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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.On June 11, the United States Attorney for the Southern District of New York Damian Williams announced the
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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
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Threads, Meta’s newly launched microblogging app, has become a target for scammers wasting no time trying to deceive users. The platform has already drawn the attention of several influential Crypto Twitter users, who are sounding the alarm
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether Holdings, the issuer of the USDT stablecoin, has frozen two addresses on the Ethereum network that received funds from Multichain’s multi-party computation (MPC) address. The two addresses, currently flagged by Ethereum block explorer Etherscan as “Multichain
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Fantom (FTM) dropped 9.9% even as developers addressed concerns among community members. “For the avoidance of doubt, FTM was never issued or managed by Multichain, so wFTM, FTM ERC-20, and FTM on Opera are not affected,” Fantom Foundation tweeted. Source
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Abnormally large outflows from the Multichain MPC bridge platform on July 6 have sparked fears that an exploit could be underway. Over $102 million worth of crypto has been withdrawn from Multichain’s Fantom bridge on the Ethereum side, as well as $666,000 from Dogechain and $5 million from Moonriver.Multichain likely
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Further details are coming to light following a July 2 attack on cross-chain bridge platform Poly Network, which has resulted in a hacker being able to issue billions of tokens out of thin air for profit.In a July 2 Twitter post, Poly Network confirmed it became the latest DeFi exploit
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After recently suffering a recent exploit on its platform, decentralized finance (DeFi) protocol Sturdy Finance has reopened its stablecoin market.On June 16, the lending platform announced that it has unpaused the stablecoin market, allowing users to have access to their funds. The DeFi protocol told its users that no funds
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Crypto trading platform Hashflow has assured affected users will be “made whole” following an exploit that saw at least $600,000 in digital assets removed from the platform.On June 14, blockchain security firm Peckshield reported an ongoing issue with the Hashflow trading platform.“It appears there is an approve-related issue,” the firm
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DeFi hacks have gone through the roof in recent times and many will argue that the DeFi ecosystem has proven time and again that it is indeed an exploiter’s paradise. Decentralized finance (DeFi) protocol Sturdy Finance is the latest victim in a long list of DeFi hacks. The Sturdy Finance
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