Palo Alto Networks CEO Nikesh Arora warned that “bad actors are getting faster” and stressed that companies need to beef up cybersecurity defenses.
Crypto Hacks and Exploits Cost Traders $303M in July; Worst Month of 2023
Some $52 million of assets were siphoned from Curve Finance just this weekend.
Curve Finance Exploit Puts $100M+ Worth of Crypto at Risk; CRV Token Tumbles
Curve, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, has been the victim of an exploit according to a tweet from the project. Upwards of $100 million worth of cryptocurrency are at risk due to a “re-entrancy” bug in Vyper, a programming language used to power parts of the Curve system. Several stablecoin pools on the platform — used for pricing and liquidity on a number of different DeFi services — have been drained by hackers so far.
ZkSync’s Largest Lender Struck by $3.4M Exploit
EraLend, the largest lending protocol on Ethereum scaling blockchain zkSync, has been hit by a $3.4 million reentrancy attack, according to blockchain security firm CertiK.
Connext, Alchemix launch cross-chain token standard to reduce bridge exploit losses
The two protocols will implement a standard for issuers to control the “canonical” minting of tokens, helping to reduce losses from unofficial bridges.
What Mastodon’s Critical Bug Fixes Say About Crypto’s Security Vulnerabilities
Bridge Exploits Cost $2B in 2022, Here’s How They Could Have Been Averted
The bridges that are essential to our multi-chain cryptoverse are vulnerable to hacks. But an analysis of some of the biggest exploits of the past year reveals that applying multiple security measures in combination could have blocked the attacks, writes Gnosis co-founder Martin Koppelmann.
Crypto Hacks Are Down and Hackers Tend to Return Stolen Money: TRM Labs Report
The sanctions against Tornado Cash, as well as last year’s arrest of the Mango Markets infiltrator, motivate hackers to return their loot, researchers believe.
April’s crypto scams, exploits and hacks lead to $103M lost — CertiK
The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023.
Huobi and Gala Games to Give $50M to Victims of pGala Scheme
The firms will compensate the scheme’s victims while fighting for millions in damages from the cross-chain bridge that covered up the token-printing scheme.
Euler DeFi Protocol Exploited for Nearly $185M
The losses occurred over four transactions in dai (DAI), wrapped bitcoin (WBTC), staked ether (sETH) and USDC.
7 DeFi protocol hacks in Feb sees $21 million in funds pilfered: DefiLlama
DeFi platforms lost over $21 million to hackers throughout February, according to data released by DeFi project aggregator DefiLlama.
DeFi exploits and access control hacks cost crypto investors billions in 2022: Report
Cyber criminals used a variety of methods to siphon funds through hacks and exploits in 2022, amounting to over $2.8 billion in losses.
Crypto exploit losses in January see nearly 93% year-on-year decline
Around $8.8 million was lost to crypto exploits in January, a massive decline from the figures this time last year.
Why DeFi should expect more hacks this year: Blockchain security execs
One reason is that “hackers have gotten smarter, gained more experience, and learned how to look for bugs,” according to the founder of a crypto auditing firm.
Metaverse exploitation and abuse to rise in 2023: Kaspersky
Cybercriminals will flock to the Metaverse next year to prey on unsuspecting virtual world participants according to a report by cybersecurity firm Kaspersky.
Scary stats: $3B stolen in 2022 as of ‘Hacktober,’ doubling 2021
Blockchain security firm Peckshield shared the stats on Halloween night, but also added the month saw $100 million in crypto returned.
FBI issues alert over cybercriminal exploits targeting DeFi
Smart contracts governing DeFi platforms identified as a particular cause for concern for the enforcement agency.
CipherTrace expands to cover Binance Smart Chain amid wave of exploits
Binance beefs up blockchain analytics amid a surge in DeFi exploits.
Alpha Homora defies market slump, bolsters TVL and token price on v2 relaunch
The leveraged yield farming protocol looks to put multiple missteps in the past with a successful relaunch.