LCX loses $6.8M in a hot wallet compromise over Ethereum blockchain

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Liechtenstein-based crypto exchange LCX has confirmed the compromise of one of its hot wallets after temporarily suspending all deposits and withdrawals on the platform. The hack was first identified by...

ImmuneFi report $10B in DeFi hacks and losses across 2021

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Decentralized finance, or DeFi, security platform and bug bounty service ImmuneFi published an official report on Thursday, which calculated the total volume of losses in the cryptocurrency markets in...

Airdrop culture could pose integral threat to DeFi industry

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EtherWrapped, a project designed to provide a yearly summary of users nonfungible token (NFT) activity, launched a little over eight hours ago to palpable fanfare within the crypto community....

Polygon upgrade quietly fixes bug that put $24B of MATIC at risk

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Ethereum-based layer-two scaling network Polygon has quietly fixed a vulnerability that put almost $24 billion worth of its native token, MATIC, at risk. According to a Wednesday blog post from...

Metaswap Gas incommunicado as experts link MGAS price drop to rug pull

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Blockchain security company PeckShield has alerted investors of a possible rug pull event after identifying a massive 46.99% price drop on MetaSwap’s MGAS token. The MetaSwap protocol allows nonfungible...

‘There are over $100 billion lost in crypto,’ says KeychainX CEO

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With the growing number of wallets, blockchains and users the industry sees every month, the question of security becomes a top priority for the users.We talked to Robert Rhodin,...

Hong Kong NFT project Monkey Kingdom loses $1.3M in phishing hack, launches compensation fund

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On Tuesday, Solana nonfungible token (NFT) project Monkey Kingdom, which has received notable backing from American DJ Steve Aoki, announced via Twitter that hackers made off with $1.3 million...

Bent Finance confirms pool exploit, advises investors to withdraw funds

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Staking and farming platform Bent Finance has become the sixth crypto establishment to get hacked this December. The acknowledgment of the attack was followed by requesting investors to withdraw...

DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

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The decentralized finance (DeFi) protocol Grim Finance reported $30 million in losses due to a reentrancy exploit of the platform’s deposits.Grim Finance officially announced on Saturday that an “external attacker”...

3 reasons why Nexus Mutual (WNXM) price is holding steady in a volatile market

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There are always going to be risks involved when interacting with cryptocurrencies, and recent proof of this can be seen over the past few weeks after savvy hackers managed...
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