Crypto Exploits Surge in Q2, But Hackers Lose Out

The "Crypto Losses In Q2" report by Immunefi charts a rise in crypto exploits, but not all the news is bad. The post Crypto Exploits Surge in Q2, But Hackers Lose Out appeared first on BeInCrypto.

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Crypto industry loses $103m in April amid exploits, report shows

April was a rough month for the crypto world, as CertiK's report on crypto exploits, scams, and hacks revealed losses of over $103 million from various investors and projects.

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Hackers stole $93M from crypto projects in April

Crypto exploiters stole $93. 4 million from 41 exploits on crypto projects — averaging more than one exploit daily, according to Peckshield data. According to the blockchain security firm, this represents a significant decline compared to the amount stolen in March.

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Crypto Attacks Ramped Up in April, $100M Lost to Hacks and Exploits

Crypto attacks in April exceeded $100M, adding to the already substantial sum stolen in 2023. DeFi was the main target last month. The post Crypto Attacks Ramped Up in April, $100M Lost to Hacks and Exploits appeared first on BeInCrypto.

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Here's how much is lost to crypto hacks and exploits in Q1 2023

BNB Chain had the largest number of incidents in the quarter, while Ethereum had the biggest amount lost.

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Here’s how much was lost to crypto hacks and exploits in Q1 2023

BNB Chain had the most incidents during the quarter, while Ethereum saw the largest amount lost.

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A Comprehensive Guide on How to Thwart Crypto Hackers in 2023

The crypto market has witnessed countless hacks and exploits over the years. This has directly affected the mainstream adoption rate. Ergo, technological innovation is a must to protect customer assets and help exchanges and firms stay one step ahead of hackers.

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North Korean Regime Exploits Crypto Mining Services for Cover

Cybersecurity firm Mandiant has recently uncovered that North Korean cyber operator APT43 is exploiting cryptocurrency mining services to launder stolen funds and finance its espionage activities

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Crypto scams, exploits down 71% YoY as $370M lost since January

The crypto sphere lost $372 million to scams and exploits in the first quarter of 2023, according to a recent report from the creators of Rekt Database, De. Fi (formerly DeFiYieldApp. ) According to the report, Euler Finance, BonqDAO, and CoinDeal suffered the top three most considerable losses with $196 million, $120 million, and $45 million, respectively.

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Hacker exploits upcoming ARB airdrop

Reports indicate that a hacker has sent gas to about 2,400 crypto wallets in preparation for the upcoming Arbitrum ARB airdrop. 

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Hot Wallets Exploits Push This Crypto ATM Maker To End Cloud Service

One of the challenges of the crypto industry is cybercrime. These nefarious activities come in diverse strategies such as network hacks, phishing, exploits, etc. 2022 was one of the worst years for the industry as many projects and DeFi protocols recorded massive losses to bad actors.

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Oasis Exploits Its Own Wallet Software to Seize Crypto Stolen in Wormhole Hack

The High Court of England and Wales ordered the crypto platform to reclaim the stolen funds.

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CoWSwap Loses Over 550 BNB Tokens Through Solver Exploit

The crypto industry has been trying to increase the safety of most crypto assets and protocols using modern technological approaches. However, issues of exploits in the industry are becoming more rampant than before.

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Breaking down stats as crypto witnesses 93% YoY decline on exploits

According to research, cryptocurrency hacks caused $8. 8 million in damages in January. When compared to the $121. 4 million in exploitable losses in January 2022, January's data indicated a 92.

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Crypto users lost $28m to scammers in January

A report by web3 security firm CertiK has revealed that crypto users lost a combined $28 million to an assortment of exploits, hacks, and scams in January.

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Crypto and DeFi Losses Hit $3.9 Billion in 2022, Says Report

2022 saw billions of losses to DeFi and crypto exploits. Only 5.2% of the losses were recovered, according to a report by Immunefi. The post Crypto and DeFi Losses Hit $3.9 Billion in 2022, Says Report appeared first on BeInCrypto.

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The 10 largest crypto hacks and exploits in 2022 saw $2.1B stolen

Just the top 10 major cryptocurrency exploits garnered over $2 billion for malicious actors in a year that was marred with bankruptcies and collapses.

