Tag Archives: Hacking

In response to a substantial hacking incident on October 31, Unibot, a decentralized trading platform, has confirmed total compensation for users negatively impacted by the event. Despite a recent decrease in the value of Unibot tokens, the company remains confident of a strong recovery. Unibot Makes Traders Full As per reports, the attack led to a loss of approximately $600K, which Unibot has fully covered, incurring a significant cost of $1.78M for the company. The exploit...

Frax Finance, a prominent decentralized cross-chain protocol, has warned its users, urging them not to use the frax.finance and frax.com domains until further notice. The company’s founder, Sam Kazemian, has advised caution, emphasizing resolving the domain name issue before resuming normal operations. Frax Finance Faces Domain Hijacking The incident occurred early Wednesday when Frax Finance’s domain was hijacked. While the website currently points to the correct nameserver...

Telegram chatbot Unibot has lost around $640,000 worth of digital assets after a hacker managed to exploit a vulnerability in the newly deployed contract. The team behind the protocol said that it is currently investigating the issue and will soon release a detailed response. PeckShield reported that the attacker transferred the pilfered cryptocurrency to Uniswap, after which it was subsequently routed to the controversial crypto mixer, Tornado Cash. Lookonchain advised...

Stars Arena said that the platform’s CEO Chill Pill, resigned from their position, a move that comes nearly a month after the decentralized social finance (SocialFi) application suffered a major smart contract exploit. Meanwhile, the protocol’s total value locked (TVL) currently stands at a little above $300,000, a significant decrease from a TVL of nearly $3 million before the hacking incident. Unknown Stars Arena CEO Leaves Position Stars Arena announced the news of its CEO...

According to ChainArgos, a blockchain intelligence firm, the situation surrounding TEURO has become increasingly complex. TrueUSD, the stablecoin company responsible for currencies like TUSD and TGBP, has publicly stated that they have no association with TEURO. However, it is undeniable that the TEURO contract was deployed using one of TrueUSD’s private keys, ChainArgos says. TrueUSD confirmed a security breach as of the latest September 18, 2023 update. Considering that...

The Fantom Foundation has been drained of hundreds of millions of dollars from its crypto wallets by a phishing scammer, according to blockchain security firm CertiK. Fantom is a smart contract and Dapp platform focused on enhanced speed, making transactions more efficient than other layer-one blockchains like Ethereum. Tuesday’s hack affects only the Fantom Foundation – not the blockchain itself. Fantom Loses $7 Million The foundation, which oversees development for the...

Beluga, a Multichain AMM protocol, recently fell victim to a malicious hacking attack that scooped about $175K in crypto a few hours ago. This is just the latest hacks and cyber attacks that have been clouding the crypto space in 2023, stealing over a billion. Beluga Protocol Attacked As per the reports, this attack targeted the Beluga protocol deployed on the Arbitrum network. The news broke when security firm PeckShield reported the incident on X, mentioning that the...

The most significant flash loan attack in the BNB Chain was reported on Oct. 11 when an MEV bot made a massive arbitrage profit of $1.575 million. The attack, which passed through the Pancakeswap DEX network, only cost the perpetrating bot a fee of $4.16, leaving them with humongous profits. Large Single Flash Loan Attack on BNB Chain As per reports, the MEV Bot with address 0x216Ccf on the BNB Chain emerged as the record holder of the most significant single arbitrage profit...

Avalanche-based social app Stars Arena has recovered almost all the assets it lost during a recent security breach. According to an official update from the Stars Arena team, the hacker agreed to return the stolen $2.9 million in AVAX tokens for a 10% bounty and 1,000 AVAX lost in a bridge. Stars Arena Recovers Lost Assets CryptoPotato reported last week that Stars Arena lost its total value locked (TVL) via a security breach in its smart contract. Before the theft, hackers...

Ethereum, the second-largest blockchain network, suffered a substantial setback through a sandwich attack, losing over $9K. This data underscores an increasing problem of sandwich attacks in the crypto sphere, with over $1.3 million lost through such schemes in the past 30 days on the Ethereum chain. The Sandwich Attack According to Eigenphi’s data, on Oct. 9, the Ethereum network experienced a significant sandwich attack by the MEV bot (0x00…6B40), resulting in a profit of...