The decentralized finance (DeFi) space has once again come under the spotlight after another hack or exploit took place. This time, approximately $25 million worth of Ethereum-based stablecoins were stolen. While this is not the largest hack in crypto history, this has already been branded as notable as the project that was exploited was Harvest […]

For many, yield farming has been a profitable activity: there have been stories of users turning small accounts into a large amount of capital, simply by swapping from projects like Yam Finance and SushiSwap. But, for some, it’s been rather unprofitable. Alex Manuskin, a researcher at crypto wallet startup ZenGo, recently noted that a user […]

Late last week, KuCoin, a notable Singapore-based exchange known for its large offering of altcoins, bit the dust. Blockchain analysts recorded a series of suspicious withdrawals from the company’s hot wallets that suggested the crypto exchange was hacked. Around eight hours after the withdrawals, it was revealed that a hack had happened, through which millions […]

Ethereum Classic (ETC) Labs — the code maintainer and non-profit behind the Ethereum fork — announced its partnership with two cybersecurity firms to prevent the repeated 51% attacks that the Ethereum Classic network suffers from. Repowering Ethereum Classic In a blog post, the ETC Labs said the ETC Core Dev Team and itself were partnering […]

A new cybersecurity report said privacy protocol Monero was used in most of the cryptojacking attacks traced this year. The cryptocurrency remains one of the most-used among illicit groups due to its strong privacy-features, one that even the US Security and Exchange Commission is trying to break into. Monero emerges on top Titled “Attacks in […]

Blockchain protocol bZx suffered a hack early Monday, with hackers making away with almost $8 million in various cryptocurrencies before the vulnerability was patched. bZx hit thrice bZx is a decentralized margin lending protocol & liquidation oracle marketplace on the Ethereum blockchain. Its protocol allows users to deploy smart contracts atop Ethereum to lend and […]

Crypto firm ShapeShift filed a civil action against a former employee of its engineering team who allegedly stole over 90 Bitcoin from company accounts, court documents show. Employee steals Bitcoin over six months Azamat Mukhiddinov, a former senior software engineer hired by ShapeShift in August 2018, was accused by his ex-employer to have installed an […]

Coinbase will delay all Ethereum Classic (ETC) transactions after the network suffered two 51% attacks last week, with hackers stealing millions in ETC. The San Francisco-based exchange said on a tweet the confirmation time for ETC sent to Coinbase and Coinbase Pro is now set at 2 weeks after the recent network attacks. It added […]

Ethereum Classic (ETC), the fork or version of the Ethereum protocol that didn’t freeze the funds of the infamous DAO hack, has been under the spotlight over the past week. At the end of July and the start of August, there was some discussion of a 51% attack on the blockchain. a 51% attack is […]

Dogecoin’s usecases have seemingly evolved over time. The meme coin was initially created as a joke in 2014, turned into one of the hottest cryptocurrencies in 2015, became Elon Musk’s favorite in 2018, and was part of a TikTok challenge in 2020. But things have taken a darker turn for the currency; hackers are now […]