Tagged: exploits

Over $2.3B Lost to Web3 Scams, Exploits in 2022, Over 377 Cyberattacks Reported

So far in 2022, $2,338,910,183 billion has been “lost to various scams and exploits in the Web3 world and a total of ~377 attacks recorded this year,” according to an update shared by CertiK. Just like in July, August has “seen the same number of… Read More

$156M Lost by Nomad in Sixth Major Crypto Bridge Exploit of 2022: Report

Nomad – a bridge network allowing users to convert their assets across blockchains – was “exploited for over $156.4 million on August 1st.” Over 40 attackers utilized a code error that “allowed them to spoof transactions – draining Nomad’s Ethereum contract of most of its… Read More

Sentinel Protocol Developers Explain How to Report Scams, Hacks, Exploits involving Crypto-Assets

Making digital cyberspace safer doesn’t have to be “left to the big cybersecurity corporations,” according to an update from Uppsala Security. Individuals and small businesses are able to play a key role in making the Internet and the Web 3.0 “a more secure place to… Read More

$326M Stolen in Wormhole Crypto Hack, Solana (SOL) Token Crashes Following Exploit

Wormhole, which is described as a communication bridge between Solana (SOL) and other DeFi/blockchain platforms, claims that bad actors stole around $320 million in virtual currency. The wormhole network was exploited for 120k wETH. ETH will be added over the next hours to ensure wETH… Read More

Bitcoin focused Tech Firm Casa Comments on Major Privacy and Security Issues Experienced in 2021

The team at Bitcoin-focused firm Casa recently shared some notable privacy and security stories from last year. Casa wrote in a blog post that as technology continues to make advances, the world of privacy and security changes along with it. The end of 2021 saw… Read More

SlowMist Releases Comprehensive Blockchain Security Industry Review, Global Losses Surpassed $10B

SlowMist has shared their review of the blockchain security industry in 2021. The blockchain security firm reveals that international losses for the sector surpassed $9.8 billion. As mentioned in the update from SlowMist, 2021 was a year of “ups and downs” for the blockchain or… Read More

Hacked: Blockchain Security Firm SlowMist Shares Analysis of Recent DAO Maker Exploit

SlowMist, which focuses on blockchain ecosystem security and has reportedly served Huobi, OKEx, Binance, imToken (nearly “a thousand commercial customers in total”), reveals that DAO Maker‘s vesting system was recently hacked. SlowMist confirmed in an incident report that DeRace Token (DERC), Coinspaid (CPD), Capsule Coin… Read More

Astra Protocol, which Offers Legaltech for Crypto, Reports Significant Increase in DeFi Hacks, Fraudulent Activities

The team at Astra Protocol, which aims to equip the decentralized finance (DeFi) space with a complete legal layer and unlock the future growth of the industry, notes that operating within DeFi comes with “unpredictability” as well as key opportunities. Some of the main benefits… Read More

Yearn Finance, a Group of Products Managing $3.75B+ in Capital, Launches DeFi Bug Bounty with Immunefi

Yearn Finance, a group of products managing more than $3.75 billion worth of capital that allow users to “optimize” their earnings on crypto-assets via lending and trading services, revealed on July 1, 2021, that it has launched its bounty program with Immunefi, which is one… Read More

Kava Labs, which Focuses on Democratizing Financial Services, Establishes Security of Assets Fund for Users

Brian Kerr, Co-founder of Kava, has published a blog post in which he revealed that his team is introducing the Kava SAFU Fund (Security of Assets Fund for Users). Kerr noted in the update, dated Wednesday (April 28, 2021) that Kava SAFU Fund is an… Read More

Binance Smart Chain based DeFi Project Uranium Suffers $50M Loss due to Hack, SlowMist Analyzes Incident

SlowMist, which focuses on blockchain ecosystem security, and has served major digital asset firms such as Huobi, OKEx, Binance, imToken (with around 1,000 commercial customers), notes that according to updates from the SlowMist Zone, the DeFi project Uranium on the Binance Smart Chain (BSC) was… Read More

Bridge Mutual, a “Decentralized” Discretionary Risk Coverage Platform for DeFi, to Make it Easy to Acquire Insurance Coverage for Assets

With over $40 billion locked into decentralized finance (DeFi) platforms (at the time of writing), according to DeFi Pulse data, it’s now clear that the era of DeFi has arrived, crypto analysts have argued. However, with many new exploits frequently taking place, there’s been significant… Read More

Top Crypto and Blockchain Predictions for 2021 and Beyond – Part 2

The blockchain and digital assets space is well-positioned for even more growth and adoption in 2021 by mainstream consumers and institutions. The COVID-19 outbreak has dramatically accelerated the shift towards all-digital platforms and services because it’s no longer considered safe to visit physical business locations…. Read More

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