2023 so far has been a year of recovery for cryptocurrency after a chaotic 2022, with prices of digital assets like Bitcoin up over 80% on the year as of June 30. And that’s not the only good news for …
DeFi Traders Lost $228 Million to Hackers in 3 Months
Hackers intensified their efforts to hack cryptocurrency projects in the past year and mostly had DeFi in their crosshairs, according to a new report from Immunefi. The report, compiled by the bug …
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ETH DeFi ‘circuit breaker’ could cut hack losses by 70% — Developer
A decentralized finance (DeFi) “circuit breaker” could have prevented billions of dollars worth of crypto from being stolen from DeFi protocols in 2022, according to the developer of the newly …
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Ethereum Users Propose ERC 7265 to Thwart DeFi Hacks – How Does it Work?
Members of the Ethereum community have proposed a new standard meant to improve the security of decentralized finance (DeFi) protocols and mitigate hacks. The attacks on DeFi protocols have become all …
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DeFi Hacks and Scams Result in $204M Losses in Q2 2023
According to a recent report titled “Q2 De.Fi Rekt Report” by Web3 portfolio app De.Fi, the second quarter of 2023 witnessed over $204 million in losses due to hacks and scams in the decentralised …
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DOJ Takes Down Mt. Gox Hackers For Multi-Million Dollar Crypto Theft
The United States Department of Justice (DOJ) has announced the unsealing of charges related to the 2011 hack of the crypto exchange Mt. Gox and the operation of the illicit cryptocurrency exchange …
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North Korean hacking group Lazarus linked to $35 million cryptocurrency heist
The notorious North Korean hackers of Lazarus Group could potentially be responsible for the $35 million cryptocurrency heist from the decentralized wallet platform Atomic Wallet, according to …
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Atomic Wallet exploited, users report loss of entire portfolios
Atomic Wallet has reportedly been exploited, with users reporting complete losses of their crypto portfolios. Atomic is a noncustodial decentralized wallet, meaning users are responsible for assets …
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Flash loan attack on Jimbos Protocol steals over $7.5 million
Jimbos Protocol, an Arbitrum-based DeFi project, has suffered a flash loan attack that resulted in the loss of more than of 4000 ETH tokens, currently valued at over $7,500,000. The company disclosed …
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Attackers Left Empty-Handed as Crypto Hacks Drop 70% in Q1 2023
Attacks on token protocols and crypto projects dropped a staggering 70% in Q1 2023 compared to the same period last year when greed and valuations ran rampant, a new report by security firm TRM Labs …
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