#defi exploits

Alphapo hackers have escalated their attacks on the payments provider, and recent reports suggest the havoc they wreaked has surpassed a staggering $60 million in losses. This updated figure comes from the diligent on-chain sleuth, ZachXBT, who has closely monitored the situation. Initially, the reported damages were around $31 million, but as investigations unfolded, the scope of the hack became…

Crypto theft and exploits took center stage in April, leaving investors reeling from the staggering $103.7 million in funds lost to cybercriminals, according to the latest report from CertiK.  The month was marked by a wave of security breaches and fraudulent activities, culminating in a total year-to-date loss of $430 million.  As the crypto industry continues to grapple with mounting security…

Fantom Network Launches Automated Smart Contract Audit System Watchdog to Monitor for Bugs

On October 27, the Fantom Foundation announced a collaboration with the security and analysis platform Dedaub in order to bolster Fantom’s decentralized finance (defi) ecosystem. Dedaub’s monitoring system called Watchdog will monitor smart contracts on the Fantom blockchain for exploits and buggy code. Fantom Looks to Curb Defi Exploits With Watchdog Monitoring System The Fantom blockchain aims…

Barely halfway and October’s the ‘biggest month’ in crypto hacks: Chainalysis

While 2021 was the biggest year on record for crypto hacks, 2022 could “likely” beat the record “at this rate” according to Chainalysis.