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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

Decentralized Governance   -   Oct 29, 2022 “Highly Profitable Trading Strategy" or Ordinary Theft?
“Highly Profitable Trading Strategy" or Ordinary Theft?

Hacker Avraham Eisenberg, as part of a team of other hackers, stole more than $100 million from the Solana-trading platform Mango and called it “a highly profitable trading strategy.”

Lending and Borrowing   -   Oct 21, 2022 UPD: Wintermute Keeps Promises

Wintermute promised that everything would be fine with their clients' funds after hack. And, so far, they have kept their promises.

The Story About How Vigilance Saved Money or Why It Is Necessary to Listen to the Community
Bridges and Interoperability   -   Nov 12, 2022 The Story About How Vigilance Saved Money or Why It Is Necessary to Listen to the Community

A Twitter user found an exploit in the BitBTC bridge. But, the developers ignored the user's requests until someone started using the exploit.

Alex Harutunian
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Bridges and Interoperability   -   Nov 12, 2022 The Story About How Vigilance Saved Money or Why It Is Necessary to Listen to the Community
The Story About How Vigilance Saved Money or Why It Is Necessary to Listen to the Community

A Twitter user found an exploit in the BitBTC bridge. But, the developers ignored the user's requests until someone started using the exploit.

Alex Harutunian
Decentralized Governance   -   Oct 29, 2022 “Highly Profitable Trading Strategy" or Ordinary Theft?
“Highly Profitable Trading Strategy" or Ordinary Theft?

Hacker Avraham Eisenberg, as part of a team of other hackers, stole more than $100 million from the Solana-trading platform Mango and called it “a highly profitable trading strategy.”

Alex Harutunian
Lending and Borrowing   -   Oct 21, 2022 UPD: Wintermute Keeps Promises

Wintermute promised that everything would be fine with their clients' funds after hack. And, so far, they have kept their promises.

Alex Harutunian
Exchanges   -   Oct 21, 2022 Binance Lost Money and Sacrificed Decentralization
binance

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 Harutunian
DEX   -   Oct 14, 2022 GMX Loses $500k User Funds in September, Lists Tokens in October
GMX exchange front page

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.

Alex Harutunian
Coins and tokens   -   Oct 11, 2022 Earn $1 Million and Lose It in an Hour
Earn $1 Million and Lose It in an Hour

MEV bot earned more than $1 million on successful arbitrage. But, almost an hour later, a hacker stole all the funds.

Alex Harutunian
Ethereum   -   Oct 06, 2022 Profanity Bug. How to Save Your ETH?
Profanity Bug. How to Save Your ETH?

Profanity - vanity address generator for Ethereum – has a vulnerability that threatens Ethereum users.

Alex Harutunian
Lending and Borrowing   -   Oct 06, 2022 Wintermute Attacked, $160M Snatched
Wintermute Attacked, $160M Snatched

Algorithmic 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 Harutunian
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