Defi exploit – DIGIT INFO

Eisenberg seeks to have Mango Markets fraud convictions thrown out

DIGIT — Wed, 07 Aug 2024 16:46:09 +0000

Eisenberg has insisted all along that his actions on Mango Markets were legal trading and not fraud or market manipulation.

Go to Source

Ronin Network Reclaims $12 Million in Stolen Digital Assets

DIGIT — Wed, 07 Aug 2024 15:30:11 +0000

Ronin Network stated that digital assets worth $12 million, siphoned by so-called white hat hackers on August 6, were returned in full the same day. The Ronin team mentioned that they paused the bridge approximately 40 minutes after the first on-chain action was detected. The team also assured users that their funds were “safe and […]

Go to Source

Attackers Steal $1.6 Million in Digital Assets From Defi Protocol Pike Finance

DIGIT — Thu, 02 May 2024 08:19:17 +0000

Unknown attackers recently siphoned digital assets valued at just under $1.6 million from the decentralized finance protocol, Pike Finance. The protocol announced it is offering a 20% reward for the return of the funds, while an ongoing investigation into the incident continues. USDC Vulnerability The decentralized finance (defi) protocol, Pike Finance, said on May 1 […]

Go to Source

No ‘respite’ for exploits, flash loans or exit scams in 2023: Cybersecurity firm

DIGIT — Tue, 03 Jan 2023 03:30:00 +0000

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.

Go to Source

$62M crypto stolen in Dec was the ‘lowest monthly figure’ in 2022: CertiK

DIGIT — Mon, 02 Jan 2023 05:55:36 +0000

The month of December had the smallest figure for cryptocurrencies stolen in 2022 with around 23 major incidents according to CertiK.

Go to Source

Defi Platform Moola Exploited for $8.4 Million in Incident Described as ‘Incredibly Simple Attack’

DIGIT — Wed, 19 Oct 2022 16:30:42 +0000

Moola, a decentralized finance (defi) lending and borrowing platform, was recently exploited for $8.4 million in what has been described as an “incredibly simple attack.” Moola responded to the attack by pausing all activity on the platform. The defi platform also told the attacker(s) it was willing to negotiate a “bounty payment in exchange for […]

Go to Source

Binance CEO Says Exchange Recovered $450 Million From the Curve Finance Attack

DIGIT — Sat, 13 Aug 2022 16:30:30 +0000

Following the recent Curve Finance attack, Binance CEO Changpeng Zhao announced that the exchange had recovered $450 million from hackers. The decentralized finance (defi) platform Curve saw roughly $570 million siphoned from the application on August 9. Binance Boss Says Exchange Froze 83% of the Curve Finance Hack Funds, Domain Provider Says Exploit Was DNS […]

Go to Source

Inverse Finance exploited again for $1.2M in flashloan oracle attack

DIGIT — Fri, 17 Jun 2022 03:49:51 +0000

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.

Go to Source

Illicit crypto usage as a percent of total usage has fallen: Report

DIGIT — Tue, 14 Jun 2022 04:01:09 +0000

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.

Go to Source

Maiar decentralized crypto exchange goes offline after bug discovery

DIGIT — Tue, 07 Jun 2022 08:39:50 +0000

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.

Go to Source