Gamma Strategies Attempts to Negotiate Bounty with Hacker
In the aftermath of a $3.4 million hack in digital assets, Gamma Strategies liquidity management protocol, while attempting to retrieve the funds lost in the exploit, negotiates a bounty with the hacker. PeckShield, a blockchain security firm, identified an exploit in Gamma’s repositories on January 4. Initial assessments indicated that the losses incurred a value […]
Gamma Protocol Investigates Potential $500K Attack
DeFi protocol for asset management Gamma lost nearly $500,000 in an ongoing security incident that may have depleted at least 211.9 prompting them to declare an investigation. Blockchain investigator PeckShield identified an exploit associated with Gamma Strategies on January 4, valued at approximately $469,000. The decentralized finance (DeFi) protocol subsequently validated a “possible security incident” […]
Radiant Capital Suspends Arbitrum Markets After Flash Loan Attack
In response to allegations of a $4.5 million attack affecting one of its newly created USDC Coin (USDC) markets, Radiant Capital has suspended its lending and borrowing markets on Arbitrum. “Today, we received a report of an issue with the newly created native USDC market on Arbitrum,” Radiant stated in a post on X (formerly […]
December Crypto Losses Near $100M Following Orbit Bridge Hack
Blockchain security firms report that the recent exploit on the cross-chain platform Orbit Bridge has resulted in a nearly $100 million increase in the value of cryptocurrencies lost to hacks in December. December was the fifth most compromised month of 2023, according to a report by blockchain security firm PeckShield on January 1. The news […]
Cross-chain Orbit Bridge Hit by $82M New Year Hack
It appears that a $81.7 million breach of the bridging service of Orbit Chain was the first of the year’s cyberattacks. Reportedly, just three hours before the new year’s festivities, Orbit Bridge, the bridging service of the cross-chain protocol Orbit Chain, was compromised for $82 million. Pseudonymous Twitter user Kgjr alerted readers to the potential […]