North Korean hackers behind $625 million Axie heist

The US Treasury Department has linked an Ethereum wallet to a North Korean hacking group for the theft of $625 million; here is all you need to know.  A rise in crypto-heists As the popularity and use of cryptocurrencies soar, several issues are springing up with cryptocurrency use. An example of this is the numerous … Read more

Sky Mavis raises $150 million to reimburse theft victims

Sky Mavis is the company behind Axie Infinity, and after a recent heist that saw it lose over $600 million, the company is raising funds to reimburse users Sky Mavis: An embattled Company The last few days have been some of the worse for the Sky Mavis team; a heist was targeted at this company, … Read more

Poly Network Hack — Reconsidering the ‘Real Hacker’ Scenario

The recent Poly Network inter-chain hack, including Ethereum, Binance Smart Chain, and Polygon, has caused a lot of hype as the hacker returned the stolen funds. Sponsored Sponsored The longer the story goes on, the more details and speculation about the hacker’s true motives appear. If you take a closer look at this event, you … Read more

BurgerSwap Experiences Flash Loan Attack, Loses $7 Million

Today, a decentralized finance (DeFi) protocol running on the Binance Smart Chain (BSC), BurgerSwap, lost a whopping sum of $7.2 million through a flash loan attack. This money was stolen in a series of fourteen transactions.  The total amount received by the attackers was 8,800 WBNB, a 493 WBNB swapped to 108,700 BURGER on BurgerSwap. … Read more