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” MyAlgo users urged to withdraw as cause of $9.2M hack remains unknown “ A wallet provider for the Algorand (ALGO) network, MyAlgo, has warned its users to withdraw funds from any wallets created with a seed phrase amid an ongoing exploit that has seen an estimated $9.2 million worth of funds stolen. MyAlgo tweeted…
” $700,000 drained from BNB Chain-based DeFi protocol LaunchZone “ $700,000 worth of funds has been drained from BNB Chain DeFi protocol LaunchZone, with the project alleging that an attacker has carried out an exploit. Details remain scarce after more than 80% of funds in the LaunchZone liquidity pool were drained on Feb. 27. A…
” Lendhub protocol exploiters spotted shifting $3.85M into Tornado Cash “ The suspected actors behind the $6 million exploit of decentralized finance lending protocol Lendhub have just sent more than half of their ill-gotten gains from January into sanctioned crypto mixer Tornado Cash. Blockchain security firms PeckShield and Beosin alerted their respective followers to the…
” Top 7 cybersecurity jobs in high demand “ In today’s digital age, cybersecurity has become a critical aspect of almost every business. Cyber threats are increasing daily, and businesses must take proactive measures to protect their networks and data. As a result, the demand for cybersecurity professionals has skyrocketed. Little Friday humour #meme #cybersecurity…
” French police arrest 2 people in connection to Platypus attack “ Two suspects have been arrested by the French police in connection with Platypus’ $9.1 million exploit, and 210,000 euros worth of cryptocurrency has been seized, according to the local authorities. Investigations leading to the arrests were supported by on-chain sleuth ZachXBT and crypto…
” Jump Crypto & Oasis.app counter exploits Wormhole hacker for $225M “ Web3 infrastructure firm Jump Crypto and decentralized finance (DeFi) platform Oasis.app have conducted a “counter exploit” on the Wormhole protocol hacker, with the duo managing to claw back $225 million worth of digital assets and transfer them to a safe wallet. The Wormhole…
” Yield platform Stablegains sued for promoting UST: Finance Redefined “ Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The backlash from the Terra implosion still haunts the crypto world, with the now-shuttered stablecoin yield platform Stablegains…
” Platypus reveals compensation plan for users’ funds after attack “ Decentralized finance (DeFi) protocol Platypus disclosed details of a recent $9.1 million exploit, alongside efforts to recover the funds, and a compensation plan for victims. In a Medium post on Feb. 23, the company revealed that a logic error in the USP solvency check…
” Coinbase discloses recent cyberattack targeting employees “ Crypto exchange Coinbase experienced a cybersecurity attack targeting its employees on Feb. 5. The attack came through SMS scams and involved impersonations of IT staff, according to a recent report from the company’s engineering team. No customers’ funds or information were impacted, the firm said. As per the…
” Security team creates dashboard to detect potential NFT hacks in OpenSea “ A wallet security team released a real-time dashboard that lets community members detect, track and monitor potential nonfungible token (NFT) hacks using offline signatures in the OpenSea marketplace. According to the team behind crypto wallet ZenGo, they created an NFT hack detector…