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“# Finance Redefined: Wonderland reveal and Wormhole hacked, Jan. 28–Feb. 4 ” Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. It’s been a tumultuous week of doxxing, hacks, bailouts and new highs in the decentralized finance space. Read on to recap the most impactful stories of the last seven days. This article represents…
“# Wormhole token bridge loses $321M in largest hack so far in 2022 ” The Wormhole token bridge experienced a security exploit today, resulting in the loss of 120,000 wETH tokens ($321 million) from the platform. Wormhole is a token bridge that allows users to send and receive crypto between Ethereum, Solana, BSC, Polygon, Avalanche,…
“# Hodlers beware! New malware targets MetaMask and 40 other crypto wallets ” Security was never the strong suit of browser-based crypto wallets to store Bitcoin (BTC), Ether (ETH) and other cryptocurrencies. However, new malware makes the safety of online wallets even more complicated by directly targeting crypto wallets that work as browser extensions such…
“# Qubit Finance suffers $80 million loss following hack ” High-profile hacks have become more prevalent throughout the cryptocurrency market, and Qubit Finance is one of the latest decentralized finance (DeFi) protocols to be exploited by hackers. Hackers were able to access and steal over $80 million from Qubit Finance which is based on Binance…
“# Etherescan adds new messaging feature for anons: ‘Blockscan Chat’ ” The team behind the popular blockchain explorer and analytics platform Etherscan has launched an Ethereum-based wallet-to-wallet instant messaging service dubbed “Blockscan Chat.” Blockscan is currently in beta testing mode, and it currently enables users to engage in an instant wallet-to-wallet chat, access chats from…
“# Engineer hacks Trezor wallet, recovers $2M in ‘lost’ crypto ” A computer engineer and hardware hacker has revealed how he managed to crack a Trezor One hardware wallet containing more than $2 million in funds. Joe Grand — who is based in Portland also known by his hacker alias “Kingpin” — uploaded a Youtube…
“# Coin Bureau Youtube channel hacked despite 2FA protection ” Coin Bureau, a popular information portal for cryptocurrency developments with over 600,000 followers on Twitter, experienced a security breach on its Youtube channel on Monday. Hackers allegedly uploaded a video with links to scam fiat/cryptocurrency addresses soliciting a token sale before being taken down by…
“# NFT marketplace bug undervalues tokens, helps exploiter nab $750,000 ” A bug in the front end of popular nonfungible token (NFT) marketplace OpenSea has reportedly led to an exploit allowing users to buy popular NFTs at their previous listing price. The bug seems to be prevalent with Bored Ape Yacht Club (BAYC) and Mutant…
“# Crypto YouTubers fall victim to hacking and scamming attempt ” Hackers attacked a number of popular crypto YouTuber accounts at some point during the afternoon of Jan. 23. The accounts posted unauthorized videos with text directing viewers to send money to the hacker’s wallet. Accounts who appear to have been targeted by the attack…
“# Multichain hacker returns 322 ETH, keeps hefty finders fee ” In a dramatic twist, one of this week’s Multichain hackers has returned 322 ETH ($974,000 at the time of writing) to the cross-chain router protocol and one of the affected users. However the hacker kept 62 ETH ($187,000) as a “bug bounty”, and a…