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“# DeFi protocol Grim Finance lost $30M in 5x reentrancy hack ” The decentralized finance (DeFi) protocol Grim Finance reported $30 million in losses due to a reentrancy exploit of the platform’s deposits. Grim Finance officially announced on Dec. 18 that an “external attacker” had exploited the DeFi platform, stealing “over $30 million” worth of cryptocurrencies….
“# 3 reasons why Nexus Mutual (WNXM) price is holding steady in a volatile market ” There is always going to be risks involved with interacting with cryptocurrencies and recent proof of this can be seen over the past few weeks after savvy hackers managed to abscond with millions of dollars worth of tokens from Bitmart, AscendEX…
“#Apple, Cloudflare and Minecraft face security risk” Apple, Cloudflare and Minecraft could be at risk from a “critical” security flaw, experts have warned. The Department of Homeland Security’s top cyber chief has urged companies and governments to move quickly as hackers swoop in. Meanwhile, all federal agencies have been ordered to update their software urgently. Jen…
“# AscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise ” Crypto trading platform AscendEX suffered a loss of $77.7 million in a hot wallet compromise that allowed hackers to access and transfer tokens hosted over the Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (POLY) blockchains. Soon after realization, AscendEX proactively warned its…
“# Indian prime minister Modi’s hacked Twitter account attempts BTC scam ” The official Twitter account of Indian Prime Minister Narendra Modi got compromised earlier today, which was then used to share misleading information about the mainstream adoption of Bitcoin (BTC) and redistribution of 500 BTC among the Indian citizens. On Dec. 10, Modi said…
“# Huobi and Shiba Inu community to help BitMart overcome $200M hack ” Following a near $200 million hack on the BitMart exchange, the Shiba Inu (SHIB) community and crypto exchange Huobi Global aim to help the exchange strengthen security and track inflows of stolen assets. On Dec. 5, crypto exchange BitMart became victim to…
“# Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit ” Crypto exchange Bitmart lost nearly $200 million in a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains. The $200 million Bitmart hack was first revealed by Peckshield, a blockchain security and data analytics company, who initially identified…
“# Finance Redefined: Two DeFi hacks top $120M, and $500M Algo Fund launches, Nov. 26–Dec. 3 ” Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. A week packed with positive advancements in the DeFi space including nine-figure fund raises, successful product launches and soaring token prices was somewhat tarnished by the news of…
“# Crypto lending firm Celsius reportedly affected in BadgerDAO exploit ” Cryptocurrency lending platform Celsius has reportedly lost over $50 million in the exploit of decentralized finance (DeFi) protocol BadgerDAO. As reported by Cointelegraph on Dec. 2, the attack targeted the protocol on the Ethereum network, reaping an unconfirmed $120 million in assets. According to…
“# DeFi disasters: $31M drained from MonoX and BadgerDAO losses top $120M ” More than $150 million has been lost this week in separate security breaches at DeFi projects MonoX and BadgerDAO. Multi-chain decentralized exchange (DEX) MonoX (MONO) suffered a cyber attack on Nov. 30 leading to about $31 million in losses. BadgerDAO (BADGER) suffered…