By Pierluigi Paganini
January 15, 2018
BlackWallet.co was victims of a DNS hijacking attack, on January 13 the attackers have stolen over $400,000 from users’ accounts (roughly 670,000 Lumens).
The spike in cryptocurrency values is attracting cybercriminals, the last victim is the BlackWallet.co a web-based wallet application for the Stellar Lumen cryptocurrency (XLM).
The platform was victims of a DNS hijacking attack, on January 13 the attackers have stolen over $400,000 from users’ accounts (roughly 670,000 Lumens).
According to Bleeping Computer, the attackers collected 669,920 Lumens, which is about $400,192 at the current XML/USD exchange rate.
Stellar Lumen today is considered as the eight most popular cryptocurrency.
The attackers hijacked the DNS entry of the BlackWallet.co domain and redirected it to a server they operated, as result of the attack, the application suspended its service.
Technically users were logging to the bogus domain entering their credentials, then the attackers used
The attackers immediately started moving funds from the XLM account to Bittrex, a cryptocurrency exchange, in the attempt to launder them by converting in other digital currency.
The situation is critical, admins are asking Bittrex to block the attackers’ operations before is too late.