Argin Chronicles
Q2 2024 witnessed some of the most significant crypto hacks and exploits, resulting in over $675 million in losses. A total of 15 major incidents were recorded, highlighting the persistent vulnerabilities within the crypto space. Among the targets were four crypto exchanges, one individual whale investor, and nine projects. The staggering total loss of $710 […]
Kraken, a prominent cryptocurrency exchange, recently revealed it was exploited for approximately $3 million. The Chief Security Officer at Kraken disclosed the breach, which occurred on June 9th, when the Kraken team received an alert from its Bug Bounty program regarding an “extremely critical” issue. The reported bug allowed attackers to artificially inflate their balances […]
On May 31, 2024, DMM Bitcoin experienced a massive security breach, resulting in the unauthorized transfer of 4,502.9 BTC, valued at over $300 million. The stolen funds were initially moved to the address 1B6rJRfjTXwEy36SCs5zofGMmdv2kdZw7P and have since been dispersed across 10 different addresses. Beosin Trace, a blockchain security firm, is actively monitoring the movement of […]
Velocore, a decentralized finance (DeFi) platform, recently experienced a significant security breach resulting in the loss of over $6.8 million. The attacker exploited a vulnerability within the LP Pool contract, ultimately transferring the stolen funds to Ethereum and then laundering them through Tornado.Cash. The attacker, identified by the address 0x8CDc37eD79C5EF116b9Dc2A53Cb86ACaca3716bF, used a sophisticated method to […]
Sonne Finance, a decentralized lending protocol on the Optimism network, has experienced a significant security breach, resulting in losses amounting to approximately $20 million. The project, in a post-mortem report, disclosed that the exploit stemmed from a vulnerability in Compound v2 forks. In response to the attack, Sonne Finance swiftly paused the markets to prevent […]
Today, grandbase_fi encountered a severe security breach when their deployer’s wallet fell victim to unauthorized access, enabling the attacker to mint $GB tokens on BASEChain. This breach resulted in unauthorized transactions that triggered a staggering decline in the value of the token, with prices plummeting by over 99%. According to reports from @CyversAlerts, the hack […]
Concentric Fi, operating on the Arbitrum network, has incurred substantial losses exceeding $1.7 million due to a targeted social engineering attack. The breach exploited a vulnerability in the protocol, stemming from unauthorized access gained through a sophisticated attack on one of the team members overseeing the deployer wallet. The compromise of the deployer wallet resulted […]