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Monday’s $4 million attack on the Cover Protocol, a decentralized insurance service, sent my mind to that classic nursery rhyme, There Was an Old Lady Who Swallowed a Fly.You know, the one where an unfortunate woman keeps eating ever larger animals to catch the previously swallowed animal. Decentralized finance faces a
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DeFi lending protocol Warp Finance has reportedly suffered a flash loan attack resulting in the loss of as much as $8 million in digital assets.Reports are coming in that an attacker has made off with between $1 million, to as much as $8 million according to DeFi Prime. The losses
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The bitcoin-only hardware wallet Coldcard has released a beta firmware patch for a vulnerability that also affected a competitor hardware wallet earlier this year.Ben Ma, a security researcher who works for hardware wallet manufacturer Shift Crypto, discovered that the Coldcard hardware wallet has a flaw: An attacker could trick a
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Yesterday, security researcher KrebsOnSecurity reported that several cryptocurrency platforms hosted by popular hosting provider Godaddy have been attacked over the past week.According to KrebsOnSecurity, the attacks began on or around November 13th on cryptocurrency trading platform liquid.com.Liquid CEO Mike Kayamori said GoDaddy incorrectly transferred control of the account and domain
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Holders of Pickle Finance’s native coin PICKLE are currently suffering from a 50% drawdown after the protocol was
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Blockchain project Origin Dollar (OUSD) said it sustained an attack that caused a loss of funds worth $7 million, including over $1 million deposited by Origin and its founders and employees, and has disabled deposits as a result. The project’s native token is down 36% on the day, according to
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DeFi Despite positive technological developments, the decentralized finance (DeFi) space is still rife with hacks and exploits. This
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The latest flash loan attack in the decentralized finance world has caused a total loss of $6 million. Source
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Cryptocurrency exchange Binance has followed through with its pledge to reward anyone helping bring about the arrest of the bad actors who attacked the exchange in March 2018 and stole from users in a phishing campaign.Over a period of months, unknown persons set up phishing websites that mimicked Binance’s own,
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Grin, a privacy-focused cryptocurrency built on the Mimblewimble protocol, has just suffered a 51% attack on its blockchain.According to a Nov. 7 tweet from crypto mining group 2Miners, an unknown group accumulated 57.4% of the total hash power of the Grin (GRIN) network on Saturday evening. 2Miners only had control
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