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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

Adoption Tools   -   Oct 06, 2023 Friend.tech Clone Hit With Non-Profitable Exploit in Revenge Attack?
Friend.tech tiger

In its under two months of existence, Friend.tech has pumped, died and been revived, then been cloned, hacked, and the clone reportedly hacked at a loss to protect its monopoly. Safe to say that our original skepticism towards the project is yet to have softened.

Ethereum   -   Oct 02, 2023 Ethereum's Holesky Testnet Relaunches Successfully After Initial Hiccup
Ethereum relaun

Ethereum's Holesky testnet, designed to replace the outdated Goerli, was relaunched successfully after an initial setback. Despite challenges, Ethereum's diverse development community remains robust, ensuring its competitive edge in the blockchain space.

Key Lightning Network Developer Quits Over Newfound Vulnerability
L2   -   Oct 23, 2023 Key Lightning Network Developer Quits Over Newfound Vulnerability

The vulnerability could allegedly impact multiple applications. With no immediate fix on the horizon, the Lightning Network community may face significant challenges ahead.

Alexander Mardar
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L2   -   Oct 23, 2023 Key Lightning Network Developer Quits Over Newfound Vulnerability
Key Lightning Network Developer Quits Over Newfound Vulnerability

The vulnerability could allegedly impact multiple applications. With no immediate fix on the horizon, the Lightning Network community may face significant challenges ahead.

Alexander Mardar
Adoption Tools   -   Oct 06, 2023 Friend.tech Clone Hit With Non-Profitable Exploit in Revenge Attack?
Friend.tech tiger

In its under two months of existence, Friend.tech has pumped, died and been revived, then been cloned, hacked, and the clone reportedly hacked at a loss to protect its monopoly. Safe to say that our original skepticism towards the project is yet to have softened.

Jack Martin
Ethereum   -   Oct 02, 2023 Ethereum's Holesky Testnet Relaunches Successfully After Initial Hiccup
Ethereum relaun

Ethereum's Holesky testnet, designed to replace the outdated Goerli, was relaunched successfully after an initial setback. Despite challenges, Ethereum's diverse development community remains robust, ensuring its competitive edge in the blockchain space.

Alexander Mardar
Hacks, Bugs and Scams   -   Sep 26, 2023 Mixin Network's $200M Loss Highlights Blockchain Centralization Risks
Mixin Network's $200M Loss Highlights Blockchain Centralization Risks

Mixin Network faced a $200 million loss due to a cyberattack on its cloud provider. The incident underscores the risks of blockchains’ reliance on centralized infrastructure.

Alexander Mardar
Hacks, Bugs and Scams   -   Sep 17, 2023 North Korea Crypto Hackers Have A Safe Haven in Mother Russia
North Korea Crypto Hackers Have A Safe Haven in Mother Russia

As relations between the Russia and North Korean governments continue to cosy up, a Chainalysis investigation has found that since 2021, Russian crypto exchanges have been laundering stolen crypto used to fund the DPRK nuclear arms program.

Eva Senzaj Pauram
Ethereum   -   Sep 13, 2023 After Vitalik Twitter Hack, Does Crypto Rely on Social Media Too Much?
Buterin Twitter Hack Ben Armstong X

Vitalik Buterin’s account on the X social media platform was recently hacked, and $691K stolen from unsuspecting followers. In June Bitboy Crypto’s account was similarly compromised, leading to followers losing $760K of funds. Is there something about the nature of crypto that attracts such scams?

Jack Martin
Coins and tokens   -   Aug 29, 2023 Frog Days Over? PEPE Price Nosedives As Team Members Dump $15M
Frog Days Over? PEPE Price Nosedives As Team Members Dump $15M

$PEPE price is in freefall after 60% of the team account’s funds were sold. One co-founder blames team members for pulling the rug on the project, but the community is finding it hard to believe his story.

Eva Senzaj Pauram
Bridges and Interoperability   -   Aug 28, 2023 $1.5 Billion Multichain Exit-Scam Allegedly Enforced By Chinese Police
China Multichain He

$1.5 billion of assets still locked in the Multichain protocol have reportedly been confiscated by Chinese police as part of a money-laundering investigation. However, one source suggests that this is just the latest face of police embezzlement in the country.

Jack Martin
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