Bybit Exchange Hack: The Biggest Crypto Hack in History
Bybit suffers the biggest crypto hack in history! Discover how it happened, the losses involved, and what it means for the future of crypto security.
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Chainalysis: October is Now the Leading Month in the ‘Biggest Year Ever’ for Crypto Hacks
While the crypto sector has always had issues with software exploits, which comes with the territory when using nascent technology, the last couple of weeks have been out of the norm.
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BNB Chain Executes Hard Fork Ahead of $574 Million Quarterly BNB Burn
Key takeaways: Following last week’s $100 million hack, BNB Chain has undergone the Moran hard fork The upgrade patches vulnerability in the BSC Token Hub, which was used by the attacker In related news, the 21st BNB burn took place today, forever removing $574 million worth of BNB from circulation “Moran” hard fork goes live…
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Binance Smart Chain Was Momentarily Halted Following $560 Million Hack
A blockchain bridge connecting BNB Smart Chain and BNB Beacon Chain was exploited for 2 million BNB (roughly $560 million at current market rates) worth of digital assets.
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$100 Million Worth of Altcoins Stolen in Harmony’s Horizon Bridge Attack
Harmony Protocol’s Horizon Bridge was hacked on Thursday, leading to a loss of $100 million worth of Wrapped Ether (wETH), Frax (FRAX), Sushi (SUSHI), and several other altcoins, including Binance USD (BUSD) and USD Coin (USDC) stablecoins. The Harmony team shared the unfortunate news on Twitter.
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Wintermute Hacker Returns 17 Million OP Tokens
Yesterday, we wrote about a recent exploit that saw an anonymous attacker gain access to a blockchain address with 20 million OP tokens (worth $35 million at the time of the hack). Today, 17 million of those tokens were returned to the Optimism contract address.
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Optimism Sent 20M OP Tokens to Unsynced Address, Resulting in $35M Loss
Ahead of the OP token launch, Ethereum Layer 2 scaling solution tried sending 20 million OP tokens to a leading crypto market maker Wintermute as a loan. Unfortunately, there was a problem with the transactions as the funds were sent to an unsynced Ethereum address, which means that the wallet’s balance couldn’t be confirmed by network validators.
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$205M in ETH Stolen in the Ronin Bridge Hack Has Already Been Moved
In late March, the Ronin Network was exploited for more than $600 million worth of Ethereum in what was the largest DeFi attack to date. At the time, the team behind the Ethereum-linked sidechain of the popular crypto game Axie Infinity stated that the attacker gained access to the majority of validators nodes and was able to sign transactions, and made away with 173,600 ETH and 25.5M USDC.
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Blockchain Security Firm CertiK Doubles its Valuation to $2 Billion
CertiK, a New York-headquartered blockchain security firm announced on Thursday it had raised $88 million in a Series B3 funding round from prominent investors, including Goldman Sachs, Insight Partners, and Advent International, to name a few.
