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Hacks, bugs, scams and other things in Moneytech and Web3 that did not go as it was expected
Hacks, bugs, scams and other things in Moneytech and Web3 that did not go as it was expected
GMX, a popular decentralized exchange, was manipulated in September, resulting in a loss of Liquidity Providers’ funds of $565,000. Just after two weeks, GMX successfully listed its tokens on Binance.
MEV bot earned more than $1 million on successful arbitrage. But, almost an hour later, a hacker stole all the funds.
The cross-chain exploit of the BSC Token Hub bridge led to the creation of extra BNB. Binance asked the validators to shut down the BNB Smart Chain (BSC). After the BSC exploit, a hard-fork was performed.
Alex HarutunianThe cross-chain exploit of the BSC Token Hub bridge led to the creation of extra BNB. Binance asked the validators to shut down the BNB Smart Chain (BSC). After the BSC exploit, a hard-fork was performed.
Alex HarutunianGMX, a popular decentralized exchange, was manipulated in September, resulting in a loss of Liquidity Providers’ funds of $565,000. Just after two weeks, GMX successfully listed its tokens on Binance.
Alex HarutunianMEV bot earned more than $1 million on successful arbitrage. But, almost an hour later, a hacker stole all the funds.
Alex HarutunianProfanity - vanity address generator for Ethereum – has a vulnerability that threatens Ethereum users.
Alex HarutunianAlgorithmic market maker in digital assets – Wintermute – has been hacked. Hackers used a vulnerability in the wallet used for DeFi proprietary trading operations and stole $160M.
Alex HarutunianBack in March, the Ronin network was breached, causing losses estimated above $600 million. At the time of the event, Sky Mavis only had 9 validator nodes; now, they have 18, including Google Cloud, to prevent another incident like this.
Alex HarutunianDue to the exploit in Acala’s liquidity pool about $3 billion was lost. The aUSD stablecoin lost its peg. Later, almost all the funds were returned in a controversial way.
Alex HarutunianNorth Korean group of hackers, Lazarus, attacked deBridge. The human factor has become a vulnerability again.
Alex Harutunian