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“# Cream Finance to repay stolen Ether and Amp via protocol fees ” Decentralized finance (DeFi) protocol Cream Finance will pay back its users following a $18.8 million flash loan hack that occurred on Aug. 30. Cream has published a post-mortem to the AMP flash loan exploit, promising to replace the stolen Ether (ETH) and…
“# Cream Finance DeFi platform loses $19M in a flash loan hack ” Cream Finance, a major decentralized finance (DeFi) protocol focused on lending, has suffered a major exploit, with a hacker stealing nearly $19 million from its platform. An unknown hacker has managed to gain $18.8 million in the latest flash loan exploit of…
“# Bilaxy exchange suspends website after ERC-20 hot wallet hack ” Bilaxy, a lesser-known cryptocurrency exchange, has confirmed a major hacking incident, reporting losses of funds due to an exploit of the platform’s ERC-20 hot wallet. Bilaxy announced on its Telegram channel that the crypto exchange suffered a “serious hack” on Aug. 28 between 6…
“#Hacker behind huge T-Mobile data breach says company’s security is ‘awful’” The 21-year-old hacker who broke into T-Mobile’s servers and stole personal records for more than 50 million people says the company’s “awful” security made it easy — and that he did it for attention. “Generating noise was one goal,” hacker John Binns gloated in…
“#T-Mobile data breach has affected over 53 million customers” T-Mobile said on Friday an ongoing investigation into a data breach revealed that hackers accessed personal information of an additional 5.3 million customers, bringing the total number of people affected to more than 53 million. The third-largest U.S. wireless carrier said earlier this week that personal…
“# Digital intelligence must overcome challenges to solving crypto crimes ” While the value of cryptocurrencies has varied wildly in the last year, this has not diminished crypto’s attractiveness to criminals. Many of them are moving their illegal activities underground and outside the view of law enforcement. Because of the public nature of most blockchains,…
“# Bison Trails launches Binance Smart Chain support ” Bison Trails, an enterprise infrastructure provider for the blockchain and cryptocurrency industry, has extended support to developers of Binance Smart Chain — a move the company says will contribute to the health and security of the rapidly growing DeFi sector. Through Bison Trails, developers on Binance…
“# White hat potentially saves SushiSwap $350M by finding ‘obvious’ exploit ” The SushiSwap decentralized exchange has narrowly avoided becoming the latest DeFi hack victim thanks to assistance from a white hat hacker. A security researcher from venture capital firm Paradigm known on Twitter as “samczsun” has managed to save SushiSwap and its MISO platform…
“# Poly Network offers to on board ‘Mr. White Hat’ as chief security advisor ” Decentralized finance protocol Poly Network has offered the person behind a $610 million hack an advisery position and $500,000 — whether they like it or not. In a Tuesday update, the Poly Network team said, in a seeming attempt to…
“# The perfect storm: DeFi hacks will advance the crypto sector moving forward ” The rise of decentralized finance, or DeFi, could be paving the way toward a fully decentralized financial ecosystem. Yet, given the innovative nature of DeFi, the sector remains in constant development and is therefore prone to a number of vulnerabilities. Unsurprisingly,…