Security
Inside the 'fake police raid' that forced a $1M Bitcoin transfer
A fake police raid enabled a $1 million Bitcoin robbery, exposing the rise of wrench attacks and the shift from digital hacks to physical crypto threats.
Security
Security
North Korea’s crypto heist playbook is expanding and DeFi keeps getting hit
North Korean state-sponsored hackers have significantly expanded their cryptocurrency theft operations, with decentralized finance (DeFi) protocols becoming increasingly frequent targets. According to recent cybersecurity analysis, the regime's hacking groups have refined their techniques to exploit vulnerabilities in DeFi smart contracts and cross-chain bridges, marking a notable evolution from
Security
Web3 hosting backbone Vercel confirms breach as supposed hacker demands $2 million ransom
Many crypto and Web3 projects deploy frontends on Vercel, raising the risk that secrets stored as non-sensitive environment variables may now be exposed.
Security
Aave records $6 billion TVL drop as Kelp hack exposes structural risk at DeFi lender
Decentralized finance protocol Aave experienced a massive $6 billion drop in total value locked (TVL) following a security breach at liquid staking platform Kelp. The incident exposed underlying structural vulnerabilities within the leading DeFi lending protocol, triggering widespread user withdrawals and highlighting interconnected risks across the DeFi ecosystem. The Kelp
Security
Kelp DAO’s rsETH bridge apparently exploited for roughly $292 million in LayerZero-based attack
Kelp's emergency pauser multisig froze the protocol's core contracts roughly 46 minutes after the successful drain, blocking two follow-up attempts.
Security
How a quantum computer can be used to actually steal your bitcoin in '9 minutes'
A new analysis reveals that sufficiently powerful quantum computers could potentially compromise Bitcoin's security infrastructure in as little as nine minutes, according to a technical report examining the cryptocurrency's vulnerability to quantum attacks. The research demonstrates how quantum computing's advanced computational capabilities could theoretically
Security
Rhea Finance post-mortem puts exploit losses at $18.4 million, more than double initial estimates
Using what the team described as a "deliberately constructed swap route," the attacker opened a large number of margin trading positions.
Security
Polkadot-Ethereum Bridge Hack Losses Were 10x Worse Than Reported, Team Admits
Just days after the decentralized finance (DeFi) space breathed a collective sigh of relief over what appeared to be a “failed” mega-hack, the grim reality has set in. The team behind Hyperbridge, the cross-chain protocol facilitating the Polkadot-Ethereum bridge, has confessed that the financial da
Security
Stablecoin issuer Circle faces lawsuit over $230M Drift Protocol hack
Circle was accused of aiding and abetting the conversion of the stolen funds and negligence after it did not freeze funds stolen from the Drift Protocol in April.
Security
Ethereum Foundation Helps Expose North Korean Workers That Infiltrated Crypto Firms
The Ethereum Foundation reported that a six-month program helped expose around 100 DPRK IT workers across 53 crypto projects.
Security
Russia-linked Grinex exchange suspends operations after $15 million hack, blames ‘hostile states’
Liquidity and users of the sanctioned Garantex exchange have flowed into Grinex over the past year, Elliptic claims.
Security
Tether announces $150M recovery program for Drift Protocol
The Drift Protocol will use the $150 million to relaunch and restore user funds following a $280 million exploit earlier in April.