Alex Labs Reveals Recovery Plan Post-exploit
Following a $4.3M exploit, Alex Labs has revealed a recovery plan to enhance security measures and rebuild community trust. After a recent security compromise, Alex Labs, a Bitcoin layer-2 (L2) developer, unveiled its strategic plan to reinstate community confidence and resume platform operations. The re-opening of pools and the implementation of the migration process for […]
Solareum Trading Bot Shuts Down Few Days After Exploit
Solareum, a Solana-based Telegram trading bot, has announced its definitive shutdown due to a recent security breach and inadequate funding. “We regret to inform you that we must announce the termination of the Solareum project,” the developers wrote on the Telegram Solareum support channel—trading bot BONKbot co-founder King. Sol also shared the news on X […]
KyberSwap Lays Off 50% of Workforce After $54m Elastic Exploit
KyberSwap made a 50% reduction in staff in reaction to issues brought on by the Elastic exploit. Victor Tran, the CEO and co-founder of KyberSwap, said in an X post on December 25 that the Elastic hack caused the project to cut 50% of its staff and lose more than $54 million in customer payments. […]
KyberSwap Launches Treasury Grant Program for Users
KyberSwap has introduced a Treasury Grant program for impacted users in response to the November 22 exploit. A post on X on December 1 stated that the KyberSwap elastic issue led to exploitative swaps that took almost $48.8 million out of users’ liquidity pools. In order to find the exploiter and retrieve user funds, the […]
Smart Contract Exploit Leads to $188k Loss in TIME Token
According to CertiK, a recent exploit of the TIME token resulted in a potential loss of approximately $188,000. The exploiter started the attack by exchanging 5 ETH for Wrapped Ether (WETH) and trading it for more than 3.4 billion TIME tokens. The modification of the Forwarder contract, which is intended to carry out transactions from […]