The cryptocurrency exchange Rain, which focuses on the Middle East, was likely exploited for $14.8 million on April 29, according to online crypto investigator Zachxbt. Zachxbt says he traced the stolen funds to a bitcoin address with 137.9 bitcoins and an ethereum address holding 1,881 ether. Crypto Exchange Yet to Confirm Attack According to online…
Read more
The Mango Markets hacker, Avraham Eisenberg, was found guilty on Thursday in a Manhattan federal court for orchestrating a scheme that resulted in the theft of approximately $110 million from the Solana-based DeFi platform. Prosecutors argued that Eisenberg orchestrated a complex exploit on the platform, leading to substantial financial losses. Eisenberg, who has been in…
Read more
Hedgey Finance suffered a devastating blow on April 19 when two simultaneous exploits drained $44.7 million from the token infrastructure platform. During the two-hour attack, the hacker utilized the ‘createLockedCampaign’ function with flash-loaned funds across multiple blockchains. Hedgey Finance Hacked: $1.9 Million Stolen on Ethereum, $42.8 Million on Arbitrum Cyvers reported that Hedgey Finance suffered…
Read more
Prisma Finance has unveiled a strategy to cautiously restart operations following a hack that resulted in a loss of $11.6 million and prompted a temporary pause of the platform on March 28. Reinstating borrowing capabilities on Prisma hinges upon achieving consensus through an ongoing community vote. Prisma Finance Exploited for $10 Million: Recovery Efforts and…
Read more
In a recent development, renowned blockchain investigator ZachXBT has been appointed one of four custodians for a multisig wallet holding the hacked user funds of the GameFi protocol Munchables. We’re on the final steps with the lockdrop refunds. As part of our next phase, we have restructured the team completely. We have brought in established…
Read more
Prisma Finance, a leading decentralized finance (DeFi) protocol, was the victim of a sophisticated hack involving the FixedFloat exchange, which resulted in a loss of $9 million. The protocol team has acknowledged the breach, and their engineers have already halted the DeFi protocol to investigate the attack. Prisma Finance Hit by $11 Million Exploit, Security…
Read more
Playdapp, a Web3 gaming platform, recently confirmed that it was a victim of a hacking incident which saw criminals mint tokens worth approximately $31 million. Playdapp said it has offered to reward the hackers if they agree to return the stolen assets and contracts. Crypto Exchanges Urged to Block Compromised PLA Tokens Playdapp, a Web3…
Read more
The hacker drained a number of pools on Curve Finance, stealing roughly $70 million, but has gradually started returning funds to various projects. Nonfungible token finance (NFT-Fi) protocol JPEG’d has confirmed that 5,495 Ether (ETH), worth roughly $10 million at current prices, has been returned by the Curve Finance hacker. In exchange for returning the…
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
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
