Solana-Based DeFi Platform Mango Markets Drafts Proposal for Settlement Conditions With SEC

August 22, 2024 The Daily Hodl

Altcoins

A decentralized finance (DeFi) platform based on the smart contract platform Solana (SOL) is drafting a proposal to settle with the U.S. Securities and Exchange Commission (SEC). In a new community proposal, the decentralized autonomous organization (DAO) of Mango Markets (MNGO) has voted to settle with the SEC even though the regulator hasn’t formally charged […]

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Indian Crypto Exchange WazirX To Roll Back All Trades and Restore Balances Following $230,000,000 Hack in July

August 10, 2024 The Daily Hodl

crypto

Indian crypto exchange WazirX is reversing all trades and restoring customer balances after the platform was hacked to the tune of hundreds of millions of dollars in July. In a new thread on the social media platform X, WazirX says that after listening to the community, it has decided to roll back all trades made […]

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Ronin ‘white hat’ attacker returns $10M in ETH after apparent accidental front-run

August 6, 2024 Coin Telegraph

Ronin ‘white hat’ attacker returns M in ETH after apparent accidental front-run

Axie Infinity

The MEV bot returned nearly all of the funds, and the team claimed that $500,000 was being paid to it as a bounty.

The maximum extractable value (MEV) bot that drained nearly 3,996 Ether (ETH) from the Ronin network bridge on Aug. 6 has returned nearly all of the funds, according to data from block explorer Etherscan. This indicates that the bot may have accidentally front-run the attack. At the time the ETH was returned, it was worth more than $10 million.

The bot returned the funds at 3:04 pm UTC. A total of 3,991 ETH was transferred to the Ronin team, while the remaining 5 ETH has not been returned. The Ronin team announced the return on social media platform X and stated that the bot’s owner was being rewarded $500,000 for discovering the exploit.

The team said it will only allow the bridge to be reopened after the vulnerability is patched and an audit is performed.

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Ronin bridge halted after being hit with a $10 million exploit

August 6, 2024 The Crypto Briefing

Ronin bridge halted after being hit with a million exploit

Crypto Briefing

The recurring vulnerabilities in crypto bridges highlight the urgent need for enhanced security measures to protect substantial user funds.

The post Ronin bridge halted after being hit with a $10 million exploit appeared first on Crypto Briefing.

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Rho Markets Pauses Platform After Attacker Siphons $7.6 Million in Digital Assets

July 20, 2024 Bitcoin.com

Rho Markets Pauses Platform After Attacker Siphons .6 Million in Digital Assets

bitcoin.com

The digital asset security platform Cyvers Alerts disclosed on July 19 that Rho Markets’ liquidity layer on Scroll had been exploited after hackers took control of an oracle access control. Cyvers reported that the attacker held $7.6 million across multiple chains, with USDC and USDT pools among the affected assets. Shortly after detecting unusual activity, […]

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Lifi Finance Hit by $8 Million Exploit, Warns Users to Avoid Applications

July 16, 2024 Bitcoin.com

Lifi Finance Hit by Million Exploit, Warns Users to Avoid Applications

bitcoin.com

According to reports, the decentralized finance (defi) protocol Lifi Finance experienced an $8 million loss due to an exploit. Lifi confirmed the breach on X and advised users to avoid interacting with Lifi-powered applications. Lifi Finance Loses $8 Million to Exploit On Tuesday, the onchain security firm Peckshield revealed that Lifi Finance had been compromised, […]

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Blockchain Security Firm Certik Returns $3,000,000 in Exploited Funds to Crypto Exchange Kraken

June 20, 2024 The Daily Hodl

Blockchain Security Firm Certik Returns ,000,000 in Exploited Funds to Crypto Exchange Kraken

bug bounty

A digital asset security research firm has returned $3 million in funds to crypto exchange Kraken after an unusual saga following a bug bounty program exploit. Yesterday, Kraken chief security officer Nick Percoco said in a lengthy X thread that the exchange was alerted days ago that an “extremely critical” code exploit allowing hackers to artificially […]

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Kraken Security Officer Says Black Hat Entity Exploited Exchange for $3,000,000 Upon Finding ‘Isolated Bug’ in Code

June 19, 2024 The Daily Hodl

Kraken Security Officer Says Black Hat Entity Exploited Exchange for ,000,000 Upon Finding ‘Isolated Bug’ in Code

Black Hat Hacker

A Kraken executive says that a black hat entity stole $3 million from the firm after finding a bug in the exchange’s systems. In a lengthy thread on the social media platform X, Nick Percoco, Kraken’s chief security officer, says that earlier this month, Kraken received an update from their Bug Bounty program claiming there […]

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Binance Co-Founder Asks Elon Musk To Address Crypto Scams on X After Her Followers Get Hit With Wallet Drainer

June 17, 2024 The Daily Hodl

Binance

The co-founder of Binance is asking billionaire Elon Musk, who owns the social media platform X, to address the crypto scams proliferating over the website after her followers fell victim to a wallet drainer. In a new thread, Yi He tells her followers that a scammer is posing as her on X to trick people […]

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Onchain Alerts Uncover $19 Million Siphoned From Defi Protocol Uwu Lend

June 10, 2024 Bitcoin.com

Onchain Alerts Uncover Million Siphoned From Defi Protocol Uwu Lend

Arkham

On June 10, the onchain intelligence platform Arkham revealed that the decentralized finance (defi) protocol Uwu Lend may have experienced a potential exploit. Arkham and Cyvers reported that more than $19 million had been siphoned from the lending protocol. Over $19M Drained From Uwu Lend The defi lending platform Uwu Lend is believed to have […]

exploit

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