Some Multichain contracts on Ethereum suffered withdrawals of more than half of their deposits, causing on-chain sleuths to fear an exploit is underway. Abnormally large outflows from the Multichain MPC bridge platform are sparking fears of a multi-million dollar exploit. On July 6, observers noticed that approximately $102 million worth of crypto has been withdrawn…
Read more
The exploiter used a “panic” function buried within eight different smart contracts to remove $1 million worth of users’ funds without their permission. On June 26, decentralized finance (DeFi) aggregator Chibi Finance was exploited by its own deployer account, and $1 million worth of cryptocurrency was drained from its contracts in an apparent rug pull…
Read more
The Poly Network has been exploited again, this time due to compromised private keys, according to blockchain security firm Dedaub. Further details are coming to light following a July 2 attack on cross-chain bridge platform Poly Network, with a hacker being able to issue billions of tokens out of thin air for profit. In a…
Read more
The statement is the first major update from the wallet provider since the exploit in early June, but users are still in the dark about the actual cause. Atomic Wallet users have been left wanting more answers, despite the decentralized wallet provider finally releasing a full “event statement” about the June exploit — which some…
Read more
Decentralized finance (defi) platform Sturdy Finance was exploited on Sunday evening, losing 442 ether to an attacker. The team behind the project stated that it is aware of the reported exploit and paused markets at 10:19 p.m. ET. 442 Ethereum Worth Over $766K Siphoned From Sturdy Protocol The defi community has experienced another hack, with…
Read more
Over $45 million was lost to exit scams in May, while exploits on DeFi protocols racked up less than half that amount over the same period. The amount of cryptocurrency lost to “rug pull” or “exit scams” — where founders suddenly up and leave with investors’ money — had outpaced the amount stolen from decentralized…
Read more
The vulnerability was located in a file that translates human-readable code into machine language for storage. The Sui blockchain network quietly fixed a bug that could have put “billions of dollars” at risk, according to a May 16 announcement from Zellic, the security firm hired to audit the network’s security. Loss of Funds Bug in…
Read more
An attacker manipulated a “claim multiple” bug in a Level Finance smart contract to steal more than 214,000 LVL tokens from the exchange. Decentralized exchange Level Finance has experienced a security breach allowing an attacker to steal more than $1 million of the exchange’s native Level Finance (LVL) token. Level Finance informed its 20,000 Twitter…
Read more
Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The trading platform suspended withdrawals until early next week to conduct additional security checks and promised to compensate the affected users. Bitrue Exchange Loses Crypto Assets Due to Hot Wallet Exploit Cryptocurrency exchange Bitrue announced Friday…
Read more
According to several reports, a bug introduced to the decentralized exchange (dex) protocol Sushiswap’s smart contract has resulted in more than $3 million in losses. The blockchain and smart contract security firm Peckshield explained the exploited contract was “deployed in multiple blockchains.” Dex Platform Sushiswap Suffers From Smart Contract Exploit Over the weekend, the dex…
Read more
