DEEPSEEK
Crypto Hacks in Q1 2023
In Q1 2023, hackers accessed over $320 million through 139 incidents on BNB Chain and losses of $221 million on Ethereum. While significantly lower than Q1 and Q4 2022, the quarter saw hundreds of millions lost, with 60% due to the Euler Finance hack. However, funds were recovered through negotiations with hackers, a trend increasingly common in the industry.
DeFi Execs Argue KYC as Solution to Combat Money Laundering in the Industry
DeFi executives at the WOW Summit in Hong Kong endorse KYC as a solution to tackle AML issues and combat hackers laundering stolen funds into clean money. However, there are concerns that KYC alone will not solve all AML problems and that different mechanisms should be used for different solutions.
Oasis.app and Jump Crypto Retrieve $225 Million in Crypto
The hacker's vaults show that Oasis sent 120,695 wstETH and 3,213 rETH to Jump Crypto on February 21.
Two suspects have been arrested by the French police in connection with Platypus
French authorities apprehended two individuals in Platypus' $9.1 million exploit.
ZenGo's NFT Hack Detector
The display compares OpenSea NFT trading amounts to floor pricing.
Hope Finance Scam Leaves Prospective DeFi Users Out of Pocket
Arbitrum-based algorithmic stablecoin startup Hope Finance loses $2 million to a smart contract attack.
MetaMask Warns Investors Against Phishing Attempts by Scammers
MetaMask informed customers that it never emails account data or collects KYC information.
$46 million in ill-gotten crypto on the move again
The Wormhole hacker transferred another $46 million to MakerDAO to take advantage of arbitrage profits.
OneKey Addresses Vulnerability That Allowed Hardware Wallet to be Hacked
White hat hackers identified weaknesses in crypto wallet OneKey's software earlier this year that allowed them to hack a hardware wallet in one second, however OneKey corrected the problem and no one was affected.
550 BNB lost in contract exploit by decentralized exchange
The CoW Swap team informed users that dealers do not need to cancel permissions due to the vulnerability.
