Tag: hacks

Aug 15 2022

Acala submits governance proposal to burn $1.28B aUSD following investigation of exploit

Aug 15 2022 Published at CryptoSlate under tags  hacks outage parachains stablecoins

Polkadot ecosystem's stablecoin Acala ($aUSD) suffered an exploit over the weekend that led to a malicious actor minting $1.2 billion out of thin air. The Acala team "paused" operations via an emergency governance proposal to investigate the issue. On August 15, a governance proposal was submitted to "effectively burn" $1.288 billion aUSD...

Aug 12 2022

Binance recovers $450K stolen from Curve DNS Hack

Aug 12 2022 Published at CryptoSlate under tags  hacks

Binance CEO Changpeng Zhao tweeted on August 12 that the exchange has identified and frozen 83% of the funds stolen from Curve Finance after the hacker attempted to launder it through Binance. Binance froze/recovered $450k of the Curve stolen funds, representing 83%+ of the hack. We are...

Aug 11 2022

FTC to probe BitMart over December 2021 hack

Aug 11 2022 Published at CryptoSlate under tags  hacks legal

The U.S. Federal Trade Commission (FTC) opened an investigation on BitMart on August 11 over a hack from December 2021 after BitMart's operators — Bachi.Tech and Spread Technologies LLC. — refused to disclose information the FTC requested. Representatives of BitMart did not respond to requests for...

Aug 10 2022

Curve Finance DNS exploit resolved – how to check if it is safe to use

Aug 10 2022 Published at CryptoSlate under tags  defi hacks outage

Over $530k was stolen from Curve Finance Tuesday after a hacker was able to take control of the nameserver to reroute the DNS to a malicious server. The front end of the Curve website was cloned to trick users into believing they were interacting with a legitimate site. On the surface, the SSL certificate, domain name, and website content were identical to the...

Blur Finance allegedly rug pulled, investors at a combined $600K loss

Aug 10 2022 Published at CryptoSlate under tags  hacks

Yield aggregator platform Blur Finance has allegedly been rug pulled as over $600,000 worth of tokens was withdrawn within minutes. Security firm PeckShield tweeted on August 10 that Blur Finance developers have taken out over $600,000 from its Polygon and BNB Chain contracts....

Aug 09 2022

Curve Finance front end UI compromised in DNS hack – users advised not to interact

Aug 09 2022 Published at CryptoSlate under tags  crime defi hacks

Samczsun, a researcher at Paradigm, is reporting that the Curve Finance front end has been compromised, with over $500k stolen within a matter of minutes....

Aug 05 2022

Nomad Bridge offers 10% bounty to recover stolen funds, whitehat hackers have returned $22M so far

Aug 05 2022 Published at CryptoSlate under tags  crime hacks

Nomad Bridge has announced a 10% bounty for hackers who return at least 90 % of the total funds in their custody. In response, Whitehat hackers have returned $22 million as of August 5. The bridge was drained of $190.7 million on August 1 after a hacker stole 100 wBTC worth $2.3 million. The exploit was copied by hundreds of addresses which saw...

Aug 04 2022

Over $86.6M worth of NFTs has been stolen since 2022

Aug 04 2022 Published at CryptoSlate under tags  hacks nfts thefts

Recent research from Comparitech shows that NFT thefts are becoming more frequent than ever— and more profitable. The company has kept track of NFT thefts ever since the non-fungible token standard was first introduced and recorded the first stolen NFTs as early as 2020. Since then, over $86.6 million of tokens have been stolen. At today's prices, these NFTs are...

Aug 03 2022

Solana and Slope Confirm Wallet Security Breach

Aug 03 2022 Published at Crypto Briefing under tags  hacks news solana

Solana and Slope have provided additional information on a security breach that affected a multitude of wallets today. Solana Confirms Wallet Breach Solana has published new details about today's attack....

Solana exploit related to imported Slope Finance wallets, private keys revealed

Aug 03 2022 Published at CryptoSlate under tags  hacks rumors tokens web3

As initially reported by CryptoSlate early hours of Wednesday morning, a significant exploit has caused thousands of crypto wallets to be drained of funds. The initial report was released as the incident was ongoing; however, a follow-up article revealed more information...

