Bitcoin sinks under $60,000 as $157 million in long positions are liquidated

Market instability and economic concerns are driving uncertainty in crypto investments, highlighting the vulnerability of risk assets to macroeconomic factors. The post Bitcoin sinks under $60,000 as $157 million in long positions are liquidated appeared first on Crypto Briefing.

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Kraken gets back all the funds taken during the recent “whitehat” attack

CertiK exposed a vulnerability, extracting $3 million before reporting it to Kraken. Kraken patched the bug quickly after the alert from CertiK. CertiK has returned the funds after some procedural disputes.

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Kraken recovers $3 million from Certik following bounty fiasco

Kraken chief security officer Nick Percoco has confirmed that the crypto exchange has recovered the funds recently stolen from its account after a bug vulnerability. On June 20, Percoco posted on X that the exchange had managed to recover these…

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Kraken faces extortion after $3 million crypto bug exploit

Cryptocurrency exchange Kraken recently revealed that a security vulnerability led to the loss of $3 million worth of digital assets. This incident involved a self-proclaimed security researcher who identified a critical bug, subsequently exploited by related accounts to siphon funds.

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Kraken patches “isolated bug”, says no user funds stolen

Kraken says it patched a bug that would have allowed exploiters to inflate account balances Bug discovered by a security researcher, whose connected accounts reportedly siphoned $3 million from Kraken treasury by exploiting the vulnerability.

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Loopring suffers $5 million loss after hacker exploits 2FA vulnerability

Loopring, a decentralized finance (DeFi) protocol built on Ethereum, recently experienced a significant security breach that resulted in a $5 million loss. The attack exploited a vulnerability in Loopring’s Guardian two-factor authentication (2FA) service, which is designed to enhance the security of its smart wallet application.

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Critical $5 Million Security Flaw in Aptos Wormhole Bridge – Certik

CertiK swiftly addressed a critical security flaw in the Wormhole bridge on the Aptos network, effectively preventing a potential loss of $5 million by patching the vulnerability. The post Critical $5 Million Security Flaw in Aptos Wormhole Bridge – Certik appeared first on BeInCrypto.

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Pike Finance admits to error following $1.7 million exploit, denies fault of USDC

On May 1, DeFi protocol Pike Finance corrected its description of a recent exploit and said it was not caused by a USDC vulnerability, as previously stated. According to the company’s latest statement: “The term ‘USDC vulnerability’ was inaccurate for summarizing last week’s exploit.

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Pike Finance exploited for $1.6M in second incident in 3 days

A smart contract vulnerability led to nearly $2 million worth of lost funds within three days on Pike Finance, which is offering a 20% reward for the stolen assets.

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Circle-backed protocol Pike Finance loses $1.6m due to ‘USDC vulnerability’

Decentralized protocol for cross-chain lending Pike Finance has suffered a $1.6 million loss due to weak security measures in functions managing USDC transfers. Pike Finance, a decentralized finance protocol specializing in cross-chain lending, fell victim to a hacking attack, resulting…

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DeFi Platform Mozaic Finance Suffers $2.4 Million Hack

Mozaic Finance, a decentralized finance (DeFi) platform, recently fell victim to a hack on the Arbitrum network, resulting in the loss of $2.4 million.  The breach occurred due to a vulnerability in a private key, allowing the attacker to exploit a specific contract function called “bridgeViaLifi,” accessible only by a […]

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Hackers Strike: About $1 Million Stolen From Bitcoin DeFi Protocol Sovryn via iToken Price Manipulation

Sovryn, a bitcoin-based DeFi protocol, loses about $1 million worth of crypto to cyber attackers in a price manipulation hack. The attacker(s) achieved this by exploiting a vulnerability discovered in the legacy Sovryn Lend/Borrow protocol.  Sovryn Loses $ 1 Million…

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Transit Swap hacker returns $16.5M of stolen funds

Cross-chain DEX aggregator Transit Swap had a rough weekend after it lost over $21 million of users’ funds to a vulnerability attack. The post Transit Swap hacker returns $16.5M of stolen funds appeared first on CryptoSlate.

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Hacker Exploits $21M Vulnerability in Transit Swap

Decentralized exchange aggregator Transit Swap lost $21 million to an exploit after a hacker took advantage of an internal fault in its swap contract. The post Hacker Exploits $21M Vulnerability in Transit Swap appeared first on BeInCrypto.

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White hat hacker grumbles over Arbitrum bounty reward after saving network from $475M loss

Riptide, a white hat hacker that discovered a vulnerability on Arbitrum, tweeted that his find was eligible for the max bounty reward of $2 million instead of the 400 ETH ($53,000) reward he got. The post White hat hacker grumbles over Arbitrum bounty reward after saving network from $475M loss appeared first on CryptoSlate.

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White hat finds huge vulnerability in Ethereum–Arbitrum bridge: Wen max bounty?

