The exploit on the copy-cat token occurred hours after Ethena’s new ENA token was launched for farming on Binance.
Hacks News
Hacks have become prevalent in the digital age, encompassing various sectors and technologies. In the realm of decentralized finance (DeFi), where financial services operate on blockchain networks without traditional intermediaries, the risks of hacks are particularly notable. DeFi platforms, built on smart contracts, are susceptible to vulnerabilities, leading to significant financial losses.
DeFi hacks frequently take advantage of smart contract flaws, allowing hackers to change code and steal money. These incidents show that to strengthen DeFi protocols, thorough security audits and ongoing testing are required. A frequent type of DeFi hack is a flash loan attack, which entails borrowing a sizable amount in a single transaction, tampering with market prices and making money off of the ensuing price imbalances.
Conventional hacks, on the other hand, focus on databases, wallets or centralized exchanges. Phishing attempts deceive people into disclosing private information, which allows unwanted access. Hackers also frequently use ransomware, malware and distributed denial-of-service attacks to compromise digital assets and interfere with services.
Preventing hacks requires a combination of robust cybersecurity practices, regular audits and user education. As the digital landscape evolves, vigilance and proactive measures are essential to mitigate the risks associated with hacking incidents, ensuring the security of online assets and financial transactions.
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Malware database vx-underground has warned of a new info-stealing malware in cyberspace that is targeting video gamers, especially those who use cheating software.
4755The hacker’s on-chain message came approximately six hours after the hack occurred. However, blockchain security firms noted the hacker had also started swapping the stolen funds for Ether.
2859Prisma Finance engineers have already halted the DeFi protocol to investigate the attack.
4648Elon Musk rolled out the paid verification model on X, earlier known as “Twitter Blue,” to fight the scammers and spammers thriving on the platform before his takeover.
13524On March 27, 4:40 am UTC, Munchables identified the hacker as one of its developers. An hour of negotiations led to the former developer agreeing to return the hacked funds.
5589A new NFT game built on the Ethereum layer 2 Blast has been exploited for nearly 17,500 ETH.
8872Curio said it will conduct a fund compensation program for affected liquidity providers, which could potentially take up to one year to complete.
1871ParaSwap has now returned assets to wallets that have revoked their permissions to the AugustusV6 smart contract, which was found to have a critical vulnerability last week.
3294SatoshiLabs revealed that it suspects the compromise to be a sophisticated and premeditated phishing attack planned by hackers over several weeks.
1373In its largest transaction, the HECO Chain exploiter sent 11,300 ETH worth roughly $39.5 million in one transfer.
1315A new “unpatchable” vulnerability in Apple’s M-series of chips was discovered, potentially allowing hackers access to extract secret keys and encrypted data from Macs.
8323a16z’s Packy McCormick and Coinbase’s Scott Shapiro were among those targeted by phishing scammers who used their accounts to spread malicious crypto phishing links on X.
6137Over $4.8 million was withdrawn from its liquidity pool by a self-proclaimed white hat hacker.
2213The funds were taken from a crypto whale in 2023 when the holder signed transactions that allowed the attacker to access the funds.
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