Whitehat hackers refund $9M to Nomad

Aug 03 2022 Published at CryptoSlate under tags  ethereum hacks nomad bridge usdc

Whitehat hackers have returned around $9 million of the stolen $190 million from Nomad Bridge, Peckshield revealed. #PeckShieldAlert PeckShield has detected...

Chainalysis reports $2B lost in cross-chain bridge hacks

Aug 03 2022 Published at CryptoSlate under tags  analysis hacks scams

Research conducted by blockchain data platform Chainalysis estimated that $2 billion was lost from cross-chain bridge hacks so far in 2022. Chainalysis stated in the report that the issue now "represents a significant threat to building trust in blockchain technology." Moreover, researchers said bridge hacks are favored by North Korean hackers, who are...

Over 8K Solana wallets drained of $580M by hackers

Aug 03 2022 Published at CryptoSlate under tags  avalanche ethereum hacks solana usdc

Over 8000 Solana (SOL) wallets were drained of around $580 million by an exploit that started in the late hours of August 2. So far more than 8000 wallets and ~$580M were stolen by the following 4 addresses. Htp9MGP8Tig923ZFY7Qf2zzbMUmYneFRAhSp7vSg4wxVCEzN7mqP9xoxn2HdyW6fjEJ73t7qaX9Rp2zyS6hb3iEu...

Solana wallets reportedly being drained to unknown address “Htp9MGP”

Aug 03 2022 Published at CryptoSlate under tags  hacks rumors wallets

Up to $6 million in crypto has been drained from Solana wallets within the last 10 minutes, according to CryptoSlate sources. Users are reporting that entire wallets have been drained of funds, with little currently known as to the source of the issue....

Aug 02 2022

Nomad bridge drained of $190M after hundreds of addresses copy hacker’s code

Aug 02 2022 Published at CryptoSlate under tags  hacks nomad bridge usdc wbtc

Nomad token bridge suffered an exploit on August 1 that allowed several people to drain the bridge of $190.7 million. The first sign of trouble began at about 9:23 pm UTC after a hacker exploited the bridge to withdraw 100 WBTCs worth $2.3 million. Several others copied the code of the first suspicious transaction and changed the address to...

Jul 28 2022

Solana-based Nirvana loses $3.5M to flash loan exploit; tokens tank 90%

Jul 28 2022 Published at CryptoSlate under tags  crime flash loan hacks nirvana solana

Solana-based DeFi protocol, Nirvana Finance lost $3.5 million to a flash loan attack on July 28. 1/ On 28 July, adaptive...

Jul 26 2022

Attackers stole $6 million from Audius by exploiting a bug in the contract

Jul 26 2022 Published at CryptoSlate under tags  crime hacks

Decentralized music streaming platform Audius was exploited on July 23 when an attacker exploited a vulnerability in its governance smart contract code. According to Audius' analysis of the hack, the attacker stole over 18.5 million AUDIO tokens, the platform's native cryptocurrency, worth around $6.05 million at the time. The hacker identified a flaw in the...

Jul 25 2022

Axie Infinity players are turning their backs on the platform

Jul 25 2022 Published at CryptoSlate under tags  gamefi hacks

A recent article by Time followed the story of Samerson Orias, who, like many Filipinos during covid, had turned to Axie Infinity to supplement their income. But an unsustainable Play-to-Earn structure, plus the issues caused by the Ronin hack, has led to a mass exodus of Axie players from the once lucrative platform. Orias and...

Jul 21 2022

FBI detects fake crypto apps that scammed $42.7M from 244 victims

Jul 21 2022 Published at CryptoSlate under tags  crime hacks scams web3

The U.S. Federal Bureau of Investigation (FBI) detected three fake crypto apps that stole around $42.7 million from 244 victims between October 4, 2021, and May 13, 2022, and recently issued a public warning against such fraudulent applications. According to the FBI, these cybercriminals are using the names and logos of legitimate U.S. Businesses to attract investments. The Bureau advises all users...

Jul 19 2022

Web3 space has lost $1.48 billion to cyberattacks since January

Jul 19 2022 Published at CryptoSlate under tags  crime hacks scams web3

The web3 space has lost $1.48 billion to various scams and attacks between January and May 2022, with only four incidents responsible for 81% of that number, a recent study by cybersecurity company Hacken revealed....

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