Leading manufacturer of hardware wallets for cryptocurrencies, Ledger, recently fixed a vulnerability in their Ledger Connect Kit. The firm has pledged to compensate any customers who have been impacted by this security incident in full, showing that it takes its responsibilities seriously. Quick action was taken by Ledger after user
The peer-to-peer trading platform NFT Trader was compromised in a major way. Many valuable NFTs were stolen in this incident, including BAYC. In the aftermath of the hack, NFT Trader issued an urgent appeal to its customers, requesting that they remove access to two compromised smart contracts. The purpose of
A surprising event occurred in the Decentralized Finance (DeFi) arena when the Ledger ConnectKit was the victim of a supply chain assault, which resulted in a rug-pull security compromise. Malicious code injection into different Decentralized Applications (dApps) is possible due to the vulnerability, which has been dubbed a “supply chain
An arbitrage bot depleted the LFNTY-USDC pool on December 8 from the decentralized exchange (DEX) Lifinity. The $699,090 loss was triggered by an unanticipated reaction to a botched deal, according to Lifinity’s Discord channel. Durden, a key member of Lifinity, revealed that a bot tried to benefit from price disparities
In a recent report by QuillMonitor, an analytical tool powered by QuilAudits, November emerged as a concerning month for the crypto sphere, with a staggering $254.34M in losses. The notable figure was spread across 12 significant incidents, indicating an alarming 8-fold surge compared to October’s losses. Hacks take the lead
The number of victims for a crypto hacker who specializes in “address poisoning attacks” has risen to 21. Moreover, in the last week alone, they have stolen almost $2 million from Safe Wallet customers. About 10 Safe Wallets lost $2.05 million due to poisoning assaults that occurred between November 26
The DeFi protocol KyberSwap lost $48.8 million due to a major vulnerability that occurred on November 22. The company plans to compensate individuals who were impacted financially. In response, KyberSwap is setting up a grant program to compensate those impacted by the incident using funds from its treasury. Affected persons
There has been a questionable transfer of $86 million from one of the HECO accounts to an unknown address. Cyvers Alerts, an on-chain security tool driven by AI, has announced that it has uncovered the mysterious transaction. HECO, created by Justin Sun, is a gateway that enables the exchange of
Kronos Research, a quantitative trading company, lost $25 million to hackers who gained access to the company’s API credentials. The firm disclosed the compromise of several of their API keys on November 19th. Subsequently, the business terminated its trading services on the platform. After investigating the situation further, blockchain expert
DeFi platform Raft lost about $3.3 million in Ethereum (ETH) after hackers attacked it on Friday. However, the attacker may have incurred a loss on the crime. According to the information available on the blockchain, a hacker stole 1,577 ETH from Raft and promptly transmitted 1,570 ETH to a burn
