In the past week, the crypto world has been rocked by a series of high-profile incidents, resulting in a staggering $12.6 million in losses! Stars Arena, a FriendTech-inspired social platform, was hit by a devastating security breach, losing $3 million in AVAX tokens. However, they managed to recover 90% of the stolen funds, marking an intriguing turn of events. On the Avalanche network, Platypus Finance fell victim to three attacks, losing $2.2 million, with flash loans wreaking havoc once again. And if that wasn't enough, the FinSoul token team orchestrated a $1.3 million exit scam, leaving investors in shock. Stay tuned as we dive deeper into these crypto rollercoaster events and explore the dark underbelly of the blockchain world in next week's investigation. Don't miss out on this wild ride!
Discover the explosive world of Web3 security in our latest Hack3d report for Q3 2023. With malicious actors draining a jaw-dropping $699 million from Web3 platforms, surpassing earlier losses, and Lazarus Group's relentless assaults continuing from 2022, the stakes have never been higher. Private key breaches, totaling $204 million across fourteen incidents, expose the risks of improper key management in a supposedly decentralized industry. Plus, don't miss the year's biggest reentrancy attack triggered by a Vyper programming language glitch, impacting Curve pools and related protocols. For crypto journalists and savvy investors seeking insights, this Hack3d report is a vital watch, offering a deep dive into the industry's current status, tech adoption trends, and the transformative role of financial institutions in Web3's evolution. Join us in decoding the intricate Web3 security landscape—check out the full report at CertiK.com/resources.
Step into the captivating world of NFTs, where digital assets become one-of-a-kind treasures! NFTs are the digital fingerprints of the future, offering unparalleled uniqueness and security. But as Monkey Kingdom's $1.3 million loss and the Bored Apes Yacht Club's $350,000 hiccup have shown, the digital realm can be tricky to navigate. In this video, we unveil the secrets to safeguarding your NFT kingdom, from spotting red flags and understanding rugpulls to securing your private keys with cold storage and multi-factor authentication. Discover how CertiK's KYC process can be your shield against potential threats, just like CryptoPunks' triumphant comeback after a 2017 hack. Whether you're a creator, investor, or simply an NFT enthusiast, ensure your journey through the world of digital uniqueness is both thrilling and secure. Explore now at certik.com/resources and take your first step into the future of digital ownership!