A computer engineer and hardware hacker has revealed how he managed to crack a Trezor One hardware wallet containing more than $2 million in funds.Joe Grand — who is based in Portland also known by his hacker alias “Kingpin" — uploaded a Youtube video explaining how he pulled off the ingenious hack.After deciding to cash out an original investment of roughly $50,000 in Theta in … [Read more...] about Engineer hacks Trezor wallet, recovers $2M in ‘lost’ crypto
Hacks
ImmuneFi report $10B in DeFi hacks and losses across 2021
Decentralized finance, or DeFi, security platform and bug bounty service ImmuneFi published an official report on Thursday which calculated the total volume of losses in the cryptocurrency markets in 2021. According to its report, the company found that losses resulting from hacks, scams and other malicious activities exceeded $10.2 billion dollars over the past … [Read more...] about ImmuneFi report $10B in DeFi hacks and losses across 2021
DeFi hacks will advance the crypto sector moving forward
The rise of decentralized finance, or DeFi, could be paving the way toward a fully decentralized financial ecosystem. Yet, given the innovative nature of DeFi, the sector remains in constant development and is therefore prone to a number of vulnerabilities. Unsurprisingly, one of the biggest challenges currently facing the DeFi sector is security threats. This has become … [Read more...] about DeFi hacks will advance the crypto sector moving forward
DeFi hacks and exploits total $285M since 2019, Messari reports
Decentralized finan’s rising popularity since 2019 has seen the emerging market segment become a target for hackers and opportunistic profiteers.According to a report by crypto research company Messari, DeFi protocols have lost about $284.9 million to hacks and other exploit attacks since 2019. This figure is about 0.65% of the adjusted total value locked of the Ethereum-based … [Read more...] about DeFi hacks and exploits total $285M since 2019, Messari reports