Loopscale, a decentralized finance (DeFi) platform, is here to change that. The white hat hacker behind the recent exploit has already reached an agreement to return the stolen funds. The settlement follows Loopscale posting a whitehat bounty for the return of 90% of the stolen assets. The total value of...
Cryptocurrency fraud costs investors billions of dollars each year, but criminals are always improving their techniques. Illegal activities often occur in areas that are prone to hazards. They frequently use higher level laundering tactics, including mixers, to mask the source of their money. Firms such as CNC Intelligence and the...
Term Finance has already recovered well over $1 million. This follows an unfortunate oracle misconfiguration that lost millions on the critical newbie maker’s Treehouse (tETH) market due to ETH troubles. The attack, which reportedly took place on Saturday, led to loss of about $1.6 million worth of ETH at origination....
The token is not related to Loopscale, a decentralized finance (DeFi) lending protocol on Solana which paused its lending markets after a $5.8 million exploit. It’s official — the platform that could change everything for cities and states today launched, after a six-month closed beta. It has already pulled in...
Loopscale, a lending market constructed on Solana, suffered a critical exploit. The hack has resulted in a loss of $5.8 million, which represents 12% of the platform’s total value locked (TVL). The exploit was aimed specifically at RateX-based collateral pricing, one element in Loopscale’s lending ecosystem.The breach happened less than...
Coinbase is attempting to combat a growing trend of social engineering scams. These scams have defrauded the Dante platform of millions of dollars, as well as its users. As recently as March, Coinbase users lost more than $46 million to these fraudulent traps. The beleaguered crypto exchange FTX is facing...
Loopscale, a decentralized finance (DeFi) protocol on Solana, lost $5.8 million to an exploit this past weekend. The exploit was detected on April 26, just a couple weeks after project’s launch on April 10. Loopscale, which is the successor to Bridgesplit, initially as NFT-based yield products.Attackers exploited a vulnerability in...
Southeast Asia has been at the world’s cutting edge of this cybercrime phenomenon, with regional cyberfraud eclipsing other types of transnational crime. Infrastructure built for customs criminal Infrastructure and stablecoins being used by regional criminal syndicates. Picture this. They are making possible global scams that steal millions from potential victims...
ClipBanker is a Clip Banking malware which secretly monitors, collects and modifies clipboard information within infected devices. This malware is a manifestation of that larger clipboard hijackers malware family. It would be a dangerous and damaging blow to the cryptocurrency community. Cybercriminals take advantage of this technique to silently replace...
More recently, Bybit, one of the world’s leading cryptocurrency exchanges, was hacked for $4 million. This single incident contributed to the loss of $1.4 billion in crypto assets. The breach exploited design flaws in the exchange’s process for transferring assets from the cold wallet. This breach is now the 2nd...
