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Tag Archives: News

LI.FI Provides Information About the Recent Hack

LI.FI, a bridging API connecting numerous blockchains that allows users to port assets cross-chain to use on DeFi protocols and other applications, was hacked a few days ago. While the amount of funds increased as the hack progressed, about $11.6 million got stolen from the protocol. LI.FI let its community know how this incident occurred. It integrated a new smart contract facet, shortly after which it experienced the attack. In its blog, LI.FI stated, “A vulnerability in this facet allowed...

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Hackers Trying to Brute Force Their Way into Mt. Gox Accounts Amidst Repayments

Mt. Gox creditors reported hackers trying to log into their accounts multiple times, with the defunct exchange sending them notifications through numerous failed attempts. As the exchange began paying its creditors, cybercriminals focused on breaking into their accounts to siphon large sums of bitcoin and Bitcoin Cash. Reddit users on the r/mtgoxinsolvency subreddit posted their experiences, confused about what to do now that they experienced the hacking attempts. User u/ovkovk posted, “Just...

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