Fun

News Feed - 2023-11-01 09:11:03

Arijit Sarkar11 hours agoOnyx Protocol exploiter begins siphoning $2.1M loot on Tornado CashThe bug the Onyx Protocol hacker exploited to steal $2.1 million was previously used by a hacker to extort $7 million from Hundred Finance.1002 Total views10 Total sharesListen to article 0:00NewsJoin us on social networksDecentralized peer-to-peer lending platform Onyx Protocol lost roughly $2.1 million in an exploit of a market with no liquidity that was deployed on Oct. 27. 


The Onyx Protocol hacker exploited a known bug, a rounding issue behind the popular CompoundV2 fork, explained blockchain investigator PeckShield soon after alerting about the hack that went unnoticed by the protocol.#PeckShieldAlert @OnyxProtocol has been exploited for ~2.1M pic.twitter.com/5Z50tCg6MD— PeckShieldAlert (@PeckShieldAlert) November 1, 2023


The alleged liquidity lacking oPEPE market was “abused with donation to borrow funds from other markets with liquidity,” found PeckShield’s independent investigation on the matter.“The donated funds were then redeemed by exploiting the known rounding issue.”


Previously, on April 16, an attacker exploited the same bug to steal $7 million from multichain lending protocol Hundred Finance.#CertiKSkynetAlert @HundredFinance’s attacker manipulated the exchange rate between ERC-20 tokens and htokens which allowed them to withdraw more tokens than they had originally deposited. The estimated losses of this attack is around $7.4 million.

Stay vigilant! https://t.co/1hxAnFoNjj— CertiK Alert (@CertiKAlert) April 15, 2023


In Hundred’s case, the attacker manipulated the exchange rate between ERC-20 tokens and hTOKENS, allowing them to withdraw more tokens than originally deposited, according to CertiK.


Related:Crypto thief steals $4.4M in a day as toll rises from LastPass breach


Consistent hack attempts from bad actors require a greater understanding of the art of tracking cryptocurrencies.


A recent Cointelegraph Research article details the various methods that can be used to fortify crypto security with blockchain analysis. As explained, tracking stolen crypto using blockchain analysis broadly involves six major steps: transaction tracing, address clustering, behavioral analysis, pattern recognition, regulatory vigilance and collaboration.


Magazine:Slumdog billionaire: Incredible rags-to-riches tale of Polygon’s Sandeep Nailwal# Blockchain# Business# Hackers# decentralized marketplace# Hacks# Tornado CashAdd reactionAdd reactionRead moreUK’s FinProm a welcome change, but challenge persists — Transak compliance headCrypto horrors: Tales of lost Bitcoin walletsAtomic Wallet freezes $2M in ‘suspicious deposits’ on exchanges

News Feed

Bitcoin Price Above $100,000 Again? Why $99,800 Is An Important Resistance To Break
Este artículo también está disponible en español. The Bitcoin price is approaching the $100,000 level again after experiencing significant declinesthese past weeks. A cry
Fading Spot Volumes And Muted Futures Sentiment Threaten To Send Bitcoin Below $99,000 Again
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
William Suberg8 hours agoBitcoin rejects at 21-day trendline — How low can BTC price go?BTC price fails to protect the $30,000 mark after a brief resurgence, and Bitcoin traders are not confident of new highs.3779 Tota
Ethereum-Based ‘Cryptoruble’ Token Under Development in Russia
Ethereum-Based ‘Cryptoruble’ Token Under Development in Russia Developers are working on a “cryptoruble” that, as they say, can improve Russians’ access to
CoinStats hack caused by ‘socially engineered’ employee, CEO suspects
Arijit Sarkar1 hour agoCoinStats hack caused by ‘socially engineered’ employee, CEO suspectsCoinStats reveals an employee-targeted social engineering attack behind the hack affecting 1.3% of wallets.316 Total viewsLi
US crypto stocks rally on first trading day after Bitcoin halving
Jesse Coghlan7 hours agoUS crypto stocks rally on first trading day after Bitcoin halvingU.S. crypto mining stocks have gained in the first trading day after Bitcoin’s weekend halving, even though mining rewards are no
Marcel Pechman3 hours agoWhy is Stellar (XLM) price up this week?Stellar’s pre-announcements may have caused traders to create multiple scenarios for potential XLM developments, but their impact on the XLM price could
Ethereum poised to 50% surge this year against Bitcoin — Fractal analysis
Yashu Gola9 hours agoEthereum poised to 50% surge this year against Bitcoin — Fractal analysisThe ETH/BTC trading pair is forming a classic bullish reversal pattern similar to the one from 2019–2021, which led to 140
Bitcoin, Ethereum Technical Analysis: ETH Breaks Resistance to Hit 9-Day High
Bitcoin, Ethereum Technical Analysis: ETH Breaks Resistance to Hit 9-Day High Bitcoin and ETH both rose to nine-day highs on Wednesday, as bulls continued to push prices higher fol
Ethereum Fails To Break $2,100 Resistance – Growing Downside Risk?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Report: Declining BTC Stablecoin Supply Ratio Suggests Exchanges Are ‘Highly Liquid & Ready to Buy’ Crypto Assets
Report: Declining BTC Stablecoin Supply Ratio Suggests Exchanges Are "Highly Liquid & Ready to Buy" Crypto Assets According to a report by Glassnode, bitcoin&rsq
Morgan Stanley’s Bitcoin ETF push a ‘death wish,’ says former SEC official
Ciaran Lyons5 hours agoMorgan Stanley’s Bitcoin ETF push a ‘death wish,’ says former SEC officialFormer United States Securities and Exchange Commission official John Reed Stark believes Morgan Stanley’s Bitcoin