Chainflip's upgrade gives it authority to reject any deposit to the protocol, developed in an aim to filter out hacked funds from Bybit.
The hack, which occurred during the Uranium Finance protocol migration in April 2021, resulted in a loss of about $50 million.
Byzantine's permissionless aggregation layer aims to solve the fragmentation in the burgeoning restaking ecosystem.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Derivatives traders brace for further ether downside in the wake of the Bybit hack, which resulted in $1.5 billion worth of ETH being stolen.
The exploit involved an attacker using compromised admin privileges on a smart contract, according to security analysts.
Bybit plans to release an audited proof of reserves report to verify that it has restored its client assets on a one-to-one basis.
The exchange declined to block addresses flagged by Bybit as receiving stolen funds from its recent $1.4 billion hack.
The recovery marks the most significant recovery from a Lazarus Group attack since $30 million was clawed back from the Ronin bridge hack.
Recoveries from hacks by the Lazarus Group are rare, but possible: $30 million was recovered from the group's hack of the Ronin Bridge.
Ethereum security researchers hackers deployed malware and then forced the multisig holders to "blind sign" a malicious transaction.
"ZachXBT submitted definitive proof that this attack on Bybit was performed by the LAZARUS GROUP," Arkham said in a post to X.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Elliptic, Flashbots and Binance founder CZ all reacted to Bybit's apparent $1.4 billion hack, perhaps the largest crypto theft of all time.
Bybit, the Singapore-based centralized crypto exchange, has been hacked, according to its CEO.
Microsoft has unveiled its new quantum computing chip, Majorana 1, a breakthrough achieved after nearly 20 years of research.
The $85 million hack in January was likely perpetrated by an experienced group of hackers due to its sophistication, experts said.
Sanctioned jurisdictions and entities globally received $15.8 billion in cryptocurrency last year — 39% of all illicit crypto transactions.
Abstract reported a security incident described as a 'session key hack' targeting thousands of wallets interacting with Cardex.
The company provides security solutions for some of the largest crypto firms and projects including Coinbase and MetaMask.
The Abstract Chain wallet draining compromise appears to relate to connecting to the onchain fantasy game Cardex.
Geth developers urged Ethereum validators using version 1.15.1 to update immediately to version 1.15.2 to avoid potential financial losses.
Bubblemaps noted connections between the teams behind the Libra and Melania memecoins, claiming the same entity could be behind them.
Peer-to-peer marketplace Huione Guarantee has become a go-to place for crypto scammers for infrastructure and money laundering.
The move may be part of the Trump administration’s decision to onshore sensitive electronics industries and bolster domestic BTC mining.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Lending protocol zkLend acknowledged a hack resulting in a loss of over $9 million and requested the hacker to return 90% of it.
Major U.S.-based crypto custodian BitGo plans to go public via an initial public offering as early as Q2 2025, according to Bloomberg.
The upgraded protocol could bring institutions with the need for compliance and provide operational controls into the staking ecosystem.
In a series of now-deleted posts, Jupiter’s X account promoted what appeared to be a scam memecoin with the ticker $MEOW.