Crypto hacks are declining in numbers but increasing in damage
Research showed that the average dollar amount stolen in crypto hacks this years is more than double what it was in 2021.
Follow crypto hack news, exploits, bridge attacks, protocol breaches, and security lessons from major incidents across Web3.
Elliptics says the strategies employed for the Harmony exploit are consistent with the ones used for the Ronin Bridge exploit a few months ago.
The network in addition to the bounty promised to advocate for no criminal charges against the hacker. What are the chances of the recovery?
Harmony has suspended the operations of the exploited bridge and has informed the authorities about the hack.
Chainalysis response service will match crypto crime victims with a team of investigative experts to trace the funds and attempt their recovery.
The fast-paced environment crypto and specially DeFi is in has led to many mistakes by several projects. These mistakes, in turn, left them ripe for hacks to take place.
Inverse Finance said an oracle price manipulation exploit allowed a hacker to steal about $1.3 million, resulting in a loss of $5.8 million for the protocol.