The hackers made away with a mix of over 20 tokens that includes altcoins such as BNB, Safemoon, BSC-USD and BPay.
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.
MonoX and BadgerDAO suffer callous security attacks, Borderless Capital opens a $500-million fund to advance Algorand’s ecosystem, and Iota is to launch Assembly in early 2022 — all coming to you in this week’s Finance Redefined.5425
The BadgerDAO attack has reportedly impacted Celsius Network for more than $50 million, sources suggest.8406
A disappointing week of exploits has put a temporary grim cloud over the end of 2021, with BadgerDAO and Huobi-listed MonoX suffering major losses.8699
All smart contracts have been paused but users are urged to revoke permissions to the compromised smart contract to avoid any further losses.5135
Joseph O’Connor indicted on a raft of wire fraud, computer hacking, money laundering and identify theft counts.2639
Dubbed SQUID, the cryptocurrency had rallied by as much as 75,000% to cross over $2,850 but dropped to near zero on Nov. 1.22321
Near protocol allocates $800 million to its DeFi ecosystem, and Immunefi raises $5.5 million to advance its security service — all of this and more coming to you in this week’s Finance Redefined.3469
DeFi has become a popular attack vector for cybercriminals. After a highly ambitious launch, THORChain suffered two major exploits in July.3710
Malicious actors continue to target decentralized finance projects for their exploits. On Wednesday, a major DeFi lending platform suffered a flash loan attack.7238
The platform has paid out more than $7.5 million in bug bounties since inception in December 2020.2023
Google’s Threat Analysis Group (TAG) attributes the attacks to a group of hackers recruited in a Russian-speaking forum that sells the hacked YouTube channels to the highest bidder.13135
3.1 million email addresses linked to CoinMarketCap accounts were reportedly being traded on hacking forums, according to Have I Been Pwned.30810
The white hat hacker speculated that the bug might have been created from "using someone else’s code and not having a 100% understanding of what it does."10576
Lossless also plans to ship a security tool that will reportedly aid DeFi projects in preventing hacks and exploits on their platforms.8454