A total of $5.7 million was frozen and recovered by the Norwegian authorities in connection with the $600 million Ronin exploit that occurred in 2022. The Ethereum sidechain Ronin was developed by Sky Mavis specifically for the play-to-earn web3 game Axie Infinity. Sky Mavis stated on X: “The Norwegian National
Approximately $20 million was lost due to an exploit that hit the decentralized lending protocol Sonne Finance on Wednesday morning in Asia. According to the project’s post-mortem analysis, an exploit was found in one of the Compound v2 forks. Using the known donation attack, the hacker was able to breach
One of the co-founders of Tornado Cash, a crypto mixing service, Roman Storm, has moved to have the allegations against him dropped. After his arrest and subsequent charges stemming from his role in launching the platform, Storm has offered many legal defenses in an effort to dispel the allegations. Moreover,
An individual or group claiming to be a “white-hat” hacker who is interested in returning the funds into the Prisma Finance protocol, as opposed to a “black-hat” hacker who would retain the funds for themselves, was one of the wallets associated with the $11 million Prisma Finance hack that occurred
An approval process issue in the Stablecoin protocol Seneca’s smart contract allowed an exploiter to access around $6.4 million in digital assets. Seneca has offered a 20% bounty to the person or people responsible for this exploit. The stablecoin protocol vulnerability was reported by many blockchain security organizations on February
Shido, the layer-1 blockchain platform, witnessed a staggering 94% drop in its native token’s value within just 30 minutes, plunging from $0.007985 to $0.0002967. The tragic collapse came in the wake of a severe exploit detected in its Ethereum-based staking contract. The security firm PeckShield raised the alarm on Thursday
Decentralized platform Abracadabra.money’s stablecoin, MIM, had a precipitous decline to $0.76 after news of a $6.5 million vulnerability. Initial details of the hack were revealed by blockchain security company PeckShield at 11:35 UTC Tuesday. The organization went on to say that the attack was funded using Tornado Cash, a sanctioned
In the midst of a successful token listing on various exchanges, Layer-2 blockchain driven by zero-knowledge proof Manta Network was hit by a distributed denial-of-service (DDoS) assault. According to Kenny Li, co-founder of P0xeidon Labs—the cryptographic team of developers behind Manta Network—the nodes of the blockchain were subjected to more
A holding wallet received almost $1.2 million worth of Bitcoin (BTC) from the infamous North Korean hacker unit Lazarus Group recently. Cybersecurity professionals and blockchain specialists are taking notice of this move since it is their biggest transaction in the previous 30 days. Arkham, a blockchain research organization, revealed that
CoinsPaid, a processor of digital assets and cryptocurrency payment ecosystem, is now dealing with another possible crypto fraud, which might lead to a loss of more than $6 million. Users of the CoinsPaid platform have reportedly suffered massive losses due to fraudulent transactions as per information gathered by on-chain researcher
