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“# DeFi hacks on Binance Smart Chain rise as TVL and volumes increase ” Binance Smart Chain, or BSC, was launched in September 2020 as a parallel blockchain to Binance Chain. It enabled the creation of smart contracts and a staking mechanism for the native token of both blockchains, Binance Coin (BNB). In its brief…
“# Rari Capital allocates $26M from developer fund to compensate hack victims ” Following a $10 million exploit over the weekend, decentralized finance protocol Rari Capital is formulating a plan to compensate victims. According to an official postmortem of the attack published May 9, the platform lost 2,600 ETH equal to 60% of all users’…
“# Rari Capital falls victim to $11 million exploit ” After a $11 million attack earlier today, Rari Capital is the latest decentralized finance (DeFi) protocol to fall victim to a high-priced exploit The platform, which builds optimized yield vaults and boutique lending pools, confirmed the attack in a Tweet and said that a full…
“# $85 million ‘Meebits’ NFT project exploited; attacker nabs $700,000 collectible ” Legendary NFT developers Larva Labs were the victims of an exploit this morning, as an attacker found a way to mint a rare NFT worth over $700,000 from the “Meebits” collection. The attacker, 0xNietzsche, teased the exploit on Twitter this morning, saying he…
“# Reeling from post-hack price slump, Easyfi reveals community compensation plan ” After a devastating hack, a cross-chain decentralized finance (DeFi) protocol has revealed today a temporary compensation plan for token holders and investors impacted by one of the largest exploits in DeFi history. In a Tweet today, EasyFi announced their “Interim Compensation Plan,” a…
“# Hotbit crypto exchange shuts down for maintenance after attempted hack ” Cryptocurrency exchange platform Hotbit has shut down all of its services after an attempted cyberattack on Thursday. “Hotbit just suffered a serious cyber-attack starting around 08:00 PM UTC, April 29, 2021, which led to the paralyzation of a number of some basic services,”…
“#Hacks: HBO Max Teases Premiere of Jean Smart Comedy Series” Hacks is coming soon to HBO Max, and the streaming service has released a preview teasing the comedy. In the series, Jean Smart will play a legendary Las Vegas comedian who becomes the mentor to a younger and entitled outcast. There will be 10 episodes…
“# DeFi hacks and exploits total $285M since 2019, Messari reports ” DeFi’s rising popularity since 2019 has seen the emerging market segment become a target for hackers and opportunistic profiteers. According to a report by crypto research company Messari, DeFi protocols have lost about $284.9 million to hacks and other exploit attacks since 2019….
“# Uranium Finance developer suspected of ‘leaking’ information leading to $50M exploit ” The $50 million exploit of Uranium Finance, a DeFi protocol on the Binance Smart Chain, may have been an inside job, according to a member of the project’s development team. The theory was put forward on Uranium Finance’s Telegram channel by a…
“# $50M reportedly stolen from BSC-based Uranium Finance ” Uranium Finance, an automated market maker platform on the Binance Smart Chain has reported a security incident that resulted in a loss of about $50 million. Tweeting on Wednesday, Uranium revealed that the exploit targeted its v2.1 token migration event and that the team was in…