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Certik Web3 Security Quarterly Report: $688 Million Lost in Q2 2024, Totaling Over $1.19 Billion in H1 2024

[Nov 4 11:30 AM] The latest Certik Web3 Security Quarterly Report reveals alarming statistics for the second quarter of 2024, with a staggering $688 million lost across 184 on-chain security incidents, marking a 37% increase in value lost compared to the previous…

Security matters should not fall on users’ shoulders — Bitget exec

[Oct 23 12:39 PM] Bitget chief operating officer Vugar Usi Zade said that security matters should be the responsibility of crypto platforms. 

Crypto hackers steal $750M in Q3 2024, as losses grow by 9.5% — CertiK

[Oct 1 4:19 PM] Q3 2024 saw a decline in the number of crypto hacks, but the value of assets stolen spiked, with $753 million lost across 155 incidents. 

CertiK Ventures discloses $45M investment plan to boost Web3

[Sep 19 11:00 AM] In addition to CertiK Ventures’ $45 million investment plan, CertiK also announced the launch of free community tools including Token Scan and Wallet Scan.

CoinStats exploiter moves almost $1M to Tornado Cash

[Jul 10 4:03 AM] CoinStats said in a July 5 update that it’s still investigating the incident and is taking action to secure its new infrastructure.

CertiK migrates blockchain applications to Alibaba Cloud

[Jul 1 2:23 AM] CertiK's migration to Alibaba Cloud aims to enhance blockchain development security and resource efficiency in Asia.

Lessons from CertiK's dispute with Kraken

[Jun 28 2:48 PM] White hat hacking is a crucial component of cybersecurity, but it can come with controversy — as CertiK and Kraken recently illustrated.

Kraken recovers $3 million from CertiK, ending bug bounty saga

[Jun 20 8:30 AM] CertiK has returned the funds to the Kraken exchange, putting a happy end to the bug bounty-related saga.

CertiK Faces Fallout After Confessing $3 Million Heist From Kraken, What’s Next?

[Jun 19 1:38 PM] Cryptocurrency exchange Kraken has announced that it has fallen victim to a major security flaw that has resulted in the theft of $3 million worth of digital assets. However, in a surprising turn of events, the party responsible has been identified…

CertiK identified Kraken exploit, claims exchange ‘threatened’ its team

[Jun 19 12:47 PM] The security firm said it was transferring the digital assets obtained in the exploit of Kraken back to the exchange, but many crypto users questioned its motives.

Alex bridge on BNB Smart Chain drained of $4.3M after suspicious upgrade — CertiK

[May 14 2:25 PM] The deployer account changed an Alex contract’s implementation address, and multiple tokens were subsequently drained from its bridge.

Proactive Detection by Certik Saves Wormhole Bridge From Potential $5 Million Hack

[May 14 12:07 AM] Certik, a security firm, prevented a potentially disastrous $5 million exploit in the Wormhole cross-chain bridge by identifying a critical bug, showcasing the importance of proactive security practices and the benefits of open-source software in…

CertiK discovered $5M security flaw in Wormhole bridge on Aptos

[May 13 1:46 PM] A flaw in the bridge could have allowed an attacker to produce fake token transfers, but it was discovered and patched before anyone could take advantage of it.

Hundred Finance hacker moves stolen assets a year after $7M exploit

[May 2 5:01 AM] The hacker holds about $4.3 million in various crypto assets in their Ethereum wallet.

April sees $25M in exploits and scams, marking historical low ― Certik

[Apr 30 10:30 AM] Losses from hacks and scams reached their lowest level since 2022 when Certik first started recording the data, as flash loan attacks and private key hacks decreased.

Must Bitcoin ‘Drop Ideals’ of Decentralization to Achieve Mass Adoption?

[Apr 3 11:04 AM] Key management is crucial to Bitcoin maintaining decentralization. But, as hacks and exploits have grown in number, the dream of self-custody has become more difficult to maintain.

