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April Records Lowest Crypto Hack and Scam Losses Since 2021: CertiK
1.5.2024
As April concludes, the cryptocurrency industry experienced a significant downturn in combined losses from hacks and scams, reaching the lowest recorded figure.
The post April Records Lowest Crypto Hack and Scam Losses Since 2021: CertiK appeared first on Cryptonews
Hackers Drain Funds from Defunct DeFi Lending Protocol Yield Protocol
30.4.2024
Yield Protocol ceased operations in December 2023, citing challenges with diminishing business demand and mounting global regulatory pressures.
The post Hackers Drain Funds from Defunct DeFi Lending Protocol Yield Protocol appeared first on Cryptonews
Hedgey Finance Suffers Dual Exploits, Losing $44.7 Million in Funds
19.4.2024
Hedgey Finance exploits have rocked the DeFi platform, resulting in a $44.7 million loss. Hackers targeted the Token Claim Contract across Ethereum and Arbitrum networks, utilizing flash loans to drain funds. Explore the aftermath, ongoing investigations, and the platform's response to these...
Mango Markets Hacker Found Guilty, Faces 20 Years in Prison: Reuters
19.4.2024
Avraham Eisenberg, the notorious Mango Markets hacker, has been found guilty of commodities fraud, manipulation, and wire fraud in a Manhattan federal court. Eisenberg orchestrated a complex scheme to exploit the Solana-based DeFi platform, resulting in the theft of approximately $110 million.
The...
Prisma Finance Gains Strong Community Support for Protocol Restart with DAO Approval
5.4.2024
Prisma Finance has unveiled a strategy to cautiously restart operations following a hack that resulted in a loss of $11.6 million and prompted a temporary pause of the platform on March 28.
The post Prisma Finance Gains Strong Community Support for Protocol Restart with DAO Approval appeared first...
ZachXBT Joins as Custodian for Multisig Wallet Holding Munchables’ Hacked Funds
2.4.2024
ZachXBT will serve as the fourth signer on the multisig wallet, alongside existing custodians Manifold Trading, Selini Capital, and Munchables themselves.
The post ZachXBT Joins as Custodian for Multisig Wallet Holding Munchables’ Hacked Funds appeared first on Cryptonews
Prisma Finance Works Toward Exploit Recovery, $540K Vulnerable
1.4.2024
Prisma Finance addresses the recent security breach of $11.6 million with a recovery strategy and measures aimed at protecting $540,000 in user funds still vulnerable.
The post Prisma Finance Works Toward Exploit Recovery, $540K Vulnerable appeared first on Cryptonews
Prisma Finance Suffers $11 Million Hack Involving FixedFloat Exchange
28.3.2024
Prisma Finance, a leading decentralized finance (DeFi) protocol, was the victim of a sophisticated hack involving FixedFloat, which resulted in a loss of $9 million.
The post Prisma Finance Suffers $11 Million Hack Involving FixedFloat Exchange appeared first on Cryptonews
Shido Token Plummets 85% Following Exploit on Ethereum Staking Contract
29.2.2024
The token for the layer-1 blockchain Shido has plunged 85% after the project's Ethereum-based staking contract fell victim to an exploit.
The post Shido Token Plummets 85% Following Exploit on Ethereum Staking Contract appeared first on Cryptonews
PlayDapp Security Breach Escalates: Cumulative Losses Surpass $290 Million Mark
14.2.2024
The recent PlayDapp security breach has taken a grim turn, with cumulative losses now exceeding $290 million. According to a report by blockchain analytics firm Elliptic, the exploit resulted in the theft of millions worth of PLA tokens, the native cryptocurrency powering PlayDapp’s gaming...
Playdapp Breach: Hacker Mints Tokens Worth $31 Million, Gaming Platform Offers Reward for Silence
12.2.2024
Playdapp, a Web3 gaming platform, recently confirmed that it was a victim of a hacking incident which saw criminals mint tokens worth approximately $31 million. Playdapp said it has offered to reward the hackers if they agree to return the stolen assets and contracts. Crypto Exchanges Urged...
DeFi Platform Conic Finance's CNC Token Surges 50% as the Protocol Plots Comeback After Hack
12.12.2023
Conic Finance was hacked in July draining roughly $3.6 million worth of ether from the protocol
Duo Behind $9M Platypus Exploit Acquitted by Paris Court: Report
4.12.2023
Charges were dropped after one of the accused argued he was an "ethical hacker," according to French news publication Le Monde
Crypto Trading Firm Kronos Research Offers 10% Bounty to Hacker
28.11.2023
Kronos Research was hacked in mid-November via stolen API keys, with the attacker making off with $25 million
DeFi Platform Raft Hacked for $3.3 Million, Attacker Burns Most of Stolen ETH – Here’s What Happened
11.11.2023
Source: Pixabay Decentralized finance (DeFi) platform Raft has suffered a hack resulting in the loss of approximately $3.3 million in Ethereum ( ETH). However, the attacker’s attempt to profit from the heist may have backfired, as they incurred a loss themselves. On-chain data reveals that...
Onyx Protocol Suffers $2.1M Loss in Defi Breach, Fraction of Funds Redirected to Tornado Cash
1.11.2023
Multiple sources have confirmed that Onyx Protocol, a decentralized finance (defi) platform, has been compromised in a security breach, resulting in a loss of $2.1 million. In the wake of this attack, a fraction of the stolen crypto assets, originally from the cross-token liquidity market, were...
Attacker Exploits Rounding Issue to Steal $2.1 Million From Onyx Protocol
1.11.2023
DeFi project Onyx Protocol has fallen victim to a security breach, losing more than $2 million worth of crypto assets. According to a recent post by blockchain security firm Polyzoa, the attacker exploited a rounding issue within the Onyx Protocol to steal $2.1 million worth of funds from...
Russian Attackers May Have Been Behind Hack of Sam Bankman-Fried’s FTX, Elliptic Says
12.10.2023
Research firm Elliptic said some of the stolen funds appear to be linked to Russian cybercriminal groups, citing on-chain analysis
DeFi Protocol Platypus Finance Hacked for Over $2 Million on Avalanche – Here's What Happened
12.10.2023
Decentralized finance (DeFi) protocol Platypus Finance has fallen victim to a security breach resulting in the loss of over $2 million.
In a recent blog post on X (formerly Twitter), security firm PeckShield noted that the Avalanche-based project has been exploited.
Following the alert...
DeFi Protocol Balancer Faces Another Security Breach After Being Exploited for $2M a Month Ago
20.9.2023
Balancer, the Ethereum-based decentralized finance (DeFi) protocol, is facing a security breach, marking the second such incident in less than a month.
The platform issued a warning to its users after detecting an attack on its frontend, urging them to refrain from interacting with the Balancer...