With hardly a week left for the year-end, the cryptocurrency industry has been hit by yet another exploit. This time, it is the staking and farming platform Bent Finance. After confirming the breach today, Bent Finance urged investors to withdraw their funds from the platform. Another Hack or Rug Pull? It all started on Monday...Read More
The self-described compounding yield optimizer – Grim Finance – has reported being hacked in a reentrancy exploit with the attacker swiping up to $30 million worth of Fantom tokens. The DeFi protocol took it to Twitter on Sunday to inform its users about the hack. The team described it as an “advanced attack,” in which...Read More
AscendEX, a cryptocurrency exchange that recently celebrated its third anniversary, confirmed that numerous tokens were maliciously transferred out of its hot wallet earlier today. While the firm is yet to affirm the total amount stolen, early estimations show that the funds are worth roughly $80 million. The company admitted to detecting an undisclosed number of...Read More
Over the weekend, BitMart suffered a large-scale security breach. It can be counted as one of the most devastating attacks to date wherein the hackers managed to siphon off $196 million worth of cryptocurrencies after compromising a private key that opened two hot wallets. But the communities of Seychelles-based Huobi and Shiba Inu (SHIB) have...Read More
It appears that crypto lending firm Celsius Network was also affected by this week’s BadgerDAO hack. The firm reportedly lost $55 million worth of wrapped bitcoin (wBTC). Hacker Steals $120 Million worth of wBTC CryptoPotato reported over the week how hackers managed to steal around $120 million from BadgerDAO – a decentralized autonomous organization that...Read More
Bitmart has confirmed that it was hacked, with early estimations indicating that the total amount swiped is around $200 million in various cryptocurrencies. Sheldon Xia, founder and CEO of the exchange, asserted that the company has temporarily suspended withdrawals. Users on Twitter started to complain about a possible security breach against Bitmart earlier on December...Read More
Badger DAO, a protocol allowing users to use bitcoin as collateral across other DeFi projects, has been allegedly exploited. Early estimations show that the amount stolen is around $10 million. Reports started to emerge earlier today that the DeFi protocol was exploited, with the most predominant theory indicating that the hack was against Badger DAO’s...Read More
MonoX, a decentralized finance project providing single token pools, has become the latest hack victim, in which early estimations show that the perpetrators managed to take more than $30 million in various cryptocurrencies. The protocol took it to Twitter to confirm the breach, explaining that a “method in the swap contract was exploited and boosted...Read More
The United States Internal Revenue Service (IRS) released its annual report on criminal investigations, and cryptocurrencies played a starring role in the area of cybercrime. According to the IRS cybercrime unit’s report, more than $3.5 billion in cryptocurrencies were seized during 2021. This would make up to 93% of all seizures made in 2021. The...Read More
Joseph James O’Connor, one of the perpetrators of the massive Twitter hack last year, has been charged with yet another crime that involves the theft of $784,000 worth of cryptocurrencies via a SIM swapping scam. Charged With Crypto Theft Reuters reported that U.S. prosecutors in Manhattan said the fraudulent scheme, which ran from March to...Read More
Decentralized lending protocol Cream Finance has suffered a flash loan attack, losing over $130 million worth of various crypto assets. This was the third successful hack against the popular DeFi project in the past year. Cream Finance has confirmed it suffered an exploit this Wednesday through a flash loan attack, compromising mostly Cream LP tokens...Read More
Leading cryptocurrency price tracking platform CoinMarketCap (CMC) recently had email addresses of over 3 million users leaked. According to a fresh report by a website that tracks several cybersecurity threats, including hacks and compromised online accounts, about 3,117,548 email addresses of CMC users were leaked on October 12. However, the leak remained unknown until the email...Read More
The trustee responsible for handling the Mt. Gox hack and the victims’ claims has updated that the rehabilitation plan was approved by the majority of creditors. Consequently, the creditors could receive roughly $9 billion in BTC by the end of the year. Mt. Gox was once the biggest cryptocurrency exchange responsible for 70% of the...Read More
Roughly a month after getting exploited for the second time this year, Cream Finance has reported that it has recovered more than $16 million of the funds. CryptoPotato reported on August 31st this year when the decentralized finance protocol Cream Finance suffered another security breach – this time, roughly $25 million in ETH and AMP...Read More
The largest US-based cryptocurrency exchange has admitted to being exploited earlier this year when hackers stole assets from approximately 6,000 users. The company vowed to reimburse all affected users. According to a copy of the letter sent to the affected customers, which was available on the website of California’s Attorney General, the exploits took place...Read More
