Arbitrum liquidity protocol suffers massive hack as $7.5M vanishes overnight

The cryptocurrency industry witnessed another massive security attack, with Jimbos, an Arbitrum-based protocol, being the latest victim. The suspected hack breached the liquidity protocol, resulting in enormous losses of around 4,000 Ethereum (ETH), worth around $7.

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Grap Finance Claims Responsibility for $4M Cover Protocol Hack, Returns Funds

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Decentralized insurance protocol Cover holds vote to cover Pickle hack

If the vote passes, the claim will move to a validity committee to approve a possible payout of $340,000.

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DeFi Protocol Pickle Finance Token Loses Almost Half Its Value After $19.7M Hack

Popular decentralized finance protocol Pickle Finance was hacked on Saturday, draining $19.7 million in DAI.

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Another day, another defi flash loan 'hack': $7+ million lost

As of Tuesday, the Origin Protocol becomes yet another victim of the flash loan hack. This has caused a loss of funds north of $7 million including funds deposited by the founders. The attack was dThe post Another day, another defi flash loan 'hack': $7+ million lost appeared first on AMBCrypto.

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Value DeFi Hacker Returns $2 Million Out of Goodwill, New Vaults Coming with “Maximum Security & Audit”

“Do you really know flash loans,” is what the hacker of yet another decentralized finance (DeFi) protocol has to say to the yield aggregating pool, Value DeFi. This cheeky message has been in response to Value DeFi’s tweet just a day before the hack claiming it has flash loan attack prevention.

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Breaking: Akropolis Reportedly Hacked for $2M in DAI Stablecoins

Decentralized finance (DeFi) protocol Akropolis has reportedly been hacked, with the attacker making off with $2 million in DAI tokens. Details of the Akropolis Hack Tweeting on Nov. 12, the project revealed: “We recently identified a hack executed across a body of smart contracts in the ‘savings pools’ that have been audited twice.

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Uniswap Trading Volume Exceeds $2 Billion Amid Harvest Finance Protocol Hack

Trade volume on Uniswap reached a record of $2.12 billion, coinciding with the hack of Harvest Finance DeFi protocol that resulted in the theft of $24 million in digital assets.

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Harvest Finance Hacked for $24 Million, Puts Bounty on Alleged Attacker

According to reports on Oct 26. 2020, nearly $24 million in value has been siphoned from the liquidity pools of Harvest Finance, a major decentralized finance (DeFi) protocol. Harvest Finance subsequently confirmed the hack, stating that the protocol is “working actively on the issue of mitigating the economic attack on the Stablecoin and BTC pools.

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KuCoin Attack Update: Hackers Use Uniswap to Dump OCEAN and Synthetix

The KuCoin exchange hack has led to the attackers commencing a massive dump of several ERC-20 tokens now in their possession. The token dump is primarily taking place on the Uniswap decentralized exchange protocol, which theoretically makes it impossible to stop.

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DeFi protocol bZx suffers $8 million hack, customer funds safe

Blockchain protocol bZx suffered a hack early Monday, with hackers making away with almost $8 million in various cryptocurrencies before the vulnerability was patched. The post DeFi protocol bZx suffers $8 million hack, customer funds safe appeared first on CryptoSlate.

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$8.1 Million Lost In bZx Protocol’s Third High-Profile Hack This Year

Decentralized Finance (DeFi) lending protocol, bZx, has been hit by the third exploit this year. This time, it is believed that the hackers made off with approximately $8 million worth of digital assets.

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Defi Protocol Bzx Loses $8.1 Million in Third Hack This Year

So called decentralized finance (defi) lending platform Bzx on Sunday lost $8. 1 million in a new hacking attack, the third this year, caused by a flawed code in its smart contracts. The bug allowed the hacker to mint 219,200 LINK tokens (valued at $2.

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Why isn’t Ethereum Classic worth $0? Macro investor asks after 51% attacks

Ethereum Classic (ETC), the fork or version of the Ethereum protocol that didn’t freeze the funds of the infamous DAO hack, has been under the spotlight over the past week. The post Why isn’t Ethereum Classic worth $0? Macro investor asks after 51% attacks appeared first on CryptoSlate.

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aelf’s Hacker Bounty Phase 2 Kicks Off

aelf Stakes $100,000 USD (1 Million ELF) to anyone who can hack their Cross-Chain Transfer Protocol On July 16th, 2020 aelf announced their latest bounty program in which hackers will race against each other in an attempt to hack 1 million ELF tokens ($100,000 USD at time of press) in a Cross-Chain token transfer.

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As DeFi Is Marred by $500k Hack, Compound Is Changing Its Governance Protocol

After the DeFi project Balancer got hit by a $500,000 hack earlier this week, other projects have seemingly taken notice and changing rules on token distribution and governance. Compound is the first of these, as per a governance report Tuesday.

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DeFi Protocol dForce Successfully Compensates All Users After Last Week’s $24.95 Million Hack

Chinese decentralized finance (DeFi) protocol, dForce was hacked last week but the startup promised to make users whole again. The platform announced that it has fully compensated the victims through the funds that the hacker returned.

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Hacker Returns $25 Million Worth Of Cryptos Stolen From DForce

Over the weekend, something really severe happened to dForce, decentralized finance protocol. A hacker managed to gain unauthorized access to the network and drained its wallets dry. Following the hack, it was found that a total of $25 million in cryptos was stolen.

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Happy Ending of Ethereum DeFi Hack Still Leaves Much to Be Desired

It has been a tumultuous ride for users of Ethereum’s decentralized finance (DeFi) over the past few days. The evening of April 18th saw DeFi protocol Lendf. me go into a tailspin, with the protocol’s primary address bleeding funds at a rapid clip.

