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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

NFT   -   Aug 13, 2023 Rage Against The Machine: NFT Trader Tricks Bot Out of 800 ETH
Rage Against The Machine: NFT Trader Tricks Bot Out of 800 ETH

An NFT trader tricked a copy-trading bot into overpaying for several Azuki collectibles. But did he do anything legally or morally wrong?

Stablecoins   -   Aug 04, 2023 Tether Blacklists Account Preventing $20M Loss Through Hacking Scheme
Tether Blacklists Account Preventing $20M Loss Through Hacking Scheme

As Tether again stopped a scam in its tracks by blacklisting a hacker’s account, users are reminded about the powers they hand to centralized money issuers.

Prime Trust crypto custody keys lost bankrupt Nevada court
Adoption Tools   -   Aug 18, 2023 Prime Trust Files for Bankruptcy After Crypto Custody Fail

Crypto custodian holding hundreds of millions of clients' digital assets goes bankrupt as a result of crypto key mismanagement. As often happens in the crypto world, the story may continue to develop.

Alex Harutunian
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Latest Articles 103 Articles
Adoption Tools   -   Aug 18, 2023 Prime Trust Files for Bankruptcy After Crypto Custody Fail
Prime Trust crypto custody keys lost bankrupt Nevada court

Crypto custodian holding hundreds of millions of clients' digital assets goes bankrupt as a result of crypto key mismanagement. As often happens in the crypto world, the story may continue to develop.

Alex Harutunian
NFT   -   Aug 13, 2023 Rage Against The Machine: NFT Trader Tricks Bot Out of 800 ETH
Rage Against The Machine: NFT Trader Tricks Bot Out of 800 ETH

An NFT trader tricked a copy-trading bot into overpaying for several Azuki collectibles. But did he do anything legally or morally wrong?

Eva Senzaj Pauram
Stablecoins   -   Aug 04, 2023 Tether Blacklists Account Preventing $20M Loss Through Hacking Scheme
Tether Blacklists Account Preventing $20M Loss Through Hacking Scheme

As Tether again stopped a scam in its tracks by blacklisting a hacker’s account, users are reminded about the powers they hand to centralized money issuers.

Eva Senzaj Pauram
DEX   -   Aug 01, 2023 Curve Finance Hack Exposes Ongoing Structural Issues In DeFi
Curve Hack 2023 50 mln

Automatic crypto exchange Curve was hacked and $50 million stolen. DeFi markets are experiencing massive volatility.

Alex Harutunian
Bridges and Interoperability   -   Jul 07, 2023 $100M+ and the CEO Missing: Things Aren’t Looking Great For Multichain
$100M+ and the CEO Missing: Things Aren’t Looking Great For Multichain

Multichain saw significant outflows yesterday causing fears of an exploit, as the team urged users to revoke all contracts until further notice. Meanwhile, CEO Zhaojun hasn’t been seen since the end of May, with rumors at the time suggesting he may have been arrested in China.

Jack Martin
Lending and Borrowing   -   Jun 14, 2023 DeFi Lending Protocol Sturdy Finance Hacked Using Vulnerability in Another DeFi Project, Balancer
hacker, BlockSec's screenshot of code, Sturdy Finance l

Another DeFi lending protocol has become the victim of hackers as Sturdy Finance lost more than $760,000 worth of users' assets. Is something broken in DeFi lending?

Alex Harutunian
Adoption Tools   -   Jun 10, 2023 Atomic Wallet: Your Keys - Your Losses
Atomic Wallet: Your Keys - Your Losses

Over $35 million worth of user funds were lost in the recent Atomic Wallet hack, the mechanics of which is yet to be investigated. The traces of the laundered assets lead to the Lazarus group.

Alex Harutunian
Adoption Tools   -   Jun 08, 2023 Ledger Stumbled, Trezor Mumbled: Hardware Wallet Troubles
Ledger Stumbled, Trezor Mumbled: Hardware Wallet Troubles

The top hardware wallets Ledger and Trezor are among the strongest advocates for the self-custody of assets. Is absolute self-custody actually possible though?

Alex Harutunian
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