Hack

The post DMM Bitcoin Loses $305 Million Worth of BTC in a Hack: Here’s the Impact on BTC Prices appeared first on Coinpedia Fintech News DMM Bitcoin, a crypto exchange based in Japan, reported a significant loss of $305 million following a recent hack. The security breach led to the theft of 4,502.9 Bitcoin (BTC) from the exchange. As a result, BTC price witnessed a steep decline, currently heading toward the weekly low of $67K. Customer Bitcoin Deposits to Be…

Crypto sleuth ZachXBT has claimed that the team behind Solana-based meme coin CAT hacked crypto influencer GCR's account to manipulate token prices.  Unveiling the Attack: Exploit Details An investigation led by on-chain sleuth ZachXBT has linked the recent hack of crypto influencer GCR's account to the team behind the newly launched Solana-based meme coin, CAT. The hack, which occurred on May 26, aimed to manipulate the prices of specific tokens. According to ZachXBT, minutes before the hack, an address associated…

It’s no news that Gala Games recently suffered a security breach. Many cryptocurrency holders suggest it’s an inside job, while others speculate it’s a rogue hacker.  Nonetheless, this incident has caused Gala Games to lose $212 million due to the unauthorized selling and minting of its native token, GALA.  While this DeFi trading platform deals with this security issue, the token has experienced a significant price dump. This is unsurprising as investors joined Gala Games to maximize its profits.  However,…

The post Crypto Hack Report This Week: Analyzing Recent DeFi Hacks and Security Breaches appeared first on Coinpedia Fintech News The last week saw a bunch of high-profile cyberattacks on giant players in the cryptocurrency industry with a particular focus on DeFi platforms, crypto-hedge funds and other blockchain-based services.  Join us in this week’s crypto hack report focusing on types of attacks, their methods of implementation, and the evaluation of response actions before and after the lifecycle of those attacks.…

The post Xlink Shuts Down After $10 Million Hack on Ethereum and BNB Endpoints appeared first on Coinpedia Fintech News Xlink, a Bitcoin blockchain bridge, shut down on May 15 after suffering a $10 million hack. The security breach involved its Ethereum and BNB Smart Chain (BSC) endpoints. Xlink quickly reacted to the attack by temporarily suspending its operations. The attacker exploited compromised private keys via a phishing scheme and withdrew $4.3 million without authorization. However, a white hat soon…

The post Behind the $20 Million Sonne Finance Hack; Unveiling the Technical Details appeared first on Coinpedia Fintech News Staggeringly, a crypto attacker succeeded in the hack on Sonne Finance to conduct a heist using a very complex exploit that drained the company’s assets, bringing in about $20 million to the attacker. The attack played out for a few days, spotting carefully the backdoor of Sonne Finance’s VELO integration with the Optimism network. The Course of the Strike The exploit…

The post Crypto Hack Weekly Report: Unpacking the Major Breaches of the Week appeared first on Coinpedia Fintech News This is the weekly summary of crypto hack incidents and exploits that have affected different projects in the blockchain world. The crypto industry is still struggling with the threat of advanced attacks and security loopholes as the firms continue to improve their security protocols.  The week saw plenty of hacks ranging from exploits in smart contracts to social media compromise, Stay…

As the rise of AI in daily use increases, one specific project has made a solid position in the education sector, thanks to its custom AI that adapts to each user’s knowledge absorption profile. Paired with world-class educational aids, School Hack’s popularity is evident with more than 3 million users that depend on it on a daily basis. Adaptable Learning Experience For All School Hack has become famous for its custom teaching AI, which uses advanced features such as multiple…

The post Crypto Hack Losses Hit Lowest Point Since 2021: What’s Behind the Decline? appeared first on Coinpedia Fintech News The cryptocurrency market, particularly in April 2024, reported a vast drop in hacking, exploits and scam losses, making it the lowest figure since 2021. As reported by the  Blockchain security platform CertiK, the total losses for the past month are estimated to be approximately $25.7 million, which indicates a decrease of 141% compared to the losses of the previous month.…