Tag Archives: Hacking

Optimism network-based decentralized credit market Exactly Protocol became the target of exploitation on August 18th. The breach resulted in a significant drop in the platform’s total value locked (TVL). Meanwhile, Exactly’s recently-announced native token – EXA – slumped by more than 27% over the past day. The protocol was halted temporarily. Another DeFi Project Hacked Blockchain security firm PechShield was the first to alert Exactly Protocol of the attack and warned users...

The second-largest decentralized exchange on the newly released Base blockchain – RocketSwap – announced eliminating any existing high risks and vulnerabilities a day after sustaining a “brute force hack of the server” where the platform stored its private keys. The RocketSwap team confirmed relinquishing minting rights, which is part of its recovery plan. In a new update, the protocol said it has retained only low-risk rights to allocate new pools. The locked initial...

Crypto infrastructure giant Fireblocks has publicly revealed security vulnerabilities in the technology used by over a dozen major digital asset wallet providers. If unaddressed, the company warned that attackers could exploit the bugs to steal from millions of customers. The Bitforge Exploits The set of vulnerabilities – collectively referred to as “Bitforge” – apply to popular multi-party-computation (MPC) protocols, including GG-18 , GG-20, and Lindell17. These protocols...

Estonian crypto-payments service provider CoinsPaid found that the notorious hacking group Lazarus spent six months tracking and studying the platform before finally attacking on July 22nd. ConsPaid collaborated with cybersecurity firm Match Systems to track the perpetrators’ steps minute by minute, as well as identify what services and platforms were used to launder the funds. In a press release shared with CryptoPotato, the platform said that Lazarus Group spent half a year...

Cypher Protocol, a Solana-based futures DEX, has been forced to pause its smart contract in the wake of an exploit that resulted in a loss of more than $1 million. The Why Late last night, Cypher’s devs announced that they had suffered a “security incident”, resulting in the need to pause their smart contract until a post-mortem was carried out. An appeal to the hacker was also made, promising a discussion on the next steps should the bad actor care to reply. Cypher has has...

The hackers behind the recent exploit of several pools on the decentralized exchange Curve Finance have returned approximately 73% of the stolen crypto assets, accounting for about $52.3 million. Blockchain security firm PeckShield revealed Monday that Curve Finance lost $73.5 million in the hack. With the amount recovered so far, the exchange is looking to recoup the remaining $19.7 million. Curve Finance Recovers $52M of Stolen Assets Eight days ago, Curve Finance suffered...

Decentralized exchange Curve Finance has teamed up with Metronome and Alchemix to offer a 10% bug bounty to the attackers behind the recent exploit that saw more than $50 million siphoned off the platforms’ pools. According to an on-chain message on one hacker’s Ethereum address, the protocols are willing to cease the pursuit of the case if the attackers return 90% of the stolen funds, keeping 10% for themselves. Curve, Metronome, and Alchemix Offer Hacker 10% Bounty Recall...

Cybercriminals are increasingly moving away from ransomware attacks and opting for a more covert strategy of utilizing stolen computing power to mine digital currency. To increase their likelihood of success, these malicious entities constantly vary their tools, tactics, and procedures, remaining adaptive and evasive in their approach. According to SonicWall, the publisher of cyberattack intelligence and ransomware data, cryptojacking incidents are soaring alarmingly. This...

A security outfit led by ethical hackers who specialize in security audits claimed to be offered a $500 bounty by DxSale Network, a decentralized token launchpad, after informing the platform of a breach that could cost it over $5 million. The reward is one of the lowest ever offered to a white hat hacker. $500 Reward for Saving $5 million Decurity, in a recent blog post, revealed that one of its researchers on June 28, 2023, discovered a bug in an unverified smart contract...

The recently hacked cross-chain router protocol Multichain announced it is shutting down its operations, citing a lack of operational funds and information about its CEO Zhaojun, who is in the custody of Chinese police. The latest update provided by the team confirmed the rumors about the exec’s arrest. On July 14, Multichain took to Twitter to reveal that Zhaojun has been out of contact with the team since being apprehended by the Chinese police from his home. His sister was...