Decentralized platforms have become a popular target among hackers. In February, DeFi platforms lost around $21 million to attackers. According to the DefiLlama report, Platypus Finance was highly att...
Tag: Hacks
7 DeFi protocol hacks in Feb sees $21 million in funds pilfered: DefiLlama
Reentrancy, price oracle attacks and exploits across seven protocols caused decentralized finance (DeFi) space to bleed at least $21 million in crypto in February. According to DeFi-centric data anal...
BNB sides with bulls as Binance adopts safety measures to combat DeFi hacks
A Joint Anti-Scam Campaign was launched by Binance to combat crypto-related scams. High-profile hacks have eroded customers’ confidence in centralized exchanges. The world’s largest cryptocurrency ex...
Crypto Industry Continues to Experience Hacks and Exploits: Can Increased Security Measures Help?
The crypto industry has been plagued with hacks, fraud, scams, and rug pulls in the past year, with losses totaling approximately $4 billion in 2022 alone. The largest crypto hack of 2022 was the Axie...
ChangeNOW blocks $1.5M in suspicious transactions linked to supposed Algorand hacks
Non-custodial crypto exchange ChangeNOW reported that it stopped suspicious ALGO and Algorand-based USDC transactions totaling about $1.5 million, safeguarding them for further investigation. ChangeNO...
RippleX developers propose cross-chain bridge with protection against hacks
RippleX developers have proposed a cross-chain bridge with a new XRPL standard. The developers have addressed concerns related to bridge hacks, in light of the increasing attacks on cross-chain bridge...
Security team creates dashboard to detect potential NFT hacks in OpenSea
A wallet security team released a real-time dashboard that lets community members detect, track and monitor potential nonfungible token (NFT) hacks using offline signatures in the OpenSea marketplace....
Platypus salvages $2.4 million in hacked funds with BlockSec’s help
Published 50 minutes earlier on Published 2 hours and 50 minutes earlier on After the Platypus protocol was hacked yesterday, at least 2.4 million USDC was returned to the exploited platform with help...
Millions of dollars already lost to hacks in 2023
Security breaches and hacks have become a harsh reality in the rapidly growing world of cryptocurrencies. With millions of dollars worth of assets on the line, staying ahead of the game and protecting...
Crypto exploits, diverse hacks, and billions of dollars stolen in 2022: Report
In 2022, cyber criminals stole over $2.8 billion in cryptocurrency. The largest hacking incident of 2023 was February 2023’s Oracle attack. As per a 13 February report by CoinGecko, in tandem with DeF...
DeFi exploits and access control hacks cost crypto investors billions in 2022: Report
Cyber criminals used a variety of novel ways to carry out hacks and exploits in 2022, with over $2.8 billion of cryptocurrency stolen last year. According to a report from CoinGecko using data sourced...
Analysis of the hacks in crypto space of 2022- The Cryptonomist
Even though the markets have clearly been declining in the last period, 2022 was one of the worst years for the crypto world regarding as far as hacks and exploits are concerned. The industry recorded...
BlockSec Spots Suspicious Activities on BSC Network; Suspects Hacks
BlockSec identified some suspicious activities within the BSC network. The platform informed that a specific address is suspected to launch attacks by exploiting the flash loan callbacks. It also expl...
$3.8 billion stolen in crypto hacks during 2022
2022 turned out to be the biggest year in terms of crypto hacks, with as much as $3.8 billion stolen from cryptocurrency firms. Crypto hacks: 2022 is the biggest year with $3.8 billion stolen Accordin...
LayerZero CEO denies accusations of critical trusted third-party vulnerabilities
LayerZero CEO Bryan Pellegrino denied accusations that LayerZero — in connection with its Stargate bridge — has two critical trusted third-party vulnerabilities. “It’s 100% factually incor...
Lessons From Proof Founder Kevin Rose’s $1.4M NFT Phishing Experience
Kevin Rose, the CEO and founder of Proof, fell victim to an apparent phishing attack, with his hacked wallet estimated to have held rare NFTs worth millions. After the theft, Rose worked with Op...
FBI Names North Korean Groups Behind Harmony Bridge Hacks
On Monday, January 23, the Federal Bureau of Investigation (FBI) published a report confirming that two groups linked to North Korea were responsible for the $100 million hack of the Harmony Bridge la...
Wormhole exploiter converts $150 million in ETH to staked assets and levers up
Following days of inactivity, the address associated with the theft of $323 million worth of ETH from the cross-chain protocol Wormhole began shuffling assets, Etherscan records show. News of th...
Yuga Labs faces plenty of problems as lawsuits, probes, and hacks mount
Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) NFT collection, is struggling with an investigation by the Securities and Exchange Commission (SEC), a hack of its Mailchimp account, and ...
Cryptosphere lost 61% less to hacks in 2022 vs 2021
The crypto sphere lost $3.78 billion to 303 blockchain-related security incidents in 2022, which is 61% less than the $9.80 billion recorded in 2021, according to a report by SlowMist. Comparison of b...
Bitcoin in 2023: A Bitcoin market analysis, developer hacks & wallet security – BitTalk #3
In the latest episode of the “Bittalk” podcast, hosts Akiba and Nicholas Gregory discuss the state of the bitcoin market in 2023. The episode begins with Akiba asking Nicholas for his thoughts on the ...
Why DeFi should expect more hacks this year: Blockchain security execs
Decentralized finance (DeFi) investors should buckle themselves up for another big year of exploits and attacks as new projects enter the market and hackers become more sophisticated. Executives from ...
Binance aims for growth, FTX saga continues, Ripple optimistic, hacks and scams abound
The past week was a rollercoaster for crypto enthusiasts. Binance is looking to expand despite a dearth of clear competition, as evidenced in its recent job openings and growth maneuvers as the FTX an...
Top 10 Crypto Scams and Hacks of 2022
Despite cryptocurrency markets being trapped in a severe bearish recession, scams and hacks in Web3 were on fire for the entirety of 2022. A number of top-tier centralized cryptocurrency heavyweights ...
Crypto Incidents Involving Exit Scams, Hacks, and Code Exploits Reach Record Low in December 2022 According to Certik – Bitcoin News
According to blockchain security company Certik, the number of cryptocurrency incidents involving exit scams, hacks, and code exploits in Dec. 2022 was the lowest monthly figure of the year. Certik no...
Crypto Hacks Hit a Yearly Low in December to Conclude 2022
Stats by CertiK found that in December, $62.2M was lost to crypto hacks. The last month of the year marked the lowest monthly figure in 2022. The platform confirmed that the year-to-date losses surpas...
Sam Bankman-Fried’s and Alameda Research accounts still active, DeFi hacks
As 2022 came to an end, the decentralized industry saw significant moves, including former FTX CEO Sam Bankman-Fried’s bail, the U.S. Securities and Exchange Commission (SEC) sealing Hinman’s document...
More than $3 billion in crypto hacks in 2022 -…
Crypto suffered its worst ever year for hacks in 2022. Most of these hacks were on DeFi platforms which saw a third of all such activity in the last year. While certain crypto and DeFi platforms have ...
Roundup: 2022 ‘mega’ crypto hacks
According to TRM labs analysis, 2022 was a record year for crypto hacks, with about $3.7 billion worth of crypto stolen. DeFi attacks were prevalent, with approximately 80%, or $3 billion, involving D...