The ethical exploiter thanked Arbitrium for the 400 ETH payday but said such a find should be eligible for the max bounty of nearly 1,500 ETH, or $2 million.

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Chainalysis Estimates $2B Stolen From Cross-Chain Bridge Hacks This Year

This week, hackers used a vulnerability on the Nomad bridge to steal $190 million worth of crypto.

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Attackers stole $6 million from Audius by exploiting a bug in the contract

Decentralized music streaming platform Audius was exploited on July 23 when an attacker exploited a vulnerability in its governance smart contract code. The post Attackers stole $6 million from Audius by exploiting a bug in the contract appeared first on CryptoSlate.

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Hacker Decides To Return The Stolen Millions

On July 3rd, the Crema Finance decentralized liquidity protocol, which is part of the Solana ecosystem, was hacked. The hacker managed to find a platform vulnerability and committed a large-scale attack; as a result, he withdrew digital assets worth almost $10 million from liquidity pools.

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How This Ethereum Lending Platform Was Attacked And Made A Deal With The Hacker

Ethereum lending platform XCarnival confirmed a bad actor stole $3.8 million or 3,087 ETH. According to a report from on-chain security firm Peck Shield, a hacker exploited a vulnerability on the protocol’s smart contract by borrowing ETH and creating “multiple pledge orders to pledge BAYC (Bored Ape Yacht Club NFTs) many times”. Related Reading | Morgan […]

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Aurora Pays Out $6M Bug Bounty to White Hat Hacker

Aurora, a blockchain bridge project, has paid out the second-largest reward in crypto history after being informed of a vulnerability. $330 Million In Losses Averted A white hat hacker by...

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Rari Fuze hacker offered $10M bounty by Fei Protocol to return $80M loot

DeFi investigator BlockSec’s monitoring system detected a loss of more than $80 million — citing the root cause as a typical reentrancy vulnerability.

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How The $600M Ethereum Ronin Bridge Hack Was Exposed 6 Days Later

The Ethereum based bridge Ronin was hacked for $600 million in digital assets or 173,600 ETH and $25 million in USDC. This attack has become the largest in the history of decentralized finances (DeFi), surpassing the Poly Network hack which also exploited a bridge-rooted vulnerability.

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Update: Hacker Of Solana Based Cashio Will Return Part Of Stolen Funds

The team behind Cashio, a Solana-based dApp that was hacked last week, published a postmortem report on the attack. In one of the biggest hacks on this network, the bad actors managed to steal $50 million by exploiting a vulnerability on the dApp.

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Why White Hat Hackers Are Vital to the Crypto Ecosystem

White hat hacker Jay Freeman stopped a potential $750 million vulnerability from being exploited on three of Ethereum's layer 2 networks.

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MetaMask Finally Solves Wallet Vulnerability Thanks To OMNIA Protocol

Metamask is elated to announce it has finally solved a vulnerability in its wallet following the report by Alexandru Lupascu, OMNIA Protocol’s founder. As per the announcement, Metamask has finally managed to secure the privacy of its 21 million users after solving the vulnerabilities in its wallet.

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Inside the $320 Million Ethereum-Solana Wormhole Attack: What Went Down and What’s Next?

Developers have successfully patched a loophole used by an attacker to exploit Wormhole, a bridge protocol used to transfer tokens between the Solana and Ethereum networks. According to a tweet by Wormhole, facts that ZyCrypto can now confirm following a series of ETH transactions, the attacker had exploited a vulnerability on the bridge, siphoning 120k […]

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$80M Stolen From BSC-Based Qubit Finance In Latest DeFi Hack

A hacker has stolen $80 million in Binance Coin (BNB) after exploiting a critical vulnerability issue in the smart contract code deployed by decentralized finance (DeFi) protocol Qubit Finance on its cross-chain bridge.

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Hackers took advantage of bridge smart contract bug in Qubit Finance and stole $80 million

Due to a vulnerability in the smart contract code, the DeFi protocol Qubit Finance lost $80 million in cryptocurrencies. The project team turned to the hacker with a request to start negotiations.

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Multichain hacker returns 322 ETH, keeps hefty finders fee

Owing to a security vulnerability in six tokens, Multichain users lost more than $3 million over the week. A white hat hacker returned 322 ETH, but over 527 ETH is still exploited.

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Multichain under fire from users as hacking losses grow to $3M

Multichain users have lost over $3 million due to an unsolved security vulnerability that appeared in six supported tokens on Jan. 17.

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Illuvium takes measures to protect staked funds post discovery of vulnerability

Over the past year, Decentralised Finance (DeFi) has experienced exponential growth with more than 4.3 million users at the time of writing. Needless to say, it doesn't show any signs of slowing down,The post Illuvium takes measures to protect staked funds post discovery of vulnerability appeared first on AMBCrypto.

