Identity of Ripple's Fortress Trust Hacker Who Stole $15 Million in Crypto Revealed
U.Today
18 Sep 2023 11:19 AM
Details of exploit that drained $15 million worth of crypto from Fortress Trust have emerged thanks to Retool company, here's who hacker may be...
- Chinese crypto custodian Fortress Trust was hacked, resulting in the theft of $15 million worth of cryptocurrency.
- The hackers compromised 27 accounts through a targeted SMS-based social engineering attack.
- The exploit was made possible by exploiting the Google Authenticator cloud sync function.
- The attackers posed as members of the Fortress Trust IT team and tricked an employee into sharing their multi-factor authentication code.
- The hackers gained access to all 27 accounts, changed the email addresses and passwords, and stole the crypto assets.
- The attack bears similarities to the methods used by a hacker known as Scattered Spider.
The article discusses a cyber attack on Fortress Trust, resulting in the theft of $15 million worth of cryptocurrency. The sentiment is negative as it highlights the vulnerabilities exploited by the hackers and the significant loss incurred by the company.
You May Ask
How did the hackers compromise the accounts on Fortress Trust?What role did the Google Authenticator cloud sync function play in the exploit?How did the attackers trick an employee into sharing their multi-factor authentication code?What measures can companies take to prevent similar attacks?Is there any connection between this attack and the hacker known as Scattered Spider?