Produced by SlowMist: Common Cryptographic Risks in Blockchain-Applications
NEAR Protocol’s largest Decentralized Finance (DeFi) hub, Rhea Finance, suffered a $7.6 million exploit after an attacker manipulated its oracle and validation layer. Blockchain safety agency CertiK flagged the incident, confirming that property have been drained throughout a number of tokens. How the Rhea Finance Exploit Unfolded The attacker deployed faux token contracts and created…
Google has sued an organized cybercrime community it calls the “Outsider Enterprise,” accusing the China-based group of operating AI-powered textual content scams. The firm is pursuing the case alongside the FBI, which is making ready its personal enforcement actions, and is working with AT&T, T-Mobile, and Verizon to block the messages. How the AI-Driven Scam…
China-nexus adversaries attacked the expertise sector greater than some other trade over the previous 12 months, stealing synthetic intelligence (AI) capabilities and mental property (IP) that Beijing can not construct quick sufficient by itself, CrowdStrike mentioned. The cybersecurity agency tracked exercise from April 2025 to March 2026, linking it to Beijing’s drive for technological self-sufficiency…
Garden Finance lately suffered a hack, with at the least $10.8 million in reported losses. Crypto sleuth ZachXBT recognized the hacks simply days after calling out the platform for facilitating cash launderers. This isn’t the primary time the same incident has occurred in the crypto house. Earlier this yr, THORChain enabled North Korean hackers to…
Coinspect has disclosed the Ill Bloom vulnerability, a crypto pockets flaw that created weak restoration phrases on a number of blockchains. Attackers exploited the weak point on May 27, draining 431 wallets for about $3.1 million. Coinspect traced the flaw to an insecure pseudorandom quantity generator used throughout pockets creation. The weak point spans a…
Echo Protocol suffered an exploit on Monad, with an attacker minting 1,000 eBTC price roughly $76.64 million. Curvance paused the affected market whereas Echo Protocol suspended all cross-chain transactions. The incident raised May’s operating tally of crypto hacks to 14. How the Echo Protocol Exploit Unfolded On-chain analyst dcfgod first flagged the incident. PeckShield mapped…