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Hacks

DeFi Insurer Nexus Mutual Weighs Whether to Pay Out on BadgerDAO Hack
Hacks

DeFi Insurer Nexus Mutual Weighs Whether to Pay Out on BadgerDAO Hack

Controversy has erupted in the wake of the BadgerDAO hack as insurer Nexus Mutual is waiting for a postmortem before making payouts.
Aave Set to Disable Borrowing on xSushi and DPI Citing Potential Exploit
Hacks

Aave Set to Disable Borrowing on xSushi and DPI Citing Potential Exploit

Aave token holders are voting to patch a vulnerability to DeFi’s biggest protocol by assets locked.
Anubis DAO Descends Into the Underworld After $60M Exploit
Hacks

Anubis DAO Descends Into the Underworld After $60M Exploit

Anubis DAO, a recently launched fork of Olympus DAO, is engulfed in chaos after 13.6K ETH ($60M) was drained from the protocol today.
CREAM Finance Exploited for $130M in DeFi’s Third-Largest Hack
Hacks

CREAM Finance Exploited for $130M in DeFi’s Third-Largest Hack

DeFi lending protocol CREAM Finance has been exploited for over $100M, according to data compiled by security firm Peckshield. 
Victims of $30M Parity Wallet Hack Offer Attacker $60M 'Bounty'
Hacks

Victims of $30M Parity Wallet Hack Offer Attacker $60M 'Bounty'

The victims of a 2017 hack - Aeternity, Edgeless, and Swarm City -have offered a bug bounty to recover their stolen ETH.
Inside the Hunt for the Jay Pegs Auto Mart Thief and 865 ETH
Hacks

Inside the Hunt for the Jay Pegs Auto Mart Thief and 865 ETH

It took the team at Jay Pegs Auto Mart basically zero time to identify and find the hacker responsible for stealing the proceeds from their auction of DONA tokens on SushiSwap’s MISO platform Thursday night. “It only took us five minutes to figure out who he was,” BasedMoneyGod, a salesman at Jay Pegs told The…
CREAM Finance Attack Leads to $23 Million Loss in AMP and ETH
Hacks

CREAM Finance Attack Leads to $23 Million Loss in AMP and ETH

New token standards introduce complexity that DeFi applications are still learning how to grapple with. Prime example: Money market CREAM Finance was hit with a reentrancy attack on Aug. 30 that allowed attackers to drain $22.8 million in Flexa’s AMP token and $4.2 million worth of ETH (based on market prices in mid-morning trading Monday).…
Hackers Wanted: $1M  Bounties Entice White Hats to Hunt for DeFi Bugs
Hacks

Hackers Wanted: $1M Bounties Entice White Hats to Hunt for DeFi Bugs

Should I just steal the money? There’s a vulnerability in the code… Of a DeFi protocol with $3B in TVL. I was just looking at the open-source code for fun. But now, it’s serious. There’s a bug bounty, a reward that pays out $10K to anyone who finds a major weakness. But exploiting this vulnerability…
Poly Network Hacked For Over $600M In Biggest DeFi Exploit Ever
Hacks

Poly Network Hacked For Over $600M In Biggest DeFi Exploit Ever

At 6am ET on August 10, over half a billion dollars worth of crypto assets were stolen from Poly Network, a cross-chain protocol that facilitates token swaps across multiple blockchains including Ethereum, Binance Smart Chain and Polygon. With the total drained at $600M, this is the biggest DeFi hack in history, dwarfing the $59M EasyFi…
DeFi Traders Lost More Than $11M Across Two Weekend Hacks
Hacks

DeFi Traders Lost More Than $11M Across Two Weekend Hacks

Over the weekend, DeFi traders lost more than $11M across two hacks on Binance Smart Chain (BSC).  On July 10, Anyswap, a decentralized cross-chain protocol, suffered a hack worth nearly $8M of USDC and MIM (Magic Internet Money), a lesser known stablecoin. The exploit happened in the protocol’s new V3 cross-chain liquidity pools. According to…