Jacob Gadikian, CEO of the blockchain services firm Notional Labs, has recently alleged that Terra’s downfall and UST’s dollar depeg were not caused by Do Kwon, the disgraced founder of the project. Gadikian stated that the real culprit behind this fraud, an unidentified attacker, remains at large. Blockchain Engineer States Terra’s Attacker Remains at Large, […]
Decentralized Money Market Protocol Loses $4.3M in Social Engineering Attack
Tapioca DAO, has been the victim of a social engineering attack in which criminals exploited a vulnerability to compromise the ownership of the TAP token vesting contract. The breach led to the sale of 30 million vested tokens. A blockchain security firm detected suspicious activity involving Tapioca DAO. The attacker withdrew millions of TAP tokens, […]
Certik: Malicious Actors Stole $753 Million in Q3, Phishing Top Attack Vector
Malicious actors stole $ 753 million in the third quarter, with phishing being the most costly attack vector. The report emphasizes the need for stronger security measures and warns users to be cautious of phishing scams. Ethereum and Bitcoin networks were the hardest hit chains, with combined losses exceeding $ 600 million. Users …
TRUMP Meme Coin Soars After Attack on Former US President
Following the assassination attempt on former President Donald Trump, the meme token associated with his name, maga (TRUMP), jumped over 40% against the U.S. dollar. The token experienced a wide intraday trading range, fluctuating between a low of $ 6.18 per coin and a 24-hour high of $ 9.68. At 8:30 p.m. EDT …
Sky Mavis Reports Return of $5.7 Million in Digital Assets Stolen During Ronin Attack
Sky Mavis announced that Norwegian authorities have recovered and returned $ 5.7 million in digital assets stolen during the Ronin bridge incident. The Web3 game developer stated that an additional $ 40 million in digital assets is currently frozen. However, the company cannot predict when it will be able to recover and return …