THORChain is facing a fresh dispute over its handling of stolen funds after Bitget and security researchers publicly asked the network to block addresses linked to the September 24 exploit. The argument has widened into a fight over whether a permissionless protocol can refuse known stolen assets without compromising the censorship resistance it claims to […]
Bitget says its security systems flagged unauthorized transfers from a portion of its hot wallets at 18:31 UTC on September 24, with roughly $351.6 million in assets affected. The exchange says every dollar of that loss falls under its User Protection Fund, so customers’ balances will stay intact even with withdrawals paused as it reviews […]
CoinEx is preparing to shut down its platform after nearly nine years as the weakness across the crypto market has made operations increasingly difficult. The exchange said the broader industry has seen a significant contraction in trading volume and liquidity. It also cited rising regulatory requirements across major jurisdictions alongside higher compliance costs and operational uncertainties […]
The exploiter linked to the third wave of attacks on Coldcard wallets has now moved 45% of the coins stolen, according to Galaxy Research. The firm said the funds have been transferred either to Ethereum through THORChain or into Coinjoin, in an effort to launder the stolen assets. During Wave 3, the exploiter created 293 […]
Coinkite, the company behind Coldcard, has shipped a firmware update that will not generate a new wallet seed until the owner supplies randomness by hand. That means at least 50 dice rolls, 128 coin flips, or 65 timed key presses, three weeks after a defect in its random number generator opened customer funds to attackers. […]
On August 9, a bridge connecting the XRP Ledger and Coreum (now rebranded as tx) lost close to 200,000 XRP after an attacker tricked its deposit-checking system into treating a wallet-to-wallet transfer as a real deposit. The bridge has since halted, and both the operator and outside researchers have traced the failure to Coreum-side software […]
The first half of 2026 was the most active six months for crypto exploits on record. This is according to a new report from Blockaid, which shows hackers stole $1.1 billion across 212 incidents. Crypto Hacks Top $1.1B in H1 2026 The Blockaid report found that four major incidents involving KelpDAO, Drift, Resolv, and CoW […]
Cross-chain stablecoin bridge, Allbridge Core, suffered a security exploit that resulted in losses of approximately $1.65 million, according to blockchain security firm PeckShield. The firm said the attacker has already bridged the stolen funds from Solana to Ethereum. Allbridge Responds Allbridge confirmed experiencing a security incident and that the protocol has been paused as a […]
According to this week’s report from crypto market tracker CryptoRank, DeFi platforms suffered 121 hacks so far this year, resulting in approximately $942 million in losses. The second quarter accounted for 85 incidents and about $775 million stolen, placing it as the most active period ever for exploits in the crypto sector. The surge in […]
Bitcoin-focused DeFi protocol Echo Protocol was exploited on Monday in the latest security breach to hit the DeFi sector this month. The attack was first flagged by pseudonymous crypto influencer DCF GOD on X at around 5:55 p.m. ET. The exact cause of the incident has not yet been identified. Echo Protocol Exploit Findings by […]