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“# 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…
“# Cream Finance launches $1.5M bug bounty to improve DeFi security ” Decentralized lending protocol Cream Finance is backing another major effort to improve the security of decentralized finance. On Tuesday, Cream Finance announced a new security campaign in collaboration with several DeFi platforms like Immunefi, Armor and DeFiSafety to bring stronger security to its…
“# Smart contract exploits are more ethical than hacking… or not? ” There has been a lot of talk about the recent “hacks” in the decentralized finance realm, particularly in the cases of Harvest FInance and Pickle Finance. That talk is more than necessary, considering hackers stole more than $100 million from DeFi projects in…
“# Over 10,000 blacklisted BTC from 2016 Bitfinex hack on the move ” A tranche of long-dormant Bitcoin seized in the 2016 hack of the Bitfinex cryptocurrency exchange are on the move today, an over $620 million sum that has some market participants spooked and may be contributing to a downward slide for Bitcoin. Blockchain…
“# FORCE token sees volatile 24 hours following coordinated attack on ForceDAO ” Hackers made off with 183 Ethereum (ETH), worth roughly $386,000 at the time of writing, following a coordinated attack on DeFi platform ForceDAO Sunday. Following an initial selloff, ForceDAO’s native FORCE token was in recovery mode on Monday, capping off a highly…
“# DeFi aggregator raided by five hackers on launch day ” Fledgling decentralized finance protocol ForceDAO has had a rough start, with several incursions from hackers taking place just hours after it launched. The Ethereum-based yield aggregator had only just launched its airdrop campaign on April 3 when four malicious “black-hat” hackers managed to drain…
“# Half a billion people just had their Facebook data leaked ” According to a security analyst, sensitive personal information for over half a billion Facebook users was leaked on a well-trafficked hacking forum earlier today — a potential risk to millions of cryptocurrency traders and hodlers who now may be vulnerable to sim swapping…
“# Former US Director of the Cybersecurity: Crypto ransomware ‘running wild’ ” Former Department of Homeland Security official Christopher Krebs called for greater governmental oversight of cryptocurrency in an interview yesterday, saying that anonymous payments are a threat “the average American is concerned about.” In an interview on Late Night with Bill Maher, Maher asked…
“# Default auditing for DeFi projects is a must for growing the industry ” The radical opportunity presented by decentralized finance has garnered significant attention from investors and speculators alike. The total value locked in DeFi protocols grew over 2,500% in 2020, from around $700 million in January 2020 to over $20 billion in December…