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.
Avalanche will unlock roughly $99 million worth of assets and expects a 25% increase in token supply over the next year.
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 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.
A recent report from blockchain analytics firm IntoTheBlock reveals that a significant majority of holders for cryptocurrencies such as Cardano, Polygon, Avalanche, Arbitrum, Axie Infinity, ApeCoin, Algorand, Chiliz, and The Sandbox are experiencing losses.
Cryptocurrency casino Stake suffered an exploit resulting in a loss of $16 million, with the stolen funds converted to ether and transferred to externally owned wallets, although withdrawals from the targeted wallet have been paused.
An alleged hacker made suspicious withdrawals totaling $16 million from the crypto gambling site Stake.com, raising concerns about stolen funds and the security of crypto gambling platforms.
Popular crypto betting platform Stake lost around $40 million in unauthorized transactions, with $16 million leaving the platform in Ethereum, Tether, USD Coin, and DAI, and an additional $25 million drained on Binance Smart Chain and Polygon, according to blockchain security experts.
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).
Notorious North Korean hacking group Lazarus, which has been increasingly active, is responsible for five major crypto hacks in the past three months, including the recent $54 million hack of global cryptocurrency exchange CoinEx, bringing their total theft to almost $240 million in just 104 days, according to a report by blockchain surveillance firm Elliptic.
Nearly $3 million worth of Avalanche's AVAX tokens were drained from Stars Arena through an exploit in the platform's smart contract, leaving the Arena with just under $1 in funds.
Stars Arena, an Avalanche-based Web3 social media app, has secured funding to cover the $3 million loss caused by a hack and plans to re-open its smart contract after a security audit. The hacker drained almost $3 million worth of AVAX tokens and transferred them to the Fixed Float crypto exchange, and the team is working to recover the funds and improve platform security.