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Cross-Chain Bridge Hacks Were the Newest Headache in 2022 for Crypto Users

According to a report published earlier this year, cross-chain bridges are the victim of 50% of all DeFi exploits. The post Cross-Chain Bridge Hacks Were the Newest Headache in 2022 for Crypto Users appeared first on BeInCrypto.

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Crypto’s Responsibility to Law Enforcement in 2023 and Beyond

After a series of high profile exploits and indications that blockchain is being used to launder money, the industry and law enforcement have to develop better practices and tools to follow the money.

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This Was the Worst Year for Crypto Hacks. Here’s How 2023 Can Be Better

OpenZeppelin’s Stephen Lloyd Webber writes about the plague of exploits that drained billions from crypto protocols – and how Web3 can better secure itself.

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Benevolent Moola Market DeFi Hacker Returns Almost $9M in Exploited Funds

'Hacktober' is continuing to solidify itself as one of the worst months on record for crypto and DeFi exploits as Moola Market joins the list of victims. The post Benevolent Moola Market DeFi Hacker Returns Almost $9M in Exploited Funds appeared first on BeInCrypto.

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Mango Markets Exploiter Returns Funds, Issues Statement On Twitter

In the recent news, Mango Markets, a decentralized crypto platform based on Solana, experienced an exploit. According to a source, the attack led to a loss of $114 million worth of crypto tokens. Exploits in the crypto industry are increasingly becoming more rampant on different platforms.

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Mango Markets Community Conflicted Over Record $47M ‘Bounty’

Following one of the largest decentralized finance exploits of the year, the Mango Markets community has voted in favor of one of the largest crypto ‘bounties’ ever. The post Mango Markets Community Conflicted Over Record $47M ‘Bounty’ appeared first on BeInCrypto.

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DeFi Apps display their soft underbelly - October 2022 is the biggest month for Crypto hacks ever

Decentralized Finance protocols are harder to run than they look. There are multiple points of failure for platforms including smart contract exploits, flash loan attacks, and rug pulls by anonymous employees.

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Hackers Attack MangoMarkets, TempleDAO, And QAN DeFi Platform

2022 is a rough year for the DeFi ecosystem as hackers continue exploiting the community. From the beginning of the year till now, news of DeFi protocol exploits keeps flooding the crypto industry. So the question is: why do hackers keep targeting decentralized finance protocols? Today’s report reveals that three DeFi protocols have suffered hack […]

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Solana-Based Mango Protocol Suffers $100M+ Exploit

Mango Markets was victim to the latest exploit this week, as crypto cannot seem to escape an absolutely abhorrent Tuesday. Two exploits less than one day apart – and less than a week after the BNB Chain exploit that utilized a bridge to create millions of new BNB.

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Binance Smart Chain Reduces BNB Hack Damage by 80%, Oryen Network Shows Strength

Hacks and exploits are sad but a regular occurrence in the crypto industry. The attackers usually exploit bugs and vulnerabilities in innovative code, draining funds and then vanishing into nirvana.

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Crypto Venture-Capital Firm Paradigm Leads $14M Funding Round for DeFi Platform Exponential

The investment discovery platform includes a risk assessment feature to help combat a growing wave of DeFi exploits

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MEV Crypto Bot Gains $1M But Loses Same To Hack Same Day

Hacks and exploits are increasingly taking more root in the crypto space. With the acceptance of digital assets globally, crimes also grow. The criminals use more technological approaches to aid their exploitation and hacks on protocols and platforms.

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Stanford Proposal for Reversible Ethereum Transactions Divides Crypto Community

Can Ethereum ward off hacks and exploits without compromising on its commitment to decentralization?

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Crypto Sleuth Links The Wintermute $160M Hack To Insider Job

In the crypto industry, issues of hacks and exploits have become one of the dreaded nightmares. The increasing expansion of the crypto space brews more exploitations as well. Despite the security measures most crypto protocols build around them, the bad actors never cease to scan for available vulnerabilities.

