In response to a substantial hacking incident on October 31, Unibot, a decentralized trading platform, has confirmed total compensation for users negatively impacted by the event. Despite a recent decrease in the value of Unibot tokens, the company remains confident of a strong recovery. Unibot Makes Traders Full As per reports, the attack led to...Read More
Frax Finance, a prominent decentralized cross-chain protocol, has warned its users, urging them not to use the frax.finance and frax.com domains until further notice. The company’s founder, Sam Kazemian, has advised caution, emphasizing resolving the domain name issue before resuming normal operations. Frax Finance Faces Domain Hijacking The incident occurred early Wednesday when Frax Finance’s...Read More
Telegram chatbot Unibot has lost around $640,000 worth of digital assets after a hacker managed to exploit a vulnerability in the newly deployed contract. The team behind the protocol said that it is currently investigating the issue and will soon release a detailed response. PeckShield reported that the attacker transferred the pilfered cryptocurrency to Uniswap,...Read More
Stars Arena said that the platform’s CEO Chill Pill, resigned from their position, a move that comes nearly a month after the decentralized social finance (SocialFi) application suffered a major smart contract exploit. Meanwhile, the protocol’s total value locked (TVL) currently stands at a little above $300,000, a significant decrease from a TVL of nearly...Read More
Maestro, one of the largest Telegram bot projects in the crypto ecosystem, fell victim to a critical security breach earlier today, resulting in the unauthorized transfer of more than 280 ETH, amounting to a staggering $500,000, from user accounts. The breach stemmed from a critical vulnerability discovered in its Router2 contract, leaving the project in...Read More
According to ChainArgos, a blockchain intelligence firm, the situation surrounding TEURO has become increasingly complex. TrueUSD, the stablecoin company responsible for currencies like TUSD and TGBP, has publicly stated that they have no association with TEURO. However, it is undeniable that the TEURO contract was deployed using one of TrueUSD’s private keys, ChainArgos says. TrueUSD...Read More
Two years after James Zhong was apprehended for stealing 50,000 bitcoins (BTC) from the dark web marketplace Silk Road in 2012, stories of events that led to his arrest have emerged. According to a CNBC report, Zhong was a computer expert who lived a luxurious life. He drove expensive cars, including a Tesla, partied a...Read More
The Fantom Foundation has been drained of hundreds of millions of dollars from its crypto wallets by a phishing scammer, according to blockchain security firm CertiK. Fantom is a smart contract and Dapp platform focused on enhanced speed, making transactions more efficient than other layer-one blockchains like Ethereum. Tuesday’s hack affects only the Fantom Foundation...Read More
Beluga, a Multichain AMM protocol, recently fell victim to a malicious hacking attack that scooped about $175K in crypto a few hours ago. This is just the latest hacks and cyber attacks that have been clouding the crypto space in 2023, stealing over a billion. Beluga Protocol Attacked As per the reports, this attack targeted...Read More
As FTX and its disgraced founder, Sam Bankman-Fried’s courtroom drama continued to unfold in Manhatten, revealing astonishing details that led to the crypto giant’s unraveling, elsewhere, the trail of stolen funds from the exchange has been found to have a Russian connection. FTX filed for bankruptcy on November 11, 2022. Later that day, the exchange...Read More
The most significant flash loan attack in the BNB Chain was reported on Oct. 11 when an MEV bot made a massive arbitrage profit of $1.575 million. The attack, which passed through the Pancakeswap DEX network, only cost the perpetrating bot a fee of $4.16, leaving them with humongous profits. Large Single Flash Loan Attack...Read More
Avalanche-based social app Stars Arena has recovered almost all the assets it lost during a recent security breach. According to an official update from the Stars Arena team, the hacker agreed to return the stolen $2.9 million in AVAX tokens for a 10% bounty and 1,000 AVAX lost in a bridge. Stars Arena Recovers Lost...Read More
Galxe, a Web3 credentials and rewards platform, has taken measures to reassure its community in response to last week’s DNS attack. The platform announced a refund totaling slightly over $396,000 for over 980 affected users, along with an additional 10% compensation on the lost funds. The funds of impacted users will be automatically returned to...Read More
Ethereum, the second-largest blockchain network, suffered a substantial setback through a sandwich attack, losing over $9K. This data underscores an increasing problem of sandwich attacks in the crypto sphere, with over $1.3 million lost through such schemes in the past 30 days on the Ethereum chain. The Sandwich Attack According to Eigenphi’s data, on Oct....Read More
The team at Friend.tech is taking a significant step towards bolstering user security by introducing a two-factor authentication (2FA) password feature. This security enhancement aims to protect users from the increasing threat of SIM-swap attacks, which have plagued the platform recently. Friend.tech Introduces Two-Factor Authentication (2FA) Passwords The move comes as a response to a...Read More
