Nexera Protocol Faces $1.5M Smart Contract Exploit
A smart contract security incident has resulted in the exploitation of the Nexera protocol, resulting in the theft of $1.5 million in digital assets. According to an August 7 X post by Cyvers, Nexera, a decentralized finance (DeFi) protocol that sought to connect DeFi with traditional finance, was compromised for $1.5 million in Nexera (NXRA) […]
Crypto Hackers Use Stolen Funds to Buy Ethereum Dip
Hackers leverage stolen funds from the 2022 Nomad bridge hack to buy 16,892 ETH at a major discount during the market drop. Cryptocurrency hackers see the ongoing collapse in the market as an opportunity to acquire Ether at a huge discount by using stolen funds from previous heists. On August 5, 16,892 Ether was purchased with stolen crypto funds […]
WazirX Hack Update: Exchange Drops Plan to Share Losses with Users
Following a setback with poll results, the Indian exchange has declined the 55/45 approach, also known as the plan to socialize losses, according to a recent WazirX hack update. In the latest WazirX hack update following the $230 million breach, the exchange has opted to drop its plan of socializing losses. The firm’s idea to socialize […]
FBI Warns About Crypto Exchanges Impersonation Scam
The Federal Bureau of Investigation (FBI) of the United States has issued a warning regarding individuals who impersonate cryptocurrency exchanges to steal users’ funds. According to the FBI, scammers contact their targets through calls or messages and pose as crypto exchange employees. They would assert that the user’s account is experiencing issues or that an […]
Terra Hack Did Not Impact Terra Classic, See Why
The recent Terra hack has not impacted Terra Classic, resulting from an upgrade by Genuine Labs that has patched vulnerabilities and ensured security. Terra , a Phoenix-1 blockchain, was the victim of an exploit due to using an internally derived IBC-go 7.3 version that had not been updated since last year. In contrast, Terra Classic […]