News
The repayment occurred days after KiloEx offered the hacker a $750,000 "white hat" hacker bounty if they returned 90% of the stolen value.
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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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Manta Network co-founder Kenny Li said he managed to avoid a hack attempt possibly conducted by North Korea’s state-affiliated cyber-attackers.
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The firm said it had chosen a “cease and retreat” strategy in response to allegations that the Lazarus Group laundered funds stolen in a $1.4 billion exploit of Bybit.
2011 - News
Hacken's service project manager warned crypto developers to be wary of unsolicited gigs that are too good to be true.
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The attacker exploited an admin account tied to ZKsync’s airdrop contracts, minting 111 million unclaimed tokens worth $5 million.
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KiloEx said it would pursue legal action and expose the hacker’s identity if they didn’t accept the white hat bounty offer.
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Emblem Vault CEO Jake Gallen says he lost over $100,000 in digital assets after a suspicious meeting on Zoom.
5792 - Investigation
A $4.5-million HEX hack shook its staking ecosystem and exposed a web of phishing, laundering and wallet-draining operations.
3565 - News
A white hat MEV operator front-ran a malicious transaction involving $2.6 million in crypto assets from the Morpho Blue protocol.
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Cybersecurity researchers identified the exploit in several npm software packages, including the pdf-to-office code bundle.
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Bybit’s market share rebounded to its pre-hack levels of over 7% despite a broader macro “de-risking” among cryptocurrency investors.
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Threat researcher Vladimir Sobolev told Cointelegraph that there’s been a rise in fraudulent MEV bot tutorials, leading users to lose their funds.
3321 - Opinion
Centralized exchanges remain vulnerable to massive breaches, but with self-custody evolving, people can protect their crypto holdings with advanced security features.
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Most WazirX creditors voted to approve the crypto exchange’s post-hack restructuring plan, paving the way for repayment through a mix of liquid assets and recovery tokens.
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Messaging apps gather users’ data and violate their privacy. Session co-founder Kee Jeffreys says encryption and decentralization are the solution.
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