work in the initial malware. This allowed analysts to find a list of IP addresses from compromised computers; furthermore, they identified test runs.

One Lazarus member based in China left incriminating info in this database, which BitMEX used to get a profile of other members and their working schedules.

BitMEX’s work here can go a long way towards piercing the Lazarus Group’s image of danger and hyper-competence. BitMEX, a long-running derivatives exchange, seems like an unexpected candidate to make these discoveries.

Rather than a famous crypto sleuth, a private firm that’s been out of the news lately managed to crack this code.

Still, it’s important not to overstate the situation. The Lazarus Group sent their B-team to try and breach BitMEX, but much more advanced hackers would’ve exploited a successful breach.

BitMEX exploited the group’s sloppy operational security, but its members remain wholly anonymous. In all likelihood, they’ll have plenty of future successes on softer targets.

The post BitMEX Foils Lazarus Group Hacking Attempt, Revealing Members’ Information appeared first on BeInCrypto.

Over the past weeks, meme coins centered around US politics have consistently trended on decentralized exchanges. Recurring topics include the Trump/Musk split and the latest anti-ICE protests in Los Angeles.

A few prominent examples include Grand Theft America, Kill (the) Bill, Rent Only Goes Up, The America Party, and more. Although speculative, these community-led tokens show more of a decentralized character than coins like TRUMP.

Political Meme Coins On The Rise

Many strange or esoteric events can spawn related meme coins, but politics-related topics have been gaining prominence over the last few months.

President Trump’s eponymous meme coin kicked off this trend in January, and it’s been growing to new levels ever since. Over the last few days, a cadre of political meme coins has consistently trended on DEXs.

Over the last 24 hours, several key examples of political meme coins have trended. Grand Theft America, for example, a riff on the Los Angeles ICE protests and GTA video game series, racked up $600,000 in the last few hours.

Last week, a feud between President Trump and Elon Musk inspired dozens of meme coins, many of which trended.

And yet, this wave of political meme coins is more decentralized than assets like TRUMP. Vitalik Buterin cautioned against political figures launching their own tokens, and House Democrats attempted to ban such assets.

However, this current crop only gestures at events in the zeitgeist or famous quotes, not seeming to endorse any movement or figure.

In a way, this contradicts Arthur Hayes’ proposal that meme coins can become an effective method of political advertising. It’s difficult to find any clear message out of these trendy tokens.

After all, TRUMP is currently in a price slump despite the President’s heavy involvement in the LA ICE protests.

So, what’s the lesson here? The crypto industry is getting involved in the political sphere, but meme coin traders are focused on their gains.

If public spectacles capture the community’s imagination, it can lead to potentially lucrative opportunities. As far as the content goes, these tokens’ political message remains surface-level.

As of now, the US political and social unrest is on live display over social media, and the meme coin community is taking full advantage of it.

The post Meme Coins Take Advantage of the LA Protest and American Politics Drama appeared first on BeInCrypto.