Deepfake incident confirmed: British multinational design and engineering company Arup has confirmed that it is the company at the heart of a deepfake incident from February this year. The company lost $25 million after a scammer tricked one of its Hong Kong employees to send funds to a wrong bank account. The employee said he transferred the funds after the scammers invited him to a meeting with deepfake versions of his colleagues and the company's chief financial officer.
Pump.fun crypto-heist: A threat actor exploited a vulnerability in a smart contract to steal $2 million worth of tokens from DeFi platform Pump.fun. The hack took place on May 16, and the company described the incident as a flash loan attack. A threat actor named STACOverflow took public credit for the breach on Twitter. So far this year, hackers have stolen more than half a billion US dollars worth of crypto-assets. [Additional coverage in CryptoSlate]
Flutterwave hack: Hackers have stolen ₦11 billion ($7.3 million) from the accounts of Flutterwave, a Nigerian company that creates software for banks and financial services providers. The incident took place in April, according to African tech news outlet TechCabal. The stolen funds were sent to multiple accounts at local banks, from where they were laundered to new locations. This is Flutterwave's fourth hack over the past year. The company has now lost over ₦33 billion ($22 million) in four incidents since February last year.