Tag Archives: Hacking

The Shido blockchain, a layer-1 proof-of-stake project, has been hit by an exploit that saw billions of its native token, Shido, siphoned away. This incident led to the Shido token plummeting by 94% in value within just 30 minutes. Over 4.3 Billion Tokens Lost in Exploit According to reports from blockchain security firm PeckShield, the attack resulted in the loss of over 4.3 billion Shido tokens. This accounted for nearly half of its circulating supply, which had a value of...

Hayden Adams, the founder of Uniswap, took to social media to alert the crypto community about a new wave of scams targeting users through deceptive user interfaces (UIs) in crypto wallets. Adams’ warning sheds light on how scammers are leveraging fake clones of Ethereum Name Service (ENS) domains to deceive users and potentially siphon funds. How the Scam Works In a post on X, Adams expressed his concern, stating, “first time I’ve seen this scam, so posting it as a heads up...

PlayDapp, a South Korean blockchain-based game development platform and non-fungible token (NFT) marketplace, has lost over $290 million in crypto from an exploit lasting four days. According to a tweet from the platform’s team, the smart contract of PlayDapp’s native token, PLA, has been paused, and preparations are ongoing to conduct a snapshot for migration. PlayDapp Hacked for $290M PlayDapp’s woes began on February 9 when an unauthorized wallet minted 200 million PLA...

Apple users have been urged to be vigilant as cybersecurity firm Kaspersky reports a verified macOS exploit targeting the latest operating system version. The exploit is designed to deceive Bitcoin and Exodus wallet users into unwittingly downloading a fraudulent version of the software. Crypto-Stealing Malware Targets macOS Users Kaspersky mentioned that the malware, distributed through pirated applications, is distinctive in its focus on compromising wallet applications....

On January 26, the Twitter account of Staci Warden, the CEO of the Algorand Foundation, was hacked. The breach was announced via an official post by the Algorand Foundation, cautioning the community against interacting with any links or responding to private messages from the compromised account to prevent potential asset theft. Hacker Urges Community to Dump ALGO for ETH The hacker, who took control of Warden’s account, posted a derogatory message aimed at the Algorand...

On Monday, the Securities and Exchange Commission (SEC) disclosed that multi-factor authentication (MFA) on its X account was disabled leading up to a false post earlier this month, just before the formal approval of spot Bitcoin ETFs. The incident occurred on Tuesday, January 9, 2024, when the SEC’s @SECGov X account was compromised, and unauthorized posts regarding the approval of spot Bitcoin exchange-traded funds emerged. SIM Swap Attack According to a statement released...

Several Web3 firms have been impersonated in an ongoing coordinated phishing attack in the crypto community. According to a tweet by on-chain sleuth ZachXBT, investors have been receiving phishing emails from sources claiming to be from platforms like decentralized applications and crypto wallet bridge provider WalletConnect, full stack on-chain data platform Token Terminal, decentralized finance portfolio tracker De.Fi, and crypto media house Cointelegraph. Ongoing...

CertiK’s latest report reveals a noteworthy decline in cryptocurrency security incidents in 2023. Total losses came down to $1.84 billion across 751 events, marking a 51% decrease from 2022. Moreover. each incident averaged $2.45 million in losses, with the top ten contributing $1.11 billion. Interestingly, the blockchain security firm found that the median loss per incident was a mere $101,132. November claimed the highest amount lost at $363,367,327 from 45 incidents, while...

Cross-chain lending protocol Radiant Capital has suffered a hack resulting in the loss of 1,900 ETH, equivalent to approximately $4.5 million, according to blockchain security and analytics firm PeckShield Inc. Radiant Capital operates as a decentralized borrowing and lending protocol featuring cross-chain functionality built using LayerZero technology. As of the latest data from DefiLlama, the protocol has around $315 million in total value locked. Radiant Capital...

The crypto remittance mobile application Telcoin has suffered an exploit that led to the loss of approximately $1.3 million in digital assets. According to an X update from the Telcoin team, the security attack affected wallets that have never initiated transactions on the platform. Telcoin Loses $1.3M in Security Exploit The Telcoin team announced they were aware of the situation late Monday and temporarily froze the app to resolve the issue. “We are aware of the situation...