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.
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.
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.
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).
Hackers behind the $41 million hack of cryptocurrency casino Stake have moved an additional $328,000 million worth of Polygon and BNB tokens to the Avalanche blockchain, bringing the total transferred funds to $4.8 million, representing 1.2% of the total stolen amount.
Hackers from North Korea are using Russian crypto exchanges known for money laundering to transfer stolen digital assets, according to market intelligence firm Chainalysis. The firm's on-chain data reveals that hacking groups linked to North Korea are increasingly using Russian exchanges to launder funds stolen from decentralized app project Harmony (ONE), with evidence showing that DPRK entities have been using Russian services for money laundering since 2021.
Hong Kong-based cryptocurrency exchange CoinEx has confirmed that compromised private keys allowed hackers to steal over $70 million worth of tokens, and is working on rebuilding its wallet system to restore functionality and compensate affected users.
A hacker stole customer information from crypto data firm Nansen by breaching a third-party vendor, exposing the personal information of 6.8% of users, including email addresses, password hashes, and blockchain addresses.
The North Korean hacking collective Lazarus Group holds around $47 million in cryptocurrency, mostly in Bitcoin, according to new data, although this amount has decreased from $86 million in September. The group's wallets do not currently hold any privacy coins, and their recent activity suggests their holdings may be higher than reported.
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.
Summary: A hacker attacked Galxe, a web3 platform, and reportedly stole around $200,000, causing the project's website to go down temporarily.
South Korean cryptocurrency exchange Upbit experienced over 159,000 hacking attempts in the first half of 2023, marking a significant increase from previous years, prompting calls for increased security measures from the government.
A thief who stole over $470m in cryptocurrency from FTX is attempting to cash out $20m daily, while the exchange's founder is on trial for fraud and money laundering.
Blockchain analytics firm Elliptic has raised the possibility that the $477 million hack of FTX could be an inside job, as stolen assets are being moved by anonymous hackers just as the trial of FTX founder Sam Bankman-Fried begins.
