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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

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.

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.

Euler Finance $197M Hack
Lending and Borrowing   -   Mar 22, 2023 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
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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
Hacks, Bugs and Scams   -   Jan 23, 2023 UPD: Shiba Inu’s Layer 2 Advertisement Pushed on a Hacked YouTube Crypto Blogger Chanel

We recently wrote about Shibarium – Shiba Inu's Layer 2. In an interesting development of this news is that Shibarium advertisement appeared in two stolen YouTube channels. More than half a million people were subscribed to the channels at the time of the hack.

Alex Harutunian
Staking and LP   -   Jan 18, 2023 Five Balancer Pools Contain an Issue. More Than $6 Million is Under Threat
Five Balancer Pools Contain an Issue. More Than $6 Million is Under Threat

Balancer stated that an issue was found in five of their pools. Developers took actions to reduce risks and eliminate the issue. Balancer asked the liquidity providers of vulnerable pools to withdraw their funds in order to avoid losses.

Alex Harutunian
Bridges and Interoperability   -   Jan 10, 2023 UPD: Nomad exploiter transfers about $1.5M to Tornado Cash

About $1.5 million was transferred from the address associated with the Nomad exploit to the Tornado Cash. Apparently the attackers are trying to cash out the funds.

Alex Harutunian
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