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Zenrock: Paving the Path in dMPC
The most notable hacks total over $965 million and include: The Ronin Bridge hack on March 23, 2022...The Multichain 3 hack on July 6, 2023 led to $126 million of DAI, LINK, USDC, WBTC, and wETH....The Harmony Horizon Bridge hack on June 24, 2022 saw $100 million stolen due to compromised private keys...
12 Min
Cross-Chain
Feb 2025
ETH Turns Deflationary as Users Rush to Mint XEN Tokens
A DeFi protocol has been hacked for 9 figures, an exchange is fined by the US Treasury, and the SEC is...The hacker is proposing to return a portion of the stolen funds on the DAO’s forum....A DeFi protocol has been hacked for 9 figures, an exchange is fined by the US Treasury, and […]...
5 Min
Proof-of-Stake
Oct 2022
Uniswap Daily Active Addresses Rise Despite the Bear Market
Deribit becomes the latest crypto exchange to get hacked for $28M, prompting the exchange to temporarily...🚨 In Case You Missed It Deribit halts withdrawals after hackers drain $28M from the exchange’s hot...
4 Min
Nov 2022
The Current State of Crypto Insurance
In 2022 alone, $2.7B worth of funds were lost to hacks, representing a 63% increase from last year....In the event of a malfunction, hack, or exploit of the smart contract, which causes a user to lose their...A Key Offering Without Traction Despite the growth of TVL in DeFi and hacks hitting new highs, the insurance...
10 Min
Asset Management
Nov 2022
Tribe Calls it Quits, and Nouns at the NYFW
...to pay back victims of the Fuse hack....But arguably, dissolving the protocol, paying back victims of the Fuse hack, and redeeming TRIBE for...Finally, some have argued that the proposal as written short changes token holders and hack victims to...But equity also comes with liabilities, meaning that they bear some responsibility for the hack.
8 Min
DAO
Aug 2022
CryptoPunks x Tiffany Pre-Sale, Memeland Potatoz NFTs
ZB.com was hacked with $4.8 million drained from the exchange’s hot wallet....🐣 Notable Tweets Who Hacked Solana Wallets? (1/8) Who Hacked #Solana Wallets!?...Here is a thread on the details of this hack. (For complete info visit our medium blog!)...
4 Min
Fashion
Aug 2022
MATIC and BNB Outperform in the Wake of FTX Fallout
...protocols have gained traction and seen increasing deposits to smart contracts, lucrative opportunities for hackers...Hackers spot flaws within protocol architecture and find ways to extract value from these faults....In 2022 alone, $2.7B worth of funds were lost to hacks, representing a 63% increase from last year.
5 Min
Infrastructure
Nov 2022
Difficult Choices for Tribe DAO and USDD Tries for a Gauge
Specifically, this discussion is for the DAO to decide if they should use PCV funds to reimburse hack...Reimbursing users’ funds could help rebuild trust in Fei Protocol following the hack....Some users even question the value of continuing to offer Fuse as a product, as it has been hacked twice...
8 Min
DAO
May 2022
Football Fan Tokens Crater as the FIFA World Cup 2022 Begins
Elsewhere, the FTX hacker’s on-chain moves are being closely monitored as they dump ETH for renBTC....The hacker remains 27th largest ETH holder....E.g. will protocol X suffer a hack by Y date Gives hackers a way to exploit a protocol, trigger the event...event so let me debunk the three most common things I’ve seen “Bahamian officials are behind the FTX hack...
4 Min
Sports
Nov 2022
ETH Funding Rate Reverts to Neutral After Successful Merge
One of the largest crypto market makers was hacked for $160m, ETH funding rates revert to neutral, and...🚨 In Case You Missed It Wintermute, one of the largest crypto market makers, loses $160m due to a hack...
4 Min
Layer 1 / L1
Sep 2022
Rise of Velodrome, Umami's USDC Vault
A massive hack originating from the Phantom wallet was reported on Solana....Nomad bridge has recovered $9 million (~5% of total loss) from white-hat hackers....Moonbeam Network resumed normal operations, after determining that Nomad hack was unrelated to the Moonbeam...
4 Min
Spot Exchange
Aug 2022
Delphi Office Hours Call (October 13th, 2022)
Lido (23:05) DeFi hack attack types (27:36) Ethereum censorship update (38:12) Transcript To follow...
1 Min
Macro & Markets
Oct 2022
NFTs Bleed, USDD Tries for a Gauge, Sovereign Communities With a Hacktivist
DISRUPTORS: Modular Blockchains for Sovereign Communities With Hacktivist Mustafa Al-Bassam [Excerpt...Having co-founded Celestia, the world’s first modular blockchain network, our third DISRUPTORS guest, hacktivist... Mustafa Al-Bassam shares his vision of sovereign communities and how he invented a clever hack to widely...
5 Min
NFTs
May 2022
A Blast From The Past
This cycle featured the infamous DAO hack, which led to the hard fork of Ethereum, the explosion of new...second BTC halving takes place, reducing the block reward from 25 down to 12.5 July 2016: The DAO is hacked...During this time, BTC saw its first-ever halving, Dogecoin and Ethereum both launched and the infamous hack...
11 Min
Macro & Markets
Aug 2022
Delphi Office Hours Call (September 22nd, 2022)
Highlights included: Markets Update (01:38) Contrarian Crypto Takes (21:10) Wintermute Hack (39:20)...
1 Min
Macro & Markets
Sep 2022
The State of Undercollateralized DeFi Lending
Most recently, Wintermute’s hack just last month....Clearpool, the utilization for Wintermute’s lending pool went up to 99% within 24 hours of the news of the hack...Although the Wintermute hack was immaterial to DeFi lenders, it highlights the exposure the entire sector...
10 Min
Unsecured Lending
Oct 2022
Sui Network: Demystifying the Monolithic Contender
The combination of these built-in protections and Sui objects prevents many common hacks and exploits...Solidity is known for its history of hacks and reentrancy attacks....This has led to several security issues, hacks, and wallet drains.
43 Min
Layer 1 / L1
Dec 2024
ETH Active Addresses Surge, Deep Dive on Soulbound Tokens
— Haym Salomon (@SalomonCrypto) August 1, 2022 Nomad Hack: Behind the Scenes 1/ Nomad just got drained...for over $150M in one of the most chaotic hacks that Web3 has ever seen.
3 Min
Layer 1 / L1
Aug 2022
Drops of Jupiter
However, after $800,000 worth of Mercurial tokens ($MERC) were stolen in the FTX hack, the team shifted...
8 Min
DeFi
Jan 2024
TRIBE Volume And Price Spike As Fei Protocol Winds Down
The proposal also recommends paying victims of the Fuse hack using the 57m TRIBE tokens in the RGT peg...The hack occurred in Apr-2022 with Rari Capital’s Fuse lending protocol, resulting in a loss of $80 million...
4 Min
Stablecoins
Aug 2022