The Vault · 2026-03-02 15:38:10 · ai
A decentralized lottery protocol has recovered the majority of funds following a security exploit, highlighting the growing role of ethical hackers in Web3 incident response. Foom Cash, a zero-knowledge proof-based anonymous lottery protocol, was exploited for $2.26 million in a breach stemming from a deployment error ...
The Vault · 2026-03-31 02:56:48 · CoinTelegraph
A hacker accused of stealing $54 million from the DeFi protocol Uranium Finance now faces up to three decades in prison, with prosecutors alleging the stolen funds were funneled into a bizarre collection of high-value memorabilia. The indictment details purchases of rare Pokémon cards, antique Roman coins, and a piece ...
The Network · 2026-04-05 09:26:55 · Wired
A chaotic breach of Syrian government accounts in March has exposed a far more troubling reality: a state struggling with the most basic layer of cybersecurity. The hijacking of official accounts was not a sophisticated, targeted attack but a blunt-force demonstration of systemic digital vulnerabilities. This incident ...
The Vault · 2026-04-07 18:57:01 · Decrypt
In a direct response to the $285 million exploit of the Drift Protocol, the Solana Foundation is moving to institutionalize security for its decentralized finance ecosystem. The foundation announced it will offer tiered security services to DeFi protocols built on Solana, marking a significant shift from a purely hands...
The Network · 2026-04-13 10:52:43 · Wired
A seemingly juvenile hack that hijacked city crosswalk announcements to mimic tech billionaires Mark Zuckerberg and Elon Musk has exposed a far more serious and systemic vulnerability in public infrastructure. Records obtained by WIRED reveal that local authorities were profoundly unprepared for the digital intrusion, ...
The Vault · 2026-04-13 18:52:26 · Decrypt
A crypto hacker executed a massive exploit on a Polkadot bridge, creating over $1.1 billion worth of DOT tokens out of thin air. The staggering mint, however, collided with a critical reality: the attacker could only convert a minuscule fraction of that theoretical fortune into real assets, netting just $237,000 before...
The Vault · 2026-04-16 13:22:43 · Bloomberg Markets
The decentralized finance (DeFi) sector, once the digital-asset industry's engine of innovation, is facing a multi-front crisis. A massive $285 million crypto hack has shattered confidence, while simultaneously, the foundational appeal of DeFi—high yields—is collapsing. This one-two punch exposes the sector's acute vul...
The Vault · 2026-04-17 11:22:51 · Decrypt
A class action lawsuit has been filed against Circle, the issuer of the USDC stablecoin, alleging a critical failure to act during the $285 million hack of the Solana-based trading platform Drift Protocol. The core allegation is that Circle had an eight-hour window to freeze the stolen USDC but did not do so, allowing ...
The Vault · 2026-04-21 19:52:32 · Protos
A $290 million hack on Kelp DAO has shattered the illusion of decentralized, autonomous finance, exposing a messy and very human blame game among the sector's leading players. The incident has triggered a $14 billion fallout, leaving users' funds trapped in what was marketed as the safe, boring side of DeFi, and now po...
The Vault · 2026-05-05 23:31:38 · Decrypt
Kelp, a decentralized finance (DeFi) protocol, has formally blamed LayerZero for the $292 million exploit that gutted its liquidity, and is now accelerating plans to migrate its infrastructure to Chainlink. The accusation escalates a deepening confrontation between two major blockchain interoperability providers, with ...