What a way to start the week. This morning, Mixin Network announced a loss of $200M. The project claims to be “decentralised”, but has blamed the losses on a hacked third-party database. Where's the accountability?
Phishing is a year-round sport. But crypto is providing especially bountiful waters lately. You’d have thought those of us still around would know better by now… What lurks in the murky depths?
Another exchange drained, is Lazarus going for a September hat-trick? Remitano's hot wallets were hit for $2.7M, yesterday. But quickly frozen USDT ensured profits were vastly reduced. Are we… learning?
rekt across thirteen chains. Is that a new record? CoinEx has become the latest crypto custodian to have its hot wallets emptied, losing an eventual total of $54.3M. How long until the next CEX is hit?
Privacy is dying, but all hope is not lost. The tug of war between crypto-enabled privacy and regulatory oversight has been on-going for years. Are Privacy Pools the answer?
They say the house always wins. Not in crypto. On-chain casino Stake lost over $41M from its hot wallets today. But why the delay, and omissions, in official comms?
Balancer has had a bit of a wobble. First came a warning. Then, last Sunday, the AMM (along with ‘official partner’ Beethoven X) lost $2.1M from v2 Boosted pools.
L2s have been going through something of a rekt-naissance lately. Exactly Protocol got hit for $7.2M by an exploit which drained users' collateral. Will Exactly ever financially recover from this?
The Shibarium devs are in the doghouse. A botched launch of Shiba Inu’s ETH L2 sees a total of $2.6M of user funds stuck in a faulty bridge. Memecoins are evolving... but why?
RocketSwap has lost $869k to compromised private keys, allegedly stolen in a bruteforce attack on the project’s server. We are very sorry for your loss.
The Curve ecosystem can't catch a break... Yesterday, Zunami Protocol lost $2.1M to a price manipulation attack. Keeping DeFi safe is a constant game of cat-and-mouse, one that can’t always be won.
Steady lads. Steadefi lost $1.14M to a compromised deployer address on Monday. The attacker drained lending contracts after transferring their ownership. Phishing or an inside job?