On September 4th, at 9:28 pm UTC, the crypto betting platform Stake resumed its deposit and withdrawal services only five hours after a reported $40 million exploit. The incident began with multiple unusual transactions on Monday morning Eastern Time, with approximately $16 million in Ethereum, Tether, USD Coin, and DAI leaving the platform, as Web3…
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Unusually large withdrawals were made from Stake to an account with no previous activity, including $3.9 million in Tether and $9.8 million in Ether. Crypto gambling site Stake experienced $16 million in withdrawals on Sept. 4 in what security platform Cyvers Alerts is calling “suspicious transactions.” The withdrawing account has been labeled “Stake.com Hacker” by…
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Web 3 platforms have lost over $1.2 billion so far this year in hacks and rugs pulls, according to a report from web3 bug bounty platform Immunefi. The report revealed a total of 211 separate incidents contributing to this massive sum, with the month of August alone accounting for $23.4 million in losses. The surge…
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Amid swirling speculations about the third biggest bitcoin wallet, chatter has now emerged linking the fifth largest BTC wallet to the late Yevgeny Prigozhin, former owner of the Wagner private military company (PMC). However, a straightforward blockchain explorer search clearly indicates the wallet bears a label identifying it as property of the U.S. government. Nevertheless,…
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Blockchain security provider Quantstamp has unveiled an innovative tool named Economic Exploit Analysis, designed to bolster the security of decentralized finance (DeFi) protocols by detecting potential flash loan attack vectors within smart contracts. As per the Quantstamp’s announcement, the automated tool aims to identify vulnerabilities in the code of protocols that might be susceptible to…
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Cypher announced that losses from its exploit will be distributed among users in an initial stage, then compensated through protocol revenue when the platform relaunches. Crypto trading platform Cypher has published a plan to recover from its $1 million exploit, stating it will “socialize” losses across the platform in an initial stage of the recovery.…
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Co-founder and managing partner at Blockchain Capital, Bart Stephens, has taken legal action against an unidentified hacker who allegedly stole $6.3 million worth of cryptocurrencies from his digital wallets, Forbes reported. Stephens claims Jane Doe exploited a SIM-swap vulnerability, manipulating personal information sourced from the dark web to bypass security protocols with the cellular network…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable its Operator Filter, Taiwan Proposes Business Category for Crypto Firms to Self-regulate &…
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Optimism-based decentralized crypto lender Exactly Protocol suffered a bridge exploit as it lost as much as $12 million worth of ETH earlier today. Blockchain security firm De.Fi reported that the hacker used an exploiter contract on Ethereum that transferred deposits to Optimism before ultimately bridging stolen funds back to Ethereum. The total value locked on…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Polygon Labs and Mobile Giant SK Telecom Sign a Web3 Deal, Coinbase Partners With Trustly for Payments in Canada, Singaporean Police Arrest Ten Foreigners and Seize Crypto Read…
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