A week filled with exploits and uncertainty for DeFi: Finance Redefined
DeFi saw another multimillion-dollar rug pull this past week, and the Multichain saga continues to spiral out of control.
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Attacker hijacks Tornado Cash governance via malicious proposal
The total control over Tornado Cash governance allows the attacker to withdraw all of the locked votes, drain all of the tokens in the governance contract and brick the router.
US Justice Department on the hunt for DeFi hackers and thieves: Finance Redefined
The total value locked in DeFi protocols fell below $50 billion after nearly a month of bullish price action.
Paraspace NFT protocol ‘usurper’ resigns after failing to overthrow CEO
The Paraspace CEO and consultants accused each other of mismanaging funds with the Paraspace team asking the CEO to step down publically.
LayerZero partners with Immunefi to launch $15M bug bounty
The program offers a maximum reward of $15 million for anyone who identifies vulnerabilities classified as high severity.
Japan leads world in losses from North Korean crypto hacking with 30% of total: Report
An Elliptic report commissioned by Nikkei says Asian countries account for over 60% of losses to North Korean hacker and ransomware users; lax security played a role.
DEUS Finance loses $6M following stablecoin hack
The attacker targeted both the BNB Smart Chain and the Arbitrum network. CoinMarketCap data shows that DEI price dropped 30% following the security incident.
Liquid staking solutions now have more TVL than DEXs: Finance Redefined
April was a month of hacks, exploits and rug pulls, resulting in over $100 million in net losses across DeFi platforms.
YouTube helps recover hacked channel that attempted XRP crypto scams
YouTube’s swift intervention ensured damage control by preventing XRP hackers from interacting with the channel’s subscribers.
CertiK, zkSync to launch compensation plan for $2M Merlin DEX exploit
The Web3 security firm urges the rogue developer to return 80% of the stolen funds and offers 20% as a white hat bounty.
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