Ronin Network Loses $9.8M 💸

#Ronin Network has lost $9.8 million worth of Ether in a potential exploit, which may have been conducted by a white hat hacker, according to a post by PeckShield.

White hat hackers exploit #vulnerabilities to help improve security and typically return the stolen funds after proving the code is flawed. If this is the case with Ronin, the funds could be returned soon.

Additionally, hackers with malicious intent have also been known to return #stolen funds, as evidenced by a $71 million crypto return in May after significant attention was brought to the incident.

#Binance
#crypto2024

KyberSwap Exploiter on the Move Again? 🥶

The drama surrounding the massive #KyberSwap hack from last November continues.

The hacker, responsible for stealing nearly $49 million, has been spotted moving $2.5 million worth of #stolen Ether to a different blockchain. This suspicious activity, following earlier transfers of stablecoins, raises concerns about the hacker's motives and the potential laundering of stolen funds.

Despite offering a hefty #bounty and attempting to negotiate a return, KyberSwap has been unable to recover the stolen crypto. The attack took a heavy toll on the company, forcing them to lay off half their workforce and offer grants to affected users.

With the latest movement of funds, the question remains: will the stolen millions ever be recovered, or will this saga continue to unfold?

#Binance
#crypto2024

Japanese Crypto Exchange #DMM $BTC Suffers $305M #Hack :

4,502.9 BTC ($305 million) was #stolen from the exchange.

DMM Bitcoin said it will guarantee the full amount stolen.

All spot buys have been temporarily restricted and customers withdrawing yen may face delays.

DMM Bitcoin, a Japanese cryptocurrency exchange, said it lost 48 billion yen ($305 million) of bitcoin {{BTC}} following a hack.