Aevo’s Ribbon Vault Exploit Spurs Backlash Over 19% Payout Plan
A $2.7M oracle hit is one problem for Aevo; a 19% payback cap on a 32% vault loss is another for anyone still underwriting Ribbon risk.
Stay secure in the digital age. This section covers crypto hacks, wallet vulnerabilities, exchange breaches, and blockchain security upgrades. Learn how to protect your assets and understand the threats facing Web3 and DeFi platforms.
A $2.7M oracle hit is one problem for Aevo; a 19% payback cap on a 32% vault loss is another for anyone still underwriting Ribbon risk.
Consob’s MiCAR calendar turns Italy’s once light VASP regime into a license-or-leave decision for crypto platforms.
MetaMask debuts Transaction Shield: a $9.99/mo plan that refunds up to $10K/month if its checks mislabel a malicious tx.
OKX CEO Star Xu offers a 10 BTC reward for proof of a backdoor in OKX Wallet after a 50 ETH theft, inviting global security review.
The Shiba Inu team has frozen 4.6 million BONE after PeckShield pointed out that there was an attack on Shibarium bridge.
Bitcoin whales have sold over $12.75 billion in BTC in the past month, raising fears of further price pressure in the coming weeks.
The decentralized finance sector has witnessed yet another hack, right in the midst of a bull run.
American crypto users missed billions of dollars in potential earnings due to the geoblocking policies.
THORChain reportedly generated $5.5M in transaction fees from the surge in activity linked to the laundering of Bybit’s stolen funds.
North Korea’s Lazarus group, reportedly behind the Bybit hack, has laundered all 499,000 stolen ETH leveraging crypto mixers and DEXs.
Bybit’s Ethereum cold wallet was compromised on February 21, resulting in a $1.46 billion theft linked to North Korea’s state-sponsored Lazarus Group, adding to their multibillion-dollar crypto crime spree.
FBI officially attributes February’s record-breaking $1.5 billion Bybit cryptocurrency hack to North Korean state-sponsored hackers who used sophisticated deception techniques targeting cold storage.
Blockchain analytics firm Elliptic revealed that the Bybit hack is linked to North Korean hackers who laundered the money using over 11,000 wallets.
Hackers breached the platform’s system, stealing USDC stablecoins before swiftly converting them into Ethereum and transferring them to a new wallet.
A session key hack has seen more than $400,000 stolen from Cardex Wallet, hosted on Abstract