In an audacious move by scammers, the Bitcoin.org website was hacked earlier today with a giveaway scam placed on the homepage. Such scams usually take place on YouTube by way of recycling video content from prominent crypto figures. But to have it happen on the official Bitcoin website represents a new ploy not seen before. The...
Another decentralized finance (DeFi) protocol on Avalanche (AVAX) chain, Vee Finance, has fallen victim to an attack, merely a week after...
pNetwork, a cross-chain DeFi protocol built on the Binance Smart Chain (BSC), suffered an attack that drained over $12 million from the protocol. According to a series of tweets posted by the pNetwork, an attacker was able to leverage a bug in the protocol's codebase and steal 277 pBTC—Bitcoin wrapped in the pNetwork ecosystem....
SushiSwap's token launch platform MISO suffered a supply chain attack yesterday that drained 864.8 ETH from the 'Jay Pegs Auto Mart' token auction contract. The exploit was first identified by Sushi's CTO Joseph Delong on September 17th, who tweeted out a link to the transaction that drained the funds from the protocol. A stressful day for...
Being one’s own bank comes with its own baggage and troubles, despite what most hardcore crypto proponents suggest one to do on social media. But asset security...
The following is a guest post from Josef Moser, co-founder of Cryptoradar. Crypto scams are getting more sophisticated. As more retail investors get on board the crypto train, it’s not surprising that malicious actors are trying to take advantage of new traders and unsecured crypto accounts. If you’re fresh on the crypto scene, it’s critical that you watch out for all the gimmicks...
During a year-long initial coin offering (ICO) that ended in 2018, EOS raised a record $4.2 billion, making it the biggest ICO in history. Combined with its Delegated Proof-of-Stake (DPoS) consensus mechanism, which has throughput thousands of times greater than Ethereum's, expectations were high. But these...
In the aftermath of the Poly Network exploit, in which the attacker stole more than $600 million worth of crypto, just to...
A CNN report has revealed that the US government is stepping up activities to better protect its systems as it is now looking to offer a crypto-assets rewards system to hackers who help them...
An address linked with the infamous hacker of decentralized finance (DeFi) cross-chain bridging protocol, Poly Network, has returned over $260 million stolen from the network. $260 million (As of 11 Aug 04:18:39 PM +UTC) of assets had been returned:Ethereum: $3.3MBSC: $256MPolygon: $1M The...
A decentralized finance (DeFi) cross-chain bridging protocol Poly Network recently announced that it has suffered an attack in which the hacker stole over $600 million across three blockchains. The cross-chain interoperability network flagged the...
Multichain yield platform Popsicle Finance ($ICE) suffered a significant exploit today, resulting in a loss of $21 million. Initial reports claim attackers took advantage of a flaw in the fee accounting mechanism, draining several tokens in the process....
Bitcoin SV (BSV) was hit by a 51% attack last night, leading to over three malicious chains getting created and several blocks getting ‘reorganized,’ data from multiple sources showed. “After an attempted attack yesterday, some serious hashing power was unleashed today at 11:46AM and...
Your bags are gone. How do you alleviate that concern? With insurance. Unfortunately, DeFi users don't have much choice when protecting their assets, and only an estimated $2 billion of DeFi's $100 billion TVL is insured. Needless to say, crypto and DeFi are still in the exploratory phase in finding an optimal insurance solution. Exploits have become almost inevitable and hidden in plain...
Cross-chain DeFi protocol ThorChain suffered an exploit in the early hours, resulting in the loss of $8 million. At present, details of the incident are still under investigation. But devs believe this to be a "whitehat" attack. Meaning, it was done to highlight security vulnerabilities. As such, the team is hopeful for a return of funds....
ThorChain, a decentralized finance (DeFi) token swap protocol based on the Cosmos blockchain, lost roughly $4.8 million worth of Ethereum (ETH) from its liquidity pools to a hacker attack today. “During a live attack, the...
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