Certik said crypto users and decentralized finance (DeFi) protocols lost $302 million to hacks and scammers in May.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The hacker exploited GMX's V1 GLP liquidity pool on Arbitrum this Wednesday, draining over $40 million in various cryptocurrencies.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
While a post-mortem of the attack has yet to occur, the hacker appears to have drained funds out of GMX's GLP liquidity pool.
Tether aims to curb illicit use of its USDT stablecoin as cryptocurrency-related scams and fraud increase.
Resupply said it would burn six million reUSD tokens via its insurance pool as part of its recovery plan from the $10 million exploit.
Resupply was exploited for around $9.5 million by attackers targeting low liquidity markets to manipulate the exchange rate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
As his gambling losses grew, Nieves allegedly stole from accomplices who helped pilfer over $4 million by posing as Coinbase support agents.
The firm said the issue has been contained and no email breach took place, adding that it is researching ways to prevent future abuse.
The perpetrators reportedly forced the young man's partner to hand over a private key to a Ledger hardware wallet and €5,000 in cash.
Hacker group Gonjeshke Darande leaked what is claimed to be source codes of the Iranian crypto trading platform Nobitex.
ZachXBT said the alleged attacker used a vanity address, which contained the words 'IRGC' and 'terrorists.'
President Santiago Peña's social media post also linked to a Bitcoin address and encouraged citizens to "invest."
Liquidity pools have been restored to between 85% and 99% of their original levels.
The exploit was Alex Lab's second major exploit in as many years, and the recovery process from last year's exploit has yet to conclude.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The crypto exchange said the Singapore High Court declined its proposed restructuring plan following a $230 million exploit last year.
The largest attack was the $225 million exploit of the Cetus Protocol.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The largest crypto loss in May came from Cetus Protocol, which lost an about $225 million, although the protocol recovered $162 million from Sui validators.
Force, a cross-chain bridge on Nervos Network, has lost about $3 million in ETH, stablecoins, and wrapped BTC in an apparent DeFi hack.
ZachXBT said there were suspicious outflows from hot wallets on multiple networks including Tron, Ethereum, Solana and Polygon.
BitMEX's investigation allegedly discovered new insight into the group's inner workings and “significant lapses in operational security.”
Cetus eyes full protocol resumption in a week after a Sui community proposal to return frozen funds passed with 90% backing from stakers and validators.
Cork Protocol, a DeFi venue for trading depeg events, paused its contracts after exploits withdrew some $12 million in wrapped staked ether.
Cetus stated it can use its cash and token reserves, as well as a Sui Foundation loan, to recover stolen assets from its recent exploit — depending on a forthcoming community vote.
Cetus plans to bolster security through rigorous testing, expanded audits, and a strengthened bug bounty program.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.