The meltdown of the JELLY token on Hyperliquid is the latest DeFi exploit in a year already riddled with hacks.
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.
- Analysis699
- Opinion
InfoStealer malware is advancing as a major cybersecurity threat, covertly siphoning sensitive credentials and personal data from millions of devices worldwide. It’s time to protect yourself.
804 - News
North Korea’s pause in cyberattacks during late 2024 may have been a resource reallocation ahead of the largest cryptocurrency hack in history.
2167 - Market Update
Trump’s tariffs, massive long liquidations and a weakening market structure are driving Ether prices lower today.
1217 - News
A Binance spokesperson told Cointelegraph that the exchange is aware of recent claims circulating regarding a potential data breach involving Binance.
5779 - News
The unknown whale netted at least $6.26 million from the Hyperliquid exploit and still holds over 10% of the total supply.
3608 - News
Abracadabra lost $13 million in ETH after a hack targeting GMX-linked pools, but GMX denies its smart contracts were involved in the vulnerability.
2300 - News
Infini cited developer Chen Shanxuan and three unidentified persons as defendants in a lawsuit filed in Hong Kong.
1597 - News
As long as victims keep falling for handing over their 24-word seed phrase, bad actors will keep going for the easiest payday, says a crypto executive.
6181 - News
Zoth suffered an $8.4 million exploit after admin privileges were compromised. The team promised to publish a full incident report post-investigation.
19671 - News
Bybit has already paid out $2.2 million for “bounty hunters” who can provide valuable information on the Lazarus Group’s transaction patterns related to the stolen funds.
6005 - News
CertiK’s chief business officer, Jason Jiang, tells The Agenda that a lack of comprehensive regulation has made the fallout from the hack even worse.
11088 - News
Pre-transaction verification solutions may stop a significant amount of phishing attacks, according to the CEO of Cyvers blockchain security firm.
7298 - News
Europol's report highlights how AI-driven automation and crypto tools fuel scams, phishing, trafficking, and financial crimes across Europe.
2487 - News
An attacker has compromised the dashboard of an AI-powered crypto bot and prompted it to transfer $106,200 worth of Ether out of its wallet.
3586