DeFi Platform Delta Primes Loses $6 Million In Security Breach, Is North Korea Involved?

Decentralized Finance (DeFi) platform Delta Primes suffered a security breach on Monday, affecting the protocols users. The attack took $6 million from the projects pools and is under investigation. However, on-chain investigators suspect it could be linked to North Korean hackers and be part of a larger-scale scheme. Hackers Drain $6 Million From DeFi Protocol [...]

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Top 100 DeFi Hacks: Offchain attack vectors account for 57% of losses

Despite the falling number of smart contract exploits, hackers could surpass the previous year in terms of total value stolen.

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$8M theft forces Bittensor network shutdown

All user funds are safe following the network halt, according to the Bittensor team.

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Crypto hacks down by 54.2% in June, $176M lost in a month

May was the biggest month in terms of crypto losses in 2024 so far, with nearly $385 million in net losses suffered from crypto hacks.

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Crypto hacks increase in 2024, but smart contracts not to blame

Smart contracts are no longer the biggest concern, as hackers are vying for easier targets, such as private key leaks.

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How a Pinoy Investor Lost 40 Million in Crypto Sweeper Bot Exploit on Telegram

The significant money in the cryptocurrency industry makes it a prime target for hackers. Over the years, various exploits and schemes have emerged, targeting crypto investors and their portfolios. Investors, regardless of their experience, may still fall victim. Pinoy Investor Falls Victim Recently, in an interview with BitPinas, a long-time cryptocurrency investor who we will...

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UwU Lend faces second hack during $20M reimbursement process

The UwU exploiter strikes again and steals $3.5 million from the lend protocol as it begins reimbursing hack victims.

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Alex Labs rolls out post-exploit recovery plan

Alex Labs has revealed a recovery roadmap and enhanced security measures post-exploit aimed at rebuilding community trust and resuming operations.

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Gala Games Recovers $23M Stolen By Hacker, Plans Token Buyback Program

In a recent security incident, Gala Games, a Web3 gaming company, fell victim to an exploit that led to the unauthorized minting of 5 billion tokens, equivalent to approximately $214 million.  The hacker behind the breach subsequently sold 592 million GALA tokens, amounting to $21.8 million in value, as blockchain analysis firm Lookonchain confirmed. CEO [...]

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Crypto Post-Mortem: Heres How Pump.Fun Was Exploited For $2 Million

Solana-based platform Pump.fun suffered an exploit that left the crypto community with many questions. The attack stole millions of dollars in users funds, but the reasons behind it and the exact amount of the loot were unclear. Amid the uncertainty, some claimed that a crypto Robinhood had emerged. Related Reading $80 Million Taken In Crypto [...]

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$62M crypto stolen in Dec was the ‘lowest monthly figure’ in 2022: CertiK

December proved to be the month with the least crypto stolen in 2022, although there were still 23 major incidents, according to CertiK.

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Barely halfway and October’s the ‘biggest month’ in crypto hacks: Chainalysis

While 2021 was the biggest year on record for crypto hacks, 2022 could “likely” beat the record “at this rate” according to Chainalysis.

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$100M drained from Solana DeFi platform Mango Markets, token plunges 52%

The platform’s treasury was drained of over $100 million worth of cryptocurrency after an attacker manipulated price data of its native token to take out loans against their holdings.

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Illicit crypto usage as a percent of total usage has fallen: Report

A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline.

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EigenLayer says $5.7M hack isolated incident, no vulnerability on protocol

EigenLayer said that some of the stolen funds have been frozen as part of ongoing recovery efforts.

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Pinoy Trader Loses 7.6 Million in TG Exploit, Buys Back Assets

Filipino trader James Afante lost 7.6 million in cryptocurrency due to a Telegram exploit but quickly repurchased the assets using his own funds.

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Blockchain Sleuth Uncovers $35M Atomic Wallet Exploit

On-chain investigator ZachXBT discovered that Atomic Wallet users suffered a loss of at least $35 million in crypto assets.

The post Blockchain Sleuth Uncovers $35M Atomic Wallet Exploit appeared first on BitPinas.

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Allbridge Recovers $465,000 Stolen in Crypto Exploit

Allbridge has recovered $465,000 worth of cryptocurrency stolen in a recent exploit, after the attacker apparently took the project's offer for a white hat bounty and returned the funds. The stolen funds were converted to Binance USD and used as compensation. Allbridge had previously offered the attacker a chance to escape legal repercussions and receive a bounty for finding vulnerabilities. The project has yet to publicly disclose the total amount stolen but blockchain security firms estimate it to be close to $550,000. (Read More)

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Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin

Over $45 million was lost to exit scams in May while exploits on DeFi protocols racked up less than half that amount over the same period.

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