Tag: Hack

Mango Markets – a Solana-based trading platform – suffered a $117 million DeFi hack on Friday due to a price manipulation exploit. The blockchain security firm, Certik, has broken down how the hack was executed.  According to a brief provided by the company, the attacker manipulated the price of MNGO – the platform’s native token and collateral asset. First, the attacker funded one of his accounts with about 5 million USDC. Those funds helped him sell 488,302,109  MNGO worth of…

Bankrupt crypto-lender Celsius sent an email to customers on Thursday revealing that their emails were leaked in a data breach. The company claimed this doesn’t present any high risk to their clients, but informed them as a matter of communication. In the email ZeroHedge shared, Celsius said that it was informed of the leak by Customer.io. The company serves as Celsius’ vendor and functions as an automated messaging platform for sending data-driven marketing emails.  The vendor said that one of…

Crypto financial services company BlockchainCom revealed on Tuesday that clients’ emails were compromised in a data breach on July 20th. Though customers’ funds weren’t affected, they may have been targeted with fraudulent emails from people posing as the exchange.  Beware of Scam Emails, Warns BlockchainCom In an email shared with affected clients, the firm explained that BlockchainCom’s internal systems were not impacted. Rather, the initial data breach occurred against the exchange’s third-party vendor SendGrid. BlockchainCom was notified just a day…

A crypto exchange Crypto.com confirmed that hackers stole nearly $34 million during Monday's hack. In a Tuesday update, the exchange revealed that hackers stole 443.93 bitcoin ($18.7 million), 4835.25 ether ($15.2 million) and approximately $66,200 in USD. The company faced criticism over its communication after the incident. The company's CEO only confirmed the hack on Wednesday, three days after it took place. In total, the hack affected 483 users. However, Crypto.com said that they fully reimbursed all of them. The…

The Multichain hack has cost users $3 million so far. However, one victim managed to get back most of their money - by talking to the hacker directly. A "white hat" hacker returned about 800k in Ether to a hacking victim. However, the hacker kept $150,000 as a "tip" for keeping the funds safe. The CTO of crypto wallet ZenGo Tal Beery highlighted the conversation between the hacker and his victim on the blockchain. The hacker presented himself as a…

Cream Finance is currently working on a refund process after hackers made away with $18 million. The DeFi protocol aims at compensating investors using 20% of its transaction fees. Cream also plans to clear the debt with Flexa Digital Payment and several AMP participants. How Did it Happen? On August 30, 2021, Peckshield discovered an exploit taking place at Cream Finance. According to the blockchain firm, the hack was successful because of a bug on the $AMP token. The hacker…

On Tuesday 10th August 2021, cross-chain Defi platform Poly network got hacked, with the alleged attackers draining more than $600 million on BinanceChain, Ethereum, and OxPolygon. This is the largest DeFi hack to date. According to Igor Igamberdiev, the leading cause of the attack is attributed to a cryptographic issue – although this is not usually the case. It can be likened to the Anyswap exploit, which led to $7.9 million's theft due to the hacker reversing the private key.…

On 27th September, a twitter account named under the Breach reported that the Kucoin hacker just started laundering his $ 150 million. The tweet said that the hacker started swapping his $OCEAN for Ethereum through Uniswap, pulling the token’s price down by around 4%, in less than an hour. In response to @Under the Breach, another twitter user named Larry Cermak corrected the information given. Cermak pointed out that the hacker is yet to begin laundering his $ 150 million…

A remarkable software flaw in the Decentralized exchange (DEX) Bisq allowed a hacker to steal cryptocurrency worth over $250k from users. The exchange promptly stopped trading yesterday night upon discovering the critical security risk. Bisq hasn't mentioned the specific flaw and is yet to ascertain the safety of users’ funds. The exchange phrases the action taking with regards to the theft as unprecedented. The exchange states that the hacker made away with 3 Bitcoins and 4,000 Monero (XMR) from 7…