DeFi-ing exploits: New Chainalysis tool tracks stolen crypto across multiple chains

defi-ing-exploits:-new-chainalysis-tool-tracks-stolen-crypto-across-multiple-chains

Blockchain analytics firm Chainalysis introduced a new tool to help monitor transactions and tokens across DeFi protocols and multiple blockchains. Blockchain analytics firm Chainalysis has released a new tool to track transactions across Decentralized Finance protocols and multiple blockchains. Chainalysis launched a beta version of its Storyline software on May 18. Touted as a “Web3-native … Read more

Crypto giants co-launch Chainabuse platform to water down rising scams

crypto-giants-co-launch-chainabuse-platform-to-water-down-rising-scams

Chainabuse allows crypto users, victims of financial crimes and crypto businesses to report, discuss and actively issue warnings to reduce the effectiveness of scams. Seven major crypto companies — Binance.US, Circle, Solana Foundation, The Aave Companies, Hedera, TRM Labs and Civic — joined hands to launch a community-driven scam reporting tool. Named Chainabuse, the tool … Read more

Axie Infinity’s Discord bot compromised, hackers issue fake minting message

axie-infinity’s-discord-bot-compromised,-hackers-issue-fake-minting-message

The developers have managed to delete the fake message and remove the MEE6 bot from the main server. Axie Infinity, the popular play-to-earn nonfungible token game, faced another attack on its Discord server earlier on Wednesday, leading to a compromise of its MEE6 bot. MEE6 is a popular discord bot mainly used for automating roles … Read more

DeFi attacks are on the rise — Will the industry be able to stem the tide?

defi-attacks-are-on-the-rise-—-will-the-industry-be-able-to-stem-the-tide?

Dozens of DeFi systems have been hacked over the past year, and the trend doesn’t seem to be abating. The decentralized finance (DeFi) industry has lost over a billion dollars to hackers in the past couple of months, and the situation seems to be spiraling out of control. According to the latest statistics, approximately $1.6 … Read more

Etherscan, CoinGecko warn against ongoing MetaMask phishing attacks

etherscan,-coingecko-warn-against-ongoing-metamask-phishing-attacks

While investigations are underway, the ongoing attack on various crypto platforms may be connected to the compromise of Coinzilla, an advertising and marketing agency. Popular crypto analytics platforms Etherscan and CoinGecko have parallelly issued an alert against an ongoing phishing attack on their platforms. The firms began investigating the attack after numerous users reported unusual … Read more