Weekly Crypto Hack Report: $50 Million Lost in Radiant Capital’s Latest Breach!
Release: 2024/10/19 16:39 Reading: 838
Crypto Security Breaches Highlight Industry Vulnerabilities
Radiant Capital's Repeat Hack
Radiant Capital, a victim of a previous hack, has suffered another cyberattack, resulting in the loss of over $50 million in cryptocurrencies. The attacker compromised Radiant's multi-signature wallet by accessing three private keys, allowing for contract modifications and fund embezzlement.
Phishing Scheme Targets Pepe Tokens
A phishing scam exploiting the "Permit2" method has stolen approximately $1.4 million, predominantly in PEPE tokens. The attacker tricked users into signing a fraudulent address, enabling the theft of their tokens. This incident underscores the risks associated with phishing in the cryptocurrency ecosystem.
DNS Hijacking Disrupts Ambient Finance
Decentralized exchange Ambient Finance has fallen prey to a DNS hijacking attack. The attacker seized control of the platform's domain, prompting the protocol to instruct users to suspend frontend interactions. This highlights the inherent vulnerabilities of web infrastructure despite efforts to foster a secure environment for crypto projects.
EigenLayer's Phishing Warning
EigenLayer, an Ethereum re-staking protocol, has issued a warning to users about a compromised X account containing phishing links. The team urges users to refrain from engaging with fraudulent messages.
These incidents serve as reminders of the ongoing security concerns within the crypto space, emphasizing the need for enhanced defensive mechanisms and advancements in DeFi and blockchain solutions. The industry continues to navigate challenges in mitigating such threats and ensuring the safety of its users' assets.
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