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Tag Archives: Hacking

A Month Later: Cream Finance Reports Recovering $16M of the Stolen Funds

Roughly a month after getting exploited for the second time this year, Cream Finance has reported that it has recovered more than $16 million of the funds. CryptoPotato reported on August 31st this year when the decentralized finance protocol Cream Finance suffered another security breach – this time, roughly $25 million in ETH and AMP were stolen. At the time, the team behind the project promised to investigate the manner and provide frequent updates. Now, approximately a...

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Coinbase Admits Getting Compromised: At Least 6,000 Users Affected

The largest US-based cryptocurrency exchange has admitted to being exploited earlier this year when hackers stole assets from approximately 6,000 users. The company vowed to reimburse all affected users. According to a copy of the letter sent to the affected customers, which was available on the website of California’s Attorney General, the exploits took place somewhere between March and May 20th this year. It reads that an unauthorized third party had gained access to the...

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$12M in Bitcoin Stolen in the Latest DeFi Hack Against the Cross-Chain Protocol pNetwork

The cross-chain DeFi protocol, pNetwork, has informed that it has become the latest victim of a security breach. By leveraging a codebase bug, the unknown perpetrator has stolen 277 bitcoins. As announced by the team behind the project, the hacker “was able to leverage a bug in our codebase and attack pBTC” on the Binance Smart Chain (BSC). Ultimately, he managed to take 277 bitcoins, most of which were collateral. Even with today’s prices when the cryptocurrency dumped by...

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Hacked C.R.E.A.M. Finance Promises to Repay Users With Protocol Fees and Offers 10% Bounty Bug

The popular DeFi protocol Cream Finance, which became the latest hack victim earlier this week, will allocate 20% of all the fees it charges to repay the affected customers. Additionally, the project has offered a bug bounty to the still unknown perpetrators and up to 50% for third parties who can assist with recovering the funds. What Happened to Cream? CryptoPotato reported earlier this week when Cream Finance – a permissionless, open-source, blockchain agnostic platform –...

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Bilaxy Exchange Hacked: Users Urged Not to Deposit

Bilaxy, a Seychelles-based digital asset trading platform, reported earlier on August 29th that some of its wallets were compromised. While the exchange hasn’t confirmed the amount stolen yet, some estimations claim that it could be around $450 million in various cryptocurrencies. Bilaxy’s official Telegram channel saw several updates today indicating that the platform had temporarily stopped its services due to maintenance. A few hours later, though, the exchange took it to...

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Poly Network Drama is Over: Hacker Returns the Remaining $141 Million

The Poly Network drama seems to be officially over as the hacker has returned the remaining $141 million, according to a blog post from the DeFi project. ‘Full Asset Restoration’ Begins As per the announcement, at 8:39 AM UTC, Mr. White Hat gave his private key to the 3/4 multi-signature wallet in an embedded message, retrieving the 28,853 ETH and 1,032 WBTC (Wrapped BTC) left and giving Poly Network the green light to return full asset control to users. The team had to...

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PolyNetwork’s Hacker Returns All Funds on Ethereum and Refuses a $500K Bug Bounty

After swiping more than $600 million in various cryptocurrencies, the anonymous PolyNetwork hacker has successfully transferred back most of the funds. He also rejected a $500,000 bounty offer and outlined plans to return all funds. CryptoPotato reported the record-setting hack earlier this week when PolyNetwork’s blockchain experienced a massive security breach. The anonymous perpetrator swiped over $600 million in various digital assets. While stealing money from a DeFi...

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DAO Maker Hacked: Project Reports No ‘Detrimental’ Damages Despite 5,251 Affected Users

The multi-investment DeFi platform Dao Maker has become the latest victim to a security breach in the industry. The attackers have managed to affect over 5,000 accounts holding USDC. At first, Wu Blockchain took it to Twitter to indicate that the popular platform has fallen victim to a hack. The perpetrators supposedly transferred out USDC from about 9,000 or 10,000 such accounts and replace the funds with 2,261 ETH (worth approximately $7 million as of writing these lines)....

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Hacker Behind PolyNetwork’s $600M Exploit Started to Refund the Money

After saying he was prepared to refund the stolen funds from the infamous $610 million hack, the perpetrator has made the first transaction worth $1 million in USDC. CryptoPotato reported earlier on August 11th that the unknown hacker, who breached PolyNetwork’s security and stole over $600 million in various digital assets, had decided to return the funds. This came after dabbling with the idea of creating a new token and allowing the DAO to decide what to do with the...

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The $600M PolyNetwork Hack: What Exactly Happened and What Investors Should Be Aware of

PolyNetwork, an interoperability protocol enabling atomic-cross chain transactions between multiple major blockchains, was just exploited to steal $600 million worth of investor’s crypto on Polygon, Binance Smart chain, and Ethereum What Exactly Happened? As reported by CryptoPotato earlier today, PolyNetwork announced that they had been attacked at 8:38 am EST. They immediately listed the addresses to which the anonymous hacker had transferred their funds on the ETH, BSC,...

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