Hack

The post Millions Lost! Base Network Hack Exposes DeFi Security Gaps appeared first on Coinpedia Fintech News The recent breach at Grand Base, resulting in a loss of over $2 million, highlights the vulnerabilities in networks like Base. In the fast-paced world of decentralized finance (DeFi), where innovation meets risk, understanding such breaches is crucial. Grand Base, known for its ability to transfer assets across different chains, fell victim to a complex cyberattack, revealing a major flaw in the Base…

The US Federal Bureau of Investigation (FBI) reportedly issued a subpoena to obtain personal information from attendees of a Bitcoin core developer event in 2022. The move came to light through Mike Schmidt, co-founder of the Bitcoin non-profit Brink, who stated that the subpoena is related to allegations made by BTC developer and co-founder of Ocean mining pool, Luke Dashjr, regarding the theft of more than 200 BTC in a hack. Event Attendees Caught in Crossfire Schmidt revealed that he…

The post Q1 2024 Crypto Hack Overview: Trends, Losses, and Recovery Efforts appeared first on Coinpedia Fintech News The crypto market began rocky in 2024, with Q1 recording many on-chain security cases that threatened the cryptocurrency ecosystem’s integrity and stability. Various details illustrate this period’s widespread influence, outcomes, and trends. This brief comprehensive report will give a comparative overview of the hacks, a monthly breakdown, etc.  Read on! Comparative overview Comparing the figures to the same period in 2023 reveals…

A new rug pull alert sounded on Tuesday after crypto detective ZachXBT unveiled on-chain details of an alleged hack suffered by an NFT project last month. The project’s CTO announced that a response was in the works but ultimately vanished as criticism grew. Nuddies NFT, A Hack Or Rug Pull? On-chain sleuth ZachXBT revealed the alleged misuse of funds by the CTO of NFT project Nuddies NFT.  In a now-deleted post, its CTO Kyle explained that the project was “derugged…

On April 3, 2024, ZachXBT revealed that Kyle raised alarm bells in his Discord server, claiming his wallets had fallen victim to a hack. The prominent blockchain investigator’s findings instead strongly suggested a deliberate transfer of funds rather than an external hack. Kyle Accused of Faking Hack While investigating an alleged hack involving a “social gamer,” Kyle, and a less-known NFT project called ‘NuddiesNFT,’ ZachXBT found a disturbing narrative of lies and deception. However, the popular on-chain sleuth uncovered a…

One of the top crypto games, Super Sushi Samurai (SSS), was recently targeted by a hacker who managed to pilfer over $4.6 million in tokens from the network. Super Sushi Samurai is built on Blast, a layer-2 network.  The hack led to a significant decline in the value of SS, and it dropped by more than 99% according to the blockchain security firm CertiK. The liquidity pool used for decentralized finance services on the ecosystem was drained by the hacker…

Mango Markets – a Solana-based trading platform – suffered a $117 million DeFi hack on Friday due to a price manipulation exploit. The blockchain security firm, Certik, has broken down how the hack was executed.  According to a brief provided by the company, the attacker manipulated the price of MNGO – the platform’s native token and collateral asset. First, the attacker funded one of his accounts with about 5 million USDC. Those funds helped him sell 488,302,109  MNGO worth of…

Bankrupt crypto-lender Celsius sent an email to customers on Thursday revealing that their emails were leaked in a data breach. The company claimed this doesn’t present any high risk to their clients, but informed them as a matter of communication. In the email ZeroHedge shared, Celsius said that it was informed of the leak by Customer.io. The company serves as Celsius’ vendor and functions as an automated messaging platform for sending data-driven marketing emails.  The vendor said that one of…

Crypto financial services company BlockchainCom revealed on Tuesday that clients’ emails were compromised in a data breach on July 20th. Though customers’ funds weren’t affected, they may have been targeted with fraudulent emails from people posing as the exchange.  Beware of Scam Emails, Warns BlockchainCom In an email shared with affected clients, the firm explained that BlockchainCom’s internal systems were not impacted. Rather, the initial data breach occurred against the exchange’s third-party vendor SendGrid. BlockchainCom was notified just a day…