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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   -   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.

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.

General Bytes Users' Hot Wallets are Compromised Through It's Video Upload Service
Adoption Tools   -   Mar 30, 2023 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
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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
Lending and Borrowing   -   Mar 22, 2023 Euler Finance $197M Hack
Euler Finance $197M Hack

On March 13th, 2023, the cryptocurrency experienced market turbulence after a hacker made a record-breaking $197 million by exploiting the Euler Finance protocol using flash loans.

Alex Harutunian
Hacks, Bugs and Scams   -   Feb 27, 2023 Hackers Started Scamming Crypto Users with Phishing
Hackers Started Scamming Crypto Users with Phishing

Hackers have decided that using the good old phishing technique in the vastness of Web3 is not a bad idea. This time, ETHDenver suffered, with hundreds of thousands of dollars stolen.

Alex Harutunian
AI   -   Feb 27, 2023 Scam Tokens Attempt to Cash In on Artificial Intelligence Hype - Be Observant
Scam Tokens Attempt to Cash In on Artificial Intelligence Hype - Be Observant

With a certain sense of inevitability, the current explosion of hype around all things AI, initially spurred by the ever-growing buzz around the ChatGPT platform, has started to attract interest from some rather less-welcome parties.

Jack Martin
NFT   -   Feb 03, 2023 Moonbirds Creator Kevin Rose Had His Wallet Hacked for Over $1M
Moonbirds Creator Kevin Rose Had His Wallet Hacked for Over $1M

Kevin Rose, founder of the NFT collection Moonbirds, had his wallet hacked. Rose’s estimated losses may exceed $1 million.

Alex Harutunian
Metrics and Signals   -   Jan 26, 2023 Major Web3 Security Incidents in 2022
Major Web3 Security Incidents in 2022

Crypto markets witnessed 167 major security incidents that resulted in over $13.7 billion losses in 2022.

Alex Harutunian
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