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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

Lending and Borrowing   -   Apr 28, 2023 Hundred Finance Hacked for $7 million
Hundred Finance and Optimism logos

Multi-chain lending protocol Hundred Finance has been hacked. The hacker drained the protocol by manipulating the loan-to-collateral security mechanism.

Exchanges   -   Apr 27, 2023 Bitrue Hot Wallet Exploit
Bitrue logo and hacker

The Bitrue cryptocurrency exchange had one of its hot wallets compromised. About $23 million was lost as a result.

MetaMask logo, Trust Wallet logo, Wallet with fire emoji
Adoption Tools   -   May 01, 2023 Someone is Silently Draining Small Crypto Balances from Private Wallets — Crypto Whistleblower

MetaMask partner company revealed an ongoing crypto wallet raiding scheme that resulted in more than $10 million worth of crypto stolen. Because the hackers targeted wallets with relatively small balances and activity, they managed to remain unnoticed for several months.

Alex Harutunian
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Adoption Tools   -   May 01, 2023 Someone is Silently Draining Small Crypto Balances from Private Wallets — Crypto Whistleblower
MetaMask logo, Trust Wallet logo, Wallet with fire emoji

MetaMask partner company revealed an ongoing crypto wallet raiding scheme that resulted in more than $10 million worth of crypto stolen. Because the hackers targeted wallets with relatively small balances and activity, they managed to remain unnoticed for several months.

Alex Harutunian
Lending and Borrowing   -   Apr 28, 2023 Hundred Finance Hacked for $7 million
Hundred Finance and Optimism logos

Multi-chain lending protocol Hundred Finance has been hacked. The hacker drained the protocol by manipulating the loan-to-collateral security mechanism.

Alex Harutunian
Exchanges   -   Apr 27, 2023 Bitrue Hot Wallet Exploit
Bitrue logo and hacker

The Bitrue cryptocurrency exchange had one of its hot wallets compromised. About $23 million was lost as a result.

Alex Harutunian
Coins and tokens   -   Apr 23, 2023 Tether Blacklists Validator Address after $25 Million MEV Bot Hack
Tether logo and MEV bot.

In early April, a significant hack targeted MEV bots, resulting in the withdrawal of $25 million through an exploited vulnerability. Tether later took action by blocking the address of the validator responsible for the withdrawal.

Alex Harutunian
DEX   -   Apr 22, 2023 SushiSwap Exploit: What Happened?
SushiSwap Exploit: What Happened?

SushiSwap users lost about 1800 ETH, or more than $3 million, as a result of a smart contract vulnerability. Fortunately, most of the funds were recovered.

Alex Harutunian
Adoption Tools   -   Mar 30, 2023 General Bytes Users' Hot Wallets are Compromised Through It's Video Upload Service
General Bytes Users' Hot Wallets are Compromised Through It's Video Upload Service

General Bytes, a Czech based cryptocurrency ATMs manufacturer, lost $1.5 million worth of clients’ crypto in hot wallet hack that used its cloud service. The company has closed the cloud service and promised to reimburse the losses to the victims.

Alex Harutunian
Lending and Borrowing   -   Mar 27, 2023 UPD: Euler Finance Hacker Returns around 59,000 Ether

On March 25 the hacker behind Euler Finance’s $197 million exploit returned most of the stolen funds to the protocol.

Alex Harutunian
Lending and Borrowing   -   Mar 23, 2023 UK Court Ordered Oasis to Exploit Own Security Flaw to Recover 120k wETH Stolen in Wormhole Hack
Oasis Wormhole hack counterattack

Around $140 million worth of wrapped ether, stolen last year in a hack on the Wormhole token bridge, has been recovered using a counter-exploit on the Oasis.app vault in which it was being held. A UK court ordered Oasis to carry out the recovery action.

Jack Martin
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