“Not your key, not your coin”, cryptocurrency investors keep chanting. In other words, when keys are secure, assets remain safe from any theft or hoarding initiative. However, Ivan Bianco, a Brazilian crypto influencer, inadvertently exposed his private keys. The result: a good part of his cryptocurrency holdings evaporated.
Last Friday, Curve set a deadline for hacker DeFi to return all the stolen money: Sunday August 6 at 8 a.m. UTC. Once this deadline has passed, the team will take drastic measures to hand him over to the appropriate authorities. If the latest news is to be believed, the pirate has returned part of the jackpot. And in the process, he has dared to mock the crypto community by saying that he is "smarter" to evade possible hunts.
Late yesterday evening, Curve Finance suffered a re-entry attack. Provisional reports of the hack indicated a loss of some $26 million. Except that it was a long night for the Curve team, and so was the list of break-ins. According to the latest news, the total amount of money stolen is in the region of $52 million.
Multichain is feeling the heat. After the confirmation of a $125 million theft last week, a new hack has been reported involving $103 million. Analysts are not ruling out the possibility of an inside job.
While networks are renowned for their security, this doesn't always prevent malicious individuals from circumventing it. Once again, Poly Network has been targeted by an attack that has compromised numerous assets. As a result, its services may be temporarily interrupted.
America's largest crypto exchange, Coinbase, refuses to take responsibility for a security breach that resulted in huge losses. At the same time, it categorically refuses to reimburse its customers for losses incurred as a result of a security breach.