The industry is likely to see “further attempts from hackers targeting bridges in 2023,” while users are urged to be warier of their private keys.
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The industry is likely to see “further attempts from hackers targeting bridges in 2023,” while users are urged to be warier of their private keys.
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The month of December had the smallest figure for cryptocurrencies stolen in 2022 with around 23 major incidents according to CertiK.
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No user funds have been affected by the exploit, but Inverse Finance has incurred a debt and offered the attacker a bounty to return the stolen funds.
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A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline.
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The exchange has been taken offline due to the discovery of the bug and the team has implemented an “emergency fix” and updated the decentralized exchange.
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The amount exploited this year so far surpasses the total amount stolen in all of 2020 and 2021 combined, with the month of March alone beating 2020 by over $200 million.
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A highly anticipated NFT project has been hit with an exploit and a smart contract bug, causing a disruption to its auction and leaving the team with $33 million unable to be accessed.
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