Attack

The Shibarium bridge, a layer-2 scaling solution for the Shiba Inu ecosystem, was recently targeted in a sophisticated flash loan attack, resulting in the drainage of approximately $2.4 million, according to the report by Coinidol.com.

A new study by researchers has brought a critical, long-term threat to the forefront of the cryptocurrency conversation: quantum computing.

Shiba Inu (SHIB) price have fallen below the moving average lines. Cryptocurrency price analysis brought by Coinidol.com.

On the night of October 4, 2024, users of LEGO's legitimate website discovered a banner so bold that it warranted attention for all the wrong reasons: large golden coins emblazoned with the LEGO logo-this was a declaration of the "LEGO coin," and it was openly advertising for customers to buy into it, promising "hidden rewards" for the purchaser.

On August 22, 2022, an unknown hacker tried to break the NEAR/ETH Rainbow Bridge. However, the hack was blocked, protecting users' money. It also cost the criminal around 5 ETH (~$8,000).

One of the largest exchanges in the world has been in trouble a lot lately. Just recently, it had to deal with scrutiny over regulatory issues. Now their customers have been robbed of their money by a cyber attack.

Ever since Bitcoin experienced one of its largest pullbacks in May this year, critics have once again used this volatility to attack Bitcoin, saying it is not a good store of value because its price can fall 40% in a week. While that argument sounds logical at first, my own deeper analysis delivers a rather alarming result.

In the latest rounds of attack on DeFi (Decentralized Finance), FinNexus Options Protocol and DeFi platform lost close to $8 million. DeFi experts say the attack was either executed via stolen admin keys or a rug pull. In the attack, FinNexus lost more than 383 million FNX tokens pushing the price of the token to plummet by at least 90%.

With New Zealand Exchange Cryptopia in the midst of a liquidation process, hackers seem to consider it an easy victim. Despite it being under the supervision of Grant Thornton liquidators, criminals have stolen over $40,000.