Hack

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Nexus Mutual CEO Hacked for $8M

15 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan

On Dec. 14, DeFi insurance platform Nexus Mutual (NXM) revealed that the personal address of founder and CEO Hugh Karp was hacked for $8 million.  Karp’s hardware wallet address was attacked on early Dec. 14 by a member of the Nexus Mutual platform;...

How it's like having a 300% profit after a 7 years investment, but first believing it's all gone?

14 Dec 2020 6 minute read 3 comments VNFC

yes it is true! I mean, it should happen soon, after so much waitings. When I was young I used to left some money between the pages of books to find it later. It was a nice sentiment when something valuable is found where it isn't expected. I am sure...

More than $100M tied with the Bitfinex hack in 2016 is on the move

2 Dec 2020 3 minute read 0 comments alberdioni8406

Article also published on my blog at read.cash from my authorship. Update: November 30, 2020 was the day Bitcoin reached the All-time-high (ATH) surpassing the late $19,666 registered in 2017, on this day the main asset on the crypto market reached...

2020 Marks A Year Of Exit Scams, Thefts And Security Flaws

1 Dec 2020 3 minute read 0 comments CryptoBrowser

Crypto Exchanges Experienced The Full Range Of Social Engineering Scams, Security Breaches And Vulnerability Exploits The past year has been a rollercoaster ride for the world of cryptocurrencies, as modern economies still suffer from the COVID-19-i...

P2P Insurance Network Cover Protocol Executes Claim for Pickle Finance Hack

25 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized insurance coverage network Cover Protocol announced on Nov. 24 that its users had successfully agreed to payout a coverage for the Pickle Finance hack that occurred on Nov. 23. Cover Protocol will cover some of the funds from the $20 m...

Origin Protocol the hacked DeFi put $1M in bounty to identify the criminals

25 Nov 2020 2 minute read 0 comments alberdioni8406

The late hacked smart Defi Origin protocol is conducting a bounty to help recover the stolen funds, the reward will split $1M in assets if someone could give them leads to identify positively the criminals who caused victims to lose more than $7M in...

$20M Stolen from DeFi Project Pickle Finance

23 Nov 2020 1 minute read 14 comments Abhimanyu Krishnan

A hacker has stolen nearly $20 million from DeFi protocol Pickle Finance, according to an official statement on Nov. 22. The hacker had drained 19,759,355 DAI from the pDAI PickleJar (forked versions of Yearn Finance vaults) on Nov. 21  The team con...

KuCoin Resumes Withdrawal Services Nearly 2 Months After Hack

23 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

According to a blog post published on Nov. 22, KuCoin has resumed deposit and withdrawal services on the exchange following the $281 million hack it suffered in Sep. 2020.  Deposit and withdrawals on the platform have resumed, but some tokens have a...

Hello, DeFi investors, this is Clem Fandango here. Can you hear me? $pickle was good, but putting the future of finance into fermented cucumber memes might not be the answer.

22 Nov 2020 1 minute read 0 comments Crypto_Clem_Fandangogo

Another day another hack. $pickle was fun while it lasted though, right? I mean,  it's from that TV show, Mick and Rorty or whatever, so it must have been on course for having an intrinsic contribution to the world of decentralised finance.    If, b...

new projects restored on Kucoin - 18 nov update

20 Nov 2020 3 minute read 1 comment VNFC

hello everyone let's see how Kucoin is dealing with their 26 sep hack. we are having an 18 november update, so we can compare the evolution since my 30 october article about this. Since then, when 158 projects were restored, now we have 202 . Almost...