XLink is partnering with Kaamel Technology to investigate the initial cause of the breach while accelerating previously communicated security upgrades
Hacks News
Hacks have become prevalent in the digital age, encompassing various sectors and technologies. In the realm of decentralized finance (DeFi), where financial services operate on blockchain networks without traditional intermediaries, the risks of hacks are particularly notable. DeFi platforms, built on smart contracts, are susceptible to vulnerabilities, leading to significant financial losses.
DeFi hacks frequently take advantage of smart contract flaws, allowing hackers to change code and steal money. These incidents show that to strengthen DeFi protocols, thorough security audits and ongoing testing are required. A frequent type of DeFi hack is a flash loan attack, which entails borrowing a sizable amount in a single transaction, tampering with market prices and making money off of the ensuing price imbalances.
Conventional hacks, on the other hand, focus on databases, wallets or centralized exchanges. Phishing attempts deceive people into disclosing private information, which allows unwanted access. Hackers also frequently use ransomware, malware and distributed denial-of-service attacks to compromise digital assets and interfere with services.
Preventing hacks requires a combination of robust cybersecurity practices, regular audits and user education. As the digital landscape evolves, vigilance and proactive measures are essential to mitigate the risks associated with hacking incidents, ensuring the security of online assets and financial transactions.
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The team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges.
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Pink Drainer, infamous for aiding in crypto thefts, shut down operations after amassing over $85 million in stolen assets.
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XLink faced a security breach involving almost $10 million, with $4.3 million recovered thanks to a friendly neighborhood white hat hacker.
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Pump.fun said its smart contracts are safe, and impacted users will receive “100% of the liquidity” that it previously had within the next 24 hours.
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A UN report reveals North Korean hackers laundered $150 million in stolen crypto assets through Tornado Cash in March 2024.
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Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC. Efforts to recover the funds are ongoing.
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The deployer account changed an Alex contract’s implementation address, and multiple tokens were subsequently drained from its bridge.
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The Poloniex hacker moved over 17,800 Ether from six different wallets into a single Tornado Cash address.
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A flaw in the bridge could have allowed an attacker to produce fake token transfers, but it was discovered and patched before anyone could take advantage of it.
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Several wallets belonging to Rain sent Bitcoin, Ether, and tokens to an attacker's address
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On-chain transactions leading up to the return suggest this wasn’t a white hat hacker but a malicious actor who intended to steal the funds before investigators got involved.
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The state-backed North Korean hacking group Kimsuky reportedly used a new malware variant to target at least two South Korean crypto firms.
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Blockchain data shows that nearly 23,000 ETH was transferred into the victim’s account after negotiations opened on May 10.
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An attacker could have placed a limit buy order with an arbitrarily high open price to automatically win every trade, the Zellic security platform discovered.
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