Abracadabra Drained of $13M in Exploit Targeting Cauldrons Tied to GMX Liquidity Tokens
The attack targeted pools tied to GMX liquidity tokens, specifically “cauldrons” using GM tokens as collateral.
Exploits
Extremely Unlikely WazirX Customers Will Be Made Whole in Crypto Terms: Legal Advisers
It is extremely unlikely that WazirX customers will be made whole in crypto terms through the restructuring, legal advisers of the Indian cryptocurrency exchange said.
WazirX to Phase In Indian Rupee Withdrawals Starting Aug. 26
Users of the Indian crypto exchange will be able to take out up to 66% of their rupee funds in two phases following a suspension instituted after last month’s $230 million dollar hack.
Defi Hacks Remain a Major Threat Despite 50% Decline in 2023: Halborn
Decentralized finance (DeFi) hacks remain a major threat to the industry despite a reduction in the amount stolen in 2023, according to blockchain security firm Halborn.
WazirX Hack Sends SHIB, WRX Tumbling as Bitcoin, Tether Trade at Massive Discount
Most coins, including market leader bitcoin and USDT, are trading at a significant discount on WazirX.
Crypto Now Has a ‘Neighborhood Watch’ to Guard Against Hacks
Justine Bone, a cybersecurity firebrand whose research led to recalls of half a million faulty pacemakers, leads the new information-sharing and analysis center for crypto firms.
Your Crypto Project Needs a Sheriff, Not a Bounty Hunter
Avi Eisenberg’s centi-million dollar exploit of the decentralized Mango Markets trading platform revealed the perverse incentives of bug bounties.
The Munchables Hack Is Way Worse Than It Seems
Apparently orchestrated from North Korea, the $63 million hack adds grist to the argument that crypto exploits pose a plausible national security risk.
Fantom Seeks Money Back From Multichain’s $200M Exploit
The move aims to enable victims to “partially recover” assets lost in one of the biggest exploits of 2023.
Binance Freezes $4.2M in XRP Tokens Stolen From Ripple Executive’s Wallet
Over $120 million in XRP was stolen from Ripple Labs Executive Chairman Chris Larsen earlier this week.