FTX to give a ‘one-time’ $6M compensation to phishing victims
FTX founder Sam Bankman-Fried said the exchange won’t be “making a habit of compensating” users that are “phished by fake versions of other companies.”
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Gate.io users at risk as scammers fake giveaway on hacked Twitter account
The fake website is actively promoting a fake giveaway of 500,000 USDT while asking users to connect their wallets (such as MetaMask) to claim the rewards.
Unsung hero saves DeFi protocol from potential exploit: Finance Redefined
Analytical data reveals that DeFi’s total value registered another dip, with the total value locked (TVL) falling below $50 billion at the time of writing.
Crypto hacks are set to hit all-time highs in 2022, analyst explains
Kim Grauer, Director of Research at Chainalysis, explains why the amount of crypto stolen in hacks is surging and what could be done to invert this dangerous trend.
BNB Chain responds with next steps for cross-chain security after network exploit
The BNB Chain team released its official statement on Oct. 7 regarding the hack and stolen funds, and a second statement on Oct. 11 on network decentralization.
Crypto Hackers Gross Over $3 Billion From 125 Hacks so Far This Year
Data from blockchain analytics firm Chainalysis shows that October is “the biggest month in the biggest year ever for hacking activity.” The firm added that crypto hackers have grossed over…
Mango Market’s DAO forum set to approve $47M settlement with hacker
Over 98% of voting tokens favor the deal, which also stipulates that Mango Markets won't pursue criminal charges.
Transit Swap ‘hacker’ returns lion’s share of $23M in stolen funds: Finance Redefined
Majority of the DeFi tokens in Top-100 traded in red barring a few, thanks to the weekend rout in the market correction towards the end of the week.
Transit Swap loses over $21M due to internal bug hack, issues apology
“We are deeply sorry,” stated Transit Swap while revealing that a bug in the code allowed a hacker to make away with an estimated $21 million.
MEVbots backdoor drains users’ Ethereum funds via arbitrage trading bot
An investigation of MEVbots’ contract revealed a backdoor that allows the creators to drain Ether from its users' wallets.
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