Wormhole Crypto Platform: ‘Funds Are Safe’ After $314M Heist

Wormhole – a web-based blockchain “bridge” that enables users to convert cryptocurrencies – said on Thursday that “all funds are safe” after attackers abused a vulnerability to shake it down for 120,000 Ethereum approximately $314 million. In a postmortem shared with Threatpost on Thursday,...

Cream Finance DeFi Platform Rooked For $29M

Cream Finance is the latest decentralized finance DeFi platform for cryptocurrency trading to take a major financial hit at the hands of hackers, losing nearly $19 million in an attack this week on its “flash loan” feature. The attacker was able to steal nearly $29 million before being discovered...

Hackers Steal Over $600 Million Worth of Cryptocurrencies from Poly Network

Hackers have siphoned $611 million worth of cryptocurrencies from a blockchain-based financial network in what's believed to be one of the largest heists targeting the digital asset industry, putting it ahead of breaches targeting exchanges Coincheck and Mt. Gox in recent years. Poly Network, a...