The DeFi ecosystem lost $1.22 billion dollars to hackers in the first three months of 2022 – a massive sum that threatens the sector’s very existence. Decentralized Finance protocols are harder to run than they look. There are multiple points of failure for platforms including smart contract exploits, flash loan attacks, and rug pulls by […]
Security – The Giant Problem DeFi Doesn’t Want To Talk About Read More »
Trezo says its users are being targeted in phishing attacks after Trezor user’s data stored on Mailchimp servers was recently hacked. Updated April 17th. In an incident that highlights the risks of crypto companies relying on the security of third parties, Czech Republic-based Satoshi Labs is warning its users to never reveal their seed phrases
Trezor Warns: Users Targeted After Mailchimp Hack Read More »
The bZx / Fulcrum team has hired crypto lawyer Jason Gottlieb as it continues its pursuit of lost funds – and has begun voting on its proposed compensation plan DeFi protocols have borne the brunt of several recent attacks and security breaches, causing investor losses running into the millions. The bZx Phishing Attack On November
bZx / Fulcrum Phishing Attack Update Read More »
Bug bounties and contract audits are providing ineffective platform security as Cream Finance is forced to offer a 10% reward to the attacker who exploited its smart contract and stole $130 million worth of tokens. In the October 27th exploit of a ‘Flash Loan’ against Taiwan based Cream Finance, the company says an attacker flash
Cream Finance Hacked Again for $130 Million Read More »
San Francisco based DeFi platform Compound has revealed around $62 million worth of its COMP tokens have not been returned after a flawed smart contract update on September 29th allowed many users to help themselves to the platform’s native token. The bug in the Comptroller contract was introduced on September 29th when the Proposal 62
Compound Contract Bug – $62 M of Comp Still Missing Read More »
New York based crypto finance company Gemini has purchased Shard-x, with the goal of integrating Shard-x’s multiparty computation technology (MPC) into Gemini’s security processes. MPC technology is a crypto protocol that shares a computation between a number of different parties. In the case of the private key for a crypto hardware wallet, for example, MPC
Gemini Buys Crypto Security Startup Shard-x Read More »
