Tag: DeFi Hacks News
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Inside Solana’s ‘Textbook’ Response to Exploit
Crisis Management Becomes a Key Exercise as Crypto Exploits Mount
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Blockchains Wrestle with ‘Significant Threat’
Nomad Hack Exposes Weakness of Cross-Chain Bridges
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Nomad ‘Crowd-Looting’ Triggers Exodus From Other Blockchains
Latest Hack Further Exposes Vulnerabilities in Bridge Protocols
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North Korea’s Lazarus Group Linked to $100M Harmony Bridge Hack
Cross-Chain Bridges Prime Targets for Exploits
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Harmony Hacked, Yuga Strikes, Blockfi on the Rocks
Yes, we’re back from New York City and back into the grind of a market that has recovered a smidge of its dignity, total cryptocurrency market cap poking its head back above a trillion once again. For how long, well we’ll have to see. And with no prospect of the Fed easing off on rate […]
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Spate of Exploits Snares Rari Capital and Saddle Finance for $90M
Escalation of Malicious Attacks Shows No Sign of Abating
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Phishing Exploit Pinches 60 NFTs From Top Collector
The hack made off with CloneX and Azuki works.
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Pseudonymity is a meme
Alright ya beautiful lovelies, CryptoFirstNewsBadger here filling in for yer regular old presenter. And I know you’re thinking you look just like him. You sound just like him and you probably saw me getting me groceries at t’same superstore in t’same town at t’same time. But I assure you I am someone completely different and […]
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Jump Crypto Replaces Over $320M of Wormhole Wrapped ETH in DeFi Bailout
Wormhole, a bridge which facilitates asset transfers across seven different blockchain, got hacked on Feb. 2 to the tune of over $320M as a hacker minted 120,000 worth of a version of wrapped Ethereum on Solana. One day later, the funds are back.
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Rug-Pullers and Black-Hats Ran Wild in 2021 With $2.2B Lost to Theft: Report
Exploiters, rug-pullers and other rogues ran wild in 2021 and stole $2.2B in DeFi: Report
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Crypto Trends to Lookout for in 2022
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Questions Swirl as Solana Loses a Fifth of its Value in Seven Days
Solana, a DeFi darling that vaulted into the fifth most valuable cryptocurrency, has taken the biggest hit of major tokens in the last seven days.
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DeFi Insurer Nexus Mutual Weighs Whether to Pay Out on BadgerDAO Hack
Controversy has erupted in the wake of the BadgerDAO hack as insurer Nexus Mutual is waiting for a postmortem before making payouts.
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Aave Set to Disable Borrowing on xSushi and DPI Citing Potential Exploit
Aave token holders are voting to patch a vulnerability to DeFi’s biggest protocol by assets locked.
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Anubis DAO Descends Into the Underworld After $60M Exploit
Anubis DAO, a recently launched fork of Olympus DAO, is engulfed in chaos after 13.6K ETH ($60M) was drained from the protocol today.
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CREAM Finance Exploited for $130M in DeFi’s Third-Largest Hack
DeFi lending protocol CREAM Finance has been exploited for over $100M, according to data compiled by security firm Peckshield.
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Victims of $30M Parity Wallet Hack Offer Attacker $60M ‘Bounty’
The victims of a 2017 hack – Aeternity, Edgeless, and Swarm City -have offered a bug bounty to recover their stolen ETH.
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2020 DeFi Recap (So Far)
This is The Defiant x Harmony, a weekly series brought to you by Harmony Protocol’s Creative Director, Robin Schmidt, and Camila Russo, the founder of The Defiant, to explore DeFi’s most important stories and demystify this exciting emerging financial space.
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Inside the Hunt for the Jay Pegs Auto Mart Thief and 865 ETH
It took the team at Jay Pegs Auto Mart basically zero time to identify and find the hacker responsible for stealing the proceeds from their auction of DONA tokens on SushiSwap’s MISO platform Thursday night. “It only took us five minutes to figure out who he was,” BasedMoneyGod, a salesman at Jay Pegs told The […]
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Protect Yourself From Smart Contract Exploits with Sherlock
Sherlock is a risk management platform designed to provide DeFi protocols with affordable, reliable coverage against smart contract exploits starting from Day 1.
