Insights
The BonqDAO Price Oracle Hack Explained (February 2023)
The attacker exploited a bug in the price feed to change the price of the $ALBT token and to borrow 100 million $BEUR.
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Any Glaring Flaws in Avalanche Security?
The Avalanche's aim of leapfrogging Ethereum might seem impossible. 2022 hit AVAX hard, especially the TVL and dApp use. AVAX's market cap is approx. $4.1 billion, according to CoinMarketCap. The blockchain hosts 478 projects. Its unique architecture and scalability will hopefully bring the network back
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Why Team Finance was exploited for $14.5 million, despite its audit
On 27th October 2022, Team Finance lost $14.5 million due to a smart contract exploit in its migration function. The “v2 to v3 migration function” – the one that caused the exploit – was added a few months after the audit completion by Hacken. After they added the “migrate” functionality, Team
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Dogecoin Incident Investigation by Hacken
Brief overview of the incident On 11 November 2021, the biggest cryptocurrency exchange Binance reported to its users on the issue related to DOGE network withdrawals that took place the previous day. After the network update, the previously failed withdrawals got resent. Binance also informed its users that DOGE network
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Hacken Research: Enterprise adoption of blockchain technology
The internet revolution has presented the world with Web3, the third iteration of a constantly evolving ecosystem. Also known as decentralized web, Web3 ecosystems are designed to replace centralized infrastructure and allow every user to maintain complete control over the data, irrespective of whether they are interacting with an application
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HackerOne vs YesWeHack – Comparing Bug Bounty Solutions for Web3 Projects
How to Compare Bug Bounty Solutions for Web3 Companies When your web3 business must choose a bug bounty vendor, you need to list several decision-making criteria. You can segment those criteria into 4 groups: Industry-Asset Match * Primary Expertise * Customer Industries * Top Customers Competing Criteria * Pricing * Researcher count * Triage team * Review
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TOP-100 Exchanges By Cybersecurity Score #5
According to the Crystal blockchain report, $400M were stolen from centralized exchanges and $1,8B from DeFi services in 2021. The largest hack in 2021 was the Bitmart incident when attackers stole $200M in various cryptocurrencies. The stolen virtual assets were withdrawn from the exchange’s hot wallet. The hack
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DeFi Security Risks and Hacks in 2021
DeFi is the term attributable to decentralized financial systems including, among other activities, decentralized trading of virtual assets. One of the main characteristics of the DeFi system is no need for a middleman and autonomous nature. According to DeFi Pulse, the total value of assets locked in DeFi has reached
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KuCoin September 2020 Hack: Hacken Research
Last 2 weeks, the hottest crypto market topic was the KuCoin Hack. Our team highly values the need for user awareness of such threats, so here is a presentation of the research that was carried out by our specialists. Nevertheless, the issue of preventing such situations is of greater importance
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Bad security practices from Hotbit
It's well known that there are a lot of scammers in the cryptocurrency business. You need to be very attentive to all incoming offers in order not to fall into the scammer trap. Scammers didn't even pass by the leading cybersecurity company Hacken. Cybercrimes in the
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Pros and Cons of Lbank Exchange
General Information LBank is a Hong-Kong based crypto exchange focused mainly on the Chinese market. The exchange is ranked 12th by Coin Market Cap with $237.5 mln 24h trade volume (as of October 22). The Platform Launch Date Controversy The exchange’s English website version and description of the
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Trading Inside the Spread
As defined by Investopedia, liquidity “describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset’s price.” Hence, liquidity is one of the most essential qualities that traders and investors usually look for in modern crypto exchanges. The