2 years ago
Crypto-related exploits, hacks, and scams successful May resulted successful astir $60 cardinal successful losses, according to blockchain information steadfast Certik.
On May 31, CertiK confirmed that malicious players successful the manufacture stole $59.8 cardinal done exit scams, flash indebtedness attacks, and DeFi protocol exploits. This brought the full year-to-date malicious losses to $489.57 million.
Source: CertiKIn April, Certik reported full malicious losses of $103 million, making May’s fig a important simplification implicit the erstwhile month.
Recent large attacks
On-chain Dectective ZachXBT reported an exit scam by crypto concern level Morgan DF Fintoch, which allegedly stole $31.6 million. CryptoSlate reported that the institution made respective fake claims and utilized a paid histrion arsenic its CEO.
The Jimbos protocol’s $7.5 cardinal flash indebtedness exploit lost 4,000 Ethereum (ETH) connected May 28. The squad said it was present moving with instrumentality enforcement agencies aft its 10% bounty connection to instrumentality stolen funds was ignored.
Other notable incidents see The Tornado Cash (TORN) governance attack, which led to a important driblet successful the token price, and the Deus DAO pain relation exploit, resulting successful a $6.5 million loss.
Additionally, copycat meme coins stay a problem. One specified lawsuit was the motorboat of a token imitating $PSYOP. The token’s creator, eth_ben, accused @3orovik of taking the PSYOP name, adding that users could not separate the 2 tokens.
Hackers are inactive relying connected mixers to determination their ill-gotten funds. As of April 30, Peckshield reported that malicious players transferred 956 ETH and 8,410 BNB into Tornado Cash, portion 450 BNB were sent to Fixed Float.
The station Crypto scams and exploits successful May led to $60M loss: CertiK appeared archetypal connected CryptoSlate.
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