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...
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...
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...
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...
Yield aggregator platform Blur Finance has allegedly been rug pulled as over $600,000 worth of tokens was withdrawn within minutes.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....
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....
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...
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...
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....
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 have returned around $9 million of the stolen $190 million from Nomad Bridge, Peckshield revealed. #PeckShieldAlert PeckShield has detected...
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 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...
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....
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...
Solana-based DeFi protocol, Nirvana Finance lost $3.5 million to a flash loan attack on July 28. 1/ On 28 July, adaptive...
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...
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...
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...
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