After the Nomad crypto bridge lost more than $190 million to hackers this week, industry participants say bridges must step up security measures, following an embarrassing rash of exploits this year
The Root Labs raise precedes Beanstalk’s “Replanting” relaunch strategy
Already nearly $2 billion, the value of cryptoassets lost to software exploits this year is likely to exceed 2021
Immunefi’s CEO Mitchell Amador told Blockworks, “although things look bad, they are in fact getting better and better on the security side”
The phishing campaign is part of a much wider hack and is not considered an exploit, according to several users and Uniswap’s founder
CremaFinance said Sunday it was “temporarily” suspending its service while it investigates a debilitating flash loan exploit
The lost funds illuminate a systemic lack of security among bridge protocols
A desire to work with the hacker still remains though the investigation into the theft continues until the matter is resolved, Harmony said
Harmony’s team said it has notified exchanges in an attempt to prevent further malicious transactions and is expected to update users soon
The Discord account belonging to BAYC community manager Boris Vagner was compromised on Saturday, paving the way for the theft