Why DeFi should expect more hacks this year: Blockchain security execs
One reason is that “hackers have gotten smarter, gained more experience, and learned how to look for bugs,” according to the founder of a crypto auditing firm.
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DeFi security losses rose 47.4% in 2022 to hit $3.64B: Report
Over $1.40 billion worth of stolen DeFi funds was reportedly laundered via Tornado Cash during that period.
DeFi auditor nets $40,000 for identifying Uniswap vulnerability
A security firm flagged a now-fixed vulnerability to Uniswap, highlighting the potential for reentrancy attacks on the protocol’s Universal Router smart contract.
DeFi Protocol Lido Reaches $5.9B in TVL Dethroning MakerDAO
Leading decentralized lending protocol MakerDAO has lost its dominance in the DeFi market as liquid staking protocol Lido Finance claimed the top spot with the highest total value locked (TVL).…
Integrating Decentralized Cross-Chain Communication Makes Bridges ‘Substantially Safer’ — Flare Networks CEO
Although they grabbed less media attention than the collapse of centralized organizations, the so-called bridge exploit incidents in 2022 again proved that the decentralized finance (defi) ecosystem still lacks sufficiently…
DeFi Under Attack: $1.5B Stolen in Top 5 Crypto Heists of 2022: Forbes
Cryptocurrency firms struggled greatly in 2022, with multiple companies facing financial issues and bankruptcy. In addition to these challenges, over $3 billion was stolen from crypto projects this year, according…
‘Ethereum Killers’ Managed to ‘Kill’ Themselves in 2022 Rather Than Beat the Smart Contract Economy’s Heavyweight Champ
At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as ‘Ethereum killers,’ would flip the second-largest crypto asset in…
Mango Markets $110M Exploiter Arrested, Faces Charges in New York
Cryptocurrency investor Avraham Eisenberg has been arrested in Puerto Rico on charges of commodities fraud and manipulation for allegedly stealing more than $100 million from decentralized finance (DeFi) protocol Mango…
Defrost Finance Recovers Stolen Funds, Will Repay Customers
Decentralized finance protocol Defrost Finance has recovered funds from the hacker involved in the V1 flash loan exploit. In the latest blog post, Defrost said that it will soon start…
BitKeep CEO says some users’ private keys remain at risk after exploit
The blockchain executive urged users who downloaded the BitKeep 7.2.9. APK malware to transfer their assets immediately.
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