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Holograph Begins Process to Remove 1 Billion Illegally Minted Tokens, Burns 53 Million HLG

The recently hacked tokenization platform, Holograph, has unveiled a token-burning process to eliminate one billion illegally minted HLG tokens. The Holograph team stated that this process, which has resulted in…

Continue ReadingHolograph Begins Process to Remove 1 Billion Illegally Minted Tokens, Burns 53 Million HLG

Attackers Steal $1.6 Million in Digital Assets From Defi Protocol Pike Finance

Unknown attackers recently siphoned digital assets valued at just under $1.6 million from the decentralized finance protocol, Pike Finance. The protocol announced it is offering a 20% reward for the…

Continue ReadingAttackers Steal $1.6 Million in Digital Assets From Defi Protocol Pike Finance

Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance

Arbitrum-based lending platform Lodestar Finance was exploited on Dec. 10, 2022, according to a tweet from the project’s Twitter account on Saturday. Community reports detail that Lodestar lost roughly $6.9…

Continue ReadingHacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance

Cross-Chain Bridge Nomad Loses $190 Million Making It 2022’s Third-Largest Crypto Heist

On Monday, the cross-chain token bridge Nomad was attacked and hackers managed to siphon $190 million from the protocol, draining a great majority of the funds. The Nomad cross-chain bridge…

Continue ReadingCross-Chain Bridge Nomad Loses $190 Million Making It 2022’s Third-Largest Crypto Heist