DeFi Protocol Arcadia Finance Loses $455,000 as a Result of Hack
Analysts at PeckShield reported a hack on Arcadia Finance’s DeFi protocol, with the hacker managing to withdraw crypto assets with a combined value of roughly $455,000.
Analysts at PeckShield reported a hack on Arcadia Finance’s DeFi protocol, with the hacker managing to withdraw crypto assets with a combined value of roughly $455,000.
The total losses of cryptocurrency projects due to hacks and fraud in April-June of 2023 amounted to $313.5 million, 58% lower than the same period in the previous year as stated by.
Prime Brokerage Floating Point Group has announced that they have suspended trading, deposits, and withdrawals.
KuCoin experienced a data breach (its Twitter account was hacked) resulting in the loss of $22,628 to its users on April 24.
Euler Finance faced a flash loan attack on March 13 that resulted in the theft of millions of dollars worth of DAI, USD Coin, staked Ether (StETH), and wrapped Bitcoin (WBTC).
Some attackers have created a fake website for the popular annual Ethereum conference in Denver and stolen more than $300,000 in ETH.
Law enforcement officers of Norway have confiscated $5.9 million stolen from the Ronin sidechain involved in the game Axie Infinity.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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