Venus Protocol, a decentralized money market, announced on Thursday evening that about $11 million had been lost due to people exploiting the historic collapse of the Luna cryptocurrency and its …
New Chainalysis tool tracks stolen crypto across multiple chains
Blockchain analytics firm Chainalysis has released a new tool to track transactions across decentralized finance (DeFi) protocols and multiple blockchains. Chainalysis launched a beta version of its …
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Axie Infinity hack highlights DPRK cryptocurrency heists
Despite how enormous it was, the Axie Infinity heist marked only the latest chapter in the story of North Korean financial cybercrime. Sky Mavis, the developer of popular nonfungible token (NFT) video …
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Crypto is crumbling, and DeFi hacks are getting worse
Until recently, DeFi seemed like it was on an exponential trajectory upwards. With the collective value of crypto peaking near $3 trillion, hackers saw a big opportunity. The only thing that may slow …
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Crypto Lending: Unregulated crypto-backed loans get popular, but not without risks
While it is already known that cryptocurrency is becoming even more popular as an investment, it is evidently gaining traction globally as a mode of payment too – albeit not without factoring in …
Cronos DeFi Project MM.Finance Suffers $2M Exploit
The biggest decentralized exchange on Cronos has been hacked. MM.Finance, an ecosystem of DeFi applications and the biggest decentralized exchange on the Cronos blockchain, has suffered a $2 million …
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The Rise Of Web3: What Cybersecurity Concerns Should We Look Out For?
Web3 is the kitschy term that refers to the next iteration of our internet—including cryptocurrencies, decentralized networks, the blockchain and more. While for many people the concept of Web3 seems …
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Polkadot launches cross-chain messaging system to solve blockchain’s bridge problem
Blockchain platform Polkadot has launched a new cross-chain communications protocol, saying it will do away with cumbersome bridging mechanisms that have cost the crypto industry billions in cyber …
Why The DeFi Sector Has Seen $1.57B In Exploits And Already Exceeds 2021 Record
Per a report from blockchain security firm Peck Shield, the DeFi sector has been under attack with a profitable season for bad actors. The total amount extracted from different crypto projects has …
Crypto Hackers Stole More Than $370 Million In April Alone
In April alone, hackers stole more than $370 million in crypto from several web3 projects, according to a cybersecurity firm, with nearly $100 million being stolen over the weekend. In the last month, …
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