A new and significant hack on a bridge system is just another problem in the string of problems affecting the crypto world this month. AFX Trade, which runs on Arbitrum, lost $24.15 million worth of USDC. Attackers exploited AFX’s bridge, and several blockchain security firms detected the attack almost immediately.
One flaw in the price-setting mechanism of 42DAO led to one of the most recent disruptions in the decentralized finance ecosystem this year. Hackers took advantage of the vulnerabilities in the oracle design of the protocol. This resulted in the theft of about $912,000 and dropping Balance Coin (BLC) by
A hacker used a legacy royalties contract on the Polygon platform and made away with about $261,200 worth of cryptocurrency in recent times. The security firm TenArmorAlert identified the unusual transaction on June 23 and tracked down the exploit transaction. The blockchain shows that the hacker carried out the attack
On March 15, Venus Protocol revealed that it has found some suspicious trading activity in its liquidity pool for the Thena (THE) token. For clarification, Venus operates as a lending and borrowing platform, and THE is the native token of the Thena DeFi platform. Venus has appointed Allez Labs as
A cryptocurrency holder has stated that hackers have stolen around $24 million in a crypto robbery after a violent assault. Although the blockchain security analysts are now tracking the movement of the funds on-chain. An X user with the username “Silly Tuna” claimed that the theft happened at the time
An ETH address associated with past decentralised finance exploits shifted over $2 million worth of tokens after being inactive for around one year. As per Lookonchain data shared on X, the wallet named 0x3EBF sold a big portion of UNI, LINK, CRV, and YFI in only one activity. The blockchain
The Department of Justice of the United States has initiated the seizure of $7.74 million in crypto, reportedly earned by North Korean IT workers by using fake identities and working at blockchain companies as remote contractors. In April 2023, the funds were frozen in an indictment against Sim Hyon Sop.
A decentralized liquidity pool, Curve Finance has changed its official web domain from Curve.fi to Curve.finance after a DNS hijack that opened the way to a phishing attack. A spokesperson of the platform revealed that the new domain is safer to use. He also made clear that all the funds
Ethereum has been known for its weak market performance for the past several months. Even though the pectra upgrade brought some hopes to improve the network, its implementation is not going as per initial schedule. An unknown attacker exploited the upgrade on Sepolia mainnet recently. This further delayed the Pectra
The THORchain, a decentralized liquidity protocol platform and network infusing various DeFi based services and asset deposits for poolings and much more. However, THORchain has been the major talk on the hack attacks upon the platform. The platform has suffered so far three attacks this year alone. And the third
