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All user funds are safe following the network halt, according to the Bittensor team.
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.
Smart contracts are no longer the biggest concern, as hackers are vying for easier targets, such as private key leaks.
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...
The UwU exploiter strikes again and steals $3.5 million from the lend protocol as it begins reimbursing hack victims.
Alex Labs has revealed a recovery roadmap and enhanced security measures post-exploit aimed at rebuilding community trust and resuming operations.
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 [...]
The post Gala Games Recovers $23M Stolen By Hacker, Plans Token Buyback Program appeared first on Crypto Breaking News.
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 [...]
The post Crypto Post-Mortem: Heres How Pump.Fun Was Exploited For $2 Million appeared first on Crypto Breaking News.
December proved to be the month with the least crypto stolen in 2022, although there were still 23 major incidents, according to CertiK.
While 2021 was the biggest year on record for crypto hacks, 2022 could “likely” beat the record “at this rate” according to Chainalysis.
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.
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.
EigenLayer said that some of the stolen funds have been frozen as part of ongoing recovery efforts.
Filipino trader James Afante lost 7.6 million in cryptocurrency due to a Telegram exploit but quickly repurchased the assets using his own funds.
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.
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)
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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