Hacks Financial News

17.07 / 14:09

Blockchain Hackers hacks Cybersecurity security Lost Lost keys have already cost billions of dollars, many more at risk — Polygon exec

While private or mnemonic keys offer many advantages for security, they also present practical challenges, according to Mudit Gupta, the chief information security officer of layer-2 scaling solution Polygon.

17.07 / 06:55

Blockchain hacks security identity Sim Card Bitcoin Sim Swap How easy is a SIM swap hack and how does one guard against it?

Despite the rise of cybersecurity infrastructure, the online identity still faces many risks, including those related to the hacks of one’s phone numbers.

15.07 / 19:29

business Blockchain defi Hackers hacks fantom Multichain 'Multichain was a big blow', says Andre Cronje as Fantom TVL slumps

According to data from DefiLlama, Fantom's total value locked (TVL) dropped from over $364 million in early May to about $70 million on July 14. At its peak in 2022, Fantom's TVL topped $7.5 billion. The price of its native coin Fantom (FTM) declined from $0.41 to $0.28 over the same period.

14.07 / 18:49

Blockchain Ethereum defi Hackers hacks Scams Shuts Down Multichain Crypto lender Geist Finance shuts down permanently over Multichain hack

Lending protocol Geist Finance is shutting down permanently due to losses from the Multichain exploit, according to a July 14 social media post from the app’s development team. Geist contracts were paused on July 6, then resumed in “withdraw and repay only” mode on July 9. The latest post confirms the team does not plan to reopen lending and borrowing on Geist.

14.07 / 12:41

business Blockchain Hackers hacks Multichain Multichain stops operations over lack of funds

Cross-chain protocol Multichain has announced that it is “forced to cease operations” due to a lack of operational funds. The announcement follows a report from blockchain analytics firm Chainalysis saying that withdrawals appear to be a “rug pull” by insiders.

14.07 / 07:55

business Hackers hacks Ripple XRP Altcoin Scams Ripple CTO warns against XRP scams amid SEC-induced hype

A court ruling in favor of Ripple Labs — stating that XRP (XRP) is not a security — reignited the long-lost hype around the ecosystem. Anticipating an influx of scams as the token rallied, Ripple chief technology officer David Schwartz issued a warning to investors.

13.07 / 13:55

Blockchain Hackers hacks Cybersecurity security Cybercrime Threat Crypto users USB keystroke injectors still a threat to crypto users

The Diabolic Drive’s name sounds as ominous as its potential payload. The recently developed USB wireless keystroke injection tool is intended to stress test networks, but could it potentially be used as a means to steal cryptocurrency from unwitting users?

12.07 / 06:09

defi Hackers hacks crimes Cybercrime Exploit New York prosecutor charges hacker over $9M exploit of Solana-based exchange

A former security engineer for an international technology firm has been arrested and charged for allegedly using a smart contract bug to steal $9 million in cryptocurrency from a Solana-based decentralized crypto exchange.

11.07 / 20:49

Blockchain Ethereum defi hacks Scams Multichain Multichain Executor has been ‘draining’ AnySwap tokens: Report

A person is using the Multichain Executor to drain tokens associated with the AnySwap bridging protocol, according to a July 10 report from on-chain sleuth and Twitter user Spreek. The report follows outflows of over $100 million from Multichain bridges that occurred on July 7, which were reported by the Multichain team as “abnormal.”

11.07 / 12:47

Blockchain Ethereum defi Hackers hacks Decentralized Exchange Time Arbitrum-based Rodeo Finance exploited for second time, $1.5M stolen

Arbitrum-based decentralized finance (DeFi) protocol Rodeo Finance was exploited for $1.53 million on July 11. The DeFi protocol was exploited using a code vulnerability in its Oracle, leading to a loss of over 810 Ether (ETH).

11.07 / 11:59

business hacks Mt. Gox HODL Whale Bitcoin Mt. Gox repayment date looming: Is Bitcoin in trouble?

While the cryptocurrency community is actively discussing the upcoming Bitcoin (BTC) halving in 2024, there is potentially another big market event happening this year.

11.07 / 05:25

Blockchain Hackers hacks Multichain Multichain's ‘mysterious withdrawals’ have whiffs of a ‘rug pull’ — Chainalysis

The multi-million dollar exploit of cross-chain bridge protocol Multichain could have been an internal rug pull, according to blockchain security and analytics firm Chainalysis.

11.07 / 00:31

defi Hackers hacks Scams phishing Pink, Pussy, Venom, Inferno — Drainers coming for a crypto wallet near you

Four major crypto drainers have emerged to fill the vacuum left by the notorious wallet sweeper Monkey Drainer, with thousands of victims targeted and millions in crypto stolen already this year.

10.07 / 21:07

Ethereum defi Hackers hacks lending Exploit Arcadia Finance hacker used reentrancy exploit, team demands return of funds

The Arcadia Finance attacker used a reentrancy exploit to drain $455,000 from the decentralized finance (DeFi) protocol, according to a July 10 post-mortem report issued by the app’s development team. A “reentrancy exploit” is a bug that allows an attacker to “re-enter” a contract or interrupt it during a multi-step process, preventing the process from being completed correctly.

10.07 / 17:11

business hacks Gaming user data Gaming gear maker Razer hacked, user data, encryption keys for sale online: Report

A post appeared on a hackers’ forum on July 8 offering information allegedly hacked from gaming hardware maker Razer.

10.07 / 08:43

business defi Hackers hacks EXP Attack DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455K

A hacker drained approximately $455,000 from noncustodial decentralized finance (DeFi) protocol Arcadia Finance by exploiting a code vulnerability.

09.07 / 08:53

business Blockchain Hackers hacks phishing fantom Multichain Multichain attack triggers Twitter phishing scheme for FTM distribution

Hackers continue their relentless attacks, displaying no signs of slowing down. Shortly after the Multichain hack, scammers started spreading a phishing link on Twitter.

08.07 / 21:15

Blockchain Hackers hacks fantom Multichain Circle, Tether freezes over $65M in assets transferred from Multichain

Stablecoin issuers Circle and Tether have frozen over $65 million in assets tied to the suspected exploit of cross-chain router protocol Multichain. The move follows unexplained large outflows from the Multichain MPC bridge on July 6.

08.07 / 02:39

NFT Hackers hacks security Sim Card Sim Swap Over $765K worth of NFTs stolen after SIM swap attack on GutterCatGang

More than $765,000 worth of nonfungible tokens has been stolen as part of a reported SIM swap attack on the GutterCatGang NFT project.

07.07 / 21:19

defi Hackers hacks DAO DAO Attack Slash DeFi ‘circuit breaker’ could slash hack losses by 70%: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

07.07 / 17:03

business Blockchain defi hacks $30B stolen from crypto ecosystem since 2012: Report

From 2012 to the present, over $30 billion in crypto has been hacked in 1,101 documented incidents, a July 7 report from SlowMist has revealed.

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