🚨 Step Finance exploiter launders $21M through Tornado Cash
The perpetrator behind the Step Finance exploit has converted $21 million in stolen SOL to ETH and routed the funds through Tornado Cash, a privacy mixer. The move underscores ongoing challenges in tracking illicit activity across blockchains.
The incident highlights critical gaps in DeFi security protocols and cross-chain monitoring capabilities. Such exploits erode investor confidence and reinforce the need for stronger auditing standards in decentralized protocols.
📊 SOL trading at $80.55 (−2.46% in 24h) | ETH at $1,767.49 (+0.58% in 24h)
📰 Source: Crypto Briefing
#DeFi #Security #Solana #Exploit #TornadoCash
The perpetrator behind the Step Finance exploit has converted $21 million in stolen SOL to ETH and routed the funds through Tornado Cash, a privacy mixer. The move underscores ongoing challenges in tracking illicit activity across blockchains.
The incident highlights critical gaps in DeFi security protocols and cross-chain monitoring capabilities. Such exploits erode investor confidence and reinforce the need for stronger auditing standards in decentralized protocols.
📊 SOL trading at $80.55 (−2.46% in 24h) | ETH at $1,767.49 (+0.58% in 24h)
📰 Source: Crypto Briefing
#DeFi #Security #Solana #Exploit #TornadoCash
🚨 Bonzo Lend loses $9M in oracle exploit on Hedera
Bonzo Lend, a lending protocol on Hedera, fell victim to an oracle manipulation attack that resulted in $9 million in losses. An attacker exploited a flaw in Supra's on-chain oracle verifier to artificially inflate the value of SAUCE collateral.
The exploit allowed the attacker to borrow $9 million against the inflated collateral. The vulnerability highlights risks in oracle-dependent DeFi protocols, where price feed manipulation can lead to significant fund losses.
📰 Source: Cointelegraph
#Security #Hedera #DeFi #Oracle #Exploit
Bonzo Lend, a lending protocol on Hedera, fell victim to an oracle manipulation attack that resulted in $9 million in losses. An attacker exploited a flaw in Supra's on-chain oracle verifier to artificially inflate the value of SAUCE collateral.
The exploit allowed the attacker to borrow $9 million against the inflated collateral. The vulnerability highlights risks in oracle-dependent DeFi protocols, where price feed manipulation can lead to significant fund losses.
📰 Source: Cointelegraph
#Security #Hedera #DeFi #Oracle #Exploit
🚨 Trusted Volumes attacker returns 1,122 ETH, keeps $2M
The attacker behind the Trusted Volumes exploit has returned 1,122 ETH to the affected party while retaining approximately $2 million in drained funds. On-chain trackers describe the arrangement as a de facto bounty settlement.
The partial recovery represents a negotiated resolution rather than a complete asset recovery, with the attacker effectively claiming a $2 million bounty for returning the majority of stolen assets.
💰 ETH at $1,843.59 (+1.0% in 24h)
📰 Source: CoinCu
#Security #ETH #Exploit #TrustedVolumes
The attacker behind the Trusted Volumes exploit has returned 1,122 ETH to the affected party while retaining approximately $2 million in drained funds. On-chain trackers describe the arrangement as a de facto bounty settlement.
The partial recovery represents a negotiated resolution rather than a complete asset recovery, with the attacker effectively claiming a $2 million bounty for returning the majority of stolen assets.
💰 ETH at $1,843.59 (+1.0% in 24h)
📰 Source: CoinCu
#Security #ETH #Exploit #TrustedVolumes
🚨 Verus-Ethereum bridge drained of $7.54M in second exploit
A second attack on the Verus-Ethereum bridge in two months has resulted in a loss of $7.54 million, according to security firm Blockaid. The exploit leveraged the same vulnerability class that was used in a previous incident in May.
The recurring nature of the breach raises concerns about the bridge's security protocols and whether adequate patches were implemented following the initial compromise. Both incidents exploited the same fundamental flaw, suggesting insufficient remediation efforts.
At the time of reporting, ETH trades at $1,922.58 (+0.16% in 24h).
📰 Source: The Block
#Security #Ethereum #Bridge #Exploit #Verus
A second attack on the Verus-Ethereum bridge in two months has resulted in a loss of $7.54 million, according to security firm Blockaid. The exploit leveraged the same vulnerability class that was used in a previous incident in May.
The recurring nature of the breach raises concerns about the bridge's security protocols and whether adequate patches were implemented following the initial compromise. Both incidents exploited the same fundamental flaw, suggesting insufficient remediation efforts.
At the time of reporting, ETH trades at $1,922.58 (+0.16% in 24h).
📰 Source: The Block
#Security #Ethereum #Bridge #Exploit #Verus