Etana Custody, a firm that services Kraken with fiat funding, has reported a breach in which no user funds were impacted. Etana Custody, a custody firm that provides fiat funding services to the major cryptocurrency exchange Kraken, was reportedly breached on April 18. Despite an unauthorized party infiltrating Etana’s system, a spokesperson from the company…
Read more
DeFi platform PegNet appears to have suffered a 51% attack in which four of the network’s top miners fraudulently created $6.7 million in stablecoins. Drama continues to plague decentralized finance (DeFi), with Factom-based stablecoin network PegNet appearing to suffer a 51% attack that resulted in $6.7 million worth of the USD-pegged stablecoin pUSD being fraudulently…
Read more
Details of the dForce hack led to many in the DeFi community to question the security practices of the firm, which many believe cloned Compound’s code. The hacker who stole $25 million in crypto on April 19 from decentralized finance, or DeFi, protocol, dForce, has since returned the money. Most signs indicate that this was…
Read more
The hacker behind the recent theft of $25 million from DeFi platform Lendf.me has leaked important data about himself, and is already signaling for peace. The world of decentralized finance (DeFi) suffered yet another incident on April 19 as Chinese lending platform Lendf.me, part of the dForce network, was drained of almost all of its…
Read more
Leading Chinese DeFi protocol has lost 99.95% of locked funds in a nearly $25 million hack. Chinese decentralized finance, or DeFi, protocol dForce has been exploited in a $24.95 million hack that has resulted in its Lendf.Me lending platform going offline. According to DeFi data aggregator DeFi Pulse, the total value of funds locked in…
Read more
Crypto investor Michael Terpin has filed an opposition to telecom giant AT&T’s motion to strike out his $200 million punitive damages claim in the long-running SIM swap case. Crypto investor Michael Terpin has filed an opposition to telecom giant AT&T’s motion to strike out his $200 million punitive damages claim in the long-running SIM swap…
Read more
North Korean crypto and cyberattacks still in the crosshairs of several U.S. agencies, who have issued a new advisory against the regime’s cryptojacking and hacking programs. Several United States agencies issued what they call comprehensive guidance on North Korea’s cyber attacks, which have hacked cryptocurrency exchanges and used cryptojacking and ransomware to finance the regime.…
Read more
A ransomware group switched from Bitcoin to Monero to better protect the hackers’ identities. A kind of ransomware — a malware that encrypts user data and asks for a ransom to restore access to it — switched from Bitcoin (BTC) to Monero (XMR) to better protect the hackers’ identities. According to an April 11 report…
Read more
The upcoming MakerDAO auction is set to cover the protocol’s losses during the March 12 Ethereum price crash, with its success being critical for the stability of DeFi. The MakerDAO (MKR) community has locked in an auction to cover a multi-million dollar hole in DAI collateral after the sudden Ethereum (ETH) price crash on March…
Read more
MakerDAO’s loss of more than $5 million over a technical issue raises questions on the stability of the DeFi ecosystem, as a string of attacks threatens Ethereum. Thursday’s market meltdown left MakerDAO (MKR) with a $5 million hole that the project is now scrambling to fill. As this is just the latest in a series…
Read more
