hack

KiloEx Hack: Compensation Plan, Token Recovery, & What's Next

KiloEx Hack: Compensation Plan, Token Recovery, & What's Next

Greetings from MetaBlock X — your cutting-edge in the crypto frontier. MetaBlockX.com provides you with accuracy-focused price predictions and live Bitcoin updates. Armed with intelligent staking perspectives and fundamental security best practices, you’re ready to seize opportunities in the digital asset environment. This article today explores this recent KiloEx hack....
KiloEx Hack: A Win For Users, But DeFi's Trust Problem Remains

KiloEx Hack: A Win For Users, But DeFi's Trust Problem Remains

After all, DeFi is touted as the future of finance, or so they say. Transparent, decentralized, and accessible to all. Let’s face it, sometimes it feels like the Wild West. Rather than newfangled stagecoach robberies a la 1890s, we’re talking about $7.5 million scams. The recent KiloEx hack, while ultimately...
KiloEx Hack: $7.5M Recovered & Users Compensated – What Happened?

KiloEx Hack: $7.5M Recovered & Users Compensated – What Happened?

The rapidly changing decentralized finance (DeFi) landscape provides dynamic new opportunities, but has created severe new security hazards. Just last week, KiloEx, a major DeFi platform, suffered a $7.5 million exploit that forced it to cease operations for a short period of time. This unfortunate event reflects the crypto sector’s...
KiloEx Hack Proves DeFi's Achilles Heel Is Centralization Theater

KiloEx Hack Proves DeFi's Achilles Heel Is Centralization Theater

It's more than just another DeFi headline. It's a flashing neon sign pointing directly at the elephant in the (decentralized) room – the centralization theater that plagues so much of the DeFi landscape. Sure, we hear the buzzwords: "decentralized," "trustless," "permissionless." But scratch the surface, and you’re frequently left with...
ZKSync Hack Resolved: $5M Recovered, Hacker Gets Bounty!

ZKSync Hack Resolved: $5M Recovered, Hacker Gets Bounty!

The environment of blockchain technology is quickly evolving. Yet new security vulnerabilities can emerge at a moment’s notice, posing significant threats to projects and their end users. Just last month, ZKSync, one of the leading Layer-2 scaling solutions for Ethereum, suffered a hack that revealed fundamental flaws in its protocol....
ZKSync's $5M Hack Exposes a Centralization Problem We Can't Ignore

ZKSync's $5M Hack Exposes a Centralization Problem We Can't Ignore

The headlines shouted “Funds Recovered!” and “Hacker Returns Stolen Crypto!”. ZKSync supporters breathed a sigh of relief. Beneath the surface of this seemingly happy ending lies a chilling truth: the very mechanism that allowed for the swift recovery exposes a critical flaw in the system's design. A $5 million hack,...
XRPL Hack: A Wake-Up Call for Blockchain's Supply Chain Security

XRPL Hack: A Wake-Up Call for Blockchain's Supply Chain Security

The recent XRPL hack, discovered by Aikido, wasn't just another bug fix. It was a flashing red light illuminating a critical weakness in the very foundation of blockchain development: our reliance on the supply chain. Too many see blockchain as an impenetrable fortress. Yet as this incident illustrates, even the...
Aikido Stops XRP Hack: What Devs Need to Know NOW!

Aikido Stops XRP Hack: What Devs Need to Know NOW!

MetaBlock X brings you firepower for your strategic advantage in this new crypto frontier. Get the latest news, precision price analysis, bitcoin price live updates, smart staking tips and more – plus exclusive security tips to keep your crypto safe. For that, we could all use a roadmap. Navigate the...
DeFi Dev Betrayal: $785K Stolen Via Backdoor Exploit

DeFi Dev Betrayal: $785K Stolen Via Backdoor Exploit

The global landscape of Decentralized Finance (DeFi) offers a trustless utopia. Yet inarguably, human fallibility remains an Achilles’ heel as a vulnerability. Our most recent ROAR hack yielded significant losses of $785,000. This incident should serve as a reminder of the insider threat that even the most innovative blockchain projects...
ROAR's $800K Hack Exposes DeFi's Fatal Flaw Trust or Code?

ROAR's $800K Hack Exposes DeFi's Fatal Flaw Trust or Code?

The ROAR project. A name that today resonates with the haunting clang of $800,000 disappearing into the ether. An Ethereum-based DeFi project, exploited just days after its launch. A developer's betrayal. They didn’t fall because a simple coding error caused a complex chain reaction. Instead, legacy code written by a...