Hack

Hack

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)

Markets

Polymarket hack updated to $3.1 million days after the platform promised users full refunds

The prediction markets giant is under investigation in connection with false or deceptive marketing practices, according to news reports.

Eleven Polymarket user wallets targeted by hackers reported nearly $3.1 million in losses after phishing scam.(AidanHowe/Pixabay)

Finance

SecondFi loses $2.4 million in Cardano wallet exploit

SecondFi was hit by three separate attacks exploiting a flaw in its wallet generation software. A further 129 million ADA was secured by the team before attackers could reach it.

Hacker sitting in a room (Clint Patterson/Unsplash)

Markets

Aave could soar to $3,500 by 2030 on DeFi revival, says StanChart

Geoff Kendrick said Aave has moved past April's cyberattack-related market disruption and is well positioned to benefit from growth in tokenized assets and DeFi.

Stani Kulechov, Aave Labs (Olivier Acuna/CoinDesk)

Tech

Taiko halts its Ethereum layer-2 network after a bridge exploit, token dives

An attacker forged withdrawal proofs to drain about $1.7 million, the same type of flaw behind this year's biggest bridge hacks. Fast containment kept the damage small.

Hacker sitting in a room (Clint Patterson/Unsplash)

Tech

AI is making crypto security cheaper, faster and harder to ignore

As AI-powered security tools become cheaper, faster and more widely available, researchers said they could reshape what the crypto industry considers reasonable due diligence before deploying code, potentially altering expectations for developers and institutions.

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

Tech

Microsoft found malware that hijacks crypto wallets and spreads through USB sticks

The software intercepts shortcut files and directs them to install a worm that harvests private keys from the Windows clipboard and inserts its own destination wallet addresses when it detects a transfer.

A USB flash drive inserted into a laptop.

Opinion

Crypto’s security nightmare won’t be solved by ordinary audits

Without an update to the current auditing infrastructure, the crypto space will likely continue to suffer significant losses, explains Beyer.

Magnifying glass - audit

Tech

Crypto’s next billion-dollar hacker may move at superhuman speed

Anthropic’s new Claude Fable 5 puts powerful cyber tools behind safety filters. DeFi, already hit by more than $840 million in hacks this year, is one of the industries with the most to lose if the filters fail.

Montage of a padlock outline superimposed over the face of a dark, hooded figure.