Posts

Showing posts with the label exploit

BH Token stolen funds funneled into Tornado Cash

Image
Funds stolen in a prior exploit have reportedly been channeled into Tornado Cash, totalling an estimated 1,500 BNB now within the mixer. Deposits into Tornado Cash According to an Oct. 11 from Certik, an exploit occurred on BH Token (BlackHole token), resulting in an exploiter (0xFDb) acquiring $1.2 million USDT, which was later converted to BNB and deposited into Tornado Cash, an Ethereum-based privacy tool. #CertiKSkynetAlert The BH Token exploiter has deposited stolen funds into @TornadoCash So far, 1,500 BNB has been deposited into the mixer On 11th October, Black Hole token was exploited for 1.2m USDThttps://t.co/d9ZC6o2YsQ — CertiK Alert (@CertiKAlert) October 19, 2023 Now, in a follow-up development dated Oct. 19, the malicious actor responsible for the theft has channeled stolen funds into Tornado Cash, has deposited a total of 1,500 BNB into the mixing service so far.  A subject of another alert Unfortunately, this is not the first time that Tornado Cas...

December DeFi exploits were the lowest in 2022: Finance Redefined

Image
The DeFi market didn't see much change in its first week of new year compared to the last week of 2022 as the price momentum remained in a similar zone. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The end of 2022 saw the least value of stolen funds from DeFi, with $62 million worth of exploits in December. While the figure might seem a relief given the multiple bridge hacks and hundreds of millions of dollars stolen this year, cybersecurity experts have warned that the ecosystem would see no decrease in exploits, flash loans or exit scams in 2023. Lido protocol overtook MakerDAO to have the highest total value locked (TVL) in the DeFi ecosystem. In other news, Mango Markets hacker Avraham Eisenberg was detained pending trial. The start of the new year saw a GMX whale hacked for $3.5 million worth of GMX tokens. The hackers took control of 82,519 GM...