Cypher announces recovery plan, says it will ‘socialize’ losses in initial stage
Cypher announced that losses from its exploit will be distributed among users in an initial stage, then compensated through protocol revenue when the platform relaunches.This post was originally published on this site
Multichain victims search for answers in $1.5B exploit as new evidence emerges
Chinese police may have busted Multichain in a money laundering investigation, but many questions remain, including its CEO’s alleged fake ID. This post was originally published on this site
Base project RocketSwap shares emergency plan following $865K exploit
RocketSwap Labs plans on reaching out to the exploiter on-chain, who stole an estimated $865,000 from the protocol on Aug. 14.This post was originally published on this site
Weekend Wrap: Uniswap dev sacked for alleged rug, Steadefi hacker goes mixing and more
Uniswap developer AzFlin has admitted to creating the FRENS token but has argued what he did doesn’t constitute a rug pull.This post was originally published on this site
Newly discovered Bitcoin wallet loophole let hackers steal $900K — SlowMist
A series of attacks drained the wallets of BTC users by exploiting a faulty random seed generation algorithm.This post was originally published on this site
Curve emergency DAO terminates rewards for hack-related pools
The Curve emergency DAO removed CRV rewards for alETH, msETH, pETH, crvCRVETH, Arbitrum Tricrypto and multiBTC pools.This post was originally published on this site
Multichain Executor has been ‘draining’ AnySwap tokens: Report
The contract has used an “anySwapFeeTo” function to transfer hundreds of thousands of dollars worth of tokens to itself, which on-chain sleuth Spreek suspected may have been malicious.This post was originally published on this site
Multichain’s ‘mysterious withdrawals’ have whiffs of a ‘rug pull’ — Chainalysis
Chainalysis told Cointelegraph that they were “describing it as a possible rug pull,” based on an analysis of Multichain’s spurious transactions and internal problems.This post was originally published on this site
Arcadia Finance hacker used reentrancy exploit, team demands return of funds
In a post-mortem report, Arcadia Finance developers said an attacker stole funds by liquidating a vault before it could perform a health check, interrupting the app’s normal flow of operations.This post was originally published on this site
Poly Network urges users to withdraw after exploit affects 57 crypto assets
The Poly Network has been exploited again, this time due to compromised private keys according to blockchain security firm Dedaub.This post was originally published on this site