Tag Archives: hacks

As the holiday season arrives, exploiters seem to be unusually active, and this time, Thunder Terminal fell victim to their efforts, losing $240,000. While the team behind the on-chain trading platform said no private keys or wallets were compromised, the hacker disputes this assertion, insisting on an additional ransom for user data. Holiday Havoc In the incident report, Thunder emphasized that the breach resulted in losses of 86.5 Ether and 439 Solana, equivalent to...

On the 30th of July, four Curve Finance pools were exploited due to a re-entrancy bug made possible by the Vyper programming language. The hackers attacked four mining pools and made off with a total of $73.5 million. Almost immediately, the community sprang into action – Curve itself extended the standard olive branch, offering to treat the incident as a white hat incident in return for 90% of the stolen funds being sent back. Meanwhile, genuine white hats also went after...

Wallet drainers are a type of scam that generally operates by cloning a legitimate website, fooling the target into providing their crypto wallet credentials, and then executing a smart contract that sends the users’ funds to bad actors. ?1/ Alert: A ‘Wallet Drainer’ has been linked to phishing campaigns on Google search and X ads, draining approximately $58M from over 63K victims in 9 months. pic.twitter.com/ye3ob2uTtz — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer)...

A TRM Labs research has revealed that the cryptocurrency industry witnessed a downturn in hack volumes in 2023, with a more than 50% reduction compared to the previous year. Despite a consistent number of attacks, around 160, the total value stolen dropped dramatically to $1.7 billion, less than the nearly $4 billion lost in 2022. A Closer Look at the Figures Since the inception of cryptocurrency in 2009, hackers have stolen billions of dollars in digital assets annually. In...

A former senior security engineer, Shakeeb Ahmed, pled guilty to the hacking incident on the decentralized finance yield protocol, Nirvana Finance, along with another unnamed decentralized exchange (DEX). Ahmed will also forfeit over $12.3 million in stolen assets, with the United States Attorney’s Office of the Southern District of New York (SDNY) describing the case as the “first-ever conviction for the hack of a smart contract.” Two DEX Attacks in One Month In a press...

On the 17th of November, an unknown individual who may have been working as part of a team targeted the dYdX exchange and its YFI token. Allegedly, the same actor had previously tried a similar strategy on the exchange’s SUSHI market merely 2 weeks prior. Good Trades Or Malicious Intent? These trades, which the platform’s staff have classified as an attack, were done using a series of transactions that ultimately caused open interest on the exchange to surge by over $66...

According to the latest report from Immunefi, from January to October 2023, over $1.41 billion has been lost to hacking and fraudulent activities in 292 specific incidents. In October 2023 alone, losses amounted to approximately $22.2 million, primarily attributed to hacking and fraud. The most frequently targeted blockchain networks during the period were BNB Chain and Ethereum, accounting for 83.3% of the total losses among targeted chains. Immunefi disclosed that BNB Chain...

3Commas, a popular crypto trading bot, provides smart trading solutions for investors worldwide. Unfortunately, the popularity of the tool also makes it a big glowing target for bad actors, who are sometimes successful in their attempts at getting ahold of user data – or even the bot’s API data. Fortunately, the most recent attack was far more limited in scope. Unauthorized Trades Reported Towards the end of the weekend, 3Commas began receiving reports from users who saw that...

More than $3 billion in crypto funds have been stolen this year according to a new report issued by blockchain analysis firm Chainalysis. Chainalysis: Crypto Theft Has Reached a New High The crypto space is constantly in a rough spot. There are many people out there that are completely against any sort of regulation, as the crypto space was initially established to give traders and users complete financial independence. No prying eyes, no third parties, just people and...

When are all these cryptocurrency hacks and interferences going to stop?Hacks Are Not Going Away Anytime SoonIt’s a question that’s probably on every enthusiast’s mind. How can crypto gain mainstream or legitimate status if malicious actors continue to dominate the space? It’s not fair, it’s not right, and thus far, it’s not stoppable.This is the bottom line that has every trader worried. Crypto hacks, for the most part, appear unbeatable to one extent or another. Despite the advancements...