On December 10th, a flash loan attack was conducted using the Arbitrum-based Lodestar Finance lending protocol. An attacker, as reported by Lodestar, artificially inflated the value of the plvGLP token used on the PlutusDAO platform. And then used that token to drain the platform dry of all available liquidity. Lodestar
It was reported on November 4 by prominent blockchain security outfit PeckshieldAlert and on-chain sleuth ZachXBT that a phishing scammer using the alias Monkey Drainer has stolen 7 CryptoPunks and 20 Otherdeed NFTs. Monkey Drainer just stole another 7 Crypto Punks and 20 Otherside NFTs worth $800k (520 ETH) 0xc2C05F11f6e4Dfba016982811Ab12c361E63f466
Deribit places 99 percent of its cash in cold storage. Withdrawals would not be allowed until full control is regained. This year, crypto hacking has become a serious problem for some of the most prominent cryptocurrency exchanges. Recently, Deribit has just fallen victim to a hack. The Deribit cryptocurrency exchange
It was a phishing effort targeting unsuspecting customers. The bulk of the stolen funds are still sitting in Monkey Drainer’s wallet balance. The renowned fraudster “Monkey Drainer” has stolen about 700 ETH, or around $1M, in the previous 24 hours. Wallets with the last digits 0x02a and 0x626 were two
Price manipulation is the problem, as Peckshield put it in a tweet. Peckshield’s blog post revealed that the vulnerability had been reported by Chainsecurity. On October 24th, Quickswap detailed how a $220,000 hack occurred in the Market XYZ lending market. Quickswap Lend is closing, the team announced on Monday through
The Olympus treasury holds a variety of assets including DAI and FRAX. OlympusDAO is a decentralized reserve currency system using the OHM token. Early this morning, a hacker stole 30,000 OHM tokens from OlympusDAO, which are valued at over $300,000. However, hours later, the attacker returned the assets to the
The exploiter stole 243,000 CELO from Binance and used it in an attack. Users were cautioned against trading mTokens, Moola’s interest-bearing tokens. Millions of dollars were made off of yet another DeFi protocol. The non-custodial liquidity protocol on Celo, Moola Market, is the protocol at hazard this time around. Moola,
The total losses in 2022 may exceed the total losses in 2021, which totaled more than $3.2 billion. On Tuesday, Solana’s popular Mango Markets trading protocol lost $100 million in liquidity. According to a report by American blockchain analysis company Chainalysis, hackers stole $718 million worth of cryptocurrency from DeFi
The assailants artificially inflated the value of their collateral and then borrowed heavily. According to the terms of the arrangement, the hacker must return $67 million in tokens. Recently, a thief made off with $100 million in cryptocurrency using an exploit in the Mango Markets platform. Mango DAO has given
Temple DAO, a DeFi protocol, was hack and lost more than $2.3 million. Mango Market, a platform based on Solana, lost $100M as a result of a hack. Crypto hacking has been the most tragic thing to happen in the crypto market. The prominent Binance exchange also hacked on October
