Search results for hacks

  • Nansen Bets Web3 Messaging Will Deter Hacks and Spa

    Competition to become the go-to crypto native messaging platform is intensifying with data analytics platform Nansen joining the race. Nansen launched a crypto-native messaging platform currently open in beta to their paid users as well as token-holders of select communities, the company said in an emailed statement.   The platform, Nansen Connect, was built as a … Nansen Bets Web3 Messaging Will Deter Hacks and Spa Read More »

  • Is Discord To Blame For NFT Hacks? Project Founder And Community Divided

    More large non-fungible token communities are being targeted by hackers in an attempt to steal Ethereum (CRYPTO: ETH) from community members. One of the big questions after hacks happen is who’s to blame. Here’s a look at the divide in the blame game. What Happened: A recent hack saw the Discord for Bored Ape Yacht Club become compromised. The hack took control of a community manager’s account and pretended to be him. A post was made offering a link for people to click to get a new NFT. A total of around 200 Ethereum worth of NFTs was stolen along with an additional 145 Ethereum stolen from accounts. “Our Discord servers were briefly exploited today. The team caught and addressed it quickly. About 200 ETH worth of NFTs appear to have been impacted,” Bored Ape Yacht Club tweeted, while also asking for anyone impacted to email the team. Is Discord to Blame? After the hack of the Bored Ape Yacht Club Discord, Yuga Labs co-founder "Gordon Goner" was quick to point the finger at Discord. The Bored Ape Twitter account sent out a reminder tweet that it does “not offer surprise mints or giveaways.” This is not the first time Bored Ape Yacht Club has been targeted. While Discord has been used several times, hackers have also gained access to the company’s Instagram, using a link to get users to connect their MetaMask to a scam wallet. A recent Instagram hack saw 24 Bored Ape Yacht Club and 30 Mutant Ape Yacht Club NFTs potentially compromised, according to a CoinDesk report. Yuga Labs estimated four Bored Apes, six Mutant Apes and three Bored Ape Kennel Club NFTs were stolen, representing around $3 million in value. Twitter Inc (NYSE: TWTR) has also become the subject of hacks in the NFT sector with verified accounts taken over and then used to share links to mints that are close in name to recent hot mints such as when hundreds popped up after the Moonbirds NFT collection minted. Other hackers take control of big accounts, including NFT artist Beeple, and share phishing links to get users to connect their wallets. Twitter user OKHotshot, who is an on-chain analyst and audits NFT projects and Discord security, disagreed with the blame going solely on Discord. “Co-founder of BAYC @GordonGoner insinuating Discord is to blame for their breach is a dangerous misunderstanding. Founders should put security first, not blame Discord for something that happened cause of user-error,” OKHotShot tweeted. There have been 22 NFT Discords exploited in the month of June, according to OKHotShot. Many of the exploits were preventable according to the user. Related Link: VeeCon 2022: First-Year Event Brings Alpha, Community, Education & NFT Lessons  What’s Next: The recent exploits of Discord serve as an important warning to NFT holders and investors. Security and safety should always be top priority. Large projects rarely do surprise drops or giveaways without first announcing via Discord or social media that it is coming in the future. If a link promises something that is too good to be true, it likely is. “Don’t blame Discord for users getting socially engineered, having DMs open and clicking phishing links,” OKHotShot tweeted. Discord users should be cautious before clicking on links inside a Discord and connecting their wallets. Creating a clean wallet to use for mints is another way to help secure accounts. There will always be scammers and hackers in sectors that have large communities. As discussed on Tuesday’s episode of Benzinga’s NFT show “The Roadmap,” Discord was originally created and used as a channel for the gaming community. The platform offered text messaging, voice and video chatting to allow gamers to play together. Over time, Discord has become a preferred medium of NFT projects and communities as a way to connect with followers. Discord was valued at $15 billion recently and received an investment from Sony Group Corp (NYSE: SONY) in 2021. Discord also turned down an acquisition by Microsoft Corporation (NASDAQ: MSFT) in 2021 that could have valued the company at around $10 billion. As Discord works towards a potential IPO, the company may need to highlight that it is not entirely to blame for recent exploits or risk becoming synonymous with hacking for NFTs.  Photo: Sergei Elagin via Shutterstock © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Binance Urge To Tighten User Accounts Amid Increasing Crypto Hacks

    Crypto exchange Binance showed how users can increase the security of their accounts. Hackers have ... Read More... from Binance Urge To Tighten User Accounts Amid Increasing Crypto Hacks The post Binance Urge To Tighten User Accounts Amid Increasing Crypto Hacks appeared first on Crypto News Land.

  • FTX, Liberty City Ventures Invest $20M in Web3 Dev Platform DoraHacks

    FTX Ventures and Liberty City Ventures have invested $20M in DoraHacks. DoraHacks will utilize the funding to speed up the ...Read More...

  • Hackathon organiser and web3 incentive platform DoraHacks raises $20 million

    Circle Ventures, Gemini Frontier Fund, Sky9 Capital, Crypto.com Capital and Amber Group also joined the round. The post Hackathon organiser and web3 incentive platform DoraHacks raises $20 million appeared first on The Block.

  • Coinbase and FTX Enhance Blockchain To Avoid Crypto Bridge Hacks

    Coinbase and FTX provide tech alternatives to avoid crypto bridges. Wormhole and Ronin bridge are some of the hacking incidents ...Read More...

  • DeFi Hacks: Total Stolen Amount So Far This Year Surpasses 2021 Level

    So far, the year 2022 is turning out to be one of crypto hacks. As of May 1, 2022, DeFi hacks accounted for $1.57 billion in stolen funds, surpassing the $1.55 billion stolen throughout 2021. This was followed by April’s second-largest DeFi hack over the weekend, where $80 million was stolen from Rari Capital.  Blockchain […] The post DeFi Hacks: Total Stolen Amount So Far This Year Surpasses 2021 Level appeared first on Vauld Insights.

  • Crypto Flipsider News – Solana Suffers Another Outage, Yuga Labs Raises $320 Million, ETH Gas Fees Skyrocket, ApeCoin Drops 40% in 3 Days, Rari, Fei, and Saddle Finance Lose $90M in DeFi Hacks, Ripple Labs Unlocks 700M XRP

    Click here to read our crypto digest with the newest events surrounding the crypto space. Continue reading Crypto Flipsider News – Solana Suffers Another Outage, Yuga Labs Raises $320 Million, ETH Gas Fees Skyrocket, ApeCoin Drops 40% in 3 Days, Rari, Fei, and Saddle Finance Lose $90M in DeFi Hacks, Ripple Labs Unlocks 700M XRP at DailyCoin.com.

  • Lossless Launches Protocol to Prevent Crypto Hacks

    Lossless launched its Core Protocol on Ethereum’s mainnet last week. Its core protocol allows them ... Read More... from Lossless Launches Protocol to Prevent Crypto Hacks The post Lossless Launches Protocol to Prevent Crypto Hacks appeared first on Crypto News Land.

  • 13 Biggest DeFi Hacks and Heists

    There's a lot of money flowing into DeFi. And thanks to hacks and exploits, there's sometimes a lot of money flowing out, too.

  • MetaMask advises users to disable automatic iCloud backups of its wallet data to prevent hacks

    MetaMask requested users turn off iCloud backups of their crypto wallet data. The post MetaMask advises users to disable automatic iCloud backups of its wallet data to prevent hacks appeared first on The Block.