In August, approximately $310.9 million was lost to exploits, hacks, and scams. However, digital assets worth $10.3 million were recovered, resulting in a net loss of $300.6 million. According to the security firm Certik, this is the second-highest monthly loss in 2024 so far. While May had the highest exploit total loss of just over…
Read more
Radiant Capital, a decentralized finance (defi) platform, confirmed on Jan. 3, 2023, that it fell victim to an attack which saw the “protocol accruing bad debt in the WETH market, totaling about 1.3% of total protocol TVL” or $4.5 million. Radiant Capital has urged the hackers to establish contact with the defi platform before law…
Read more
The U.S. Justice Department’s top crypto cop said that it was a “pretty significant issue,” given the rise of North Korean “state-sponsored hackers.” The United States Department of Justice’s (DOJ) crypto tsar is cracking down on Decentralized Finance (DeFi) hackers and exploiters amid a four-year rise in illicit crypto activity. In a Financial Times report published…
Read more
The compensation process is expected to start next week, starting with users who had funds on the bridge “shortly before the shutdown.” Users with funds stuck on the multi-chain token bridge provided by Allbridge are first in line to receive compensation under a recovery plan posted by the project following a recent exploit. In an…
Read more
The flash loan exploiter claims they have “no intention of keeping what is not ours” and wants to “come to an agreement” with Euler Finance. Ethereum-based lending protocol Euler Finance could be a step closer to recovering funds stolen in a $196 million flash loan attack last week, with private discussions now initiated with the…
Read more
On Monday, the Polygon-based decentralized exchange (dex) Quickswap lost $220K in a flash loan exploit and following the attack, the team detailed the Quickswap Lend platform will be terminated. Quickswap Hacked for $220K, Dex Project Sunsets Lending Platform 2022 has been quite the year for decentralized finance (defi) hacks as billions have been stolen due…
Read more
During the last 24 hours, the cryptocurrency community has been discussing the launch of a new token called apecoin (APE), released by the newly-formed Apecoin DAO. At launch, the token exchanged hands for $10.36 per coin, but dropped more than 40% to $6.21. Since the token’s all-time low and Bored Ape Yacht Club (BAYC) owners…
Read more
Co-founder Josh Fraser said he hopes the compensation plan will help build trust among users as the project moves forward. Origin Protocol, a DeFi stablecoin project, will begin accepting claims from users who were affected by a $7 million exploit that occurred back in November 2020. According to a blog post from Origin on Jan.…
Read more
