News
BigONE crypto exchange has confirmed a $27 million loss after a third-party attack on its hot wallet infrastructure.
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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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Arcadia Finance’s Rebalancer contract was exploited for $3.5 million in USDC and USDS on the Base blockchain, with stolen assets swapped to WETH.
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Retired DEA agent Bill Callahan tells Cointelegraph that bad actors can make plenty of mistakes and still “make a handsome profit.”
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The attacker behind the $40 million GMX exploit has begun returning the stolen crypto after accepting a $5 million white hat bounty offered by the GMX team.
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The Venn Network team suspects the threat was linked to the North Korean Lazarus Group, citing its complexity and widespread deployment.
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Bitcoin Depot has disclosed that 27,000 of its customers data was breached, but said there was “no evidence of customer information being misused.”
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The exploit of the GMX V1 decentralized exchange is the latest in a string of attacks targeting crypto firms and users in 2025.
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Secret Service quietly amasses one of the world’s largest crypto cold wallets with $400 million seized, exposing scams through blockchain sleuthing and VPN missteps.
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The theft occurred after the hackers allegedly compromised an employee of C&M, a software service provider, by buying the employee’s login credentials.
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Increasing US regulatory clarity is enabling more traditional finance participants to seek out decentralized financial solutions.
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A fake GitHub repository posing as a Solana trading bot was used to distribute obscured malware that stole crypto wallet credentials, according to cybersecurity firm SlowMist.
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Over 40 fake Firefox extensions impersonating popular crypto wallets have been used in an ongoing campaign to steal users’ wallet credentials.
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Federal prosecutors traced and seized $40,000 in crypto from scammers posing as Trump-Vance Inaugural Committee officials.
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The malware bypasses Apple’s memory protections and deploys an infostealer payload targeting crypto wallets.
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Crypto hacking techniques haven’t advanced much, but they’ve become far more cunning, warns SlowMist’s head of operations.
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