Latest news about Hack

The problem, known as 'Milk Sad,' came to light in late July thanks to the findings of cybersecurity company Distrust.

The duo was instructed to surrender the profits obtained from their alleged laundering of approximately 120,000 bitcoins stolen from the hacked cryptocurrency exchange.

BlockSec, a security firm, stated that the primary factor behind the attack was price manipulation resulting from the utilization of 'read-only reentrancy.'

Attackers who launched malicious token issuances on PolyNetwork are unlikely to reap significant financial gains, despite an estimated value of $4 billion. This is mainly because of the low liquidity and stringent security measures in place.

The cunning online scammer known as the 'Twitter hacker' illicitly amassed close to $1 million from unsuspecting victims through his intricate schemes.

Within days of its launch, Version 2 of Jimbos protocol suffered a devastating attack over the weekend, resulting in a staggering loss of $7.3 million.

Unciphered, a renowned cybersecurity firm specializing in the retrieval of misplaced cryptocurrencies, claims to have discovered a method to physically breach the security of the Trezor T hardware wallet. Trezor has acknowledged the existence of a comparable attack vector several years ago.

The perpetrator will keep 20% of the embezzled funds as a reward for uncovering the security vulnerability.

On early Sunday, developers requested users to revoke contracts as a security measure.

According to a blog post from blockchain analysis firm Chainalysis that came out on Tuesday, cryptocurrency hacks caused losses of $1.9 billion in the first seven months of the year. This was caused by a rise in funds stolen from decentralized finance (DeFi) protocols.