News
BtcTurk halted deposits and withdrawals, citing a “technical issue” with hot wallets, while trading and local currency withdrawals and deposits remained active.
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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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Vietnam’s police said they arrested 20 people in the country’s largest crypto scam, a multibillion-dollar Ponzi scheme built around Paynet Coin.
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The hacker behind the Radiant Capital $58 million October 2024 exploit now holds $103 million in Ether since the asset’s price almost doubled.
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Coinbase lost $300,000 in token fees after mistakenly approving assets to a 0x swapper contract, enabling an MEV bot to drain its corporate wallet.
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Ethereum core dev Zak Cole lost funds after a malicious Cursor extension stole his private key, highlighting increasing wallet drainer attacks on builders.
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Tron, Tether, and TRM Labs expand their crime-fighting unit with Binance as the first T3+ partner, as industry data shows crypto hacks are getting faster and harder to stop.
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Qubic claimed it achieved 51% control of Monero’s hashrate, prompting debate over whether the resulting six-block reorganization was a successful attack.
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Stability DAO said it had identified two CrediX Finance team members and was working with other projects and authorities to recover the stolen funds.
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Crypto scammers are switching from code to exploiting human vulnerabilities that don’t require breaking through complex cybersecurity guardrails.
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CrediX recovered $4.5 million in stolen crypto after reaching a deal with the exploiter. Affected users will be refunded within 48 hours, the team said.
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A sophisticated supply chain attack on Seychelles-based crypto exchange BigONE led to a $27 million theft from hot wallets, without exposing private keys.
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Nexus Mutual has paid about $250,000 in claims to users hit by July’s $3.5 million Arcadia Finance hack on Base.
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The Qubic mining pool, which is attempting a 51% takeover of Monero, is allegedly being hit by a distributed denial-of-service attack linked to the Monero community.
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The $3.5 billion heist is the single largest cryptocurrency hack and went unreported by both parties for years, according to Arkham.
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During the WOO X hack, bad actors used social engineering to gain access to the development environment, according to Rob Behnke, chairman of Halborn.
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