dYdX founder claims targeted attack led to $9M insurance claim
Decentralized exchange (DEX) dYdX was forced to use its insurance fund to cover $9 million in user liquidations on Nov. 17. According to dYdX founder Antonio Juliano, the losses resulted from a "targeted attack" against the exchange. Based on reports from the dYdX team on X (formerly ...
Yearn.Finance token tumbles 43%, community speculates on exit scam
Yearn.Finance's governance token (YFI) plummeted over 43% in just five hours on Nov. 18 after rallying almost 170% early in the month, stirring fears about a possible exit scam. During the dramatic drop in value, over $300 million was wiped out in market capitalization from November's ...
CertiK Reports Over $103 Million in Cryptocurrency Stolen in April
CertiK, a cybersecurity and auditing firm, says more than $103 million was stolen from cryptocurrency projects during April as a result of hacking attacks. CertiK specialists tweeted a report on exploits, fraud and hacks on cryptocurrency platforms. Since the beginning of ...
Cyber Attacks Continue to Plague the Cryptocurrency Industry
PeckShield, a cybersecurity agency, has reported that hackers have breached the DeFi Yearn.Finance protocol and made off with $11 million worth of cryptocurrency assets. Reports earlier indicated that the Aave V1 protocol had been hacked, but Aave developers clarified that the protocol was not co ...