DeFi

Pierluigi Paganini July 04, 2023
Hackers stole millions of dollars worth of crypto assets from Poly Network platform

Poly Network platform suspended its services during the weekend due to a cyber attack that resulted in the theft of millions of dollars in crypto assets. Threat actors have stolen millions of dollars worth of crypto assets from the Poly Network platform during the weekend. The platform suspended its services due to the cyber attack […]

Pierluigi Paganini September 09, 2022
$30 Million worth of cryptocurrency stolen by Lazarus from Axie Infinity was recovered

US authorities recovered more than $30 million worth of cryptocurrency stolen by the North Korea-linked Lazarus APT from Axie Infinity. A joint operation conducted by enforcement and leading organizations in the cryptocurrency industry allowed to recover more than $30 million worth of cryptocurrency stolen by North Korean-linked APT group Lazarus from online video game Axie […]

Pierluigi Paganini August 30, 2022
Crooks are increasingly targeting DeFi platforms to steal cryptocurrency

The U.S. FBI warns investors that crooks are increasingly exploiting security issues in Decentralized Finance (DeFi) platforms to steal cryptocurrency. The U.S. Federal Bureau of Investigation (FBI) published a Public Service Announcement (PSA) to warn investors that cybercriminals are increasingly exploiting security flaws in Decentralized Finance (DeFi) platforms to steal cryptocurrency. Threat actors are exploiting […]

Pierluigi Paganini May 01, 2022
Hackers stole +80M from DeFi platforms Rari Capital and Fei Protocol

Threat actors exploited a bug in the Fuse protocol used by DeFi platforms Rari Capital and Fei Protocol and stole more than $80 million. Threat actors stole more than $80 million from the decentralized finance (DeFi) platforms Rari Capital and Fei Protocol on Saturday. Researchers from smart contract analysis firm Block Sec reported that attackers […]

Pierluigi Paganini April 19, 2022
Crooks steal $182 million from Beanstalk DeFi platform

Credit-based stablecoin protocol Beanstalk discloses a security breach that resulted in the loss of all of its $182 million. The decentralized, credit-based finance system Beanstalk suffered a security breach that resulted in financial losses of $182 million. Researchers at blockchain analysis firm PeckShield reported that the attackers have stolen $80 M for the hacker. PeckShield first reported […]

Pierluigi Paganini January 02, 2022
Crypto security breaches cause $4.25 billion losses worth of cryptos in 2021

According to a report published by Invezz, the number of crypto security breaches increased by up 850% in the last decade. The cyberattacks against the cryptocurrency industry are a profitable business for threat actors, according to the experts, $12.1 billion worth of cryptocurrencies have been stolen in the last decade. In 2021 we observed a […]

Pierluigi Paganini November 06, 2021
Threat actors stole $55 million worth of cryptocurrency from bZx DeFi platform

DeFi platforms are a privileged target for crooks, threat actors have stolen $55 million from bZx DeFi platform. Threat actors have stolen $55 million worth of cryptocurrency from the bZx decentralized finance (DeFi) platform. The decentralized finance (DeFi) platforms allow users to borrow/loan and speculate on cryptocurrency price variations. Attackers obtained two private keys for […]

Pierluigi Paganini October 28, 2021
Crooks steal $130 million worth of cryptocurrency assets from Cream Finance

Threat actors have stolen $130 million worth of cryptocurrency assets from the Cream Finance decentralized finance (DeFi) platform. C.R.E.A.M. Finance is a decentralized lending protocol for individuals, institutions and protocols to access financial services. It promises earnings to users who are passively holding ETH or wBTC. Threat actors have stolen $130 million worth of cryptocurrency […]

Pierluigi Paganini August 31, 2021
Threat actors stole $29 million worth of crypto assets from Cream Finance

Crooks have stolen more than $29 million in cryptocurrency assets from Cream Finance, a decentralized finance (DeFi) platform. Threat actors have stolen more than $29 million in cryptocurrency assets from Cream Finance, a decentralized finance (DeFi) platform. C.R.E.A.M. Finance is a decentralized lending protocol for individuals, institutions and protocols to access financial services. It promises […]