Collaborate Disseminate
The Ronin Bridge attack has drawn attention to how DeFi projects can be weaponized in national security threats.
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But who’s in charge has become a game of hot potato.
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A hacker stole $320 million worth of Ethereum cryptocurrency from a decentralized finance platform Wormhole on Wednesday. The attack is the largest against the cryptocurrency industry so far in 2022 and one of the top hacks of the industry to date. As of Thursday morning, all of the stolen funds were “restored,” the trading platform was back up, and an incident report was coming soon, according to tweets by the company. The vulnerability used by the attacker had been fixed, Wormhole said late Wednesday. The platform allows users to send Ethereum and Solana cryptocurrencies across two different blockchains. A preliminary analysis of the attack by blockchain security firm CertiK shared with CyberScoop found that the hacker was able to exploit a vulnerability that allowed it to create a fake Solana transfer that it used to claim real Ethereum. “We seem to be at an awkward point where the demand for […]
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Cryptocurrency-based crime hit a new all-time high in 2021, researchers at Chainalysis said in a report published Thursday. According to the report, illicit addresses tracked by Chainalysis received $14 billion in deposits over the course of 2021, almost double the amount they collected in 2020. Rather than digital extortion, though, Chainalysis found it was actually cryptocurrency-related scams, namely investment-related fraud, and straight theft that saw the biggest jumps in 2021. Illicit revenue from scams rose by 82% in 2021 to $7.8 billion worth of cryptocurrency. Researchers attribute a large part of the growth to a boom in so-called “rug pulls,” a fraud scheme in which developers set up seemingly legitimate cryptocurrency projects with the intent to steal investors’ money and disappear. Of the over $2.8 billion lost to rug pull scams, roughly 90% can be attributed to an Istanbul-based exchange Thodex, whose CEO disappeared with users’ funds. But there are […]
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By Waqas
The hack took place after one of the bZx’s employees was sent a phishing email embedded with a malicious macro hidden in an MS word document,
This is a post from HackRead.com Read the original post: Hacker stole $55M worth of crypto from DeFi … Continue reading Hacker stole $55M worth of crypto from DeFi lender bZx via phishing
By Waqas
As per Poly Network hackers exploited a vulnerability in contract calls where a contract can modify the keeper of a contract, execute transactions.
This is a post from HackRead.com Read the original post: Hackers steal $600 million in largest… Continue reading Hackers steal $600 million in largest ever cryptocurrency heist
By Habiba Rashid
DODO is a decentralized exchange built on the proactive market maker algorithm that runs on Ethereum and Binance Smart Chain (BSC)
This is a post from HackRead.com Read the original post: Hackers steal $2.3 million from Defi Protocol D… Continue reading Hackers steal $2.3 million from Defi Protocol DODO
By Deeba Ahmed
Harvest Finance is now offering $100,000 as a bug bounty program to identify the hacker.
This is a post from HackRead.com Read the original post: Hacker steal $24M, returnes $2.5M to DeFi protocol Harvest Finance
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