Smart contract hacks and other cybersecurity exploits continue to be a significant issue for crypto and Web3 firms in 2025.
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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Cetus may recover $162 million in stolen funds if the Sui community approves a governance vote, with a full user fund recovery plan already in motion.
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South Korean police arrested a Russian national in Busan after a failed $730,000 crypto robbery in Seoul.
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The Instagram account of ex-rap trio Migos posted images of what appeared to be Solana co-founder Raj Gokal holding identity documents, with captions asking for 40 Bitcoin.
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A victim lost $2.6 million in stablecoins by falling for two zero-value transfer phishing scams within three hours, raising concerns over address poisoning tactics.
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The Cetus hack saw $223 million in user funds stolen, most of which has been frozen by Sui network validators and ecosystem partners.
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AI agents are increasingly embedded into financial industries, including crypto, but the industry has yet to experience the security vulnerabilities hidden in them.
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A US judge vacated Mango Markets exploiter’s fraud convictions, ruling the DeFi protocol’s permissionless design left no room for misrepresentation.
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Turns out the Cetus developers have been here before, as their hacker deal once saved Crema on Solana.
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Sui-based DEX Cetus offered the hacker a $6 million white hat bounty offer as the protocols are trying to recover the stolen $220 million, with $162 million remaining frozen.
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The Cetus team is working with other stakeholders in the Sui ecosystem to freeze and recover all the stolen funds from the recent hack.
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Sui-based DEX Cetus has been hit by an apparent hack, with onchain data showing rapid asset drainage despite the team portraying the incident as a “bug.”
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The Coinbase hacker mocked ZachXBT onchain after swapping about $42.5 million from Bitcoin to Ethereum via THORChain.
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Trugard and Webacy have launched a machine learning–powered AI tool to detect crypto wallet address poisoning, claiming a 97% success rate.
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The leaked home addresses of Coinbase users raise significant concerns amid increasing crypto-related crimes in 2025.
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