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dForce DeFi Protocol Hacked, $25M in Bitcoin (BTC) and Ethereum (ETH) Stolen

Today, the worldwide DeFi community witnessed probably its most devastating hack ever. The attack on the dForce protocol (aka Lendf.me) resulted in a $25M total loss.

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DeFi Protocol bZX Gets Abused Once Again

As if one attack against a DeFi protocol is not enough, bZX keeps generating headlines. The protocol has been “abused” for the second time in less than a week. One could argue that the first incident is not even a hack.

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Researchers Exploit Canon DSLR Camera and Demand Bitcoin Ransomware in Latest Hack Attack

Cybersecurity researchers are always looking for flawed systems in order to expose vulnerabilities. The latest effort was made by a group of researchers who hacked a Canon EOS 80D DSLR camera in order to test a ransomware scheme.

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Infographic: An Overview of Compromised Bitcoin Exchange Events

The purpose of this infographic is to visualize the size of large cryptocurrency hacks that have occurred in the past as if they all happened today. The hacks included in this infographic extend beyond exchanges, as there were other large entities that experienced cryptocurrency hacks, such as marketplaces like Silk Road 2.

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Bitcoin [BTC]: Blockchain reorgs are an important part of BTC protocol, says Money Button’s Ryan X. Charles

Shortly after a major hack cost one of the world’s foremost exchanges, Binance, 7000 BTCs worth $41 million, Changpeng Zhao’s brief consideration of ‘reorgs’ spurred the crypto-verse’s interest.

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Bitcoin [BTC] whale alert lends helping hand to Binance following $40 million hack

Well, what they say is true, a Bitcoin [BTC] bull-run brings the entire cryptocurrency market together. The large virtual currency transaction aggregator Whale Alert has pledged its support to Binance, following the latter’s hack to the tune of $40 million last week.

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SpankChain Smart Contract Compromised, Hackers Take $38,000 in Ethereum (ETH)

Blockchain-based adult entertainment protocol SpankChain revealed the theft of 165. 8 ether (ETH), worth $38,000 at the time. The move occurred after hackers exploited a smart contract bug on the protocol, according to an official release on Oct.

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Porn-oriented cryptocurrency SpankChain skips security audit, gets hacked

Another day, another cryptocurrency hack. Notorious blockchain startup SpankChain has temporarily taken down its adult streaming platform after attackers exploited its smart contracts to steal $38,000 worth of Ethereum.

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Novice, Intermediate or Expert? A Quiz to Test Your Bitcoin Knowledge

Think you know the ins-and-outs of bitcoin? Test yourself with 30 questions that grill you on Bitcoin’s history, technology and politics. The 30 questions are split up into three segments ranging from novice to intermediate to expert, and cover a wide range of topics across the Bitcoin landscape.

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Bitcoin Magazine’s Week in Review: The Resilience of Bitcoin

Altcoins may come and go; hacks may challenge exchanges; mainstream financial advisors might not get it — but even in the face of a protocol bug, Bitcoin perseveres and develops.

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Cryptocurrency Enthusiast Goes From Victim of a Hack to Blockchain Security Founder

According to Forbes, cryptocurrency enthusiasts can now validate the legitimacy of their initial coin offerings (ICOs), cryptocurrency wallets and even certain websites with the Sentinel Protocol.

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Bancor Publishes Yellow Paper In The Wake Of Hack, Decentralization Debate

The cryptocurrency protocol and network now has a yellow paper under its belt, but the publication’s timing points to a larger debate about decentralization.

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Distributed Dialogues: Blockchain’s Better Side

The fact that great responsibility accompanies great power has become crystal clear in the blockchain world. While blockchains are most commonly connected with commerce, the potential impact of distributed ledgers is being discovered in fresh sectors daily.

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KICKICO Will Return 70 Million KickCoins Token Holders Amid Security Breach

Ethereum-based protocol KICKICO suffered a hack attack. 70 million KICK tokens were stolen. Currently, the problem is eliminated, and all the stolen tokens are promised to be returned to the holders.

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Bancor Criticized For its Ability to Freeze Funds, Not for Exchange Hack

Bancor, a decentralized crypto exchange that raised $153 million in June 2017, has lost $12. 5 million in ether, the native cryptocurrency of Ethereum, in a recent security breach. However, the blockchain protocol and its developers were criticized not for the theft of their funds, but for their ability to freeze funds using a centrally controlled system.

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Syscoin Hack Disrupts Binance Prompting Temporary Shutdown 96 BTC ($600,000) is a lot of money to pay for anything, not least a single .

The BTC they received was then withdrawn, prompting Binance to temporarily cease trading and to reset all APIs, which are believed to have facilitated the attack. Intriguingly, the Syscoin hack came just one day after blockchain security protocol Blue claimed that half of the top 50 cryptocurrencies were vulnerable to “destructive flaws”. Binance Cancels All

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Bitcoin Magazine’s Week in Review: Looking Back to See the Way Ahead

It’s been a turbulent time for the cryptocurrency markets, so now is a good time to reflect on how and why we got here in the first place. First, an op ed makes the ideological case for Bitcoin.

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New Coinbase Additions: Ethereum Classic and Crypto Index Fund

Coinbase dominated headlines across the space this week with a pair of significant developments. The San Francisco–based exchange announced on Monday, June 11, its intention to add Ethereum Classic to its trading platform and then quickly followed the news on Tuesday with the official opening of a crypto index fund.

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