The hack on Wormhole Bridge happened around 6:24 pm UTC, with the attacker minting 120,000 wETH on Solana.
The hack prompted Crypto.com to conduct an internal audit of its systems, and according to the platform, other third-party security agencies have been contracted to also help audit its systems.
Crypto.com stopped all withdrawals on its platform in retaliation to the increasing number of stealings by the user accounts.
As per the details, the hackers managed to exploit Grim Finance’s vault contract via five reentrancy loops. Following it, Grim Finance paused all vaults immediately to prevent fund transfers to the hacker’s address.
As AscendEX lost nearly $78 million, it promises 100% compensation to all the affected users. It also promises of working with blockchain security firms and law enforcement agencies for the same.
The hacker exploited the Bitmart hot wallets hosted on Ethereum and Binance Smart Chain. It was a classic case of “transfer-out, swap, and wash”.
Days after MonoX lost $30 million to a security breach, BadgerDAO has suffered the same fate, losing over $120M in stolen assets.
Aside from the added security, Coinbase also gains a foothold in one of the world’s top tech hubs. The deal enables Coinbase to establish a research facility in Isreal.
The hackers managed to artificially boost the price of MONO tokens and then buy out all other tokens from the liquidity pools by draining the smart contracts.
The company will be adopting a new name as it planned to sell its FireEye Products business to Symphony Technology Group.
The US will work together with other nations to detect any illicit activity to make the internet a safe place for others.
Leshner revealed that the bug that happened as a result of the upgrade exposes another 2020,472.5 COMP tokens. Some developers referred to the event as the biggest ever fund loss in a smart contract incident.
Although pNetwork is already fixing the problem, the BSC DeFi platform has promised the hackers $1.5 million if they return their hack loot.
The attacker whom Delong suspected to be a Twitter user with the handle @eratos1122 notably carted away with the entire sum generated from the token sale.
According to some of the sources, there were a total of seventeen transactions and two attackers involved in the attack.