FTX Hackers Employ THORChain to Convert Stolen Ethereum into Bitcoin, Evading Detection

FTX hackers have taken a new approach, converting a substantial amount of stolen Ethereum (ETH) into Bitcoin (BTC) using THORChain, a decentralized platform. The hackers transferred 15,000 ETH, which is equivalent to approximately $24.75 million, in a strategic move to further obscure their activiti ...

Mixin Network Faces Largest Hack of 2023, Offers $20 Million Reward to Recover Stolen Funds

Coinbase International Exchange, holding a class F license from the Bermuda Monetary Authority (BMA), has announced that it has obtained additional regulatory approval to offer perpetual futures trading to non-US retail customers. Coinbase International had previously launched crypto derivatives ...

Mixin Network Suspends Services After $200 Million Hack

Mixin Network, a decentralized wallet service, has temporarily suspended deposit and withdrawal services due to a hack involving approximately $200 million in funds. The company announced this suspension on social media platform X (formerly Twitter) and stated that they are working with the blockcha ...

CoinEx Prepares to Resume Deposit and Withdrawal Services After $70 Million Hack

Cryptocurrency exchange CoinEx is preparing to reopen deposit and withdrawal services more than a week after experiencing a $70 million hack due to compromised hot wallet private keys. CoinEx previously communicated its intention to develop and implement a new wallet system to support the 211 blo ...

CoinEx Cryptocurrency Exchange Hit by $70 Million Hack – Investigation Points to North Korean Hackers

Hong Kong's cryptocurrency exchange, CoinEx, recently disclosed a security breach resulting in hackers making off with more than $70 million in tokens. CoinEx has been actively investigating the incident and is working on deploying a new wallet system to restore both user access and platform functio ...

Weekly DeFi Recap: Reimbursements, Exploits, and Optimistic Milestones

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Over two weeks after Curve Finance’s multiple pool exploits, the DeFi protocol has assured the hack victims t ...

Hackers Steal $7.5 Million in ETH from Jimbo’s Protocol in DeFi Attack

Analysts at PeckShield, a company specializing in the security of cryptocurrency projects, reported on the hack of a service for decentralized finance Jimbo's Protocol. Hackers withdrew 4,090 ETH ($7.5 million). The hack was due to a lack ...

DeFi Project Deus Finance Hacked Again, Loses Over $6 Million in DEI Tokens

DeFi Deus Finance project has another problem - this time hackers managed to find a vulnerability in DEI steblecoin smart contracts and withdrew $1.3 million in BSC network and over $5 million in Arbitrum network. The vulnerability was discovered in the burnFrom function. ...

Popular DEX Level Finance Loses Over $1M in Smart Contract Exploit

It was due to a bug in a smart contract The details of the attack are already known Popular DEX Level Finance fell victim to an exploit. A hacker found a vulnerability in a smart contract and withdrew over $1 million worth of LVL exchange token. It later converte ...

Decentralized Exchange Merlin Hacked for $1.82 Million on zkSync Solution

Hackers have successfully breached Merlin, a decentralized exchange operating on the zkSync solution, and have made off with $1.82 million worth of assets. The stolen funds were then transferred to USDC and moved from the zkSync network to the Ethereum main network. The crypto community has ap ...

Allbridge Hack Victims Begin Receiving Refunds for Stolen Funds

According to the Allbridge project team, users who were affected by the hack that occurred in early April are now receiving their funds back. The team announced that the first round of return payments was completed between April 5 and 9. For those who were not included in this first round, the ...

South Korean Cryptocurrency Exchange Gdac Hacked, Loses $14 Million

Reports indicate that Gdac, a South Korean cryptocurrency exchange, was the target of a recent cyberattack. The hackers managed to withdraw around $14 million, which accounts for 23% of the total assets that the exchange holds. The stolen funds included 61 BTC, 350.5 ETH, 10 million Wemix toke ...

Trust Wallet Adds New Feature to Convert Crypto Assets to Fiat Currency

The Trust Wallet team has just unveiled an exciting new feature for its cryptocurrency wallet application. Users can now directly convert their digital assets into fiat currency using the app. This new functionality has been made possible through the partnership between Trust Wallet and two cr ...

Hackers Steal Over Half a Million Dollars from Sentiment’s DeFi Protocol

According to data on the Ethereum blockchain, Sentiment's DeFi liquidity protocol was compromised by attackers who managed to withdraw over $500,000 worth of cryptocurrency. The Sentiment team acknowledged the "potential issue" on Twitter and took steps to limit the risk of further loss by restri ...

Allbridge Hack: Hacker Returns Majority of Stolen Funds as Reward for Discovering Vulnerability

An unidentified individual had managed to penetrate Allbridge's bridge and extracted digital assets worth $573,000. However, the perpetrator was willing to give back the majority of the funds to the initiative. The developers received 1,500 BNB (approximately $465,000) from an anonymous donor, wh ...

Uniswap Hack: Cybercriminals Steal $25.2 Million in Cryptocurrencies

A group of cyber criminals took advantage of a security flaw in the Uniswap decentralized exchange platform, managing to swipe a staggering $25.2 million worth of digital currencies. The attack was allegedly focused on the liquidity pool (LP) of the protocol. A smart contract developer going by t ...

Decentralized Crypto Exchange Safemoon Hacked for $9 Million

BNB Chain-based decentralized cryptocurrency exchange Safemoon was hacked, resulting in the withdrawal of about $9 million from its liquidity pool. , adding that he is taking immediate action to resolve the problem. According to the BscScan service, almost $9 million worth of crypto assets were w ...

General Bytes Crypto ATM Hack Results in $1.5M in Stolen Assets

General Bytes, a manufacturer of cryptocurrency ATMs, has recently reported a security breach in its cloud platform, resulting in the theft of over $1.5 million worth of users' assets. According to a statement released by the company, the hackers were able to install malware on the devices, allow ...

MyAlgo Wallet Urges Users to Withdraw Funds After $9.2 Million Hack

The creators of the MyAlgo cryptocurrency wallet on the Algorand network have urged their users to withdraw all of their funds following a possible security breach. It was reported that hackers were able to steal assets worth a staggering $9.2 million, and despite efforts to identify and eliminat ...