Enlarge (credit: Getty Images) This is a story about how a simple software bug allowed the fourth-biggest cryptocurrency theft ever. Hackers stole more than $323 million in cryptocurrency by exploiting a vulnerability in Wormhole, a Web-based service that allows inter-blockchain transactions. Wormhole lets people move digital coins tied to one blockchain over to a different blockchain; […]
Tag: defi
Hackers drain $31 million from cryptocurrency service MonoX Finance
Enlarge (credit: Getty Images) Blockchain startup MonoX Finance said on Wednesday that a hacker stole $31 million by exploiting a bug in software the service uses to draft smart contracts. The company uses a decentralized finance protocol known as MonoX that lets users trade digital currency tokens without some of the requirements of traditional exchanges. […]
Cryptocurrency launchpad hit by $3 million supply chain attack
Enlarge (credit: Austin Distel) SushiSwap’s chief technology officer says the company’s MISO platform has been hit by a software supply chain attack. SushiSwap is a community-driven decentralized finance (DeFi) platform that lets users swap, earn, lend, borrow, and leverage cryptocurrency assets all from one place. Launched earlier this year, Sushi’s newest offering, Minimal Initial SushiSwap Offering (MISO), is […]