How The Inventor Of Ethereum Predicted Wormhole’s $321M Security Breach
Yesterday, an exploit on the Wormhole Bridge that connects Ethereum, and Solana allowed bad actors to steal over $300 million in funds. One of the worst hacks in recent history, users saw their funds completely drained from the interoperability protocol. Related Reading | How Vitalik Buterin Will Use $100M In SHIB To Fight COVID-19 Recently, the […]
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The token bridge between Ethereum and Solana saw 120K wETH tokens removed from the platform and distributed between the hacker’s Solana and ETH wallets. The Wormhole token bridge experienced a security exploit today, resulting in the loss of 120,000 wETH tokens ($321 million) from the platform.Wormhole is a token bridge that allows users to send and receive crypto between Ethereum, Solana, BSC, Polygon, Avalanche, Oasis, and Terra without the use of a centralized exchange (CEX). This is the largest crypto hack of 2022 so far and the second largest DeFi hack to date. The Wormhole team has....
Bitfinex suspends trade after discovering a security breach. Confirms loss of bitcoin, exact figures awaited. Bitfinex, one of the leading digital currency exchange, today reported that it has faced a security breach. Following the discovery, the exchange reportedly halted all its bitcoin trading operations until further notice. “Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex” According to the Bitfinex homepage, the breach was discovered at around 18:00 UTC, same time when....
The Ethereum Foundation has confirmed a significant security breach involving its official email system managed through the third-party service provider, SendPulse. Tim Beiko, a prominent figure at the Ethereum Foundation, raised the alarm on the social media platform X, revealing that the “[email protected]” mailing list had been compromised. This breach has exposed subscribers to phishing […]
The inventor of Ethereum Vitalik Buterin has come out of a self-imposed Twitter hibernation period, as he called via his personal account. On his first post of 2022, Buterin reviewed some of the ideas, proposals, and thoughts from this past decade to find if he maintains the same position as when he first talked about them. Related Reading | TA: Ethereum is Showing Early Signs of Fresh Rally, But 100 SMA is the Key The inventor of Ethereum listed over 10 ideas, many of which have been a source for controversy amongst the crypto community. Buterin begun his “mini-tweetstorm” with....
The recent Shapeshift security breach may have been an inside job, says Eric Voorhees. Shapeshift.io, the cryptocurrency exchange was recently faced with a security breach, forcing it to temporarily suspend its operations. The security breach on April 7, 2016, had compromised the platform’s server infrastructure which threatened the fate of future transactions on it. In order to fix the system and be sure that nothing is amiss, the company decided to replace the server infrastructure instead of fixing the issues on the existing setup. In order to completely revamp the platform’s backend....