Hack
80% of Tokens Suffer Losses for at Least 6 Months After a Hack: Immunefi
According to Immunefi, 80% of token prices suffer negative price impact for at least 6 months after a hack. In its latest report, the team reviewed a sample of 176 hacking incidents between 2021 and 2023 and discovered that the market impact of a hack persists and intensifies over time, continuing for at least 6 months after the incident. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Crypto Hacks Totaled $19B Since 2011: Crystal Intelligence
According to a new report from Crystal Intelligence, almost $19 billion worth of cryptocurrency has been stolen in thefts over the past 13 years. The report notes 785 incidents of crypto theft comprising 220 security breaches, 345 DeFi hacks and 220 fraud schemes. CoinDesk's Michele Musso presents "The Chart of the Day."
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.
