News
Infini cited developer Chen Shanxuan and three unidentified persons as defendants in a lawsuit filed in Hong Kong.
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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.
- News
As long as victims keep falling for handing over their 24-word seed phrase, bad actors will keep going for the easiest payday, says a crypto executive.
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Zoth suffered an $8.4 million exploit after admin privileges were compromised. The team promised to publish a full incident report post-investigation.
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Bybit has already paid out $2.2 million for “bounty hunters” who can provide valuable information on the Lazarus Group’s transaction patterns related to the stolen funds.
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CertiK’s chief business officer, Jason Jiang, tells The Agenda that a lack of comprehensive regulation has made the fallout from the hack even worse.
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Pre-transaction verification solutions may stop a significant amount of phishing attacks, according to the CEO of Cyvers blockchain security firm.
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Europol's report highlights how AI-driven automation and crypto tools fuel scams, phishing, trafficking, and financial crimes across Europe.
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An attacker has compromised the dashboard of an AI-powered crypto bot and prompted it to transfer $106,200 worth of Ether out of its wallet.
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Microsoft’s Incident Response Team says bad actors could use StilachiRAT to steal credentials stored in the Google Chrome browser.
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The Wemix token plummeted by nearly 40% between the day of the attack and the company’s breach announcement four days later.
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OKX says it has decided to pause its DEX aggregator service after consulting with regulators.
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The recent incident represents a more sophisticated attack that deviates from the classic scam of promoting fake tokens on social media.
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Crypto entrepreneurs David Zhang and Giulio Xiloyannis say they were both targeted by hackers.
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Sui’s programming language, Move, is said to reduce many vulnerabilities seen in other blockchain networks, but protocol-level attacks are still a possibility.
5473 - Market Update
Bad loans, US recession woes, and a troubling amount of long liquidations are driving Ether prices lower today.
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