Tag: defi hacks

May 14 2022

Another Fantom Hack? FTM Slumps 15% After DEX Attack

May 14 2022 Published at Coingape under tags  altcoin news defi hacks fantom news

Fantom (FTM), the native token on the eponymous blockchain, fell sharply after one of its largest DeFi exchanges (DEX) was hit with a hack. FTM slumped over 15% in the past 24 hours, and is now trading at nine-month lows of $0.322552. Saturday's losses have now seen the token more than halve in value this...

May 13 2022

Record amounts of crypto were stolen in DeFi hacks last quarter

May 13 2022 Published at CryptoSlate under tags  cbdcs crime defi defi hacks edge

After the record-breaking DeFi summer of 2020, the crypto industry has gone parabolic when adopting decentralized technologies. The industry has been racing to reinstate traditional financial services in the decentralized world throughout the last year, drastically expanding the DeFi market. However, the rampant and unchecked growth of DeFi came at a price — $2.3 billion, to be exact. That's the total value of...

Apr 30 2022

Fantom Token (FTM) Crashes To 8-Mth Low, More Losses In Store?

Apr 30 2022 Published at Coingape under tags  altcoin news defi hacks fantom news

Fantom (FTM), the native token on the eponymous blockchain, sank to an eight- month low on Saturday as traders appeared to be dumping the token in a flurry of sell indicators. Overnight liquidations of the token also surged to their highest level this year. FTM dropped nearly 13% in the past 24 hours, and is trading...

Apr 05 2022

Crypto Hackers Mark Successful First Quarter. Here’s How Much They’ve Made

Crypto hackers have been making off with billions of dollars from the market every year. These hackers who find vulnerabilities in the products being used by investors have been known to cart away hundreds of millions at a time. 2022 has proven to be no different from these hackers who have ramped up their efforts. In just the first quarter of the year...

Mar 30 2022

$622 Million Hack Plummets Axie Infinity (AXS) And Ronin (RON) Token Prices

Axie Infinity (AXS), the native token of the eponymous videogame, reversed most of its recent rally after hackers stole more than $600 million from the Ronin Network blockchain that runs the...

Feb 03 2022

Breaking: Ethereum-Solana Bridge Warmhole Exploited In A Massive $300 Million Hack

Feb 03 2022 Published at Coingape under tags  crypto hacks defi hacks defi news ethaud ethbkrw

On Wednesday, February 2, one of the most popular crypto bridge networks connecting the Ethereum and the Solana blockchains has faced a massive hack of a staggering $320 million. Warmhole has appraised this event on its Twitter handle...

Dec 22 2021

Defi Hack: Visor Finance to launch new token post 94% drop in price after exploit

Dec 22 2021 Published at Coingape under tags  defi hacks defi news ethaud ethbkrw ethbrl

The latest update in Visor Finance's exploit of 8.8 million VISR tokens saw Visor publish its post-mortem report of the hack, determining the upcoming launch of a new token to replace the formerly stolen VISR. Post exploit, VISR's price witnessed a steep drop amounting to 94 percent. At press time, VISR was trading at the The post Defi Hack: Visor Finance to launch...

Dec 03 2021

Nov 02 2021

Defi Hack: “stupid kid” nick name goes viral as BXH hack mystery unfolds

Nov 02 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The latest update in the $130 million Defi hack of the BXH protocol unveiled that the exploit took place due to a modification in the network’s administrative privileges, which led the attackers to use this privilege to transfer project assets. According to the Chinese Journalist, Colin Wu, BXH protocol irresponsibly consigned the authority of fund The post Defi Hack: "stupid kid" nick name...

Oct 27 2021

Cream Finance reportedly suffers major loss in flash loan hack, as token crashes by 26%

Oct 27 2021 Published at Coingape under tags  blockchain defi hacks defi news hackers hacks

Cream Finance may have just suffered a major hack on Wednesday, reportedly loosing more than $100 million worth of funds to the massive flash loan attack. The flash loan attack on the decentralized lending platform, was first identified by blockchain data analytics firm PeckShield, who says the stolen funds included Cream liquidity provider tokens, and The post Cream Finance reportedly suffers major loss...

Sep 21 2021

Sep 20 2021

Defi Hack Alert: This protocol lost over $12 million in Bitcoin (BTC)

Sep 20 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The Defi protocol, pNetwork alerted the community of a 277 Bitcoin (BTC) hack, which amounts to 12.67 million in USD. The network revealed that the attacker installed a bug on the Binance Blockchain codebase of pNetwork. However, the protocol confirmed safety for other funds as no more bridges had to bear the burn of the The post Defi Hack Alert: This protocol lost...

Sep 15 2021

Defi Hack Alert: NowSwap losses over $1 Million in cyber attack

Sep 15 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

According to news from the Analytic group, PeckShield, the DEX protocol, NowSwap was hacked and lost more than 1 million USD in funds. The attackers stole 535,000 USDT and 158 WETH. USDTs are converted to ETH through the distributed network service, 1inch, and further transferred to the Ethernet Square anonymous trading platform, Tornado Cash. Furthermore, The post Defi Hack Alert: NowSwap losses over...

Aug 31 2021

DeFi Exploits 2021: CipherTrace Reports $474 M Loss in Flash Loan Attacks

The Decentralized Finance (DeFi) sector has witnessed an explosive growth this year. The total value locked (TVL) across all decentralized finance (DeFi) protocols has hit a new all-time high of $84 billion as August comes to a close, according to Data Aggregator DeFi Pulse. Per ConsenSys’s Q2 2021 DeFi report, billions of institutional capital is The post DeFi Exploits 2021: CipherTrace Reports $474...

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