Flash Loan Attack Hits Shibarium Bridge, Draining $2.4 Million

The Shibarium bridge, which connects Shiba Inu’s layer two (L2) network to Ethereum, was targeted in a flash loan exploit that drained around $2.4 million in ether ( ETH) and the meme coin shiba inu ( SHIB) on Sept. 13, according to developer statements and several security alerts. Security Firms Join Shibarium Inquiry Following $2.4M … Read more

Crypto Hacks and Scams Cost $300 Million in August

In August, approximately $310.9 million was lost to exploits, hacks, and scams. However, digital assets worth $10.3 million were recovered, resulting in a net loss of $300.6 million. According to the security firm Certik, this is the second-highest monthly loss in 2024 so far. While May had the highest exploit total loss of just over … Read more