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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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.
The DeFi market didn't see much change in its first week of new year compared to the last week of 2022 as the price momentum remained in a similar zone.
The team did not disclose what the issue is, but stated that it "cannot be mitigated by the emergency DAO."
Over $1.40 billion worth of stolen DeFi funds was reportedly laundered via Tornado Cash during that period.
The hacker had demanded $200,000 to return the breached data back in December but warned that if their conditions are not fulfilled, they will release the data for free.
A Reddit user has warned of the potential dangers of unchecked smart contracts, advising the community to revoke approvals on a regular basis.
The last week of 2022 didn't turn out to be a good one as the industry recorded multiple exploits and an exit scam scare.
Data negates the possibility of liquidators behind the fund transfers due to the use of mixing tools and extensive planning to hide transaction paths.
The Binance CEO was less than receptive to claims of losses due to a 3Comma API key leak earlier this month; now he recommends disabling 3Comma API keys.
The recent movement of funds from Alameda wallets just days after Sam Bankman Fried was released on bail raised many eyebrows about the timing.