
Approximately $181,000 worth of crypto assets was drained from Yield Protocol’s strategic contracts present on the Arbitrum blockchain.
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Through Facebook’s Move-based Ethereum virtual machines, Movement Labs aims to enhance smart contract security and transaction throughput within the Ethereum ecosystem.
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“On the table is a bounty equivalent to 10% of users’ funds taken from them by your hack,” said KyberSwap to its hacker in an on-chain message.
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A loophole in the code allowed the hacker to drain funds worth roughly $455,000 from Arcadia’s Ethereum (darcWETH) and Optimism (darcUSDC) vaults collectively.
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A few hours into the hack, to everyone’s surprise, the attacker surprisingly reached out to the Tornado Cash community with a new proposal, hinting at their intent to give back the governance control.
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Russian cybersecurity and anti-virus provider Kaspersky detected 5,040,520 crypto phishing attacks in the year as compared to 3,596,437 in 2021.
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23 days after the hack, on April 4, Euler Finance announced the total possible recovery of the lost funds, thus ending the $1 million bounty.
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A public burn function introduced in the latest upgrade allegedly allows users to burn tokens from other addresses.
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While Chainalysis suspected the involvement of North Korea in the Euler Finance hack, they highlighted the possibility of misdirection by other hackers.
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Since Dec. 2022, the two malicious files — MortalKombat ransomware and Laplas Clipper malware threats — have been actively scouting the Internet for stealing cryptocurrencies from unwary investors.
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