Source: Pixabay / Pete Linforth Blockchain security firm CertiK says that over $116 million was lost in December to crypto scams with exploits, exits scams and flash loan attacks recording the highest figures. The firm posted the industry hack data for 2023 on X (formerly Twitter), highlighting several incidents that shaped the year, including figures…
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Several reports that have recently surfaced have revealed the extent of losses that crypto platforms and users faced during 2023 as a product of exploits and hacks. TRM Labs’ latest report states that the number ascended to $1.7 billion, while De.fi, another Web3 security firm, states that this number reaches higher, to $2 billion. Reports…
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In an X thread, Laurence Day, a former core contributor, detailed the efforts of the Indexed community in overcoming two hijacking attempts on the remaining treasury of the Indexed DAO. Indexed Finance, an Ethereum-based project that suffered a $16 million hack in 2021, has successfully thwarted two hijacking attempts. Control of the project’s decentralized autonomous…
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“On the table is a bounty equivalent to 10% of users’ funds taken from them by your hack,” said KyberSwap to its hacker in an on-chain message. The decentralized exchange KyberSwap has offered a 10% bounty reward to the hacker who stole $46 million on Nov. 22 and left a note of negotiation. The exchange…
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In the aftermath of Fantom’s $550,000 hack in October, a security researcher found that the attacker could have stolen as much as $170 million. The Fantom Foundation, a nonprofit organization developing the Fantom blockchain platform, has eliminated a significant vulnerability after a $550,000 hack in October. On Oct. 17, the Fantom Foundation suffered a hot…
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DYdX founder Antonio Juliano said it is working to find the original culprit behind the exploit and would rather pay community members who help in the investigation than the exploiter. The founder of Decentralized finance (DeFi) protocol dYdX, Antonio Juliano, took to X (formerly Twitter) to share the findings of the investigation into the loss…
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While Kronos Research is indefinitely halting trading services until internal investigations track down the culprit who stole over 12,800 ETH, the firm said that potential losses are not a significant portion of its equity. A hacker walked away with $25 million from quantitative trading firm Kronos Research after accessing its compromised API keys. On Nov.…
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The security platform released a report categorizing Web3 exploits in 2022, concluding that nearly half came from “infrastructure” or centralized elements. A new report from blockchain security platform Immunefi suggests that nearly half of all crypto lost from Web3 exploits is due to Web2 security issues such as leaked private keys. The report, released on…
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The Mango Markets exploiter’s trial was first scheduled for December 2023; however, during one of the court hearings, the accused convinced the judge to delay the trials for a few months. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments…
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A security breach has resulted in the loss of 2,675.73 XMR from Monero’s community crowdfunding wallet. The cause and source of the breach remain unidentified. A recent attack compromised Monero’s community crowdfunding wallet, wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000. The incident took place on Sept. 1 but was only…
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