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“# Claims process begins for creditors of liquidated crypto exchange Cryptopia ” The liquidator of now-defunct cryptocurrency exchange Cryptopia has launched the claims process to reimburse creditors following a 2019 hack. Professional services firm Grant Thornton, Cryptopia’s assigned liquidator, officially announced on Dec. 9 that creditors can now start the claims process on the Cryptopia…
“# Someone just moved $5M in BTC from the 2016 Bitfinex hack ” Back in 2016, 119,756 Bitcoin were stolen from the Bitfinex crypto exchange. Some of these coins have continued to move between wallets over the years, including as recently as Monday. Blockchain data shows that an unknown crypto user has moved 270.97974 Bitcoin…
“# As token price rises and reputation mends, Sushiswap foils midnight exploit ” As exploits and hacks run rampant across the DeFi ecosystem, at least one project appears to have fended off the worst of an attack — the once-maligned “vampire” AMM (automated market maker) exchange Sushiswap. Observers noticed last night that Sushiswap — which…
“# Finance Redefined: DeFi gets its first merger after a devastating hack, Nov. 18-25 ” Finance Redefined is Cointelegraph’s weekly DeFi-centric newsletter, delivered to subscribers every Wednesday. On Saturday, we saw one of the most complex smart contract hacks so far affecting Pickle Finance, a yield optimization protocol very similar to Yearn — an important…
“# 4 tips to avoid phishing attacks ” According to data provided to Cointelegraph by CipherTrace, roughly 85-90% of crypto owners fall prey to common crypto theft schemes, including phishing traps. How can the average crypto user identify and avoid these attacks to prevent the potential loss of funds? Know the source Phishing emails are…
“# Decentralized insurance protocol Cover holds vote to cover Pickle hack ” In what might be an important step towards the maturation of the decentralized insurance space, a claim was filed yesterday with DeFi insurance protocol Cover following the $19 million Dai hack of Pickle Finance — and so far, the majority of users want…
“# KuCoin inches closer to recovery by reopening deposits and withdrawals ” In the latest step towards full recovery after a devastating hack in September, Crypto exchange KuCoin announced today in a blog post that it has “restored the deposit and withdrawal services of all tokens.” The announcement follows a partial reopening that took place…
“# Cybercriminals attack GoDaddy-based cryptocurrency platforms ” Yesterday, security researcher KrebsOnSecurity reported that several cryptocurrency platforms hosted by popular hosting provider Godaddy have been attacked over the past week. According to KrebsOnSecurity, the attacks began on or around November 13th on cryptocurrency trading platform liquid.com. Liquid CEO Mike Kayamori said GoDaddy incorrectly transferred control of…
“# $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…
“# Finance Redefined: You get hacked, they get hacked, everyone gets hacked, Nov. 11-18 ” If people actually used insurance against hacks, this week would definitely have bankrupted a great many insurers. A total of four flash loan-enabled exploits were registered in the span of one week (one of them actually happened the week before,…