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CREAM Finance Attack Leads to $23 Million Loss in AMP and ETH
New token standards introduce complexity that DeFi applications are still learning how to grapple with. Prime example: Money market CREAM Finance was hit with a reentrancy attack on Aug. 30 that allowed attackers to drain $22.8 million in Flexa’s AMP token and $4.2 million worth of ETH (based on market prices in mid-morning trading Monday). […]
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Hackers Wanted: $1M Bounties Entice White Hats to Hunt for DeFi Bugs
Should I just steal the money? There’s a vulnerability in the code… Of a DeFi protocol with $3B in TVL. I was just looking at the open-source code for fun. But now, it’s serious. There’s a bug bounty, a reward that pays out $10K to anyone who finds a major weakness. But exploiting this vulnerability […]
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Poly Network Hacked For Over $600M In Biggest DeFi Exploit Ever
At 6am ET on August 10, over half a billion dollars worth of crypto assets were stolen from Poly Network, a cross-chain protocol that facilitates token swaps across multiple blockchains including Ethereum, Binance Smart Chain and Polygon. With the total drained at $600M, this is the biggest DeFi hack in history, dwarfing the $59M EasyFi […]
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$YFI at One. Remembering One Hell of a Year.
YFI launched in 2020 as one of the most memorable DeFi protocols ever with its fair launch, tiny token supply and reluctant anti-hero Andre Cronje as a pivotal figure in just doing things differently. Since then $YFI has suffered hacks, merged, purged, grown, shrunk but above all endured as a genuinely decentralized home for those […]
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DeFi Traders Lost More Than $11M Across Two Weekend Hacks
Over the weekend, DeFi traders lost more than $11M across two hacks on Binance Smart Chain (BSC). On July 10, Anyswap, a decentralized cross-chain protocol, suffered a hack worth nearly $8M of USDC and MIM (Magic Internet Money), a lesser known stablecoin. The exploit happened in the protocol’s new V3 cross-chain liquidity pools. According to […]
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DeFi100: Hack or Rug Pull?
The defacing of the website for DeFi100-Rebase, a Binance Smart Chain-based index token, has sparked a flurry of speculation about a possible heist and a brazen rug pull. On May 22, a message materialized on the DEFI 100 website homepage reading: “WE SCAMMED YOU GUYS AND YOU CANT [sic] DO SHIT ABOUT IT HAHA…All you […]
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xToken DeFi Project Hacked For Over $25M
xToken, a project which automates staking and liquidity strategies and wraps them into ERC-20 tokens, has been hacked to the tune of ~$25M. The attack resulted in xToken’s TVL dropping by roughly 30% to $63M, according to DeFi Llama. The xSNXa and xBNTa token contracts, for which xToken automates the staking strategies as well as […]
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Red Flag Alert: A Framework for Vetting Crypto Projects Part II
With hacks and exploits breaking every week in DeFi, participants are undoubtedly asking where to look for red flags, how to protect their investments and how to vet projects. In this three-part series, we provide a framework to help with just this. Part I analyzed Tokenomics, Part III will analyze mental frameworks, and Part II […]
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$22 Million Was Stolen From Three Defi Platforms Last Weekend
While most of the DeFi community had their eyes glued to the ETH rally over the weekend, hackers took the opportunity to steal mooning assets through several protocol exploits. From Wednesday through Saturday, exploits occurred across three different protocols—Rari Capital, Value DeFi, and within Larva Labs’ Meebits NFT project—resulting in over $22M worth of stolen […]
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Upstart AMM Uranium Finance Suffers $50M Hack, Second Attack in a Month
Uranium Finance, an automated market maker on Binance Smart Chain, suffered its second hack this month, this time to the tune of $50M. The hack is due to a misstep in code modification which allowed the hacker to exchange one unit of an input token for 98% of the value as output according to Kyle […]