November most ‘damaging’ month in 2023 as thieves pilfer $363M in crypto

[Nov 30, 2023 6:13 PM] The Poloniex and HTX/Heco Bridge exploits as well as the KyberSwap flash loan attack were the three largest incidents in November, according to blockchain security firm CertiK.

Kronos Research Halts Operations After Losing $26 Million In Security Breach

[Nov 19, 2023 1:00 PM] Kronos Research, a Taipei-based market maker, trading firm, and venture capital fund, witnessed the withdrawal of significant amounts of crypto assets due to a breach of its security system.  Kronos Breach: Investigation Underway On Sunday…

Crypto exchange CoinSpot reportedly suffers $2M hot wallet hack

[Nov 8, 2023 11:20 PM] Blockchain security firm CertiK believes the $2.4 million draining of a CoinSpot hot wallet is likely the result of a “private key compromise.”

New Cryptocurrencies Getting Created at Slowest Pace in 3 Years, CertiK Data Shows

[Nov 8, 2023 6:00 AM] Excluding memecoins, some 293 new tokens were added to the CoinMarketCap website, less than a fourth what was added during the bull market of late 2021, according to new data compiled by the smart-contract auditor CertiK.

CertiK, Blockchain Code Auditor, Makes 'Strategic Workforce Adjustment' of 15%

[Oct 13, 2023 8:17 AM] Just last year, the company raised nearly $150 million of fresh capital. Now, as crypto winter drags on, it is cutting jobs, citing "evolving market dynamics."

September becomes the biggest month for crypto exploits in 2023: CertiK

[Oct 2, 2023 12:15 AM] The Mixin Network cross-chain protocol accounted for almost two-thirds of the crypto exploit losses in September.

Criminals more reliant on cross-chain bridges than ever after mixer crackdowns

[Sep 19, 2023 10:45 PM] The sanction of cryptocurrency mixer Tornado Cash in August caused the first major shift, which is accelerating even faster than projected.

Stake’s Hacker Moves $328,000 Worth Of Crypto From Stolen Funds

[Sep 12, 2023 11:00 AM] Transferred Funds By Hackers Are Estimated At $4.8 Million On September 11, the hacker first transferred 520,000 MATIC tokens, worth over $266,000, which were bridged to the Avalanche blockchain. Some hours later, 300 BNB tokens valued at…

Hackers behind $41M Stake heist shifts BNB, MATIC in latest move: CertiK

[Sep 11, 2023 11:33 PM] A total of $4.8 million in funds have now been moved by the hacker to Bitcoin and now Avalanche.

Crypto Thefts in 2023: Nearly $1 Billion Lost to Scams and Exploits, Reports Certik

[Sep 1, 2023 2:30 PM] According to cybersecurity firm Certik, nearly $1 billion in cryptocurrency has been pilfered due to scams, rug pulls, and exploits throughout 2023. The company highlighted that the combined incidents in August alone led to a loss of $45.8 million…

Base project RocketSwap shares emergency plan following $865K exploit

[Aug 14, 2023 11:02 PM] RocketSwap Labs plans on reaching out to the exploiter on-chain, who stole an estimated $865,000 from the protocol on Aug. 14.

Weekend Wrap: Uniswap dev sacked for alleged rug, Steadefi hacker goes mixing and more

[Aug 13, 2023 11:10 PM] Uniswap developer AzFlin has admitted to creating the FRENS token but has argued what he did doesn't constitute a rug pull.

Telegram trading bots are hot, but don’t trust them for custody — Security firms

[Aug 10, 2023 5:30 PM] There are still too many unknowns over how various Telegram trading bots store private keys, blockchain security firms told Cointelegraph.

Certik Uncovers Security Vulnerability in Worldcoin’s Verification Process

[Aug 4, 2023 10:00 AM] On May 29, 2023, Certik, a blockchain and smart contract auditing firm, reported a critical security vulnerability within Worldcoin’s verification process. This flaw could have allowed attackers to bypass strict identification measures and…