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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

Exchanges   -   Jun 21, 2024 CertiK Hacks Kraken: Funds Returned, But Questions Remain
certik hacks kraken

Although CertiK claims this was a white hat operation, how the incident was reported and the vulnerability tested raises many questions about its security auditing practices.

L1   -   Jun 11, 2024 Solana Removes Validators Involved in Sandwich Attacks on Users
Solana Validators involved in MEV attacks

These attacks inflate asset prices to give users a poor exchange rate while profiting the validators.

mt.gox screenshot
Exchanges   -   Jun 25, 2024 Mt.Gox Repayments Detailed: Already On the Way, Bringing With it Market Turbulence

After the publication of a notice regarding the commencement of repayments, the BTC price fell below $61,000. The release of 140,000 BTC might distort the market if the creditors opt to sell.

Sasha Markevich
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Exchanges   -   Jun 25, 2024 Mt.Gox Repayments Detailed: Already On the Way, Bringing With it Market Turbulence
mt.gox screenshot

After the publication of a notice regarding the commencement of repayments, the BTC price fell below $61,000. The release of 140,000 BTC might distort the market if the creditors opt to sell.

Sasha Markevich
Exchanges   -   Jun 21, 2024 CertiK Hacks Kraken: Funds Returned, But Questions Remain
certik hacks kraken

Although CertiK claims this was a white hat operation, how the incident was reported and the vulnerability tested raises many questions about its security auditing practices.

Alexander Mardar
L1   -   Jun 11, 2024 Solana Removes Validators Involved in Sandwich Attacks on Users
Solana Validators involved in MEV attacks

These attacks inflate asset prices to give users a poor exchange rate while profiting the validators.

Alexander Mardar
DEX   -   Jun 03, 2024 Commercial Decentralization: Halt Blockchain In Case Of An Application Hack
Linea halted because of Velocore hack

The hacker exploited a flaw within the Velocore DEX market maker pool contract. The attack led to Linea blockchain halting block production, sparking debate in the community about the principles of decentralization.

Alexander Mardar
Coins and tokens   -   May 18, 2024 Ex-Employee Manipulates Bonding Curves to Hack Pump.fun for $1.9M
Pump fun hack

The attacker used service accounts to drain the project’s bonding curve contracts. The platform quickly restored its services and promised to reimburse affected users.

Alexander Mardar
Regulation   -   Apr 29, 2024 U.K. Clamps Down on Crypto Criminals. Will It Work?
U.K. Clamps Down on Crypto Criminals. Will It Work?

Plans to burn ill-gotten crypto that can't be returned to victims — instead of dumping it on the market — is attracting praise from some corners of the industry.

Observers
L1   -   Apr 08, 2024 Under the Hood of Solana. Is the 'Number One App Chain' Broken?
Solana broke

Failed transactions on Solana are rising as the blockchain’s stack struggles to accommodate mounting network activity.

Eva Senzaj Pauram
Staking and LP   -   Apr 04, 2024 A Very Messy Exit: Bug Locks $24.4 Million in Lido's Discontinued Solana Staking
Lido Solana staking bug

Five months after ending its Solana staking service, Lido faces a new hurdle: a suspected bug in the withdrawal mechanism is hindering users' ability to withdraw their stSOL funds.

Mathilde Adam
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