Main topic: Hackers stole $62 million from Curve Finance, raising concerns about the strength of the decentralized finance ecosystem.
Key points:
1. Curve Finance is one of the largest decentralized exchanges (DEX) with $1.67 billion in total value locked (TVL).
2. Several DeFi projects' pools were also hacked, resulting in significant losses.
3. The hack was caused by a bug in older versions of the Vyper compiler contract programming language.
4. The hack represents about 4% of Curve's TVL, but a white hat hacker returned $5.4 million to Curve.
5. The hack highlights ongoing challenges and vulnerabilities in the crypto space.
The hacker who stole $570 million from Binance last year had a portion of their stolen funds liquidated after the Venus community voted in favor of a governance proposal enabling the liquidation, and the attacker's position was manually liquidated for $52.3 million when the price of Binance Coin dropped.
North Korean hackers, including the Lazarus Group and APT38, are believed to be planning to cash out stolen bitcoin worth over $40 million, according to the FBI.
A Hong Kong crypto exchange, HashKey, will begin retail trading on August 28, allowing residents to invest up to 30% of their net worth into cryptocurrencies with a warning if the limit is exceeded; meanwhile, China is cracking down on private blockchain firms, arresting crypto executives and seizing assets, and the FBI has traced down $41 million in Bitcoin stolen by North Korean hackers from various projects.
A hacker group, suspected to be Lazarus with ties to the North Korean government, stole $37.3 million in cryptocurrency from Estonia's CoinsPaid after tricking an engineer with a fake job offer.
Chinese hackers stole a signing key from a Windows crash dump and used it to breach government email accounts, including those of the U.S. State and Commerce Departments, by exploiting a zero-day validation issue in Microsoft's Exchange Online and Azure Active Directory.
Hackers stole over $691,000 from Ethereum founder Vitalik Buterin's followers by posting a malicious phishing link that provided access to their wallets, with the majority of the stolen value being non-fungible tokens (NFTs).
A CoinEx hot wallet lost $27.8 million in various tokens in a suspected cyberattack when large amounts of tokens were transferred to an account with no previous history.
Over $2 billion worth of crypto has been manipulated through wash trading on Ethereum-based decentralized exchanges (DEXs) since 2020, according to Solidus Labs, with over 20,000 tokens being affected.
CoinEx, a global cryptocurrency exchange, suffered a hack where large amounts of digital assets were stolen, with preliminary estimates suggesting a loss of around $43 million, possibly linked to the North Korean hacking group Lazarus.
A cryptocurrency holder has lost $4.46 million in a phishing scam after funds were withdrawn from a Kraken exchange wallet and sent to a scammer's address, with scammers stealing around $337.1 million in total through similar attacks.
Huobi Global's HTX crypto exchange has been hacked, resulting in the loss of $7.9 million, but the exchange claims to have identified the attacker and is offering them a "white-hat bonus" if they return the remaining funds.
Hong Kong-based crypto company Mixin announced that hackers breached its cloud service provider and stole approximately $200 million, leading to the temporary suspension of deposit and withdrawal services while the vulnerabilities are fixed. The company has engaged the help of Google and SlowMist to investigate the incident. The hack on Mixin is the largest theft in the crypto world this year, surpassing the previous record set by Euler, a crypto lending platform.
Crypto exchange Binance collaborates with law enforcement agencies to arrest key members of a criminal group involved in a crypto scam in Thailand, resulting in the seizure of $277 million worth of assets and over 3,000 victims coming forward to file compensation claims.
Huobi Global's cryptocurrency exchange has recovered $8 million in stolen Ether through negotiations with a hacker, who accepted the offer and returned the funds.
