Follow crypto hack news, exploits, bridge attacks, protocol breaches, and security lessons from major incidents across Web3.
There was a 58% decrease in hack-related losses in Web3 protocols during Q2 2023, but a surge in exit scams was also observed.
Several blockchain security firms have estimated that the protocol lost over $5 million in crypto assets.
The multi-chain ecosystem has prodded criminals to look beyond Bitcoin to launder their illicit crypto.
CertiK said that $11M remains in an exploit address following a $496,000 transfer.
Atomic wallet said that the exact cause of the hack remains unconfirmed. The firm is working with exchanges to seize the stolen funds.
More than a quarter of the project's supply was stolen days after launch.
Cyber criminals are using mining pools as mixers to launder illicit funds, making it look like their tainted funds are mining proceeds.
FPG said it is working with law enforcement agencies and Chainalysis to recover the stolen assets.
Hashflow endorsed the white hat's recovery contract in instructions to users.
