Source: Pixabay Financial app developer Telcoin has restored all user balances two weeks after an exploit led to $1.2 million worth of funds being drained from users’ accounts. In an email to CryptoNews, Telcoin noted that it had restored all user balances, fixed the vulnerability, and completed an external audit of its contracts. In its…
Read more
Orbit Bridge, an inter-blockchain bridging protocol, has confirmed that it was recently exploited, losing over $81.5 million in several assets, including USDT, DAI, USDC, WBTC, and ETH. Orbit Chain is trying to communicate with the group responsible for the attack and has asked cryptocurrency exchanges to freeze stolen assets.
Orbit Bridge Hacked, Losses Registered…
Read more
Source: AdobeStock / Sergey Nivens Decentralized finance (DeFi) protocols Yearn.finance has called on arbitrage traders to return excess profits they accrued as a result of a multi-signature scripting error that led to a $1.4 million drain. In a Dec 11 GitHub post, the protocol’s contributor, “dudeshan” disclosed that during a fee token conversion, the multi-signature…
Read more
By exploiting a bug, the attacker caused liquidity to be “double-counted,” allowing them to get an unfair price for a swap. The attacker who drained $46 million from KyberSwap relied on a “complex and carefully engineered smart contract exploit” to carry out the attack, according to a social media thread by Ambient exchange founder Doug…
Read more
The DEX aggregator has been exploited across multiple blockchains with millions in wrapped Ether and other assets stolen. Around $46 million in various crypto assets has seemingly been drained from the decentralized KyberSwap exchange in the latest decentralized finance exploit. On Nov. 23, the Kyber Network team alerted its users stating in an X (Twitter)…
Read more
A Bitcoin dev unveiled a decentralized file hosting service for the blockchain, while $27 million was stolen from a Binance-linked hot wallet. Bitcoin gets a decentralized file-hosting service A Bitcoin developer has introduced a new decentralized file hosting solution that offers an alternative fee model to existing solutions that have run into “computational overhead” issues.…
Read more
The exploiter of the Web3 social media platform agreed to keep a 10% bounty in exchange for returning the remainder of the stolen funds. Web3 social media platform Stars Arena says it has recovered nearly all of the crypto stolen from an Oct. 7 exploit — minus a 10% bounty to the person responsible. In…
Read more
Stars Arena announced that attackers were draining funds through a loophole, but the contract has been patched to prevent further damage. The Stars Arena Web3 social media app on Avalanche has lost some of its funds due to a malicious attack, according to social media reports. Stars Arena user Lilitch.eth discovered the exploit on Oct.…
Read more
According to cybersecurity firm Group-IB, weaponized ZIP file archives were being shared on crypto trading forums, with each one containing a nasty surprise. The developers behind file compression software WinRAR have patched a zero-day vulnerability that allowed hackers to install malware onto unsuspecting victims’ computers, enabling them to hack into their crypto and stock trading…
Read more
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.…
Read more
