Exploits

Edvard Munch's "The Scream" (Art Institute of Chicago)
The Munchables Hack Is Way Worse Than It Seems
Apparently orchestrated from North Korea, the $63 million hack adds grist to the argument that crypto exploits pose a plausible national security risk.
Edvard Munch's "The Scream" (Art Institute of Chicago)

OrdiZK appears to have suffered a rug pull. (Clint Patterson/Unsplash)
Bitcoin Bridge OrdiZK Suffers Apparent $1.4M Rug Pull, Token Crashes to Zero: CertiK
The OrdiZK website and social media accounts are also offline.
OrdiZK appears to have suffered a rug pull. (Clint Patterson/Unsplash)

(fikry anshor/Unsplash, modified by CoinDesk)
Fantom Seeks Money Back From Multichain’s $200M Exploit
The move aims to enable victims to “partially recover” assets lost in one of the biggest exploits in 2023.
(fikry anshor/Unsplash, modified by CoinDesk)

(Kevin Ku/Unsplash)
Binance Freezes $4.2M in XRP Tokens Stolen From Ripple Executive's Wallet
Over $120 million in XRP was stolen from Ripple Labs Executive Chairman Chris Larsen earlier this week.
(Kevin Ku/Unsplash)

Cross-chain bridge attacks equal $2B in 2022 (Charlie Green/Unsplash)
Orbit Chain Loses $81M in Cross-Chain Bridge Exploit
The hacked funds remain "unmoved" according to Orbit Chain.
Cross-chain bridge attacks equal $2B in 2022 (Charlie Green/Unsplash)

Crypto hacks, scams and exploits netted some $2 billion this year. (fikry anshor/Unsplash, modified by CoinDesk)
Crypto Users Lost $2B to Hacks, Scams and Exploits in 2023, De.Fi Says
The figure is roughly half the estimated $4.2 billion of 2022, a year that also included $40 billion lost through the collapse of Terra, Celsius and FTX.
Crypto hacks, scams and exploits netted some $2 billion this year. (fikry anshor/Unsplash, modified by CoinDesk)

DeFi hacks represented 2% of total value locked across decentralized protocols in 2023. (fikry anshor/Unsplash, modified by CoinDesk)
DeFi Has a Risk Problem and It’s Time to Solve It
While the total losses from exploits fell to $1 billion from $54 billion the year prior, this is still an unacceptable threat to users, Haven1's Jeff Owens writes for Crypto 2...
DeFi hacks represented 2% of total value locked across decentralized protocols in 2023. (fikry anshor/Unsplash, modified by CoinDesk)

Ledger Nano S hard wallet opened to show the screen display
Ledger Exploit Endangers DeFi; Sushi Says 'Do Not Interact With ANY dApps'
The exploit reportedly prompts users to connect their wallets via a pop-up, triggering a token drainer.
Ledger Nano S hard wallet opened to show the screen display

(Kenny Eliason/Unsplash, modified by CoinDesk)
Code Is Not (Always) Law
Sometimes, the law is the law, industry experts say.
(Kenny Eliason/Unsplash, modified by CoinDesk)

KPMG Building (Shutterstock)
KPMG Canada Teams Up With Chainalysis to Fight Crypto Frauds and Exploits
The duo will help companies adhere to crypto regulations and advance anti-money laundering compliance programs.
KPMG Building (Shutterstock)