crypto hack

Crypto-Heists-Explained-How-to-Avoid-Crypto-Hacks
Crypto Heists Explained: How to Avoid Crypto Hacks

Nomad Token Bridge lost over $190 million due to a fault in its security. The exploit began with one hacker and led to hundreds others.  The platform was left with $1,000 and Redditors discuss the need to prioritize security. Nomad Token Bridge suffered a drastic hit when the platform was syphoned over $190 million in crypto. The Coinbase and OpenSea-backed platform lost its assets over a series of transactions.   In detail, the exploit is what Redditors on the CryptoCurrency thread are calling ‘the first truly decentralized robbery’. To highlight, Nomad Token Bridge went from having $190,740,000 to $1,000 in just

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After $625M Loss, Axie Infinity’s Discord Gets Hacked

Axie Infinity confirmed the Discord hack via tweet. The team said they wouldn’t do a surprise mint without announcing it simultaneously. The Mee6 team clarified that their system remains secure. While Axie Infinity is still recovering from a $625M exploit, its Discord account has been targeted by another hacking incident. In a tweet, they stated that someone has hacked the MEE6 bot installed on their main Axie server. MEE6 is a Discord Bot that can do numerous tasks including moderation, leveling roles, making announcements, playing music, and others. Axie Infinity claims that hackers used the said bot to give authorization

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Bitcoin Withdrawal Enabled After $200M BitMart Hack
Bitcoin Withdrawal Enabled After $200M BitMart Hack

BitMart has now enabled bitcoin withdrawals from its exchange. The crypto exchange got hacked recently, in which $200 million worth of cryptocurrency was stolen. Deposit and withdrawal functions for Ethereum and ERC-20 tokens went online on December 7. Amid the recent BitMart hack, the exchange now allows users to deposit and withdraw their bitcoins and other major cryptocurrencies. These include Solana (SOL), Kusama (KSM), and more. According to an email sent to BitMart users, the exchange is still conducting its investigation regarding the security breach. Specifically, on December 4, a person that they have yet to identify has gained access

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AscendEX (Bitmax) Loses $78 Million to Hackers
AscendEX (Bitmax) Loses $78 Million to Hackers

Crypto exchange AscendEX lost about $77.7 million to hackers. The exchange lost tokens on Ethereum, Binance Smart Chain, and Polygon. Also, AscendEX token ASD rallied after briefly plunging following the news Cryptocurrency exchange AscendEX, formerly Bitmax, is the latest crypto exchange to fall victim to hackers. The exchange recently disclosed a breach in the exchange’s hot wallet. Researchers at PeckShield, a security firm, claim the exchange lost about $77.7 million.  Fortunately, the hack was limited to the exchange’s hot wallet with the cold wallet remaining unaffected.  Some of the tokens taken from the exchange include Tether (USDT) and USDC stablecoins,

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