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Security Hacker

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Cream Finance loses $25 million in another security breach

TL;DR Breakdown Cream Finance has suffered another security breach that drained about $25 million in AMP and ETH. The incident was a result of a “reentrancy bug” on AMP token contract. For the second time in six months, popular decentralized lending protocol Cream Finance has suffered another attack due to a “reentrancy bug,” according to …

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Liquid Exchange loses over $80 million digital assets in latest attack

TL;DR Breakdown: Liquid Exchange has reportedly lost over $80 million worth of assets to hackers. The exchange says its cold wallet wasn’t affected, and investigations are ongoing. Institutional-grade cryptocurrency exchange, Liquid Global Exchange, has reportedly lost over $80 million worth of digital currencies, including Bitcoin (BTC) and Ether (ETH), in the latest security breach. The …

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Poly Network attackers return stolen crypto funds worth $611 million

TL;DR Breakdown: Poly Network attackers have begun returning the funds stolen from the protocol.  So far, about $2 million in crypto has been returned to Poly Network.  On Tuesday, the crypto industry witnessed what seems to be the largest DeFi theft in history, with over $600 million in digital assets stolen from Poly Network, an …

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Monero bug: Developers warn of ‘significant bug’ that can impact users’ privacy

TL;DR Breakdown: Monero developers have discovered a bug that can impact the users’ privacy. Users have been instructed to wait longer before spending newly received XMR to curb the impact of the Monero bug.  Monero developers just learned about a flaw in the privacy coin’s “decoy selection algorithm,” which can impact the privacy of users …

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Michael Saylor

American beef firm forced to pay $11M in Bitcoin to ransomware hackers

TL;DR Breakdown JBS Holding pays ransom to regain control of their system from hackers Ransomware hacks becomes a growing concern for U.S Biden government takes measure American beef firm and the world’s largest meat producer, JBS Holdings, have paid $11 million in Bitcoin to ransomware hackers of its plant. Reportedly, they made the payment to …

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Black hat hackers

Black-hat hackers hit DeFi aggregator on launch day

TL;DR Breakdown Black-hat hackers hack ForceDao project on launch date. How hackers hit DeFi project. New Ethereum decentralized finance project, ForceDao has been left wounded after it was hit massively by black-hat hackers some hours after its launch. Several million were moved out of the platform until a whitehat hacker discovered the bug. The developers …

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Buggy contract: DODO loses $3.5 million in recent attack

TL;DR Breakdown Several DODO V2 Crowdpools have been exploited, resulting in the loss of about $3.5 million. The exchange expects to recover about $1.8 million of the drained funds. One of the leading decentralized exchanges (DEX), DODO, has confirmed an attack today that resulted in the loss of millions of dollars from some of its …

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Verge suffers massive block reorg attack, 200-day transaction history wiped

TL;DR Breakdown Verge network suffered a massive block reorg attack late Monday. The incident resulted in the loss of 200 days of transaction history on the network. For the first time in 2021, a cryptocurrency has suffered a massive block reorg (or blockchain reorganization) attack. This starts with Verge (XVG), a decentralized open-source digital currency …

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Blockfolio allegedly breached as users receive offensive messages

TL;DR Breakdown:  Crypto tracking platform, Blockfolio has been breached. Users complained of receiving offensive messages, which are apparently not from the team.  However, they have assured users that all funds are safe as they work to resolve the issue.  Digital currency management and tracking application, Blockfolio is suspecting a breach, as users are raising complaints …

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Experts detect crypto-mining malware targeting Kubernetes clusters

TL;DR Breakdown Security experts have detected a new crypto-mining malware targeting Kubernetes clusters. The malware is believed to be from TeamTNT. New malware is reportedly targeting Kubernetes clusters, a set of nodes that run containerized applications, to mine cryptocurrencies unauthorizedly. The security researchers at Palo Alto Networks Inc. spotted the crypto-mining malware recently, adding that …

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DOJ charges NetWalker ransomware attacker who extorted $27M

TL;DR Breakdown: A Canadian NetWalker ransomware attacker has been charged by the US DOJ. More than $400,000 in crypto was confiscated from him. The United States authorities have charged a Canadian who’s allegedly responsible for about $27 million in ransomware attacks. According to the document, the defendant, named Sebastien Vachon-Desjardins, is part of the NetWalker …

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30 Japanese arrested over NEM token stolen from Coincheck in 2018

TL;DR Breakdown: Thirty people from Japan have been charged for exchanging NEM tokens allegedly stolen from Coincheck. The suspect used a dark web platform to swap the cryptos before cashing out to their accounts. The Japanese authorities have arrested a group of persons who were caught exchanging NEM tokens, which were allegedly stolen from the …

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