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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

Stablecoins   -   Aug 23, 2022 Liquidity Pool Exploit Led to Acala USD Depeg
a USD price chart. Source: Coinmarketcap

Due 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.

Bridges and Interoperability   -   Aug 18, 2022 Lazarus Vainly Attacked deBridge

North Korean group of hackers, Lazarus, attacked deBridge. The human factor has become a vulnerability again.

Google Could Team Up with Sky Mavis to Prevent Another Ronin Hack
L2   -   Sep 20, 2022 Google Could Team Up with Sky Mavis to Prevent Another Ronin Hack

Back 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 Harutunian
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L2   -   Sep 20, 2022 Google Could Team Up with Sky Mavis to Prevent Another Ronin Hack
Google Could Team Up with Sky Mavis to Prevent Another Ronin Hack

Back 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 Harutunian
Stablecoins   -   Aug 23, 2022 Liquidity Pool Exploit Led to Acala USD Depeg
a USD price chart. Source: Coinmarketcap

Due 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 Harutunian
Bridges and Interoperability   -   Aug 18, 2022 Lazarus Vainly Attacked deBridge

North Korean group of hackers, Lazarus, attacked deBridge. The human factor has become a vulnerability again.

Alex Harutunian
Bridges and Interoperability   -   Aug 08, 2022 People Get Mad, Thanks To Nomad: $150 Million Bridge Exploit
 Nomad

More than $150 million in various tokens has vanished due to an exploit in the cross-chain bridge Nomad.

Alex Harutunian
NFT   -   Aug 05, 2022 Web3 Streaming Platform Audius Hacked For $6M
audius

Thanks to the bug in the contract initialization code, the hacker succeeded in stealing 18 billion $AUDIO tokens, which at the time of the theft amounted to more than $6 million.

Alex Harutunian
Bridges and Interoperability   -   Jul 21, 2022 Polygon and Fantom Blockchain Networks Attacked

On Friday, July 1st, blockchain networks Polygon and Fantom were subjected to a DNS attack. No information about the stolen funds has been released yet.

Alex Harutunian
Bridges and Interoperability   -   Jul 10, 2022 Disharmony in Harmony: Another Attack On Bridges

Harmony’s Horizon Bridge — the L1 blockchain’s main bridge between Ethereum, Binance Chain and Bitcoin — hacked for $100M.

Alex Harutunian
L1   -   Jun 10, 2022 Solana Can’t Get Rid of the Problems

Block production on Solana Mainnet Beta has halted. This was proclaimed on Twitter by Solana Status.

Alex Harutunian
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