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Hacks, Bugs and Scams

Hacks, bugs, scams and other things in Moneytech and Web3 that did not go as it was expected

Hacks, Bugs and Scams

Hacks, bugs, scams and other things in Moneytech and Web3 that did not go as it was expected

DEX   -   Apr 22, 2023 SushiSwap Exploit: What Happened?
SushiSwap Exploit: What Happened?

SushiSwap users lost about 1800 ETH, or more than $3 million, as a result of a smart contract vulnerability. Fortunately, most of the funds were recovered.

Adoption Tools   -   Mar 30, 2023 General Bytes Users' Hot Wallets are Compromised Through It's Video Upload Service
General Bytes Users' Hot Wallets are Compromised Through It's Video Upload Service

General Bytes, a Czech based cryptocurrency ATMs manufacturer, lost $1.5 million worth of clients’ crypto in hot wallet hack that used its cloud service. The company has closed the cloud service and promised to reimburse the losses to the victims.

Tether logo and MEV bot.
Coins and tokens   -   Apr 23, 2023 Tether Blacklists Validator Address after $25 Million MEV Bot Hack

In early April, a significant hack targeted MEV bots, resulting in the withdrawal of $25 million through an exploited vulnerability. Tether later took action by blocking the address of the validator responsible for the withdrawal.

Alex Harutunian
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Latest Articles 113 Articles
Coins and tokens   -   Apr 23, 2023 Tether Blacklists Validator Address after $25 Million MEV Bot Hack
Tether logo and MEV bot.

In early April, a significant hack targeted MEV bots, resulting in the withdrawal of $25 million through an exploited vulnerability. Tether later took action by blocking the address of the validator responsible for the withdrawal.

Alex Harutunian
DEX   -   Apr 22, 2023 SushiSwap Exploit: What Happened?
SushiSwap Exploit: What Happened?

SushiSwap users lost about 1800 ETH, or more than $3 million, as a result of a smart contract vulnerability. Fortunately, most of the funds were recovered.

Alex Harutunian
Adoption Tools   -   Mar 30, 2023 General Bytes Users' Hot Wallets are Compromised Through It's Video Upload Service
General Bytes Users' Hot Wallets are Compromised Through It's Video Upload Service

General Bytes, a Czech based cryptocurrency ATMs manufacturer, lost $1.5 million worth of clients’ crypto in hot wallet hack that used its cloud service. The company has closed the cloud service and promised to reimburse the losses to the victims.

Alex Harutunian
Lending   -   Mar 27, 2023 UPD: Euler Finance Hacker Returns around 59,000 Ether

On March 25 the hacker behind Euler Finance’s $197 million exploit returned most of the stolen funds to the protocol.

Alex Harutunian
Lending   -   Mar 23, 2023 UK Court Ordered Oasis to Exploit Own Security Flaw to Recover 120k wETH Stolen in Wormhole Hack
Oasis Wormhole hack counterattack

Around $140 million worth of wrapped ether, stolen last year in a hack on the Wormhole token bridge, has been recovered using a counter-exploit on the Oasis.app vault in which it was being held. A UK court ordered Oasis to carry out the recovery action.

Jack Martin
Lending   -   Mar 22, 2023 Euler Finance $197M Hack
Euler Finance $197M Hack

On March 13th, 2023, the cryptocurrency experienced market turbulence after a hacker made a record-breaking $197 million by exploiting the Euler Finance protocol using flash loans.

Alex Harutunian
Hacks, Bugs and Scams   -   Feb 27, 2023 Hackers Started Scamming Crypto Users with Phishing
Hackers Started Scamming Crypto Users with Phishing

Hackers have decided that using the good old phishing technique in the vastness of Web3 is not a bad idea. This time, ETHDenver suffered, with hundreds of thousands of dollars stolen.

Alex Harutunian
AI   -   Feb 27, 2023 Scam Tokens Attempt to Cash In on Artificial Intelligence Hype - Be Observant
Scam Tokens Attempt to Cash In on Artificial Intelligence Hype - Be Observant

With a certain sense of inevitability, the current explosion of hype around all things AI, initially spurred by the ever-growing buzz around the ChatGPT platform, has started to attract interest from some rather less-welcome parties.

Jack Martin
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