Ronin Network has experienced a significant security breach, resulting in the loss of nearly $9.8 million worth of Ethereum (ETH). This incident highlights the growing concerns surrounding crypto security, particularly amidst the recent wave of hacking activities. On August 6, 2024, Ronin Network, which underpins the popular play-to-earn game Axie
A security vulnerability forced the temporary suspension of all activities on the Casper Network, a blockchain platform known for its decentralized applications. After discovering the hack, the Casper Network team quickly worked with validators to put the network on suspension. In order to lessen the blow of the security compromise
The dreadful hack of July that shook the entire crypto community was WazirX’s $230 million attack. Besides this, there was a minor breach staged. On July 23, dYdX, an Ethereum decentralized exchange (DEX), encountered a DNS hijack. What actually happened? How quickly did the platform recover? Who was affected, and
WazirX founder Nischal Shetty has planned the recovery of the stolen assets. He revealed the initial details of the stolen crypto funds and clarified that no security breach occurred before July 18, as misinformation was out about WazirX, and that a few wallets hacked, eight days before the hack. Nischal
Decentralized finance (DeFi) crypto exchange dYdX restored its version 3.0 website after a DNS hijacking attempt on July 23. The team restored the website three hours after announcing the compromise. https://t.co/Ym1dFLLOwx website has been recovered by dYdX Trading Inc. 🙏 Please note that your machine may still be caching the
Web3 security firm Cyvers has detected multiple suspicious transactions involving prominent Indian exchange WazirX’s Safe Multisig wallet on Ethereum. According to an X post, it is believed that $234.9 million of funds in the Multisig have been moved to a new address. Each transaction’s caller was funded by Tornado Cash,
In a concerning development for the crypto community, an adept scammer has executed a phishing scam on the Blur marketplace, making off with non-fungible tokens (NFTs) valued at approximately $239,676. The victim, known as 0xQuit on X (formerly Twitter), reported the theft. That involved six Bored Ape Yacht Club NFTs,
The security breach that hit 1,590 cryptocurrency wallets has caused cryptocurrency portfolio manager CoinStats to temporarily halt user activity. In a post on June 22, X, CoinStats said that the assault had been mitigated and that the platform had been temporarily disabled to isolate the security problem. It went on
Beosin and Blocksec, two blockchain security companies, say that $3.7 million was stolen from the decentralized lending protocol UwU Lend today. Security researchers have linked this assault to the same hacker, making it the second flash loan breach of UwU Lend this week. The attacker now has $3.7 million worth
Following what seems to be the theft of $22 million in a cyberattack, UK-based crypto exchange Lykke has decided to cease its trading services. The security precautions put in place by crypto exchanges are called into question by this upheaval in the crypto sector. After the well-known web investigator SomaXBT