Upbit, a South Korean cryptocurrency exchange, faced over 159,000 hacking attempts during the first half of 2023, as reported by its operating company, Dunamu. This figure represents a significant surge, with a 117% rise compared to the same period in 2022 and an astounding 1,800% increase compared to the first half of 2020. Upbit is...Read More
Galxe, a Web3 credential project, instructed users not to interact with the platform following a security breach on its website. Meanwhile, on-chain sleuth ZachXBT says the hackers are likely the same as the rogue actors that recently attacked Balancer’s front end. Galxe reported the security incident via its official X handle on October 6, asking...Read More
The hacks against cryptocurrency projects continue in full force, with the latest victim being the Avalanche-based social app – Stars Arena. According to early estimations, the perpetrators have swiped almost all funds (roughly $2.9 million in AVAX) from the platform, which later apologized and raised hopes to make users whole again. Launched about a week...Read More
The lone scammer has managed to abscond with approximately $385,000 worth of Ether (ETH) in under 24 hours. This incident forms part of a string of SIM-swapping hacks targeting users of the popular platform Friend.Tech. Scammer Steals 234 ETH in Less Than 24 Hours Blockchain investigator ZachXBT took to X on Oct. 5 to report...Read More
In a fresh wave of money transfers, the notorious FTX account drainer has caused significant disruption in the crypto community by moving a total of 60,000 ETH from 4 wallet addresses since late September. As per reports, the wallets that just a few days ago held close to 200K ETH now have a balance of...Read More
In a recent string of incidents, users of FriendTech (FT) have reported instances of unauthorized access to their accounts, resulting in the theft of their valuable digital assets. These security breaches have raised significant concerns regarding the vulnerabilities of the centralized service, prompting SlowMist’s founder to issue a warning about the inherent risks associated with...Read More
The crypto market may have failed to post a bullish breakthrough in September, but that did not stop malicious entities from stealing funds. According to the latest stats by CertIK, approximately $332 million in various digital assets has been lost to exploits, hacks, and scams in September September Sees Record-Breaking Losses Funds pilfered by exit...Read More
As FTX faced its dramatic collapse, a mysterious hacker absconded with hundreds of millions of dollars. 10 months later, on-chain data unveiled some fresh activity within the wallet of the alleged perpetrator. The identity of the individual responsible and the precise technique employed in the multi-million dollar hack continued to remain shrouded in mystery before...Read More
Earlier this week, cryptocurrency exchange HTX, formerly Huobi, lost roughly 5,000 ether (ETH) worth $7.9 million to a hacker. The attacker had compromised the exchange’s hot wallet and siphoned the assets in one swipe. While Tron founder and HTX advisor Justin Sun assured users that their assets were safe and the exchange would cover the...Read More
Data collated by 21.co, the parent company of the world’s largest issuer of cryptocurrency exchange-traded products, 21Shares, revealed that the notorious North Korean hacking group Lazarus currently holds more than $47 million worth of crypto assets in its wallets. According to 21.co’s dashboard on Dune Analytics, Lazarus Group holds several digital assets, including bitcoin (BTC),...Read More
Seychelles-based cryptocurrency exchange HTX (formerly Huobi) has lost $7.9 million worth of ETH to a hacker, on-chain data shows. The exchange has already identified the culprit and is ordering a return of funds with the threat of legal action. As noted by blockchain security firm Peckshield, exactly 4999 ETH ($7,866,926.30) left Huobi’s wallet on Sunday...Read More
In the latest cyber attack to hit the DeFi space, the Mixin Network’s cloud service provider database was recently compromised. The exploit has resulted in an estimated loss of assets worth approximately $200 million on the mainnet and, subsequently, the value of Mixin’s Native Token plummeting by almost 10%. Mixin’s Team Responds Following Attack Mixin’s...Read More
Nansen, a prominent on-chain analytics platform, has issued a security warning to its users following a security breach originating from a third-party vendor. The security compromise allowed hackers to steal password hashes of Nansen users, prompting an immediate investigation. Nansen’s Users’ Password Hashes Compromised in Attack On Sept. 20, Nansen was alerted to a breach...Read More
Decentralized finance (DeFi) protocol Linear Finance has fallen victim to an attack that resulted in the complete depletion of liquidity in its Linear USD (LUSD) token. Following the incident, Linear Finance’s team apologized to the community and implemented various safety measures. LUSD Price Collapses to Zero On Sept. 21, Linear Finance announced it had experienced...Read More
Balancer, an Ethereum-based decentralized protocol, said that the platform regained control of its domain and is secure shortly after hackers attacked its frontend. According to Balancer, a social engineering attack was responsible for the latest incident. Balancer recently suffered a Domain Name System (DNS) attack, with the firm warning users to stay away from the...Read More
