Zabu Finance Suffers First Big Exploit in Avalanche Defi, Loses $3.2 Million

zabuZabu Finance, a decentralized yield farming protocol on Avalanche, suffered the first big hack related to the chain. The protocol was the victim of an exploit that allowed an attacker to steal $3.2 million in tokens, according to reports. The core of the exploit happened due to a vulnerability in the design of the Spore […]

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Scammers Offer Free Bitcoin on Hacked Government Site in Russia as Crypto Fraud Surges

Scammers Offer Free Bitcoin on Hacked Government Site in Russia as Crypto Fraud SurgesUnknown scammers have organized a fake bitcoin giveaway through a Russian government website they hacked. The news of the attack comes after a recent report revealed that damages from crypto-related fraud in Russia have reached $30 million in value in the first half of this year. Regional Government Website in Russia Hacked by Scammers The […]

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Defi Platform Cream Finance Hacked, $29 Million Lost

CreamCream finance, a defi borrowing and lending protocol, has been the victim of a hack that erased more than $29 million from its vaults. The attacker took advantage of a loophole in the implementation for adding the amp token to the protocol. This is the second time the platform has been involved in a hack. […]

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Crypto Exchange Liquid Hacked, Loses Millions in Various Currencies

Crypto Exchange Liquid Hacked, Loses Millions in Various CurrenciesJapanese cryptocurrency exchange Liquid is suspending deposits and withdrawals after a security breach resulting in the loss of around an estimated $80 million in digital assets. The platform published the suspected hacker’s addresses and said it’s moving funds to cold storage. Hacker Hits Japanese Crypto Exchange Liquid Asian cryptocurrency exchange Liquid Global has confirmed it […]

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Poly Network Hacked for More Than $600 Million — Hacker Trolls Project Saying ‘It Could Have Been a Billion’

Poly Network Hacked for More Than $600 Million — Hacker Trolls Project Saying 'It Could Have Been a Billion'On August 10, the decentralized finance (defi) project Poly Network suffered a loss of over $600 million according to various reports. The hack follows a recent Ciphertrace report on how defi-related hacks and fraud in 2021 have already surpassed 2020. The Poly Network hack on Tuesday is well above the entire year’s worth of defi […]

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