Smart contract exploits are more ethical than hacking... or not?
What is certain is that exploits only get points for being less disastrous than their counterpart. There has been a lot of talk about the recent “hacks” in the decentralized finance realm, particularly in the cases of Harvest FInance and Pickle Finance. That talk is more than necessary, considering hackers stole more than $100 million from DeFi projects in 2020, accounting for 50% of all hacks this year, according to a CipherTrace report.Related: Roundup of crypto hacks, exploits and heists in 2020Some point out that the occurrences were merely exploits that shined a light on the....
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Are you a hacker? If you are, how are you making use of your skills so far? Do you want to legally continue what you love doing and get paid for it too? If the answer is yes to the first and third question and if you aren't already into it, then you should seriously consider ethical hacking. No, I don't want the answer for second question as I don't want to know about it. In case you are involved in anything considered "illegal", I would suggest you to stop doing it and go legit. Ethical hacking or white hat hacking can be defined as hacking into computer systems and networks by....
In a recent article about Hacking Team, we mentioned how this collective recently became the target of a hack themselves. More and more details regarding their activity is surfacing on a daily basis, and apparently selling exploits to Hacker Team can be done via email. Even though the person involved demanded a wire transfer payment for the entire sum, he could’ve used Bitcoin as well. Saying that the world of hacking and exploits if a lucrative business would be quite the understatement. A Russian hacker sold one of his zero-day vulnerabilities to Hacking Team a while ago for the sum of....
On October 27, the Fantom Foundation announced a collaboration with the security and analysis platform Dedaub in order to bolster Fantom’s decentralized finance (defi) ecosystem. Dedaub’s monitoring system called Watchdog will monitor smart contracts on the Fantom blockchain for exploits and buggy code. Fantom Looks to Curb Defi Exploits With Watchdog Monitoring System The Fantom blockchain aims to protect its defi ecosystem with a new automated smart contract surveillance system called Watchdog, according to a blog post published on Thursday. Fantom is a layer one (L1) EVM-compatible....
Having failed to win big rewards for the stolen National Security Agency (NSA) hacking tools it auctioned last year, the Shadow Brokers hacking group is now trying to cash in on what credibility it might have left through a new monthly dumping service that accepts Zcash. The group has tried holding a public auction, a crowdfunding campaign and selling individual exploits. Shadow Brokers now wants to see if people will pay a monthly fee for a dump of exploits. They promised the following data and tools in mid-May: • Mobile handset tools and exploits • Compromised data from central banks and....
On Friday, October 21, a malicious entity siphoned 30,437 OHM tokens from the Olympus DAO after finding a loophole in the rebase project’s smart contract. Following the exploit, the blockchain security and data analytics company, Peckshield, detailed the hackers stole close to $300K in OHM tokens. ** Editor’s note: According to an update later posted to the Olympus Discord channel, Olympus DAO detailed that the “funds have been returned to the DAO wallet.” Apparently, the hacker was paid a bounty and returned the 30K OHM. Hacker Exploits Smart Contract’s....