DeFi Hacks News

TVL of hacked DeFi protocols dives by over 90% and fails to recover.

Crisis Management Becomes a Key Exercise as Crypto Exploits Mount

Nomad Hack Exposes Weakness of Cross-Chain Bridges

Latest Hack Further Exposes Vulnerabilities in Bridge Protocols

Cross-Chain Bridges Prime Targets for Exploits

Yes, we’re back from New York City and back into the grind of a market that has recovered a smidge of its dignity, total cryptocurrency market cap poking its head back above a trillion once again. For how long, well we’ll have to see. And with no prospect of the Fed easing off on rate…

Escalation of Malicious Attacks Shows No Sign of Abating

The hack made off with CloneX and Azuki works.

Alright ya beautiful lovelies, CryptoFirstNewsBadger here filling in for yer regular old presenter. And I know you’re thinking you look just like him. You sound just like him and you probably saw me getting me groceries at t’same superstore in t’same town at t’same time. But I assure you I am someone completely different and…

Wormhole, a bridge which facilitates asset transfers across seven different blockchain, got hacked on Feb. 2 to the tune of over $320M as a hacker minted 120,000 worth of a version of wrapped Ethereum on Solana. One day later, the funds are back. 

Exploiters, rug-pullers and other rogues ran wild in 2021 and stole $2.2B in DeFi: Report

Solana, a DeFi darling that vaulted into the fifth most valuable cryptocurrency, has taken the biggest hit of major tokens in the last seven days.

Controversy has erupted in the wake of the BadgerDAO hack as insurer Nexus Mutual is waiting for a postmortem before making payouts.

Aave token holders are voting to patch a vulnerability to DeFi’s biggest protocol by assets locked.

Anubis DAO, a recently launched fork of Olympus DAO, is engulfed in chaos after 13.6K ETH ($60M) was drained from the protocol today.

DeFi lending protocol CREAM Finance has been exploited for over $100M, according to data compiled by security firm Peckshield. 

The victims of a 2017 hack - Aeternity, Edgeless, and Swarm City -have offered a bug bounty to recover their stolen ETH.

This is The Defiant x Harmony, a weekly series brought to you by Harmony Protocol’s Creative Director, Robin Schmidt, and Camila Russo, the founder of The Defiant, to explore DeFi’s most important stories and demystify this exciting emerging financial space.

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…

Sherlock is a risk management platform designed to provide DeFi protocols with affordable, reliable coverage against smart contract exploits starting from Day 1.

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).…

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…

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…

YFI launched in 2020 as one of the most memorable DeFi protocols ever with its fair launch, tiny token supply and reluctant anti-hero Andre Cronje as a pivotal figure in just doing things differently. Since then $YFI has suffered hacks, merged, purged, grown, shrunk but above all endured as a genuinely decentralized home for those…