hack

We in DeFi like to finger-wag, we like to congratulate ourselves on immutable smart contracts and decentralized governance. We sweat the details down to the last line of code. With every audit, we are made increasingly sure that the decisive security battle is not lost nor won in that place....

The world of decentralized finance (DeFi) is extremely attractive, but it’s extremely risky. Earlier this month, a complex exploit siphoned off over $1 million in Mobius Token on the BNB Chain. This attack caused a crippling $2.1 million loss. MetaBlock X is back to break down the incident in depth....

$2.15 million. Vanished. Gone. Poof. That’s the total Mobius Token ($MBU) investors found themselves missing out on on the morning of May 11th. Another day, another DeFi disaster, right? Wrong. This isn’t simply the cost of a poorly coded smart contract or a mastermind hacker. This system is already stacked...

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...

DeFi. The Wild West of finance. We’re sold liberation, democratization and a future without the burden of centralized governance. What happens when the sheriff is a co-conspirator — when the sheriff is AWOL, or asleep at the wheel? What about when the pirates come rolling into town and abscond with...

Let’s face it, we’ve all heard headlines that promise the world with huge returns in DeFi. Attraction of Decentralized Finance, the Wild West of crypto, calls with its sirens of financial autonomy, transparency, and innovation. But behind the jargon and the hype lies a harsh reality: people are getting hurt....

$92 million gone. Just like that. Another DeFi hack, another sensational headline, another tide of dread rolling across the crypto market. Immunefi's report paints a stark picture: a 124% surge in DeFi exploits in April alone, with losses already eclipsing all of 2024. We’re not discussing monopoly money here, but...

The rapidly changing landscape of Decentralized Finance (DeFi) represents a thrilling new frontier in financial technology and innovation. This emerging and rapidly expansive technology landscape creates great security challenges. In fact, a record DeFi hack just took place last week, causing an eye-popping $92 million dollar loss. This incident underscores...

The news cycle moves fast. One minute, DeFi is the future. The one after, headlines shout about yet another multi-million dollar breach. This time it's $92 million. And the question that keeps bubbling up, the one nobody wants to answer directly, is this: Is DeFi fundamentally broken?It would be tempting...

Another week, another multi-million dollar DeFi hack. This time, $92 million disappeared without a trace, leaving investors stunned and the industry itself doubting the core tenets it was built upon. Those losses in 2025 already outstrip the entirety of 2024. Are we simply going to let crypto die on the...