Articles for tag: blockchain security, cryptocurrency hack, DeFi, Ethereum, security breach, smart contract vulnerability, zkLend

Market News

zkLend Loses $9.5M in Crypto Heist, Urges Hacker to Return 90% of Funds for Recovery and Trust Restoration

zkLend, a decentralized money-lending platform on Starknet, experienced a security breach where hackers exploited a smart contract flaw, stealing 3,600 Ethereum valued at approximately $9.5 million. The attack, which occurred recently, was caused by a rounding error in the platform’s mint function. Despite attempts to launder the stolen funds through the RailGun protocol, hackers were ...

Market News

XT Exchange Hacked: $1.7 Million in Cryptocurrency Stolen, Withdrawal Services Suspended Amid Security Concerns

On November 28, 2024, cryptocurrency exchange XT.com suspended all withdrawals after a suspected hack led to the theft of around $1.7 million in digital assets. Initially, the exchange attributed the suspension to “wallet upgrade and maintenance.” However, a blockchain security firm, PeckShield, confirmed unusual transfers from XT.com’s wallets. The hacker exchanged the stolen funds into ...

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