The attacker will be allowed to keep the remaining 20% of exploited crypto, according to SafeMoon developers. The attacker who drained $8.9 million of Binance Coin (BNB) from SafeMoon has agreed to return 80% of the funds, according to an April 18 blockchain message from the SafeMoon team. Breaking News: #SafeMoon has struck a deal…
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The attacker reportedly manipulated the exchange rate between ERC-20 tokens and hTOKENS to steal over $7 million from the protocol. Multichain lending protocol Hundred Finance has experienced a significant security breach on the Ethereum layer-2 blockchain Optimism. According to the protocol on Twitter, the losses sit at $7.4 million. Hundred Finance announced the exploit on…
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The incident affected users who submitted a MetaMask customer service ticket between August 1, 2021 and February 10, 2023. The email addresses of some MetaMask users may have been exposed to a malicious party due to a recently discovered cyber-security incident. According to parent company ConsenSys, the incident affected users who submitted a customer support ticket…
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In determining the success of Web3, security measures like PureFi’s SafeTransact, in addition to Web3 security companies, are an approach to secure transactions from cybercriminals. The success of Web3 is dependent upon solutions to the security issues posed by distinct application structures. Web3 security companies are responsible for ensuring that blockchain-based platforms and applications are…
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Only users who have traded on the decentralized exchange in the last four days are apparently affected. A bug on a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to over $3 million in losses in the early hours of April 9, according to several security reports on Twitter. Blockchain security companies Certik…
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The Euler Finance exploit was the largest of Q1 2023, and the risk of a similar attack on other protocols remains. The March 13 flash loan attack against Euler Finance resulted in over $195 million in losses. It caused a contagion to spread through multiple decentralized finance (DeFi) protocols, and at least 11 protocols other…
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According to researchers at Trustwave Spiderlabs, a strain of malware known as Rilide is believed to be helping cybercriminals steal funds from cryptocurrency exchanges. Although the steps being taken to tackle this malware are likely to make life more difficult for cybercriminals, two researchers — Pawel Knapczyk and Wojciech Cieslak — said this alone may…
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After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion from the bank on Thursday. The following is a look at what fractional-reserve banking is and why…
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Internet users in Russia have been targeted in an email campaign advertising the launch of an alleged cryptocurrency issued by the state. Potential victims are encouraged to follow a link to the website of the fraudulent investment scheme, security experts said. Thousands of Investment Offers Entice Russians to Put Money Into Non-Existent Cryptocurrency Fraudsters have…
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Web3 security company Hacken has released the Hacken HAI Tokenomics update on March 1 — and it’s quite striking. In particular, after transforming its community into hDAO, the company plans to give away 10% of its equity for 100,000,000 HAI tokens…. Read More: Hacken Doubles Market Share with New Tokenomics Solution, Raises HAI Value…
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