Tagged: hack

April 25, 2022 @ 6:19 pm By JD Alois  |  

Last week it was reported that stablecoin project Beanstalk had been the target of an attack where up to $181 million in value was stolen. Beanstalk is a “decentralized credit-based stablecoin protocol that is built on Ethereum. ” The premise being that other stablecoins have… Read More

April 18, 2022 @ 3:46 pm By JD Alois  |  

Stablecoin project Beanstalk has been the target of an attack that reportedly has seen over $180 million pilfered. In a tweet yesterday, Beanstalk said they had “suffered an exploit” without providing too many details. Beanstalk suffered an exploit today. The Beanstalk Farms team is investigating… Read More

March 21, 2022 @ 10:16 am By JD Alois  |  

Circle, a digital asset platform that powers a leading dollar-based stablecoin, USDC, has reported an information breach via a third-party service provider – Hubspot. According to an email distributed by Circle, HubSpot has “confirmed that an unauthorized bad actor accessed certain client data from several… Read More

February 20, 2022 @ 11:57 am By JD Alois  |  

OpenSea is in the midst of figuring out an attack on its platform that appears to be a phishing scheme according to tweets by the company and its CEO. At some point yesterday, OpenSea stated that a phishing scam had caused 32 users to sign… Read More

February 3, 2022 @ 9:02 am By Omar Faridi  |  

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

January 29, 2022 @ 10:48 am By Omar Faridi  |  

At 9:34PM UTC on January 27, 2022, a bad actor started their exploit of Qubit Finance’s Ethereum (ETH) to Binance Smart Chain (BSC) bridge. As noted in an update from CertiK, this particular exploit “ended up netting them 77,162 qXETH ($185 million), which they then… Read More

January 19, 2022 @ 8:58 am By Omar Faridi  |  

The Sentinel Protocol team, which is operating a platform leveraging blockchain technology in order to harness collective cyber security intelligence to protect crypto assets against hackers, scams and fraud, has provided an update regarding the suspicious activity incident involving Crypto.com. Through their team’s preliminary analysis,… Read More

December 6, 2021 @ 8:55 am By JD Alois  |  

Bitmart, a crypto exchange that touts itself as “the most trusted cryptocurrency trading platform,” has lost $150 million in assets, according to a tweet by Bitmart CEO Sheldon Xia. Other reports have placed the value far higher at around $200 million. Bitmart operates in just… Read More

December 5, 2021 @ 6:44 pm By JD Alois  |  

It was a tough couple of weeks for Celsius Network. Celsius is a neobank platform that touts its ability to generate returns on parked crypto. Currently, Celsius is promoting potential returns of over 17%. As was widely rumored, Celsius Network was impacted by the Badger… Read More

November 23, 2021 @ 5:06 pm By JD Alois  |  

Earlier this month Robinhood (NASDAQ:HOOD) revealed that data had been stolen from its trading platform. More specifically, a hacker obtained a list of emails for 5 million individuals, full names for around 2 million people, and personal information, including dates of birth, zip codes, and… Read More

November 8, 2021 @ 4:15 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) has revealed a security breach in its platform that apparently took place on November 3, 2021. An attempt at extortion took place following the theft of the information. According to a blog post, an “unauthorized third party obtained access to a limited amount… Read More

October 27, 2021 @ 12:00 pm By JD Alois  |  

Cream Finance, a decentralized lending protocol, has experienced a hack that may have caused a $117 million theft.   We are investigating an exploit on C.R.E.A.M. v1 on Ethereum and will share updates as soon as they are available. — Cream Finance 🍦 (@CreamdotFinance) October… Read More

September 6, 2021 @ 11:09 pm By Omar Faridi  |  

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

August 23, 2021 @ 3:42 pm By JD Alois  |  

The Poly Network hack saga appears to be winding down as all of the funds have been returned along with the bug bounty.   As of now, #PolyNetwork has regained control of the $610M (not including the frozen $33M USDT) in assets affected in #polynetworkhack…. Read More

August 18, 2021 @ 9:48 pm By Tony Zerucha  |  

While Poly Network may have escaped some of the worst of the damage from its recent security breach, there are questions it still must answer, AnChain.AI founder and CEO Dr. Victor Fang said recently. Fang said it appears the hack was caused by the exploitation… Read More

August 13, 2021 @ 4:57 pm By JD Alois  |  

Poly Network is slowly retrieving the stolen crypto in a nightmare scenario where over $600 million in value was illicitly transferred from the platform. Poly Network has been keeping its community abreast of developments via Twitter as they scramble to reverse the transfers which included… Read More

August 12, 2021 @ 8:07 am By Omar Faridi  |  

The Poly Network attacker has been returning funds after managing to pull of the largest DeFi theft ever. On, August 10, 2021, an unidentified attacker had managed to steal around $612 million worth of virtual currency from cross-chain DeFi protocol Poly Network, making this the… Read More

August 11, 2021 @ 3:22 pm By JD Alois  |  

The hack of Poly Network that pilfered over $600 million is the largest DeFi theft ever. While Poly Network reports having retrieved some of the crypto, hundreds of millions in digital assets are still yet to be returned.   $260 million (As of 11 Aug… Read More

August 10, 2021 @ 10:08 pm By JD Alois  |  

Poly Network has lost some crypto in an apparent hack. In fact, Poly Network has lost over $600 million in what is said to be the largest DeFi attack ever. In a series of tweets, Poly Network named the locations of the missing crypto.  … Read More

June 9, 2021 @ 3:35 pm By Tony Zerucha  |  

No one should be shocked Bitcoin’s price fell after the United States recovered most of the cryptocurrency used to pay the Colonial Pipeline hackers, an analyst with GlobalData said this week. Given cryptocurrency’s libertarian roots, the fact a government could track and seize money designed… Read More