Fake cryptocurrency giveaway scams continue to pop up frequently, and the latest victim is the oldest bitcoin educational resource – BitcoinOrg. As of now, though, the website has been taken down, and the pseudonymous developer operating it has blamed it on Cloudflare. Earlier on September 23rd, users on Twitter outlined that the BitcoinOrg website has...Read More
A contract address belonging to the DeFi lending platform Vee finance has been exploited with the perpetrator swiping 8,800 ETH and 214 BTC. The attacker has not moved the funds yet, as Vee’s team claiming they have initiated contact to resolve the incident. The protocol announced hours ago that it had halted all services as...Read More
The cross-chain DeFi protocol, pNetwork, has informed that it has become the latest victim of a security breach. By leveraging a codebase bug, the unknown perpetrator has stolen 277 bitcoins. As announced by the team behind the project, the hacker “was able to leverage a bug in our codebase and attack pBTC” on the Binance...Read More
DeFi exploits continue as SushiSwap’s CTO Joseph Delong informed that the protocol’s token platform MISO became the victim of a supply chain attack. Early estimations show that the attacker duped more than $3 million in ETH. Delong took it to Twitter earlier on September 17th to indicate that the MISO front end “has become the...Read More
The popular DeFi protocol Cream Finance, which became the latest hack victim earlier this week, will allocate 20% of all the fees it charges to repay the affected customers. Additionally, the project has offered a bug bounty to the still unknown perpetrators and up to 50% for third parties who can assist with recovering the...Read More
Six months after getting hacked, Cream Finance – a permissionless, open-source, blockchain agnostic protocol – suffered another breach. The team reported losses of up to $25 million in ETH and AMP. PeckShield Inc., a blockchain security company, highlighted the hack a few hours ago, providing the transaction in what appeared to be a flash loan...Read More
Bilaxy, a Seychelles-based digital asset trading platform, reported earlier on August 29th that some of its wallets were compromised. While the exchange hasn’t confirmed the amount stolen yet, some estimations claim that it could be around $450 million in various cryptocurrencies. Bilaxy’s official Telegram channel saw several updates today indicating that the platform had temporarily...Read More
The Poly Network drama seems to be officially over as the hacker has returned the remaining $141 million, according to a blog post from the DeFi project. ‘Full Asset Restoration’ Begins As per the announcement, at 8:39 AM UTC, Mr. White Hat gave his private key to the 3/4 multi-signature wallet in an embedded message,...Read More
Early estimations show that some of the hot wallets belonging to Liquid Global have been compromised, with attackers swiping around $80 million in various cryptocurrencies such as BTC, ETH, XRP, and others. The Japan-based digital asset platform took it to Twitter earlier on August 19th to highlight the security breach on its systems. It indicated...Read More
In an announcement on August 16, Poly Network stated that it will soon be going live again. Additionally, Poly has teamed up with bug bounty platform Immunefi to offer $500,000 for white hats that discover smart contact flaws and code bugs. The bug bounty went live a couple of hours ago, according to Immunefi, which...Read More
After swiping more than $600 million in various cryptocurrencies, the anonymous PolyNetwork hacker has successfully transferred back most of the funds. He also rejected a $500,000 bounty offer and outlined plans to return all funds. CryptoPotato reported the record-setting hack earlier this week when PolyNetwork’s blockchain experienced a massive security breach. The anonymous perpetrator swiped...Read More
The multi-investment DeFi platform Dao Maker has become the latest victim to a security breach in the industry. The attackers have managed to affect over 5,000 accounts holding USDC. At first, Wu Blockchain took it to Twitter to indicate that the popular platform has fallen victim to a hack. The perpetrators supposedly transferred out USDC...Read More
According to the Poly Network, the hackers behind one of the industry’s largest-ever crypto heists have returned more than a third of stolen $613 million loot. In a tweet on August 12, the DeFi protocol announced that it had received $260 million returned from the attackers. It also stated that there were $353 million outstanding...Read More
The interoperability protocol PolyNetwork has been exploited on Binance Smart Chain, Polygon, and Ethereum. The perpetrators have set a record within the decentralized finance space by swiping more than $600 million from at least three wallet addresses. Earlier on August 10th, PolyNetwork announced on its Twitter account that it had experienced a security breach. Important...Read More
The cross-chain DeFi protocol THORChain suffered another major hack for $8 million. Last week the protocol was drained with a further $8.3 million in a separate attack. THORChain Got Hit Again The decentralized cross-chain exchange THORChain experienced a “sophisticated attack” on its ETH Router. The protocol announced on Twitter that this time the perpetrators drained...Read More
