#peckshield

Ongoing exploit drains $11.6 million from Verus-Ethereum bridge: Blockaid

Peckshield flagged that the Verus-Ethereum bridge has been drained for 103.6 tBTC, 1,625 ETH, and 147,000 USDC.

On-chain data shows the $4.5 million was first transferred from the Kraken crypto exchange, before eventually arriving at an address purportedly owned by a scammer.

RocketSwap Labs plans on reaching out to the exploiter on-chain, who stole an estimated $865,000 from the protocol on Aug. 14.

The rise of the Pepe coin (PEPE) has brought in a series of meme coin scams over the past few days, stealing thousands of US dollars from investors in a rug pull attempt. According to a recent tweet by the…

Blockchain security firm PeckShield identified a hack that allowed an attacker to mint over 1 quadrillion Yearn Tether and then swap it for other stablecoins worth $11.6M. The attacker also managed to transfer 1,000 ETH to the cryptocurrency mixer Tornado Cash. DeFi protocols Yearn.finance and Aave have confirmed that their current contracts and protocols were not affected by the exploit. (Read…

Allbridge was reportedly the victim of the most recent theft to sweep the industry, with Peckshield, a blockchain security company, claiming that $570,000 was stolen from the cross-chain protocol. The theft of $282,889 in Binance USD and $290,868 in Tether USDT was discovered on April 1 and reported by Peckshield to Allbridge. The company claims that the hacker stole $570,000 in cryptocurrency by…

Allbridge offered a hacker who pilfered $573,000 from its platform a chance to come forward as a white hat and forgo any legal ramifications.

The hacker has other associated wallets that have also shifted funds to privacy networks such as Aztec.