DeFi Protocol Nomad Just Got Drained Over $150M

Nomad bridge released an alert about an ongoing hack. Multiple transactions of money were observed leaving the bridge. This attack will have far-reaching implications for the Ethereum network. On August 2, at around 3:00 a.m., Nomad bridge released an alert about an ongoing hack. The protocol’s coffers of over $190 million were emptied during the following hours. White hat ‘samczsun,’ a crypto community developer, broke down the chain of events in a blog post, describing them. He referred to it as “one of the most chaotic hacks that Web3 has ever seen.” Multiple transactions of money were observed leaving the

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

ApolloX Seed Fund Exploit Amounts to $2.8M Worth of APX Token

Crypto DEX ApolloX was attacked by hackers. The hacker accumulated 53 million APX tokens from trading rewards. Users’ funds were not compromised by the attack. Crypto derivatives exchange ApolloX has been exploited for $2.8 million worth of APX tokens by unknown hackers. The attack took place on the same day as the exchange secured an undisclosed amount of funding from top investors, such as Binance Labs, Research Kronos, and five others. According to ApolloX, the exploit happened on June 8 around 11:20 AM UTC. The hacker took advantage of a flaw in the trading reward contract of the exchange.  In

Binance Bans Accounts of Relatives of Russian Officials
Binance Urge To Tighten User Accounts Amid Increasing Crypto Hacks

Crypto exchange Binance showed how users can increase the security of their accounts. Hackers have stolen more than $1.3B in Q1 2022 alone. The official Twitter account of Binance now hits 9 million followers. Binance, the largest cryptocurrency exchange, said security is the top priority of its platform amid the rising number of cryptocurrency exploits. According to the data from a blockchain data platform Chainalysis, hackers have taken more than $1.3 billion from exchanges, platforms, and private entities in the first three months of 2022 alone.  DeFi protocols accounted for almost 97% of all cryptocurrency exploited in the first quarter

Bored Ape Yacht Club Suffers System Hack, Lose Thousands of Dollars

Bored Ape Yacht Club (BAYC) official Discord servers have been exploited 200 worth of ETH have been impacted in the attack BAYC maintains above $1 billion market cap Digital NFT collectibles Bored Ape Yacht Club (BAYC) announced that its official Discord servers had been exploited. The hackers are still unknown, and as per the BAYC network, 200 worth of ETH had been impacted by the attack. No details yet if there are high-end NFT collections that went on missing after this incident. Furthermore, the BAYC network is just one of the platforms that suffered a system crack from unknown hackers.

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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

Fake OpenSea Phishing Site Takes Everything From ETH Hodler
Fake OpenSea Phishing Site Takes Everything From ETH Hodler

An ETH hodler lost all their assets due to a fake OpenSea phishing site.  The hackers got away with $40,000 – $45,000 in digital assets.  The victim posts a thread explaining how this happened. In a horrifying stroke of misfortune, a longtime hodler of ETH and multiple other assets, lost most of their digital fortune. Specifically, the user lost between $40,000 – $45,000 worth of ETH and other assets.  In detail, the hodler shares the woeful tale through a detailed thread on their Twitter account. The user, known as JB (schlig), walks readers through what they said is ‘easily the

ChainSwap Hacked
ChainSwap Hacked, $2.3M Taken From 20 Project Tokens

Hackers took $2.3 million in profits from ChainSwap.  The hack stole tokens from over 20 projects on the network.  Investors affected include Alameda, Continue Capital, NGC, OKEx, and Spark Digital. The ChainSwap network was hacked. The hackers got away with $2.3 million. It stole tokens from over 20 different projects. Specifically, investors affected include Alameda, Continue Capital, NGC, OKEx, and Spark Digital Capital. Most of these are all Chinese VCs. The news came from the Wu Blockchain Twitter account. It is run by Chinese journalist — Colin Wu. In 2013, he won the China News Award.  Not long ago, ChainSwap