Security Breach At Dolomite: Users Urged To Take Precautionary Measures

The Ethereum contracts associated with the popular decentralized exchange, Dolomite, recently fell victim to a concerning approval attack, resulting in a significant loss estimated at around $1.9 million.  The old contracts of @Dolomite_io on Ethereum suffered an approval attack, resulting in a loss of ~$1.9M. The hacker exploited the batchTransfer function of the TradeDelegate contract to transfer tokens approved to the contract from users. The batchTransfer function can only be… https://t.co/kXZsIXPtkI pic.twitter.com/SwnwwEvszA — Beosin Alert (@BeosinAlert) March 21, 2024 The attack targeted the batchTransfer function within the TradeDelegate contract, exploiting tokens approved to the contract from unsuspecting users. This function,

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Peckshield: Cryptocurrency Hackers Stole Over $360 Million in February

Peckshield: Cryptocurrency Hackers Stole Over $360 Million in FebruaryCryptocurrency hackers stole over $360 million during February, almost doubling the amount stolen in January. According to Peckshield, a cryptocurrency and blockchain security firm, the largest hack event in February involved a security breach in Playdapp, a Web3 gaming platform, that lost $290 million four days after being attacked. Fixedfloat, a cryptocurrency exchange, also lost […]

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Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees

Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging FeesIn just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343% increase in transaction fees, which have risen from $1.99 per transaction on April 26 to a current […]

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Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison

Russian Court Sends 3 Crypto Robbers to Strict-Regime PrisonThree Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages, prosecutors announced. Robbers Get Prison Sentence for Cryptocurrency Theft in Russia A court in the Russian […]

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Court to Try 2 Russians for Stealing 86 Bitcoins From Crypto Miner

Court to Try 2 Russians for Stealing 86 Bitcoins From Crypto MinerTwo residents of the Russian city of Tomsk will be tried for “large-scale robbery” involving the theft of cryptocurrency worth millions of rubles from a local miner. The digital coins were stolen from the owner at gunpoint, authorities said, adding that both criminals are now in custody. Thieves Face Trial in Russia for Armed Robbery […]

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