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Hacks

cryptocurrency November 18, 2021

Key Takeaways Crypto analytics firm Elliptic has published a new report that surveyed DeFi losses between 2020 and 2021. At least $12 billion has been lost to various attacks and incidents, with $10.5 billion stolen this year alone. Elliptic’s estimates are considerably higher than other similar surveys for reasons that are unclear. Share this article […]

cryptocurrency March 26, 2021

Key Takeaways Cream Finance is a fork of Compound but offers far more assets to lend and borrow against. Though it offers additional features, they are less competitive than the original offerings. The CREAM token also lacks clear utility. Cream has proven that the underlying code is secure thanks to an audit from Trail of […]

cryptocurrency November 14, 2020

Key Takeaways Akropolis lost $2 million in breach despite independent audit. The funds were stolen from liquidity pools connected to the project. User funds and staking pools were not affected. Share this article According to reports within the crypto community, Akropolis, an Ethereum-based DeFi lending platform, was attacked this week.  Advertisements The attacker managed to […]

cryptocurrency November 14, 2020

Key Takeaways The DeFi surge in 2020 led to more than a dozen hacks over several months. More than $50 million was lost due to bugs, exploits, and hacks. Although some losses were recovered, DeFi users need to stay vigilant when interacting with applications. Share this article DeFi is nothing short of a revolution. Automated […]

cryptocurrency April 26, 2018

Parity Technologies issued a statement Thursday stating it has no plans to move forward with a code change that would result in an ethereum blockchain split. Advertisements Named EIP-999, the contentious code change would recover the $264 million lost due to a code fault in Parity wallets in November 2017. Signed by co-founder of the […]