KuCoin’s Twitter account was hacked, and the exchange promises to reimburse victims. The malicious breach lasted approximately 45 minutes in the early hours of April 24, causing victims to lose $22,628. Keynotes KuCoin, a renowned cryptocurrency exchange, claimed in a Twitter thread that an unknown hacker provided a false giveaway link, supported by a phishing…
Lending and Borrowing Protocol Ordinals Finance conducted a $1 million rug pull, blockchain security firm CertiK reported. Following the disclosure of the suspected exit scam, the DeFi protocol appears to have erased its social media presence. Keynote Ordinals Finance, an Ethereum-based decentralized finance (DeFi) platform that allows users to undertake lending and borrowing services, has…
Lending Protocol, Hundred Finance hacked on Optimism, suffers $7M loss. The lending protocol has suffered a severe security breach on the Optimism layer-2 scaling solution. Keynote Hundred Finance is a multi-chain lending protocol based on the veHND model that connects with Chainlink oracles to ensure market health and stability. On the Optimism layer-2 scaling solution,…
Bitrue Exchange suffers a $23M hack due to a hot wallet exploit. The hackers were able to withdraw assets worth about $23M in cryptocurrencies. Keynotes Crypto hot wallets aside from their convenience have proven to be a less safe way of securing users’ funds seeing as how they’re connected to the internet. Most crypto exchange…
GDAC suspends deposits and withdrawals amidst a $13M hack. During the early hours of April 9, the Korea-based crypto exchange was hacked for roughly $13 million in digital assets. Keynotes On April 9, the exchange’s team informed its users that hackers had exploited the Gdac Hot Wallet and transferred significant amounts of cryptocurrency to an…
SushiSwap is a critical player in the decentralized finance (DeFi) ecosystem, known for its innovative and streamlined services. However, as of this morning, SushiSwap DEX was exploited For $3.3M. Thus this latest exploit has cast doubt on the platform’s security. Key Facts According to a tweet from PeckShield, a smart contract on the decentralized finance…
Decentralized Finance (DeFi) is gaining mainstream adoption as more individuals have resorted to utilizing its products and services, which include interaction with centralized exchanges. Biggest cryptocurrency hacks, are on a rise and are a barrier to DeFi adoption. From 2011 – 2020, users lost over $28.7 billion due to hacking attacks on crypto exchanges. Thus,…