Radiant

Gamma

Radiant Capital

Goledo Finance

<div class="cryptonews"> 
 <p class="is-style-lead">Nearly $50 million was stolen from web3 platforms in the year’s first month as <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> remains engaged in a cyber war with hackers and scammers.&nbsp;</p> 
 <p>Quantstamp, a defi security startup, reported five smart contract protocols with the highest losses from exploits and hackers in January. The five platforms lost $38.9 million to a basket of attack vectors deployed by bad actors.</p> 
 <p>Four days into the year, Gamma Strategies was rocked by a flash loan attack. The code bug allowed exploiters to drain $6.1 million from Gamma’s public-facing vaults. Gamma shut off deposits to resolve the issue, effectively closing the loophole.&nbsp;</p> 
 <p>Although less than $10 million was stolen, roughly $500,000 denominated in Ether (ETH) was at risk during the incident.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">We have preliminarily reached the root cause of the recent exploit attack on our vaults.<br><br>Out of abundance of caution, we shut off all deposits on our public-facing vaults — this effectively nullifies the attack any further because a deposit is required for the attack to take…</p>— Gamma (@GammaStrategies) January 4, 2024
   </blockquote> 
  </div>
 </figure> 
 <p>Radiant Capital lost $4.5 million to an empty market exploit on Jan. 3, hours before the attack on Gamma. According to Peckshield, the root cause was not novel and stemmed from a brief period where new markets were activated on lending protocols.&nbsp;</p> 
 <p>The defi lender paused its Arbitrum-based USDC pool to address the issue. Radiant also noted that user funds were not exposed, and the protocol resumed operations following an investigation.&nbsp;</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> North Korean crypto hackers raided $600m in 2023 
 </div> 
 <p>On Jan. 16, the multi-chain protocol Socket was breached via a user verification input vulnerability. The compromise allowed hackers to siphon almost 2,000 ETH worth over $4 million. However, Socket has since recovered 1,032 ETH, worth around $2.3 million. All affected users were also reimbursed as part of Socket’s plan to make users whole.&nbsp;</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">USER RECOVERY PLAN<br><br>We're delighted to announce 100% reimbursements for all affected users!<br><br>Socket is contributing $1m on top of the 1032 $ETH that were recovered.https://t.co/WwI0aGofGt pic.twitter.com/ux4PVzfq8w</p>— Socket (@SocketDotTech) January 25, 2024
   </blockquote> 
  </div>
 </figure> 
 <p>Goledo Finance’s security breach was identical to Gamma’s exploit and the most recent, as hackers used a flash loan attack and stole $1.7 million. At press time, negotiations with the culprit were underway, and Goledo offered a reward for the returned funds.&nbsp;</p> 
 <p>Additionally, the hacker’s accounts on centralized exchanges were frozen, and Goledo was assessing the loss to finalize a recovery plan while local law enforcement was briefed on the matter.&nbsp;</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Meanwhile, we are considering the best options for compensating Goledo users, based on various potential outcomes. Our goal is to provide a compensation solution to Goledo users as soon as possible once the situation with the hacker is resolved.</p>— Goledo Finance (@GoledoFinance) January 30, 2024
   </blockquote> 
  </div>
 </figure> 
 <p>Finally, Wise Lending lost at least $460,000 in a flash loan attack on Jan. 12. This particular flash loan exploit was orchestrated by manipulating the price oracle used by Wise Lending. It was the second attack experienced by the protocol within six months.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Web3 urgently needs a paradigm shift in its security approach | Opinion 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/january-s-5-biggest-crypto-hacks-earn-criminals-39m-tbt78286.html">https://thebittimes.com/january-s-5-biggest-crypto-hacks-earn-criminals-39m-tbt78286.html</a></p>

January’s 5 biggest crypto hacks earn criminals $39m

TheBitTimes

2024年1月30日公開の他の記事

Top Crypto CEO and Polygon Backer Accumulating New Altcoin at $0.09—Could This be the Next Big Th...

Toncoin: Where Can I Buy Toncoin in 2024?

Dormant Whale Wallet did its first transaction in the last 8 years, selling Bitcoin for this Token

Fidelity’s Spot Bitcoin ETF gathers $208M in daily inflows, outpacing Grayscale Bitcoin Trust

UAE dumps US dollar, goes digital Dirham in landmark China agreement

Weekly Cryptocurrency Market Analysis: Altcoins Crash As They Lose Support Levels

ニュースレターを購読して暗号資産の最新情報を毎日入手！