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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   -   May 27, 2023 A Bug in Aave V2 on Polygon Has Been Fixed
Aave logo, Polygon logo, Text cloud from the "This is fine" meme

A routine update of interest rate parameters temporarily blocked over $100 million in various assets in the Polygon version of Aave V2.

Coins and tokens   -   May 10, 2023 Hacks, Scams and 114 Meme-Coins
Pepe hacker, total loss summary by CertiK Aler

The crypto industry has lost over $100 million due to scams and hacks. Apart from that, exploiting the recent popularity of meme-coins, someone single-handedly created 114 scam meme tokens.

Tornado Cash logo, hacker
Decentralized Governance   -   Jun 03, 2023 Tornado Hacker Seizes Control, Drains Loot, Votes Control Back to DAO

The hacker relied on users not reading an update proposal that essentially placed the DAO's governance under their personal control

Alex Harutunian
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Decentralized Governance   -   Jun 03, 2023 Tornado Hacker Seizes Control, Drains Loot, Votes Control Back to DAO
Tornado Cash logo, hacker

The hacker relied on users not reading an update proposal that essentially placed the DAO's governance under their personal control

Alex Harutunian
Lending and Borrowing   -   May 27, 2023 A Bug in Aave V2 on Polygon Has Been Fixed
Aave logo, Polygon logo, Text cloud from the "This is fine" meme

A routine update of interest rate parameters temporarily blocked over $100 million in various assets in the Polygon version of Aave V2.

Alex Harutunian
Coins and tokens   -   May 10, 2023 Hacks, Scams and 114 Meme-Coins
Pepe hacker, total loss summary by CertiK Aler

The crypto industry has lost over $100 million due to scams and hacks. Apart from that, exploiting the recent popularity of meme-coins, someone single-handedly created 114 scam meme tokens.

Alex Harutunian
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
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