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Multichain lending protocol Hundred Finance has experienced a significant security breach on the Ethereum layer-2 blockchain Optimism. According to the protocol on Twitter, the losses sit at $7.4 million.Hundred Finance announced the exploit on April 15, saying it had contacted the hacker and was working with various security teams on
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Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The trading platform suspended withdrawals until early next week to conduct additional security checks and promised to compensate the affected users. Bitrue Exchange Loses Crypto Assets Due to Hot Wallet Exploit Cryptocurrency exchange
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Bitrue cryptocurrency exchange has suffered a hot wallet exploit that allowed the attackers to withdraw various crypto assets worth nearly $23 million.Announcing the news on April 14, Bitrue said that it had to temporarily suspend all withdrawals due to a “brief exploit” of its hot wallet. The firm expects to
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Bitrue said the affected wallet contained “less than 5%” of overall reserves. Source
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Nexus Mutual, one of the largest insurance platforms covering high-risk decentralized finance (DeFi) deposits, is waiting to get paid back by five clients who filed claims after the March incident, according to on-chain data. Together, those clients represent about $2 million in crypto of the nearly $2.4 million in total
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The GDAC hot wallet hack occurred on April 9 when the perpetrator transferred the asset to unidentified crypto addresses. GDAC crypto exchange, a South Korean WEMIX-listed platform, has announced the loss of nearly $14 million in various digital assets through a system hack. As a result, GDAC has announced the suspension
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In an exclusive interview with crypto.news, pseudonymous white-hat hacker known as Trust has shared crucial details regarding a recent hack that took advantage of a vulnerability in the RouteProcessor2 contract. Trust was able to save a significant amount of users’ funds by performing a preemptive April 10 hack on the funds
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Created five days ago, the proposal aims to let Euler users redeem their capital as soon as possible. Submitted by co-founder Doug Hoyte, this has been “chosen as the optimum approach” by the Euler Foundation, Euler Labs and external advisers, according to the proposal. Original Source
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The algorithmic stablecoin TerraUSD (UST) collapsed almost one year ago, but some Terra-related projects are still live and trying to overcome some issues.Terraport Finance, a decentralized finance (DeFi) exchange project based on the Terra Classic blockchain, suffered a breach on its liquidity wallet on April 10. Announcing the news on
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Decentralized finance (DeFi) protocol SushiSwap recently suffered an exploit due to a smart contract bug, leading to over $3 million in losses. Members of the crypto community responded to the hack, with some thinking that there was something fishy about it. On April 9, security firms detected unusual activities in the
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