Tag: defi hack

Sep 23 2022

Harmony Protocol Amends Recovery Plan After $100 Million Horizon Bridge Exploit

Summary: The team published an amended bridge recovery plan featuring 0% token mints and treasury vault deployment. A previous plan recommended forking the chain and minting more ONE tokens but the community voted against such a move. Recovery plans became a hot topic in the Harmony community after the protocol's Horizon bridge suffered a $100 million hack. On-chain security firm Elliptic tied the...

Sep 20 2022

Wintermute’s DeFi Operations Suffers $160 Million Hack

Summary: Crypto market maker Winteremute was hacked on Tuesday. Losses from the incident are estimated at $160 million at press time. The hack only affected decentralized finance operations, platform CEO and founder Evgeny Gaevoy tweeted to the community. Gaevoy stressed that Wintermute remains solvent with twice the hack amount in equity. The platform is also open to communication from the hacker(s). Wintermute suffered...

Aug 03 2022

Crypto Hacks Drained Over $1 Billion From DeFi Protocols In 2022 So Far: SlowMist Report

Crypto Hacks account for over a billion in stolen funds in 2022 so far as hackers leverage Tornado Cash to launder proceeds.

Aug 02 2022

Breaking: Over 41 Addresses Identified In $190 Million Nomad Hack

Aug 02 2022 Published at Coingape under tags  defi hack news nomad hack

The global digital asset market wakes to the 5th largest DeFi hack of all time. Nearly $200 million were drained from the Nomad, a bridge protocol. According to a blockchain security firm, more than 41 addresses have been identified...

Jun 24 2022

Harmony Protocol Succumbs To DeFi Exploit, $100 Million Stolen

Another decentralized finance (DeFi) protocol has fallen prey to an exploit. The Harmony protocol had been gaining popularity among DeFi users over the last year as the DeFi space bloomed. But it has now suffered the same fate as many protocols in the space. On Friday, the protocol announced that it has been the victim of a theft where the perpetrator(s) had made...

Jun 16 2022

This Ethereum Platform Was Hit By A $1.2 Mln Hack Amid A Crypto Crash

Jun 16 2022 Published at Coingape under tags  defi hack defi news inverse finance news

Ethereum-based DeFi platform Inverse Finance said it has temporarily paused borrowing after an exploit was discovered. The platform said on its Twitter handle that holdings of the DOLA stablecoin were removed from its money market, Frontier. It added that no user funds were taken or at risk, and that it was investigating the incident. But...

May 01 2022

DeFi Hackers Steal a Record $1.57B in the First 4 Months of 2022, Surpassing the $1.55B total Stolen in 2021

Summary: According to PeckShield, $1.57 billion in digital assets has been stolen from DeFi protocols in the first four months of 2022 This amount has surpassed the total stolen in 2021: $1.55 billion Beanstalk Farm's $182 million exploit was the highest in April, followed by Fei Protocol at $80 million 2022 could end a record-breaking year in terms of digital assets lost to...

Apr 30 2022

Saddle Finance Loses More than $10M in Ethereum to DeFi Hackers

Quick take: DeFi hackers have made off with over $10 million in Ethereum (3,540 ETH) from Saddle Finance The loss could have been higher, but white hat hackers from Block Sec Team rescued $3.8 million worth of Ethereum (1,360 ETH) The team at Saddle Finance has confirmed the hack Block Sec is in the process of returning the rescued Ethereum to Saddle Finance...

Apr 29 2022

Hacker Steals $13 Million In DEUS Finance Exploit, Its 2nd Attack In Last 60 Days

Thursday's multimillion-dollar decentralized finance breach resulted in the theft of around $13.5 million. DEUS Finance DAO was impacted this time. Deus Finance, a DeFi platform, acknowledged reports that an attacker stole millions of dollars through an unlawful means. CertiK and PeckShield, two blockchain security startups, reported that Deus Finance was the victim of a "flash loan attack."...

Feb 09 2022

Almost $500 Million Has Been Lost To DeFi Exploits In First Two Months Of 2022

DeFi exploits have been the order of the day since the space began to gain prominence. For a relatively new space, this is not surprising that protocols have succumbed to exploits. However, the pace and the number of exploits that have since been hacked have been alarming. 2021 saw a new record in funds stolen in hacks. However, 2022 is shaping up to...

Feb 04 2022

DeFi Bridge Warmhole Restores $320 Million Worth of Stolen Funds, Here’s What Unfloded

Feb 04 2022 Published at Coingape under tags  biggest defi hack btcbrl btcbusd btcdai btceur

Earlier on Wednesday, February 2, DeFi bridge protocol Warmhole announced...

Dec 28 2021

Breaking: Crypto hacks led to $9.8 billion in losses in 2021

2021 has definitely been the year of mainstream crypto adoption as institutions finally realized that it is not a fad and going to become the alternate financial market. However, with the surge in interest and adoption, the number of security...

Oct 30 2021

Oct 28 2021

Ethereum DeFi Protocol Cream Finance Succumbs To $130 Million Flash Loan Hack

Cream Finance is the latest Ethereum DeFi protocol to suffer another hack. The attackers had used a flash loan attack and made away with $130 million. Cream Finance confirmed the attack via a Twitter post where the project revealed that they were investigating the cause of the hack. The exploit had exposed vulnerabilities in the protocol’s lending pools, which had to be shut...

Aug 30 2021

Breaking: Cream Finance Faces Second Flash Loan Attack in 2021, Loses $18 Million

Cream Finance, the Defi lending protocol has become a victim of another flash loan attack in which the losses are estimated to be about $18 million. According to early reports from Wu Blockchain, there were two attackers behind the exploit that carried out the heist in 17 transactions. Panic Shield, blockchain security, and the analytic The post Breaking: Cream Finance Faces Second Flash...

Aug 17 2021

Breaking: PolyNetwork Invites $610 Million Hacker to Become its Chief Security Advisor

PolyNetwork, the cross-chain defi protocol that became the victim of the largest defi hack in crypto history last week with $610 million in stolen funds. The hacker later returned nearly $400 million worth of funds claiming to be a White hat after the protocol pleaded with him and also threatened with legal actions. Still, there The post Breaking: PolyNetwork Invites $610 Million Hacker...

Aug 12 2021

Breaking: DAO Maker Becomes Latest Defi Hack Victim, 10,000 USDC Accounts Affected

Aug 12 2021 Published at Coingape under tags  adabch adabnb adabtc adabusd adaeth

The number of Defi protocols getting hacked continues to increase as another protocol fell prey to the attack. Dao Maker, a crowdfunding platform was hacked and hackers managed to steal USDC from user's top-up accounts and were replaced by ETH. A total of 2,261 Eth, worth more than $7 million were used to transfer out The post Breaking: DAO Maker Becomes Latest Defi...

Aug 11 2021

Aug 10 2021

Largest Defi Hack: Neo Initiated Two Defi Projects Suffer $610 Million Hack

Aug 10 2021 Published at Coingape under tags  bnbbkrw bnbbtc bnbbusd bnbeth bnbeur

Defi Interoperability protocol Poly Network suffered a major hack across Binance Binance Smart Chain (BSC), Ethereum (ETH), and Polygon. A total of $610 million worth of assets were transferred to three different addresses on mentioned blockchains. This could be potentially the largest defi hack in history. Important Notice:We are sorry to announce that #PolyNetwork was The post Largest Defi Hack: Neo Initiated Two...

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