Tag: 900K

Balancer protocol exploited for $900K as DeFi hacks mount: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. In this week’s newsletter, Ethereum staking services have agreed upon a 22% limit on all validators to ensure fair markets. August proved to be another costly month for DeFi as several protocols were collectively exploited for $16 million. In separate exploit news, Balancer protocol lost nearly $900,000 due to a vulnerability flagged months ago. Shibarium’s second launch proved more stable as the…

Balancer exploited in nearly $900k after vulnerability warning

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Ethereum automated market maker and decentralized finance protocol Balancer was exploited for nearly $900,000, the protocol confirmed on X (formerly Twitter) on Aug. 27, just days after disclosing a vulnerability that affected several pools. An Ethereum address allegedly belonging to the attacker has been revealed by blockchain security expert Meier Dolev. Following the exploit, the address received two transfers of Dai (DAI) stablecoin worth $636,812 and $257,527, respectively, bringing its total balance to over $893,978. “Balancer is aware of an exploit related to the vulnerability below,” the protocol’s team posted…

Libbitcoin vulnerability leads to $900k theft from Bitcoin wallets

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A vulnerability in the Libbitcoin Explorer 3.x library has led to the theft of over $900,000 from Bitcoin users. Blockchain security firm SlowMist reported the issue. 🚨SlowMist Security Alert🚨 Recently, #Distrust discovered a severe vulnerability affecting cryptocurrency wallets using the #Libbitcoin Explorer 3.x versions. This vulnerability allows attackers to access wallet private keys by exploiting the Mersenne Twister pseudo-random… — SlowMist (@SlowMist_Team) August 10, 2023 It could also affect users of other digital currencies like Ethereum…

Eurovision Winners’ NFT Auction Raises $900K for Charity – Metaverse Bitcoin News

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Kalush Orchestra, the winners of the Eurovision Song Contest 2022, have successfully auctioned off an NFT for charity. The auction was held on MetaHistory — the official Ukrainian charitable NFT museum – and raised $900,000 in cryptocurrency for Ukraine. MetaHistory and Kalush Orchestra’s NFT Charity Auction The largest European crypto exchange originating from Ukraine, WhiteBIT took home the iconic crystal microphone trophy. The auction on the MetaHistory platform raised $900,000 with the Eurovision Song Contest 2022 prize sale. WhiteBIT simultaneously broke two Ukrainian records. They made the most expensive (500…

Over $900K in Bitcoin Went to Child Sexual Abuse Material Providers in 2019, Says Chainalysis

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New York-based blockchain intelligence firm Chainalysis has published its latest analysis of the use of cryptocurrencies to purchase child sexual abuse material (CSAM) on the darknet. In a report shared with Cointelegraph on April 22, Chainlaysis noted that it had traced just under $930,000 worth of Bitcoin (BTC) payments to addresses associated with CSAM providers in 2019. This represents a 32% increase over 2018, which had in turn presented a 212% increase over the previous year. Bitcoin (BTC) payments to CSAM providers, 2015-2020. Source: Chainalysis Nonetheless, Chainalysis emphasized that this…