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“# How do DeFi protocols get hacked? ” The decentralized finance sector is growing at a breakneck pace. Three years ago, the total value locked in DeFi was a mere $800 million. By February 2021, the figure had grown to $40 billion; in April 2021, it attained a milestone of $80 billion; and now it…
“#Hackers behind $610M crypto heist return money, may get ‘bug bounty’” The hackers who pulled off the largest cryptocurrency heist in history “for fun” have returned the money — and the company that they stole from wants to pay them for their service. The decentralized finance platform that was hacked, called Poly Network, confirmed late…
“# London court orders Binance to trace hackers behind $2.6M Fetch.ai attack ” Artificial intelligence research lab Fetch.ai has been granted a request to have major cryptocurrency exchange Binance identify individuals behind a $2.6 million hack. According to a Friday Reuters report, the Royal Courts of Justice in London has ordered Binance to identify the…
“# DAO Maker crowdfunding platform loses $7M in latest DeFi exploit ” Hackers have stolen funds out of more than 5,000 user accounts with crowdfunding platform DAO Maker, a site aimed at raising money for crypto projects. According to a report from DAO Maker CEO Christoph Zaknun, hackers were able to remove roughly $7 million…
“# Poly Network hacker returns $258M, conducts AMA on how it went down ” The Poly Network hacker has now returned $258 million to the cross-chain DeFi protocol and conducted a question and answer session detailing how the initial hack went down. In what is being described as the largest DeFi hack to date, the…
“# Poly Network hacker returns less than 1% of the $600M theft ” These transfers have occurred across the three wallets associated with the Poly Network hacker across the Ethereum, Binance Smart Chain (BSC) and Polygon networks. Poly Network confirmed receipt of the returned funds via a tweet issued on Tuesday. Details from Etherscan show that…
“# Poly Network hacker appears ready to return stolen funds ” Following a massive $600 million exploit of cross-chain protocol Poly Network, the Poly Network hacker has claimed his willingness to return the stolen cryptocurrency funds. At about 4:00 UTC on Wednesday, the hacker sent an Ethereum transaction to themselves, stating that they were “ready…
“# Hackers stole at least $600M in Poly exploit across three chains ” In what may be the largest attack in decentralized finance, unknown hackers used an exploit on cross-chain protocol Poly Network to remove at least $610 million from three chains. According to a Tuesday update on Twitter, Poly Network said the attacks had…
“#Russians hacked 27 US attorney offices including SDNY” Russian hackers breached the Microsoft email accounts used by 80 percent of the staffers in New York’s four US attorney offices last year, the Justice Department said. Large numbers of staff were hit in the Southern and Eastern Districts of New York, which handle some of the…
“#NYC Council’s gift to hackers in the name of helping restaurants” One more thing to worry about: The City Council’s primed to pass a bill forcing apps like DoorDash and Grubhub to give restaurants the name, address, email, phone number and order history of every customer who orders from them — with zero provisions for…