DeFi Protocol Penpie Exploited for $27M of Crypto Assets; PNP Token Craters 40%
Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said.
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Exploit
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Normie Dumps 99% as Attacker Calls Meme Coin’s Tax Contract a ‘Copy-Paste’ Job
Attackers exploited a tax function in the token’s code that allowed them to issue more tokens and completely drain liquidity pools.
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How 2 Brothers Allegedly Cheated a Noxious-But-Accepted Ethereum Practice for $25M
First came “The Bait.” In an indictment, U.S. prosecutors detailed the incredibly complicated Ethereum exploit – in which attackers targeted the controversial area of “maximal extractable value,” known as MEV.
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Jury Begins Deliberations in $110M Mango Markets Fraud Trial
Avi Eisenberg faces up to 20 years in prison if he’s convicted on all three counts against him.
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Socket, Bungee Restart Operations After Apparent $3.3M Exploit
The platform experienced a security incident late Tuesday that affected wallets with infinite approvals to Socket contracts, developers said.
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Crypto Users Lost $2B to Hacks, Scams and Exploits in 2023, De.Fi Says
The figure is roughly half the estimated $4.2 billion of 2022, a year that also included $40 billion lost through the collapse of Terra, Celsius and FTX.
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Avalanche Social App Stars Arena Drained of $3M in AVAX After Hack
The newest viral application launched nearly a week ago and quickly gained a cult following.
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Friend.Tech Targeted SIM Swaps Worsen as Users Lose More Ether
CoinDesk reported earlier this week that Friend.Tech users were starting to seemingly get targeted in SIM swap exploits.