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Hacker Exploits Profanity’s Vanity Address to Steal $950 in ETH

Barely one week after the Wintermute hack, $950,000 in Ether (ETH) has been stolen from a crypto wallet through a “vanity address” exploit, according to reports on September 26, 2022. Profanity-Generated Vanity Addresses Under Attack On September 26, Peckshield, a…

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Hacker steals $3.3 million using Profanity’s vanity Ethereum addresses

Since the crypto industry expanded its growth, it has become the favorite place for hackers to commit exploits. The Ethereum vanity addresses generated via the Profanity tool have now become the latest loophole to dupe millions of crypto users.

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Crypto trader exploits GMX, manipulates AVAX price to remove $565K

A crypto trader on GMX exchange leveraged the zero slippage feature to extract over $565,000 in profit by manipulating the price of the AVAX token. The post Crypto trader exploits GMX, manipulates AVAX price to remove $565K appeared first on CryptoSlate.

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Crypto from Cream Finance Hack on Move

Cream Finance has become subject of mockery after suffering frequent exploits

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Saylor gets sued, FBI warns about DeFi exploits and Crypto.com drops $495M sponsorship: Hodler’s Digest, Aug. 28-Sept. 3

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Can AAVE's new proposals ditch 'Ghost Protocol' tag for the better

Aave [AAVE] is starting to attract attention in the crypto community after its recent exploits. Dubbed as the “Ghost Protocol,” Aave has been actively addressing community proposals recently in thThe post Can AAVE's new proposals ditch 'Ghost Protocol' tag for the better appeared first on AMBCrypto.

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Here's how Near Protocol avoided two hacks in a matter of months

Digital exploits have become a common theme in the crypto industry. At the same time, it has become increasingly rare for protocols to deceive hackers. In a matter of months, Aurora Labs has been ableThe post Here's how Near Protocol avoided two hacks in a matter of months appeared first on AMBCrypto.

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Elliptic Introduces Product to Track Crypto Flows Across all Blockchains in Single Screening

The analytics firm says the offering can be a game changer in the fight against exploits on cross-chain bridges, which are used to funnel crypto between different blockchains.

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Nomad Bridge Suffers ~$200M Exploit

Bridge exploits continue to prove to be a top concern across DeFi and crypto at large, as bridges time and time again have proven to be a major point of vulnerability. Enter once again another prime example with the latest 9-figure exploit, this time on the multi-chain Nomad Bridge.

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Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

The crypto industry is fraught with different malicious actors preying on unsuspecting users, especially the cryptojacking attackers. Many hacks and exploits occur in the industry, targeting crypto firms and individual investors.

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Crypto Exploits Hit $670M Q2 2022: ImmuneFi Report

ImmuneFi has published a new report stating that DeFi protocols collectively lost more than $670 million in 50 exploits over the last quarter. While the frequency of attacks increased versus...

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Chainalysis Launches Service for Crypto Crime Victims

Blockchain analytics firm Chainalysis has launched a “rapid response service” to help organizations deal with crypto-related attacks and exploits. Chainalysis Launches Crypto Crime Service Crypto organizations may have found a...

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Hacker Exploits ApolloX Exchange; Here’s What Led to the Loss of 53 million APX Tokens

Decentralized crypto exchange ApolloX was reportedly exploited on June 8, as the platform stated that the hacker found a flaw in the platform's Trading Rewards Contract. The post Hacker Exploits ApolloX Exchange; Here’s What Led to the Loss of 53 million APX Tokens appeared first on BeInCrypto.

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CFTC Will Beef Up Resources To Combat Crypto Fraud, Says Behnam

Crypto fraud and exploits have grown even more rampant in recent times. Consequently, the Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam has said the commission would expand its resources to tackle these issues.

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DeFi-ing exploits: New Chainalysis tool tracks stolen crypto across multiple chains

Blockchain analytics firm Chainalysis introduced a new tool to help monitor transactions and tokens across DeFi protocols and multiple blockchains.

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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 already surpassed the total recorded last year.

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Report: DApp daily users surge to 2.4M in Q1 2022 despite headwinds

It appears record-level DeFi exploits have not hurt crypto enthusiasts' confidence in DApps.

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‘Centralization issues’ are the biggest culprits of DeFi attacks: CertiK

DeFi is one of crypto's biggest growth stories, but it's also riddled with the most controversy. The sector lost $1.3 billion due to exploits in 2021.

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