Hack

Data from Immunefi shows there was a total loss of $15 million due to hacks last month, marking the lowest monthly losses year-to-date. In total, there was a loss of more than $1.2 billion to hacks and frauds this year, representing a 16% increase when compared to the same period last year. These losses were primarily driven by over $358 million lost in May and $274 million lost in July. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Sep 4, 2024

According to Immunefi, 80% of token prices suffer negative price impact for at least 6 months after a hack. In its latest report, the team reviewed a sample of 176 hacking incidents between 2021 and 2023 and discovered that the market impact of a hack persists and intensifies over time, continuing for at least 6 months after the incident. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Aug 23, 2024

According to a new report from Crystal Intelligence, almost $19 billion worth of cryptocurrency has been stolen in thefts over the past 13 years. The report notes 785 incidents of crypto theft comprising 220 security breaches, 345 DeFi hacks and 220 fraud schemes. CoinDesk's Michele Musso presents "The Chart of the Day."

Jun 12, 2024

The crypto industry saw just over $67 million lost to hacks and fraud in February across 12 incidents, according to data from Web3 bug bounty platform Immunefi. DeFi continues to be the main target for exploits, with crypto gaming platform PlayDapp losing $32 million and decentralized crypto exchange Fixedfloat losing $26 million. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

Mar 5, 2024

TRM Labs Head of Legal and Government Affairs Ari Redbord answers five rapid fire questions from CoinDesk including the major concern in the crypto sector in 2024, his crypto hack education outlook and the runs he has been on with crypto folks.

Feb 20, 2024

Ari Redbord, Head of Legal and Government Affairs at TRM Labs, joins "First Mover" to discuss the emerging hacks and exploits in the crypto industry in 2024. Plus, insights on the national security threat posed by hacks that involve North Korea.

Feb 20, 2024

Exploits and hacks are on the rise as the crypto industry approaches the end of the first quarter in 2024. CoinDesk's Jennifer Sanasie breaks down an Immunefi report on the state of hacking and several exploits at Orbit Chain, Gamee and CoinsPaid.

Feb 16, 2024

Data from TRM Labs shows that hack volumes in crypto fell by more than 50% in 2023 when compared to the year before. While the number of attacks remained relatively stable, the firm notes that the amount of funds stolen shrunk to $1.7 billion through November 2023. CoinDesk's Jennifer Sanasie breaks down "The Chart of the Day."

Dec 29, 2023

The $70 million hack on Curve, one of the largest decentralized crypto exchanges, revealed cracks in the DeFi promise. The hack set off a Rube Goldberg-esque series of events that pushed DeFi lending to its limits – threatening to send the price of a key DeFi asset into a downward “death spiral,” and raising critical questions about whether community-driven financial platforms are equipped to manage risk. "The Hash" panel weighs in.

Aug 23, 2023

Attacks on token protocols and crypto projects dropped a staggering 70% in Q1 2023 compared to the same period last year when greed and valuations ran rampant, according to a new report from security firm TRM Labs. "The Hash" panel weighs in on the drop.

May 24, 2023