security

Each year, criminals walk away with billions of dollars in crypto fraud as they get smarter and better at exploiting the system. So these sophisticated phishing schemes and elaborate Ponzi schemes are just everywhere—pushing people into these schemes. It’s become a wild west for scams, taking advantage of unsuspecting people....

We know it’s easy to get caught up in the excitement of all things crypto. Fortunes made overnight! Lamborghinis purchased with meme coins! Behind the flashy headlines lies a darker reality: a Wild West of scams and theft that preys on the vulnerable. Dare I say, the current unregulated system...

The flash of news alerts: "$5.8 Million Hacked from Loopscale." Another day, another DeFi exploit. We've become almost numb to these headlines, scrolling past them as if they're just another market correction. Behind that every stolen million and every paused lending market are real folks. These are the 7k lenders...

$5.8 million vanished. Poof. Gone. Just like that, Loopscale, a Solana-based lending platform, became the most recent casualty in DeFi’s continual exploit drama. What’s truly gut-wrenching? They had been audited. Twice, actually. Once by OShield, who went so far as to patch critical vulnerabilities themselves, and a second audit, still...

Picture this, you wake up, check your crypto wallet and there’s a massive hole where your money used to be. One profoundly real and practical outcome that has become a reality for many Loopscale users today. A $5.8 million hack. 12% of their TVL vanished. This isn’t all about dollars...

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...

Imagine this: You wake up, bleary-eyed, grab your phone, and check your Bybit account. You’re expecting to see the fruits of your latest trades, maybe a little extra cushion for that vacation you’ve been planning. Instead, you’re greeted with a zero balance. A cold dread washes over you. Your hard-earned...

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...

The crypto space, despite its potential, is indeed risky by nature. With complex cybercrimes to even more elaborate fraud schemes, the digital asset space is an extraordinary minefield, especially for retail investors and users. Understanding these threats, MetaBlock X is focused on delivering not just strategic insights, but crucial security...