August sees 215% rise in crypto phishing, $55M lost in single attack

The majority of the stolen funds are accounted for by a major phishing incident that cost an unfortunate user $55 million.

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User loses $32 million spWETH in a sophisticated phishing attack

According to crypto security firm Scam Sniffer, 9,145 users were victims of phishing attacks during August 2024, losing funds as a result.

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BingX confirms the resumption of withdrawal services following hack

Monetary losses from the BingX hack were initially reported as totaling $26 million, but the figure has since swelled to $52 million.

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Ethena domain registrar hacked, Ethena Labs warns users to stay away

The Ethena website appears to have suffered a front-end attack, and users are encouraged not to interact with the platform. 

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Crypto hackers surpass $1.2 billion stolen in 2024: Immunefi

Crypto hackers have stolen over 15.5% more in 2024 so far compared to the same period last year.

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Top 100 DeFi Hacks: Offchain attack vectors account for 57% of losses

Despite the falling number of smart contract exploits, hackers could surpass the previous year in terms of total value stolen.

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Crypto hacks down by 54.2% in June, $176M lost in a month

May was the biggest month in terms of crypto losses in 2024 so far, with nearly $385 million in net losses suffered from crypto hacks.

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Crypto hacks increase in 2024, but smart contracts not to blame

Smart contracts are no longer the biggest concern, as hackers are vying for easier targets, such as private key leaks.

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Connext, Alchemix launch cross-chain token standard to reduce bridge exploit losses

The two protocols will implement a standard for issuers to control the “canonical” minting of tokens, helping to reduce losses from unofficial bridges.

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Visa Reports Record-Breaking Cryptocurrency Thefts in 2022

Visa's biannual threat report reveals that over $3 billion was stolen in cryptocurrency thefts in 2022, with token bridges being a common target. The report also details a phishing campaign targeting crypto exchanges. (Read More)

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Euler DeFi Protocol Exploited for Nearly $200M

Euler’s attackers used the loan to temporarily trick the protocol into falsely assuming it held a low amount of eToken, a collateral token issued by Euler based on whichever token is deposited on the protocol. A separate dToken, or debt token, is also issued by Euler such that an on-chain liquidation is automatically triggered when [...]

The post Euler DeFi Protocol Exploited for Nearly $200M appeared first on Crypto Breaking News.

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Euler DeFi Protocol Exploited for Nearly $185M

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DeFi Suffers $21M in Losses from Exploits

Decentralized finance (DeFi) platforms lost at least $21 million in February due to a series of exploits including flash loan reentrancy attacks, price oracle attacks, and other hacks across seven protocols. Noteworthy incidents included the reentrancy attacks on Platypus Finance and dForce network, the price oracle attack on BonqDAO, and the smart contract exploit on Hope Finance. These incidents follow a report by Chainalysis revealing that DeFi platforms lost $3.1 billion to hacks in 2022. (Read More)

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7 DeFi protocol hacks in Feb sees $21 million in funds pilfered: DefiLlama

DeFi platforms lost over $21 million to hackers throughout February, according to data released by DeFi project aggregator DefiLlama.

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Crypto exploit losses in January see nearly 93% year-on-year decline

Around $8.8 million was lost to crypto exploits in January, a massive decline from the figures this time last year.

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$62M crypto stolen in Dec was the ‘lowest monthly figure’ in 2022: CertiK

December proved to be the month with the least crypto stolen in 2022, although there were still 23 major incidents, according to CertiK.

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Metaverse exploitation and abuse to rise in 2023: Kaspersky

Cybercriminals will flock to the Metaverse next year to prey on unsuspecting virtual world participants according to a report by cybersecurity firm Kaspersky.

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Scary stats: $3B stolen in 2022 as of ‘Hacktober,’ doubling 2021

Blockchain security firm Peckshield shared the stats on Halloween night, but also added the month saw $100 million in crypto returned.

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Barely halfway and October’s the ‘biggest month’ in crypto hacks: Chainalysis

While 2021 was the biggest year on record for crypto hacks, 2022 could “likely” beat the record “at this rate” according to Chainalysis.

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Illicit crypto usage as a percent of total usage has fallen: Report

A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline.

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