News with the tag "DeFi hacks"

Both CertiK and PeckShield shared data showing December was the lowest month of crypto losses in 2024.

Cryptocurrency hacks in September totaled over $120 million, with centralized exchanges BingX and Indodax accounting for more than half.

A Cyvers report reveals that centralized and decentralized digital asset platforms suffered $2.114 billion in losses in the first nine months of 2024, surpassing 2023’s total. Hacks and breaches account for the majority of these losses, emphasizing the need for enhanced security measures. Centralize...

CoinGecko founder Bobby Ong explained that after Google sold its domain business to Squarespace, two-factor authentication was removed due to the forced migration of domains.

The ongoing bull run in the crypto market has brought soaring prices, fueled by regulatory breakthroughs and significant events like the Bitcoin (BTC) Halving and approval of crypto exchange-traded funds (ETFs) in the US and Hong Kong. However, alongside this positive momentum, the industry has also...

NFPrompt (NFP), a prominent player in the crypto sphere, has been hit by a significant cyber breach, throwing the digital currency community into a frenzy. As investors grapple with concerns over the security of their assets, the Federal Bureau of Investigation (FBI) has intervened to mitigate the f...

In February alone, criminals stole digital funds worth over $67 million from decentralized finance (defi) platforms. The latest Immunefi data shows that hacking attacks accounted for more than $65 million, or 97% of the month’s losses. The Ethereum blockchain suffered the most individual attacks, wi...

According to a recent report published by crypto analytics firm Chainalysis, money laundering involving crypto assets has experienced a notable decline compared to the previous year. However, the report highlights that illicit actors have started adapting their tactics to evade detection and further...

DeFi, or Decentralized Finance, represents a shift from traditional finance systems by utilizing blockchain technology. Think of it as finance without the intermediaries – no banks, no brokers, just direct transactions. Rapid growth and popularity of DeFi In recent years, DeFi has taken the financia...

In the latest security breach event, the decentralized finance (DeFi) project Onyx Protocol became a victim of flash loan exploitation and lost approximately $2.1 million worth of Ethereum (ETH) coins. As per reports, the wallet address of the Onyx protocol exploiter has a balance of 1,164 ETH, wort...