Lens
Risks in DeFi
C.R.E.A.M. Finance, a Taipei-based decentralized lending platform for individuals, institutions and protocols to access financial services, has suffered a flash loan exploit that led to a loss of about US$28 million, underlining the potential vulnerabilities of decentralized finance mechanisms. Fast facts C.R.E.A.M. tweeted on Monday that its market on Ethereum suffered an exploit, “resulting in […]
Timmy Shen
Crypto Trading and Strategies
The 20th hijack this month, after Poly Network, Solend and Liquid.
Ningwei Qin
DeFi News
The Poly Network hacking saga has finally reached a happy ending with the crypto thieves releasing the last key to the remaining funds of 28,953 Ether and 1,032 Wrapped Bitcoin tokens, worth approximately US$141 million, on Monday. According to Poly Network, the company is in the process of returning full asset control to users, although […]
Monika Ghosh
DeFi News
The hunt for hackers who stole an estimated US$97 million from the Japanese crypto exchange Liquid last week has hit some snags as the cybercriminals have been actively hiding their tracks with a crypto mixing tool as they move to transfer their loot into other wallets. Fast facts According to public blockchain information on Etherscan, […]
Lachlan Keller
DeFi News
The Poly Network hackers have returned assets worth around US$427 million, the company announced on Thursday. But hackers accused the company of “incompetency” and are refusing to give back the rest of the loot. Fast facts The hackers had transferred the stolen assets worth over US$600 million in total to mutli-signature wallets controlled by the […]
Monika Ghosh
Regulation
Money laundering token tracer developed using AMLBot application programming interface was suspended within eight hours of public exposure.
Monika Ghosh
DeFi News
Poly Network wants to hire the hacker who stole over US$600 million worth of tokens from the platform last week — as its chief security advisor, according to a tweet by the company. Fast facts In response to the job offer, the hacker posted a joke on the Ethereum blockchain that was shared in a […]
Monika Ghosh
DeFi News
The hackers claim that trust issues with the Poly Network team are slowing down the complete handover of stolen assets.
Monika Ghosh
DeFi News
Poly Network has confirmed that all its remaining stolen assets on Ethereum, worth around US$269 million, barring US$33 million worth of Tether that was frozen post-attack, have been returned to a multi-signature wallet controlled by itself and the hacker. Fast facts The hacker had returned more than 50% of the assets stolen on the Polygon […]
Monika Ghosh
Blockchain Security
Accounting and consultancy giant Accenture has become the latest major victim of a ransomware attack. After Accenture initially reported that it had repelled a hacker group named Lockbit, encrypted files belonging to Accenture began to be published today, according to a report by Decrypt. Fast facts An Accenture spokesperson said in a statement: “Through our […]
Lachlan Keller
