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“# $pickle in a pickle as attacker swipes $20 million in “evil jar” exploit ” In yet another attack on a major decentralized finance (DeFi) protocol, farming project Pickle Finance has been exploited today to the tune of $20 million. The attack transpired roughly two hours ago, and ETH-savvy Twitter users were quick to notice…
“# Smart contract standards: Making DeFi transactions on Ethereum more secure ” Decentralized finance continues to make its impact on the crypto market, and with over $13 billion of total value of assets locked, DeFi projects are clearly resonating with eager crypto investors. Yet while the DeFi space has been progressing over the last year, a number…
“# Value DeFi protocol hacker flooded with sob stories after returning $95K DAI ” On Nov 14, an unknown party exploited flash loans via the decentralized finance protocol Value DeFi to the tune of $5.4 million. A number of individuals have received a portion of their stolen funds back, however, after pleading with the hacker…
“#Microsoft says foreign hackers are targeting COVID-19 vaccine makers” Russian and North Korean hackers have tried to attack pharmaceutical firms that are racing to develop coronavirus vaccines, Microsoft said Friday. The tech giant said it has detected cyberattacks in recent months against seven major companies that are “directly involved” in researching vaccines and treatments for…
“# KuCoin recovered 84% of stolen crypto after $280M hack, says co-founder ” KuCoin cryptocurrency exchange has recovered the majority of funds lost in a $280 million hacking incident in September, a senior executive has said. Johnny Lyu, a co-founder and CEO at KuCoin, announced on Nov. 11 that the exchange has now recovered 84%…
“# Report: Crypto crimes declined in 2020, but DeFi hacks are on the rise ” Cryptocurrency-related crimes have slowed down in 2020, but some sectors within the crypto industry have become a new hotbed for criminal activity, a new report says. Citing major crypto analytics firm CipherTrace, Reuters reported on Nov. 10 that total losses from…
“# CertiK dissects the Axion Network incident and subsequent price crash ” On November 2, the Axion Network launched its new token, known as AXN. The project touted the asset as a new investment vehicle, claiming that it would be the most profitable blockchain of its kind to date. During the interim lead up to…
“# Report: Blockchain-related hacks have declined in 2020 ” The amount of cryptocurrency and blockchain-related hacks has been decreasing over the course of 2020, a new report claims. According to data analyzed by VPN provider Atlas VPN, the number of hacks in the first half of 2020 dropped more than three times compared to the…
“# Harvest Finance puts $100K bounty on alleged hacker ” Harvest Finance, a major decentralized finance protocol, has seemingly issued a $100,000 bounty in the aftermath of a $24 millon attack targeting its liquidity pools. In an Oct. 26 tweet, Harvest Finance said that there is enough data so far to identify the attacker, “who…
“# South Korean gov’t doesn’t know who will protect crypto exchanges from Kim Jong-Un’s hackers ” There has been a hot political debate underway on who should take responsibility for countering North Korean hacks targeting South Korean cryptocurrency exchanges. Recently, South Korea’s financial watchdog made it clear that they do not see this issue as…