hacker

On May 1, Israel’s immigration authorities arrested Gurevich at Ben-Gurion Airport. He’s a dual Russian and Israeli citizen reportedly connected to the $190 million Nomad bridge hack. Gurevich (who had recently adopted the name Alexander Block just a few days prior) was attempting to catch a flight to Russia when...

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...

To be sure, this sword cuts both ways. On the one hand, it presents unprecedented opportunities to innovate financially and provide equitable access. On the other hand, it’s an absolute training ground for hackers. By September 2022, DeFi platforms had already lost an estimated US$2.32 billion to these exploits. In...

The decentralized finance (DeFi) ecosystem is quickly evolving. As it expanded, we began to witness greater examination and, unfortunately, a rise in potential security danger. Just last week, KiloEx, a decentralized exchange, was taken for over a million dollars in a major exploit. What makes this event particularly noteworthy is...

In a surprising turn of events, the hacker responsible for the $7.5 million theft from decentralized exchange KiloEx has returned the full amount. KiloEx has presented a tempting challenge. To that end, they are offering a 10% “white hat” bounty to the person(s) who can return 90% or more of...

Sarah, a single mom, suddenly finds herself spending hours researching DeFi platforms. She’s duly encouraged by the prospect of earning better yields than her old savings account. She plows all of her life savings into KiloEx. She wants to create a nest egg for her daughter to help pay for...

The dust has settled. The $5 million worth of stolen ZK tokens are (largely) back in ZKSync’s possession. The more fundamental question is not the what – it’s the how, and even more importantly, it’s the why. More specifically, it’s the tale of Aditya Menon, the hacker, and the 10%...

ZKSync has done a commendable job in revoking over $5 million in tokens. A smart hacker took a 10% bounty to return the assets they stole. After reporting the hack on March 30, on April 23, the company announced that the hacker had acted in good faith. They did manage...

KiloEx, India’s first decentralized exchange (DEX), was recently hacked for a whopping $5 million. They quickly reported it to Hong Kong police and lodged a formal case after losing about $7 million. The exchange has been working with the Criminal Division of the Hong Kong police. These specialists are collaborating...

As many are unfortunately aware, the decentralized finance (DeFi) space is regularly plagued by security exploitation. The recent fatal crash with KiloEx underscores the stakes here. KiloEx, a decentralized exchange known for its perpetual contract products, was recently exploited on April 15th. This single event had a large impact, accounting...