Friday, March 29, 2024
Home > Attack (Page 6)

Senator Warren knocks crypto amid coordinated attack on bitcoin

A growing coordinated attack against bitcoin (BTC) and the wider cryptocurrency industry has recently intensified, with U.S. Senator Elizabeth Warren (D-Mass.) expressing hostility towards digital assets. Key stakeholders in the industry, however, have been inadvertently providing ammunition to detractors by engaging in activities that raise ethical and legal concerns. Crypto growing

Read More

ZenGo uncovers ‘red pill attack’ vulnerability in popular Web3 apps

According to a blog post published by developers of crypto wallet ZenGo, the firm said it had uncovered security vulnerabilities in, transaction simulation solutions used by popular decentralized applications, or dApps. Dubbed the "red pill attack," this vulnerability allowed malicious dApps to steal user assets based on opaque transaction approvals

Read More

Euler attack causes locked tokens, losses in 11 DeFi protocols, including Balancer

Contagion from the Dec. 12 flash loan attack against Euler has spread far and wide, resulting in frozen or lost funds for 11 different decentralized finance (DeFi) protocols, according to Dec. 13 reports from each of them on Twitter. Balancer, an Ethereum protocol with over $1 billion total value locked

Read More

French police arrest 2 people in connection to Platypus attack

Two suspects have been arrested by the French police in connection with Platypus' $9.1 million exploit, and 210,000 euros worth of cryptocurrency has been seized, according to the local authorities. Investigations leading to the arrests were supported by on-chain sleuth ZachXBT and crypto exchange Binance, said Platypus. The decentralized protocol was

Read More

Platypus reveals compensation plan for users’ funds after attack

Decentralized finance (DeFi) protocol Platypus disclosed details of a recent $9.1 million exploit, alongside efforts to recover the funds, and a compensation plan for victims.In a Medium post on Feb. 23, the company revealed that a logic error in the USP solvency check mechanism within the collateral-holding contract was responsible

Read More