exploit

A serious vulnerability has drained $2.15 million worth of MBU tokens from Mobius Token smart contracts on the BNB Chain. The attacker deployed the contract from address 0xb32a53... at 07:31:38 UTC and initiated the exploit at 07:33:56 UTC. The malicious smart contract drained 28.5 million MBU tokens and exchanged the...

On March 18, Voltage Finance, a decentralized finance (DeFi) platform, suffered the second exploit. This event resulted in an incredible loss of $322,000. This incident comes after an exploit in March of 2022, when the platform was drained of $4.67 million. The attacker from the original exploit has funneled nearly...

FREE ALEX BLOCK Alexander Gurevich, aka “Block,” was arrested earlier this month at Israel’s Ben-Gurion Airport. This is a major turn of events in the still-unfolding tale of the $190 million Nomad Bridge hack. This prosecution highlights the evolving security of cryptocurrency networks and the obstacles to prosecuting cybercrimes across...

Loopscale, a decentralized finance (DeFi) platform, has managed to recover around $2.8 million after being exploited in a major exploit over the weekend. Negotiations with the exploiter, who stole $6 million in assets from Loopscale’s multi-chain vaults on April 26, preceded this recovery. This incident is illustrative of an alarming...

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...

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...

The decentralized finance (DeFi) space is rapidly expanding, providing exciting new financial opportunities while bringing with them new security risks. In July, Loopscale, a lending platform, was recently targeted in an undisclosed attack. As a consequence, they lost an estimated $5.8 million worth of assets. This unfortunate incident serves to...

KiloEx, a decentralized finance (DeFi) platform, released details of a massive compensation scheme. We welcome this plan and its efforts to protect users affected by the recent security breach. The platform is focused on reimbursing the users who lost money in the exploit. Simultaneously, it is putting into place extensive...

On April 24, KiloEx, a decentralized finance (DeFi) platform, made a public statement that it would reimburse traders and stakers. This decision follows a $7.5 million exploit that prompted the platform to briefly go offline earlier in April. Bonus rewards for Stakers Along with giving full refunds to traders, the...