Decentralized asset management protocol Babylon Finance announced the project is shutting down in November, citing its failure to recover from a $3.4 million exploit on a lending service it launched o...
Tag: hack
Babylon Finance Announces Termination Of Services Following A Ruinous Hack
According to a statement made on August 31 by Babylon Finance company’s founder Ramon Recuero, the company will stop offering its services for the DeFi asset management protocol on November 15. Babylo...
Babylon Finance to shut down Nov. 15 after failing to recover from Rari/FEI hack
DeFi asset management protocol Babylon Finance will shut down its services on Nov. 15, according to an announcement by its founder Ramon Recuero on Aug. 31. 1/ Babylon Finance is Shutting Down Despite...
Rug Pull Almost Wipes out GameFi Project; DeFi Protocol Suffers Hack
A popular play-to-earn (P2E) GameFi project has seen its value plunge by 99% following a rug pull, while another decentralized finance (DeFi) platform has lost millions of dollars in a hack. According...
Whale Spends 10,000 BTC Worth $203M, Bitcoins Stem From the Infamous 2011 Mt Gox Hack – Bitcoin News
In two days’ time, bitcoin’s price dropped to fresh August lows as it dipped below the $20K per unit region for the first time since mid-July. During that time, two addresses created on December 19, 2...
Sui blockchain creator Mysten Labs suffers Discord hack
The Discord server of Sui blockchain creators Mysten Labs has been hacked, according to a post on Saturday from the company. It is warning people not to click any links posted on the server in the eig...
18 Acala Services Offline 12 Days Post 1.28 Billion aUSD Hack
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Grammy winner Ed Sheeran is worth an estimated $200 million — but he’s a fan of this penny-pinching savings hack (and psst: pros say you may want to do it too)
Ed Sheeran Getty Images for the Ruth Strauss Foundation Thanks to hits like “Shape of You,” “Bad Habits,” “Castle on the Hill” and “Perfect,” Grammy Award winning singer-songwriter Ed Sheeran has an e...
A Hacker Fails to Perform a Bridge Hack, Losing 5 ETH
Aug 23, 2022 at 12:12 // News On August 22, 2022, an unknown hacker tried to break the NEAR/ETH Rainbow Bridge. However, the hack was blocked, protecting users’ money. It also cost the criminal ...
NEAR Protocol (NEAR) Fake Block Was Submitted During Weekend Rainbow Hack
Vladislav Sopov Alex Shevchenko, CEO of Aurora Labs, shared details of how malefactors tried to hack Rainbow again Contents NEAR Protocol’s (NEAR) Rainbow Bridge attacked with no user funds lost...
Ronin Bridge Hack: $625M in stolen crypto-funds now on Bitcoin network
According to the latest report by blockchain developer and researcher BliteZero, Ronin hackers have transferred the stolen assets from the Ethereum network to the Bitcoin network. Following the Ronin ...
Hacker stole from clients making deposits on Bitcoin ATMs
A hacker stole crypto funds from customers making deposits at General Bytes Bitcoin ATM machines, according to an advisory published this week. The hacker modified the crypto settings of two-way machi...
Frax founder says Fei Protocol situation reaches ‘new low for DeFi’
Sam Kazemian, founder of the stablecoin project Frax, expressed dismay at the way the sunsetting of the Fei Protocol and its hack redemption strategy is being handled. The main issue appeared to be th...
Tribe DAO proposes a $157 million redemption for token holders, Rari hack victims
Tribe DAO is moving to close its doors and has outlined a multi-million dollar redemption plan that will see it distribute crypto assets to token holders as well as those impacted by the $80 million R...
Fei Protocol Founder Offers Ghosting Tribe DAO After Hack Recovery
Fei protocol offered a $10m bounty and said no questions asked if you return the remaining user funds. In April 2022, an attack of $80 million occurred from Rai Fuse pools that required the decentral...
TRIBE DAO Proposes $157 Million Redemption for Rari Hack Victims
Prologue – The Rari Hack In may 2022, two crypto lending organizations were attacked by hackers stealing approximately 90 Million USD. One of the two companies was Rari Capital which was attacked via ...
Fei Protocol founder proposes ghosting Tribe DAO following hack repayment
An attack in April 2022, which drained off nearly $80 million from various Rari Fuse pools, required the decentralized finance (DeFi) platform Fei Protocol to come up with a solution that minimizes da...
Velodrome Recovers $350K Stolen in Hack by Team Member
The exchange revealed that it had severed ties with the hacker and was seeking legal advice on the next course of action. Decentralised crypto exchange Velodrome has revealed that a team member was re...
Acala network suspends activities after hack 1
Acala network native token aUSD saw a massive bearish return over the weekend after the digital asset lost its peg. After the incident, the network noted that they had to freeze the wallet suspected t...
Brazilian Crypto Lender BlueBenx Halts Withdrawals after Suffering Hack of $32M
Brazilian crypto lending platform BlueBenx is currently under scrutiny after it halted its users’ withdrawals. Per the email shared by the embattled startup to its customers, it claimed that the...
Brazilian Crypto Lender BlueBenx Halts Withdrawals after Suffering $32M of Hack
Brazilian crypto lending platform BlueBenx is currently under scrutiny after it halted its users’ withdrawals. Per the email shared by the embattled startup to its customers, it claimed that the...
Not Another UST; Acala Team Shares Positive Update On aUSD Hack
Earlier today, Polkadot DeFi’s hub Acala had its stable coin aUSD, exploited for about 1.2 billion aUSD. It has since addressed the issue on its twitter account explaining that the problem had been id...
Brazilian Crypto Investment Platform Bluebenx Stops Withdrawals Under Hack Allegations – Exchanges Bitcoin News
Bluebenx, a Brazil-based cryptocurrency investment platform, suspended withdrawals last week due to an alleged hack that made the company lose more than $31 million. The company announced that the wit...
BlueBenx Fires Employees Over Hack
BlueBenx’s lawyer revealed that the attack resulted in the loss of $32 million Many investors found it hard to believe this The Brazilian crypto lender promised up to 66% returns All BlueBenx, a Brazi...
BlueBenx halts withdrawals after $32 million hack
Crypto exchange platform BlueBenx has cut off its user’s access to its platform after an attack by bad actors. According to the statement from a spokesperson, more than 22,000 users of the platform ar...
Martin Shkreli’s Druglike DAO Crypto Token Crashes Following an Alleged Hack
Former pharmaceutical executive Martin Shkreli’s recently-launched crypto token tanked 90% on Friday, Aug. 13, 2022, data from crypto exchange Binance shows. The drop in price to fractions of a penny ...
“DeFi Hub of Polkadot” Suffers Major Hack
Alex Dovbnya The decentralized hub of the Polkadot network has suffered a security breach, which resulted in the de-pegging of the AUSD stablecoin Acala, the decentralized hub of the Polkadot network,...
BlueBenx fires employees, halts funds withdrawal citing $32M hack
BlueBenx, a Brazilian crypto lending platform, reportedly blocked all of its 22,000 users from withdrawing their funds following an alleged hack that drained $32 million (or 160 million Brazilian real...
Brazilian Crypto Platform Halts Withdrawals, Scam Or Hack?
In a shocking revelation, a Brazilian crypto lending company announced halting of withdrawals due to an attack. A company representative of BlueBenx said the company suffered a hack worth $32 million....