Tagged: exploit

November 3, 2025 @ 7:25 am By Omar Faridi  |  

Balancer—an automated market maker (AMM) protocol claiming over $750 million in total value locked (TVL)—suffered a security breach on November 3. Blockchain analytics firms like PeckShield and Lookonchain reported outflows exceeding $116 million across multiple chains, including Ethereum, Arbitrum, Base, Optimism, Polygon, and Sonic. The… Read More

September 9, 2025 @ 9:11 am By Omar Faridi  |  

On Monday, September 8, 2025, at 11:37 PM EDT, the cryptocurrency world was jolted by a stark warning from Charles Guillemet, Chief Technology Officer of Ledger, who urged certain users to halt onchain transactions due to a potentially devastating cyberattack. Guillemet’s announcement on X revealed… Read More

April 28, 2025 @ 10:05 pm By Omar Faridi  |  

In a recent incident impacting the web3 and decentralized finance (DeFi) space, Term Finance, an Ethereum-based platform offering fixed-rate lending, reportedly recovered $1 million of the $1.6 million lost due to a misconfigured oracle in its Treehouse (tETH) market. The error is said to have… Read More

April 27, 2025 @ 10:11 pm By Omar Faridi  |  

Loopscale, a so-called decentralized finance (DeFi) protocol operating on the Solana blockchain, fell victim to a significant security breach, resulting in a loss of approximately $5.8 million. This amount represents 12% of the platform’s total value locked (TVL), which stood at around $40 million prior… Read More

December 15, 2023 @ 7:56 am By Omar Faridi  |  

Jameson Lopp, co-founder and CTO at Casa, has shared key insights after the widely reported Ledger hack / security breach that appears to be impacting a large number of DeFi platforms and dApps, with some unconfirmed reports indicating major losses of crypto funds. Lopp, who… Read More

December 11, 2023 @ 10:20 am By Omar Faridi  |  

On December 5, 2023, thirdweb, a Web3 foundational development platform, reported security vulnerabilities in its pre-built smart contracts. As noted in a blog post by SlowMist, this issue affects all tokens “deployed using these pre-built smart contracts, including ERC20, ERC721, and ERC1155 tokens.” Based on… Read More

August 6, 2023 @ 12:33 pm By Omar Faridi  |  

On July 30, 2023, several liquidity pools on Curve Finance were exploited, resulting in approximately $70 million in losses and triggering panic within the DeFi ecosystem, the team at Chainalysis noted. In a blog post, Chainalysis also mentioned that these hacks occurred due to “a… Read More

July 14, 2023 @ 9:21 am By Omar Faridi  |  

On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. As noted via social media, the team claims they contacted the MPC node operators and… Read More

April 30, 2022 @ 5:48 pm By JD Alois  |  

  It was reported earlier this month that crypto startup Beanstalk was the target of an exploit that saw a theft of up to $180 million in value. Around the time of the Attack, the Bean team stated “We’re engaging all efforts to try to… Read More

January 29, 2022 @ 10:48 am By Omar Faridi  |  

At 9:34PM UTC on January 27, 2022, a bad actor started their exploit of Qubit Finance’s Ethereum (ETH) to Binance Smart Chain (BSC) bridge. As noted in an update from CertiK, this particular exploit “ended up netting them 77,162 qXETH ($185 million), which they then… Read More

December 28, 2021 @ 9:05 am By Omar Faridi  |  

On Thursday, December 9, 2021, a “critical” zero-day exploit was reported in the widely used log4j2 library. The exploit “did not affect the Hedera network,” the platform’s developers claim while noting that “out of an abundance of caution, the Hedera team addressed the issue on… Read More

May 20, 2021 @ 9:17 pm By Omar Faridi  |  

SlowMist, which focuses on blockchain ecosystem security, and has served major digital asset firms such as Huobi, OKEx, Binance, imToken (with around 1,000 commercial customers), has conducted an analysis on the recent PancakeBunny hack. SlowMist Zone had reported that PancakeBunny, the decentralized finance (DeFi) revenue… Read More