2 / 3 Relevant items tagged with #Exploits

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Thirdweb Begins Mitigation of Vulnerability Affecting Thousands of Smart Contracts

[Dec 8, 2023 4:30 PM] Thirdweb, a Web3 development framework provider, has announced that it has started mitigating a vulnerability that could potentially affect thousands of smart contracts across several networks. The vulnerability, uncovered in November, impacts…

Code Is Not (Always) Law

[Dec 7, 2023 2:48 PM] Sometimes, the law is the law, industry experts say.

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.

KPMG Canada Teams Up With Chainalysis to Fight Crypto Frauds and Exploits

[Nov 22, 2023 6:15 AM] The duo will help companies adhere to crypto regulations and advance anti-money laundering compliance programs.

46% of crypto lost from exploits is due to traditional Web2 flaws — Immunefi

[Nov 15, 2023 1:21 PM] The security platform released a report categorizing Web3 exploits in 2022, concluding that nearly half came from “infrastructure” or centralized elements.

What Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?

[Nov 13, 2023 2:12 PM]

Poloniex Hot Wallets Hacked With $114M Seemingly Stolen: On-Chain Data

[Nov 10, 2023 6:06 AM] Cryptocurrency exchange Poloniex has had its hot wallets drained by hackers with an estimated loss of around $60 million.

Web3 Security Firm Blockaid Raises $27M to Help Tackle Industry's 'Never-Ending' Challenges

[Oct 23, 2023 5:00 AM] The New York and Tel Aviv-based company said it would use the funding to scale its product, customer base and team to address the industry’s security challenges.

Crypto suffered 153% YoY increase in hacks and scams in Q3: Immunefi

[Oct 3, 2023 1:00 PM] The number of attack incidents increased to 76 in Q3 2023, compared to just 30 in the same quarter last year.

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.

DraftKings' Billionaire-Backed Crypto Analytics Firm CoinScan Raises $6.3M

[Sep 21, 2023 1:00 AM] The company is backed by Shalom Meckenzie, the largest individual shareholder in sports betting company DraftKings.

Coinbase Earned $1M Amid Hack, but Hasn't Reimbursed Victims

[Sep 15, 2023 7:19 AM] Coinbase received 570 ETH, the second-largest payout tied to MEV in Ethereum’s history, to process transactions related to the Curve exploit.

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…

Firms have mere hours to deflect cyber attacks, warns cybersecurity CEO

[Aug 22, 2023 12:18 AM] Palo Alto Networks CEO Nikesh Arora has warned that “bad actors are getting faster” and stressed that companies need to beef up cybersecurity defenses.

Fireblocks Discloses Bitforge Vulnerabilities Affecting Dozens of Wallet Providers

[Aug 12, 2023 5:30 AM] Fireblocks, a digital assets security company, has disclosed vulnerabilities affecting several cryptocurrency wallets, collectively named “Bitforge.” Through these vulnerabilities, criminals could steal millions in cryptocurrency…

Crypto Hacks and Exploits Cost Traders $303M in July; Worst Month of 2023

[Jul 31, 2023 7:44 AM] Some $52 million of assets were siphoned from Curve Finance just this weekend.

Curve Finance Exploit Puts $100M+ Worth of Crypto at Risk; CRV Token Tumbles

[Jul 30, 2023 2:25 PM] Curve, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, has been the victim of an exploit according to a tweet from the project. Upwards of $100 million worth of cryptocurrency are at risk due to a “re-entrancy” bug…

ZkSync's Largest Lender Struck by $3.4M Exploit

[Jul 25, 2023 7:34 AM] EraLend, the largest lending protocol on Ethereum scaling blockchain zkSync, has been hit by a $3.4 million reentrancy attack, according to blockchain security firm CertiK.

Connext, Alchemix launch cross-chain token standard to reduce bridge exploit losses

[Jul 24, 2023 3:49 PM] The two protocols will implement a standard for issuers to control the "canonical" minting of tokens, helping to reduce losses from unofficial bridges.

What Mastodon’s Critical Bug Fixes Say About Crypto’s Security Vulnerabilities

[Jul 10, 2023 12:31 PM]

Bridge Exploits Cost $2B in 2022, Here’s How They Could Have Been Averted

[Jun 2, 2023 11:31 AM] The bridges that are essential to our multi-chain cryptoverse are vulnerable to hacks. But an analysis of some of the biggest exploits of the past year reveals that applying multiple security measures in combination could have blocked the attacks…

Crypto Hacks Are Down and Hackers Tend to Return Stolen Money: TRM Labs Report

[May 22, 2023 3:41 PM] The sanctions against Tornado Cash, as well as last year's arrest of the Mango Markets infiltrator, motivate hackers to return their loot, researchers believe.

April’s crypto scams, exploits and hacks lead to $103M lost — CertiK

[Apr 30, 2023 11:01 PM] The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023.

Huobi and Gala Games to Give $50M to Victims of pGala Scheme

[Apr 3, 2023 3:16 PM] The firms will compensate the scheme’s victims while fighting for millions in damages from the cross-chain bridge that covered up the token-printing scheme.

Openai’s GPT-4 Launch Sparks Surge in AI-Centric Crypto Assets

[Mar 15, 2023 10:04 AM] Following Openai’s release of GPT-4, a deep learning and artificial intelligence product, crypto assets focused on AI have spiked in value. The AGIX token of the Singularitynet project has risen 25.63% in the last 24 hours. Over the last…

7 DeFi protocol hacks in Feb sees $21 million in funds pilfered: DefiLlama

[Mar 6, 2023 12:12 AM] DeFi platforms lost over $21 million to hackers throughout February, according to data released by DeFi project aggregator DefiLlama.

DeFi exploits and access control hacks cost crypto investors billions in 2022: Report

[Feb 13, 2023 1:00 PM] Cyber criminals used a variety of methods to siphon funds through hacks and exploits in 2022, amounting to over $2.8 billion in losses.

Crypto exploit losses in January see nearly 93% year-on-year decline

[Jan 31, 2023 10:47 PM] Around $8.8 million was lost to crypto exploits in January, a massive decline from the figures this time last year.

Why DeFi should expect more hacks this year: Blockchain security execs

[Jan 8, 2023 7:30 PM] One reason is that “hackers have gotten smarter, gained more experience, and learned how to look for bugs,” according to the founder of a crypto auditing firm.

Crypto Incidents Involving Exit Scams, Hacks, and Code Exploits Reach Record Low in December 2022 According to Certik

[Jan 3, 2023 6:30 AM] According to blockchain security company Certik, the number of cryptocurrency incidents involving exit scams, hacks, and code exploits in Dec. 2022 was the lowest monthly figure of the year. Certik noted that the combined incidents amounted to…