DeFi’s ‘unknown and unpredictable’ risks curb institutional use — Fireblocks VP
Institutions are keen on DeFi, and its use among them is growing, but on-chain risks are hamstringing further adoption, says Fireblocks’ Shahar Madar.
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Hacks
Hedgey Finance hit by $44.5 million crypto theft across Arbitrum and Binance networks
Token infrastructure platform Hedgey Finance lost approximately $44.5 million of digital assets within two hours across Ethereum’s layer-2 network Arbitrum and Binance Smart Chain.
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Security Alliance launches crypto threat-sharing platform
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US court hands down historic sentence for smart contract hacker
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Large-scale phishing campaign detected on Etherscan ads
Ads carrying links to wallet drainers have been detected on Etherscan and a host of other crypto websites.
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Over $500 million in crypto stolen during Q1 through exploits: CertiK
Chris Larsen, Ripple’s co-founder, suffered the heaviest loss of the quarter, with over $110 million drained from his personal wallet.
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US government moves 30,175 Bitcoin confiscated from Silk Road to Coinbase
The US government transferred 30,175 Bitcoin (BTC), approximately worth $2 billion, to a wallet linked to crypto exchange Coinbase on April 2.
The move occurred amid a major dip in Bitcoin that took its price to a weekly low of $64,500 per BTC before bouncing above the key $65,000 support level.
FixedFloat reportedly suffers $2.8 million theft, Tether freezes $400,000 from attackers
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Munchables revamps security, onboards new multisig signers
The NFT gaming platform is making key changes to its internal security framework after narrowly avoiding a $63 million hack.
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Crypto thefts fall 48% month over month to $79 million in March
Crypto hacks saw a consecutive monthly decline, with malicious players stealing roughly $79 million from decentralized finance projects in March.
The fall represents a 48% decrease from the $160 million stolen in February.
Prisma Finance hacker demands public apology from developers
The “white hat” hacker behind the Prisma Finance exploit has demanded a public apology from the protocol’s developers.
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