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“# Curve liquidity providers see $3M windfall from $11M Yearn Finance exploit ” DeFi protocol Yearn Finance has reported that its V1 yDAI vault was exploited by a hacker to the tune of $11 million on Feb. 5. However, the hacker failed to reap the lion’s share of the heist, with Curve liquidity providers making…
“# KuCoin CEO says insurance covered 16% of losses from $285M hack in 2020 ” KuCoin CEO Johnny Lyu has revealed that users did not suffer losses on account of the hack that occurred in 2020. The KuCoin chief made this known as part of a letter titled “2020, 2021, and Beyond.” Back in September…
“# Breach at Indian exchange BuyUCoin allegedly exposes 325K users’ personal data ” Users of Indian crypto exchange BuyUCoin have reportedly been affected by a breach compromising personal data of more than 325,000 people. According to a report from Indian news outlet Inc42, a hacking group by the name of ShinyHunters leaked a database containing…
“# The impact of Bitcoin hacking incidents in the crypto market ” In the 2013–2017 period, 29 hacks occurred in the Bitcoin market where a total of 1.1 million Bitcoin were stolen. Noting that the average price for Bitcoin (BTC) in December 2020 exceeded $20,000, the corresponding monetary equivalent of losses is more than $22…
“# Japanese police are investigating 30 people allegedly involved in the 2018 Coincheck hack ” Authorities in Japan are reportedly targeting individuals for their alleged involvement in the January 2018 hack of the Coincheck crypto exchange. According to a Jan. 22 report from Japanese news outlet Nikkei Asia, police have arrested or referred roughly 30 people in…
“# Origin Protocol begins accepting compensation claims following $7M exploit ” Origin Protocol, a DeFi stablecoin project, will begin accepting claims from users who were affected by a $7 million exploit that occurred back in November 2020. According to a blog post from Origin on Jan. 20, the project announced it will be making good…
“# Cybersecurity firm uses encrypted hard drive with Bitcoin to test applicants ” Researchers wishing to apply to New York-based Red Balloon Security have to complete an unusual technical interview as part of their application process: unlocking a hard drive containing crypto. According to a report from Business Insider, Red Balloon sends the hard drives…
“# After alleged hack, Russian crypto exchange Livecoin shuts down ” Russian cryptocurrency exchange Livecoin has announced it is shutting down after abruptly halting operations in late December 2020. According to Livecoin’s main page, the exchange is unable to continue operations due to financial and technical damages caused by an alleged attack on its servers…
“# Ledger owners report chilling threats after 20K more records leaked ” Ledger users are receiving threatening emails in the wake of the hardware wallet manufacturer reporting that 20,000 more of its customers have been affected by another massive data breach. One or more extortionists using the names Darrin Burlew and Denni Hornig have reportedly…
“# Bitcoin payments are the ‘second stupidest idea I’ve heard,’ says Late Show’s Stephen Colbert ” Stephen Colbert, the charismatic host of CBS’ The Late Show, isn’t holding back his punches or his jokes when it comes to Bitcoin. In a segment dubbed “Quarantinewhile,” which features a roundup of amusing news stories for viewers to…