More than $1.6 billion exploited from DeFi so far in 2022
The decentralized finance (DeFi) space has been rife with hacks, exploits and scams so far this year, with over $1.6 billion in crypto stolen from users, surpassing the total...
Polkadot launches cross-chain messaging system to solve blockchain’s bridge problem
Blockchain platform Polkadot has launched a new cross-chain communications protocol, saying it will do away with cumbersome bridging mechanisms that have cost the crypto industry billions in cyber attacks. The...
Rari Fuze hacker offered $10M bounty by Fei Protocol to return $80M loot
Decentralized finance (DeFi) platform Fei Protocol offered a $10 million bounty to hackers in an attempt to negotiate and retrieve a major chunk of the stolen funds from various...
Plan for $1M bug bounties and double the nodes in wake of $600M Ronin...
The Ronin Network and Sky Mavis have vowed to upgrade their smart contracts, offer lucrative bug bounties and ramp up security following the $600 million hack late last month....
STEPN impersonators stealing users’ seed phrases, warn security experts
Peckshield, a prominent blockchain security firm, exposed the existence of numerous phishing websites for the Web3 lifestyle app STEPN on Monday. Hackers insert a forged MetaMask browser plugin through...
Bored Ape Yacht Club NFTs stolen in Instagram phishing attack
As told by Bored Ape Yacht Club (BAYC) developers on Monday, hackers breached the popular nonfungible token (NFT) collection’s official Instagram page and shared links to a fake airdrop...
Finance Redefined: Hacker bungles DeFi exploit, dYdx’s decentralization goals, and more
The decentralized finance (DeFi) ecosystem was filled with ups and downs —mostly the latter— this week, with two very distinct hack attempts and a heartbreaking departure of a DeFi...
Hacker bungles DeFi exploit: Leaves stolen $1M in contract set to self destruct
In a rare comedic bungle among decentralized finance (DeFi) exploits, an attacker has fumbled their heist at the finish line leaving behind over $1 million in stolen crypto.Just after...
In a first, Treasury Department sanctions major cryptocurrency mining firm
Written by Tonya Riley Apr 20, 2022 |...
Beanstalk Farms offers plea deal to perpetrators of $76M exploit
Beanstalk Farms, a credit-based stablecoin protocol exploited for around $76 million in crypto on April 18, has offered a bounty of 10% if the attackers return the funds. The offer...
