Exploits

Still from Sergio Leone's 1965 classic spaghetti western "For a Few Dollars More," where Clint Eastwood plays an antihero character with an unorthodox sense of justice. (Wikimedia Commons)
Your Crypto Project Needs a Sheriff, Not a Bounty Hunter
Avi Eisenberg’s centi-million dollar exploit of the decentralized Mango Markets trading platform revealed the perverse incentives of bug bounties.
Still from Sergio Leone's 1965 classic spaghetti western "For a Few Dollars More," where Clint Eastwood plays an antihero character with an unorthodox sense of justice. (Wikimedia Commons)

Edvard Munch's "The Scream" (Art Institute of Chicago)
The Munchables Hack Is Way Worse Than It Seems
Apparently orchestrated from North Korea, the $63 million hack adds grist to the argument that crypto exploits pose a plausible national security risk.
Edvard Munch's "The Scream" (Art Institute of Chicago)

OrdiZK appears to have suffered a rug pull. (Clint Patterson/Unsplash)
Bitcoin Bridge OrdiZK Suffers Apparent $1.4M Rug Pull, Token Crashes to Zero: CertiK
The OrdiZK website and social media accounts are also offline.
OrdiZK appears to have suffered a rug pull. (Clint Patterson/Unsplash)

(fikry anshor/Unsplash, modified by CoinDesk)
Fantom Seeks Money Back From Multichain’s $200M Exploit
The move aims to enable victims to “partially recover” assets lost in one of the biggest exploits in 2023.
(fikry anshor/Unsplash, modified by CoinDesk)

(Kevin Ku/Unsplash)
Binance Freezes $4.2M in XRP Tokens Stolen From Ripple Executive's Wallet
Over $120 million in XRP was stolen from Ripple Labs Executive Chairman Chris Larsen earlier this week.
(Kevin Ku/Unsplash)

Cross-chain bridge attacks equal $2B in 2022 (Charlie Green/Unsplash)
Orbit Chain Loses $81M in Cross-Chain Bridge Exploit
The hacked funds remain "unmoved" according to Orbit Chain.
Cross-chain bridge attacks equal $2B in 2022 (Charlie Green/Unsplash)

Crypto hacks, scams and exploits netted some $2 billion this year. (fikry anshor/Unsplash, modified by CoinDesk)
Crypto Users Lost $2B to Hacks, Scams and Exploits in 2023, De.Fi Says
The figure is roughly half the estimated $4.2 billion of 2022, a year that also included $40 billion lost through the collapse of Terra, Celsius and FTX.
Crypto hacks, scams and exploits netted some $2 billion this year. (fikry anshor/Unsplash, modified by CoinDesk)

DeFi hacks represented 2% of total value locked across decentralized protocols in 2023. (fikry anshor/Unsplash, modified by CoinDesk)
DeFi Has a Risk Problem and It’s Time to Solve It
While the total losses from exploits fell to $1 billion from $54 billion the year prior, this is still an unacceptable threat to users, Haven1's Jeff Owens writes for Crypto 2...
DeFi hacks represented 2% of total value locked across decentralized protocols in 2023. (fikry anshor/Unsplash, modified by CoinDesk)

Ledger Nano S hard wallet opened to show the screen display
Ledger Exploit Endangers DeFi; Sushi Says 'Do Not Interact With ANY dApps'
The exploit reportedly prompts users to connect their wallets via a pop-up, triggering a token drainer.
Ledger Nano S hard wallet opened to show the screen display

(Kenny Eliason/Unsplash, modified by CoinDesk)
Code Is Not (Always) Law
Sometimes, the law is the law, industry experts say.
(Kenny Eliason/Unsplash, modified by CoinDesk)