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Polygon Fixes A Bug That Would Have Led To The Loss Of $23.65 Billion In MATIC Tokens

Ethereum side-chain project Polygon has paid out a $2. 2 million bug bounty in stablecoins to whitehat Leon Spacewalker and another $1. 26 million to Whitehat2 in MATIC tokens for reporting the critical vulnerability in the protocol.

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DeFi Protocol Cream Finance Loses $130 Million Due To Hacker Attack

The long-suffering DeFi protocol Cream Finance fell victim to a hacker attack. Yes, once again. This time, a vulnerability in the code allowed scammers to steal $130 million in cryptocurrency.

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Polygon Successfully Averts Catastrophic Loss Of Up To $850 Million

Polygon has paid the highest bug bounty in DeFi history to a white hat hacker that exposed a dangerous vulnerability. The $2M was paid for drawing the attention of the network to a potential flaw that could have led to losses of up to $850M.

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Polygon avoids losses worth $850M; pays out $2M for disclosing vulnerability

A Whitehat hacker recently disclosed a critical vulnerability on Polygon, one that could have resulted in losses to the tune of $850 million. However, the Polygon team was quick to assure the commuThe post Polygon avoids losses worth $850M; pays out $2M for disclosing vulnerability appeared first on AMBCrypto.

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Compound bug puts $162 million worth of COMP at risk

The vulnerability comes on the back of a bug in the protocol's contract that…

The post Compound bug puts $162 million worth of COMP at risk appeared first on Coin Journal.

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Coinbase Promises to Deposit Stolen Funds to At Least 6,000 Hacked Accounts

Cryptocurrency exchange Coinbase, which has about 68 million users globally, disclosed this week that hackers stole from at least 6,000 of its customers. According to a breach notification letter sent by the exchange to affected customers, hackers used a vulnerability to bypass Coinbase’s SMS multi-factor authentication security feature.

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DeFi Protocol pNetwork Loses $12 Million In Tokenized Bitcoin

One of the threats that the crypto community face is the attack of cybercriminals. Many exchanges, projects, and apps often face one vulnerability exploitation or the other. Recently, BSC-based cross-chain pNetwork lost at least $12.

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Avalanche-Based Decentralized Finance Protocol, Zabu (ZABU) Hacked

Zabu Finance has been targeted by hackers in a $3. 2 million heist. The DeFi protocol powered by the Avalanche (AVAX) blockchain, announced via Twitter on September 12, 2021, that the bad actors stole the funds by exploiting a vulnerability in its Spore liquidity pool.

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DeFi Project xToken Suffers Second Attack, Loses $4.5 Million to Hackers

Decentralized finance (DeFi) protocol xToken suffered another exploit following a vulnerability in the xSNX contract, which resulted in the loss of $4. 5 million. Cream Finance protocol also lost over $26 million from a flash loan attack.

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Liquid Global exchange loses approximately $80M following an attack

Liquid Global, a Japanese crypto trading platform, has suffered a hack that saw malicious actors walk away with approximately $80 million (£58. 44 million). The exchange unveiled this news through a tweetstorm earlier today, noting that the hackers exploited a security vulnerability to breach its warm wallets.

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Sushi Patches A Vulnerability that Put Over $350 Million at Risk

DeFi bluechip Sushi team worked fast and patched a vulnerability that, if exploited, could have easily resulted in the loss of 109 ETH, worth about $350 million. The vulnerability was found and disclosed by @Samczsun, a research partner at Paradigm, the VC firm co-founded by the Coinbase co-founder, Fred Ehrsam.

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Critical vulnerability found in SushiSwap put $350 million at risk

A critical vulnerability found on decentralized exchange platform SushiSwap put over $350 million at risk before it was patched by developers last night, a report this morning showed. The post Critical vulnerability found in SushiSwap put $350 million at risk appeared first on CryptoSlate.

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Critical $20M SafeMoon vulnerability? Project devs say no cause for alarm

One blockchain security firm says its audit of the SafeMoon smart contract has unearthed a potential $20 million vulnerability within the viral meme coin.

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Furucombo DEX and Bundler Hacked for $15 Million

The Furucombo Twitter team announced the hack on Feb. 27. In the announcement, the team specified that the Furucombo proxy was attacked and compromised around 5pm UTC.   The company confirmed that the vulnerability has been patched and that the components have been deauthorized.

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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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$400 Million Yam Project Implodes after Smart Contract Vulnerability

A high-flying crypto project denoted by a sweet potato emoji was stopped “dead” in its tracks Thursday after a smart contract vulnerability was discovered hours before a “rebasing. ” Yam Falls Prey to Poor Smart Contracts Crypto is the roller-coaster that never fails to give.

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Hackers Exploit Ravencoin (RVN) Bug to Mint $5.7M Worth of Tokens from Thin Air

Rogue actors have reportedly exploited a blockchain vulnerability on the Ravencoin (RVN) network to print 315 million additional RVN tokens worth about $5. 7M. Hackers Mint 315M RVN from Thin Air Ravencoin announced the news in a Medium blog post published on Thursday (July 3, 2020).

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