The DeFi platform was the victim of an attack shortly after launch, with 183 ETH compromised. After an initial sell-off, Force tokens are in recovery mode Monday.
A computer hacker is any skilled computer expert that uses their technical knowledge to overcome a problem. While "hacker" technically has a neutral connotation, the term was changed by popular culture, which defines a hacker as someone with technical knowledge who uses bugs or exploits to break into computer systems.
The recent outburst of interest in cryptocurrencies triggered some hackers to begin looking through different crypto exchange services. The latest news on hackers show that no one is protected from their interventions. There were already several cases of exchanges hacks. For example, in January 2018 cryptocurrency exchange service Coincheck was hacked and approximately 500 million NEM tokens were removed from exchange, amounting about $385 million stolen. Although Coincheck was capable to compensate all users with its own capital, there is no confidence that bigger incidents won’t take place.
Four malicious hackers and one white hat went to town on ForceDAO during its launch day.24826
“The attacker has sold all the tokens,” announced social token platform Roll after a hacker accessed private keys to its hot wallet.16116
Hacked DeFi service Furucombo will issue "iou" tokens as part of its compensation plan to repay 22 affected users.6867
The USDT stablecoin issuer says it received a $23 million ransom demand payable by Monday. The deadline has since passed, and Tether isn't paying.19077
The latest attack relied on user permissions granted to the protocol34013
The Alpha Homora hack is still rippling through markets.7802
The Department of Justice has indicted three hackers affiliated with the infamous Lazarus Group.9109
The proceeds of crypto crime fell by more than $5 billion in 2020, due to increasing regulatory compliance by crypto exchanges and declining scams.6692
The total volume on the crypto exchange has fallen 4.9% in the last 24 hours.11434
DeFi protocol Yearn.Finance repaid victims of its $11M hack by opening a Maker vault with YFI tokens from its newly expanded treasury.9123
A bumper payout for identifying a critical bug in a smart contract caused increased confidence in the ArmorFi platform and a 100%+ token pump.11547
A summary of the events that marked 2020 in the Spanish crypto space and opinions from different people of the industry who lived it from the inside.7805
BuyUCoin initially denied the reports of a data breach, but added that all user funds are safe.11960
Studying the question of how Bitcoin hacking incidents affect the uncertainty in the overall crypto market.7778