The first week of 2024 already has DeFi users on edge after three security incidents in five days.
Over the new year, South Korean cross-chain bridging project Orbit Chain lost $80 million in assets to hackers who’d raided the protocol’s multi-signature wallet.
The team says it’s now working with domestic and international law enforcement to determine the next steps and ways to execute a viable recovery plan.
On Monday — two days after the Orbit attack — cross-chain money market Radiant Capital lost an estimated $4.5 million in a flash loan attack.
A bad actor had manipulated the liquidity index of a freshly created native USDC market on Arbitrum to rapidly siphon crypto…
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