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” Here’s how Defrost Finance plans to refund users following $12M hack “ After recovering the funds lost in a recent flash loan exploit, decentralized leverage-trading platform Defrost Finance is planning to return the funds to their rightful owners, according to a new announcement. In a Medium post, Defrost highlighted that it will soon be refunding…
” Bitcoin mining pool BTC.com reports $3M cyberattack “ Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers. BTC.com experienced a cyberattack on Dec. 3, with attackers stealing around $700,000 in client assets and $2.3 million in the company’s assets, the mining…
” Hackers drain $8M in assets from Bitkeep wallets in latest DeFi exploit “ While many are still enjoying the holiday season, hackers are hard at work, draining around $8 million in an ongoing BitKeep wallet exploit. On Dec. 26, some users of the multichain crypto wallet BitKeep reported that their funds were being drained…
” DeFi flash loan hacker liquidates Defrost Finance users causing $12M loss “ Defrost Finance, a decentralized leveraged trading platform on Avalanche blockchain, announced that both of its versions — Defrost V1 and Defrost V2 — are being investigated for a hack. The announcement came after investors reported losing their staked Defrost Finance (MELT) and…
” Web3 projects would rather get hacked than pay bounty: 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. Uniswap, one of the leading decentralized exchange platforms, is integrating debit and credit card support for…
“Where’s the safest place to store my wife’s naked pictures?” Fibbing on the internet is as easy as stealing candy from a baby. So, when a “Kim Komando Show” listener wrote to me and said he was a world-renowned fashion photographer, I raised an eyebrow. Then he asked me for advice on storing nudes safely,…
” Ankr says ex-employee caused $5M exploit, vows to improve security “ A $5 million hack of Ankr protocol on Dec. 1 was caused by a former team member, according to a Dec. 20 announcement from the Ankr team. The ex-employee conducted a “supply chain attack” by putting malicious code into a package of future…
” How to avoid getting hooked by crypto ‘ice phishing’ scammers — CertiK “ Blockchain security company CertiK has reminded the crypto community to stay alert over “ice phishing” scams — a unique type of phishing scam targeting Web3 users — first identified by Microsoft earlier this year. In a Dec. 20 analysis report, CertiK…
” Projects would rather get hacked than pay bounties, Web3 developer claims “ As hacks and exploits continue to go rampant within the crypto industry, the importance of finding vulnerabilities to prevent potential losses becomes of utmost importance. However, a Web3 developer highlighted that it’s not rewarding to do so. In a tweet, a Web3…
” Abnormal token price movements on Binance not hack-related, confirms CZ “ Crypto exchange Binance began investigating suspicious behavior on its platform after noticing abnormal price movements for certain trading pairs involving Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUNToken (FUN) and Golem (GLM) tokens. Nearly 40 minutes into the investigation, Binance CEO Changpeng ‘CZ’…