Hack

Hack

Tech

Solana Foundation's new CISO warns AI is making crypto scams more convincing

Michael Coates, the foundation’s new CISO, said that AI vulnerabilities and fake identities will drive the next wave of blockchain security concerns.

Cyber crime (satheeshsankaran/Pixabay, modified by CoinDesk)

Finance

Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs

A software bug in popular hardware wallet Coldcard that led to the theft to this point of nearly 600 bitcoin worth roughly $38 million is prompting questions about security and whether managing private keys has become too risky for everyday investors.

Coldcard flaw lets attacker drain $38 million in bitcoin from old wallets. (Coinkite)

Finance

Fake staking site drains $8.5 million in XRP from dozens of investors promising easy yield

Seoul police say the amount of the scam might rise to nearly $20 million. Two alleged scammers were detained and a third remains at-large.

(Max Bender/Unsplash)

Policy

Thailand's SEC alleges Bitkub concealed cyberattack that led to $50 million hack

Bitkub was the victim of a cyberattack in May 2021, which led to hacks stealing 1.7 billion baht across 16 different digital assets.

Bangkok, Thailand (Walkerssk/Pixabay)

Tech

Balance stablecoin collapses 99% after $1 million exploit drains its bitcoin vaults

An attacker fed the lending system a fake, abnormally low bitcoin price, liquidated vaults that should have been safe, and pocketed the difference in a single transaction.

Computer coding, hacks. (Mika Baumeister/Unsplash)

Web3

Airbnb CEO says X account was hacked, attacker posted AI-slop on tokenization

Brian Chesky regained control of his account and told any new crypto followers he would be a "disappointing follow".

Airbnb website on a laptop

Finance

Ostium suffers $18 million exploit as oracle attack wave continues to hit DeFi

A hacker used Ostium's own price-reporting infrastructure against the protocol, submitting falsified future-dated oracle data to manufacture fake trading profits and trigger an $18 million payout.

A hooded figure sits typing on a laptop in a darkened (Pixabay)

Tech

How ethical hackers with just a $3,000 server found a flaw that could've put $70 billion in crypto at risk

A critical flaw in the Aptos blockchain, which was patched, gave researchers a near-90% success rate at breaking a core security guarantee, with attack costs of just hundreds of dollars.

Hacker facing screens with lines of code (Boitumelo/Unsplash)

Markets

Taiko fully restores cross-chain bridge just 10 days after a $1.7 million hack

The protocol completed a multi-stage recovery that included an independent security review. The TAIKO token has surged as much as 136% in recent trading.

Open sign (Richard Balog/Unsplash)

Tech

Private keys, not smart contracts, caused 40% of crypto's $16 billion hack losses. Here's whats being done.

The industry is moving toward fixing the private key vulnerability issue, just not evenly, Wish Wu, co-founder and CEO of Pharos, said.

(Gorodenkoff/Shutterstock)