$160M stolen from crypto market maker Wintermute
Wintermute, a cryptocurrency market maker based in the United Kingdom, became the latest victim of decentralized finance (DeFi) hacks, losing approximately $160 million, according to Evgeny Gaevoy, the company’s founder...
ETHW confirms contract vulnerability exploit, dismisses replay attack claims
Post-Ethereum Merge proof-of-work (PoW) chain ETHW has moved to quell claims that it had suffered an on-chain replay attack over the weekend.Smart contract auditing firm BlockSec flagged what it...
Profanity tool vulnerability drains $3.3M despite 1Inch warning
Decentralized exchange aggregator 1inch Network issued a warning to crypto investors after identifying a vulnerability in Profanity, an Ethereum (ETH) vanity address generating tool. Despite the proactive warning, apparently,...
Crypto insurance a ‘sleeping giant’ with only 1% of investments covered
While on-chain insurance has been around since 2017, only a measly 1% of all crypto investments are actually covered by insurance, meaning the industry remains a “sleeping giant,” according...
Entrepreneurs must learn to tackle business risks in the Metaverse
Hyped as it is, the Metaverse remains largely undefined. It’s a challenge to answer the question “What is the Metaverse?” in part because its definition depends on whom you...
DApp activity rises 3.7% in August for the first time since May: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.Decentralized applications, or DApps,...
The Sandbox’s Instagram account compromised, hackers try to rent BAYC NFTs
Metaverse platform The Sandbox saw its Instagram profile hacked and used to try and rent out Bored Ape Yacht Club nonfungible tokens (NFTs) from a number of users on...
Polygon CSO blames Web2 security gaps for recent spate of hacks
Polygon chief security officer Mudit Gupta has urged Web3 companies to hire traditional security experts to put an end to easily preventable hacks, arguing that perfect code and cryptography...
DeFi protocol token NFD crashes by 99% after a flash loan attack
New Free DAO, a decentralized finance (DeFi) protocol, faced a series of flash loan attacks on Thursday, resulting in a reported loss of $1.25 million. The price of the native...
FBI seeks Bitcoin wallet information of ransomware attackers
Three federal agencies in the United States — the Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency and the Multi-State Information Sharing and Analysis Center —...
