The fake $OPENAI token tweet remained active for about an hour.
After losing $7.5 million in JIMBO tokens on Sunday, the team at Jimbo Protocol has offered the hacker to keep 10% funds and return the rest 90%. They have warned of approaching law enforcement in the case the funds are not returned.
The incident comes barely three days after Jimbos Protocol launched its version 2.
KuCoin has assured all the impacted users that it would reimburse them the amount lost while also pledging additional security measures.
The hacker was able to withdraw more tokens than were initially deposited.
The MetaPoint exploit once again casts doubt on the fortification of blockchain technology after the platform lost more than 2,500 BNB.
The GDAC hot wallet hack occurred on April 9 when the perpetrator transferred the asset to unidentified crypto addresses.
While noting it had made efforts to secure the protocol, the Terraport team said it is still investigating the breach.
The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets.
Tech giant Microsoft says its Security Copilot AI initiative will be of immense value to cybersecurity experts.
Over the last week, the attacker of Euler Finance has released a total of $138 million which is 70% of the total amount stolen from the Euler Finance protocol.
Euler says the hacker must return 90% of the funds that were stolen within 24 hours or face legal consequences.
DeFi protocol Platypus outlined a plan in its recent compensation portal to reimburse users up to 78% of main pool funds.
With the whole event surrounding the Platypus protocol, the core team has said the hack did not prevent the daily activities of the platform.
DeFi protocol Platypus is in talks with Aave and stablecoin issuer Tether in order to recover the funds stolen from last week’s exploit.