Latest News for: Blockchain hackers


Wormhole announces $10 million bug bounty payout

The Block 20 May 2022
Crypto bridge Wormhole paid out a massive $10 million to a white hat hacker who disclosed a bug in its core bridge contract on Ethereum in February ... Wormhole announced the program back in February, shortly after losing close to $323 million in ETH to a hacker, in one of the largest exploits of a DeFi protocol to date.

How a trash-talking crypto bro caused a $40 billion crash

The Times of India 19 May 2022
Charles Cascarilla, a founder of Paxos, a blockchain company that offers a competing stablecoin, cast doubt on Luna's underlying technology in an interview last year ... , a hedge fund, in February to work on a project that connected Luna's underlying blockchain to Ethereum, another crypto system.

How Gaming and Online Casino Promote the Use and Popularity of Cryptocurrency

Coin Idol 19 May 2022
The world of online gambling is growing faster every time. Statistics show that there are an estimated 1 billion online gamers around the world, with the largest numbers found in China, South Korea, and Japan ... Blockchain gambling is a solution in this case because the transactions are faster and it is very difficult to divert payments by hackers ... .

Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation

NewsBTC 18 May 2022
Blockchain data showed that the address associated with the $625 million Ronin Bridge Attack had begun transferring ether tokens valued at over $10 million ... Additionally, the funds were sent from another Ethereum wallet funded by the prominent hacker’s blockchain address ... Blockchain Data Reveals Ongoing Ether Fund Transfer.

How Blockchain is being applied to the Gaming Industry

Technology Org 17 May 2022
We call it Blockchain. Blockchain in Gaming Industry- A Boon. Mobile applications have exclusively adapted to Blockchain to shape the future of various industries ... Online hackers have no possibility of breaking into data across the server because of the Blockchain’s decentralized system and high data encryption protocols.

Will the world EVER be able to rely on cryptocurrencies? Blockchain technology behind volatile Bitcoin ...

The Daily Mail 16 May 2022
However, market volatility is just one reason we may never be able to rely on cryptocurrencies and the system that runs them, blockchain ... WHAT IS A BLOCKCHAIN AND HOW DOES IT WORK? ... However, hackers can access blockchains in certain situations, leading to irretrievable money loss.

97 Percent of Crypto Hacks in 2022 Have Targetted DeFi Projects

NDTV 16 May 2022
Chainalysis, a blockchain analytics firm, has released a new report focusing on illicit activity on blockchains, noting that DeFi protocols are a popular target for hackers and that money laundering... .

97% of Crypto Hacks Were Against DeFi Projects: Report

CryptoPotato 15 May 2022
Blockchain analyst firm Chainalysis published a new report focused on the illicit activities occurring on blockchains, noting that DeFi protocols are the most popular target hackers tend to go after and that money laundering in the space has risen in the past two years. DeFi as HackersPrimary Target.

Fortress Protocol Hacked for $3 Million, Drained of All Funds

CryptoPotato 09 May 2022
Blockchain security firm CertiK shared information about the hack with CryptoPotato on Monday. It began with the hacker using ETH to purchase a substantial amount of FTS – the governance token managing the FTS protocol ... Both the ETH required to purchase the hacker’s initial FTS, ...

UK thieves targeting phones to steal crypto

Cryptoslate 09 May 2022
The rate of these activities, which David Gerard, the author of Attack on the 50 Foot Blockchain, described as “crypto mugging,” is concerning. One of the main concerns of crypto investors is security, and with the rise of this kind of crime, it appears their funds are not only at the risk of hackers anymore.

Binance’s Recovery of Stolen Crypto Illustrates That Digital Assets Aren’t a Promised Land for Bad Actors

The Daily Hodl 07 May 2022
US authorities have tied the exploit to Lazarus – hackers out of North Korea ... moves made by the hackers ... Binance traced the stolen funds when they were moved from the hackers’ wallet to Tornado Cash – a service that allows for anonymous token transfers on the Ethereum blockchain.

Cryptocurrency service hit with sanctions

Arkansas Democrat-Gazette 07 May 2022
WASHINGTON -- The Treasury Department on Friday issued its first-ever sanctions against a cryptocurrency "mixer," a service that pools digital assets to obscure their owners, as it continues its pursuit of more than $600 million that North Korean hackers stole from the Axie Infinity video game.

Burgum touts Applied Blockchain's facility, state's energy policies

The Jamestown Sun 06 May 2022
Applied Blockchain,’s hosting facility mines Bitcoin, Ethereum and other cryptocurrency assets ... Each block is connected to those before and behind it, making it more difficult for hackers to tamper with the blockchain because the block containing the record and all other blocks linked to it would need to be changed to avoid detection.

Hackers already bagged $1.57B, more than 2021 record

Cryptopolitan 02 May 2022
However, hackers are winning in the present market condition, as blockchain security firm PeckShield recently that the value of cryptocurrencies stolen so far in 2022 has already surpassed last year’s record ... According to the blockchain security company, hackers have already stolen about $1.57 billion just four months into 2022.

DeFi Hackers Steal a Record $1.57B in the First 4 Months of 2022, Surpassing the ...

Ethereum World News 01 May 2022
$1.55 billion Beanstalk Farm’s $182 million exploit was the highest in April, followed by Fei Protocol at $80 million 2022 could end a record-breaking year in terms of digital assets lost to DeFi hackers. DeFi hackers have had an eventful first four months of 2022.

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