Hack
Over $67M in Crypto Lost to Hacks and Exploits in February: Immunefi Report
The crypto industry saw just over $67 million lost to hacks and fraud in February across 12 incidents, according to data from Web3 bug bounty platform Immunefi. DeFi continues to be the main target for exploits, with crypto gaming platform PlayDapp losing $32 million and decentralized crypto exchange Fixedfloat losing $26 million. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."
Running With Crypto: 5 Questions With TRM Labs' Ari Redbord
TRM Labs Head of Legal and Government Affairs Ari Redbord answers five rapid fire questions from CoinDesk including the major concern in the crypto sector in 2024, his crypto hack education outlook and the runs he has been on with crypto folks.
Hacks Involving North Korea Are 'Even Greater Problem': Legal Experts
Ari Redbord, Head of Legal and Government Affairs at TRM Labs, joins "First Mover" to discuss the emerging hacks and exploits in the crypto industry in 2024. Plus, insights on the national security threat posed by hacks that involve North Korea.
Breaking Down the State of Hacking in 2024
Exploits and hacks are on the rise as the crypto industry approaches the end of the first quarter in 2024. CoinDesk's Jennifer Sanasie breaks down an Immunefi report on the state of hacking and several exploits at Orbit Chain, Gamee and CoinsPaid.
Crypto Hack Volumes Fell by More Than 50% in 2023: TRM Labs
Data from TRM Labs shows that hack volumes in crypto fell by more than 50% in 2023 when compared to the year before. While the number of attacks remained relatively stable, the firm notes that the amount of funds stolen shrunk to $1.7 billion through November 2023. CoinDesk's Jennifer Sanasie breaks down "The Chart of the Day."
Curve Crisis Reveals Cracks in Decentralized Risk Management
The $70 million hack on Curve, one of the largest decentralized crypto exchanges, revealed cracks in the DeFi promise. The hack set off a Rube Goldberg-esque series of events that pushed DeFi lending to its limits – threatening to send the price of a key DeFi asset into a downward “death spiral,” and raising critical questions about whether community-driven financial platforms are equipped to manage risk. "The Hash" panel weighs in.
Attackers Left Empty-Handed as Crypto Hacks Fell 70% in Q1 2023
Attacks on token protocols and crypto projects dropped a staggering 70% in Q1 2023 compared to the same period last year when greed and valuations ran rampant, according to a new report from security firm TRM Labs. "The Hash" panel weighs in on the drop.
Hacker Behind Euler Finance’s $200M Exploit Returns More Funds
The attacker behind Euler Finance’s $200 million exploit returned more funds to the protocols and seemed to apologize in a series of messages sent on the blockchain. “Jacob here. I don't think what I say will help me in any way but I still want to say it. I f**d up,” the attacker said in a message encoded in a transaction, as blockchain data apparently shows.
Chainalysis Examines Crypto Hacks In the Bear Market
A new Chainalysis report reveals that last year was the biggest annual period ever for crypto hacks, with roughly $3.8 billion stolen from crypto businesses. Chainalysis Director of Research Kim Grauer breaks down the findings, saying, "there are certain types of crimes are really connected to the bear market."
Hackers Moved Funds Tied to $100M Harmony Exploit Over the Weekend: Report
Pseudonymous blockchain sleuth ZachXBT said a part of the funds tied to last year’s $100 million Harmony network attack worth $63.5 million (~41,000 ETH) was moved over the weekend. North Korea’s Lazarus Group was likely behind the hack, according to an analysis by blockchain research firm Elliptic. "The Hash" panel discusses the latest in the world of crypto crime and private DeFi.
