This week’s Crypto Hack Weekly Report brings to mild the most recent hacks and vulnerabilities shaking the crypto world. From breaches in outstanding platforms to the exploitation of movie star accounts, these incidents have created important ripples locally.
Right here’s an in depth have a look at the most important hacks and the countermeasures taken. It’s going to be heavy for certain!
1. Dough Finance Points Ultimatum After $1.96 Million Exploit
Dough Finance encountered on the twelfth of July, 2024 a hack becoming a member of the listing of newly hacked crypto organizations. An unknown hacker was capable of breach utilizing a flaw in its sensible contract and received away with about $1. 96 million.
In response, Dough Finance issued an on-chain message demanding the hacker attain out by way of electronic mail and return the funds to a specified handle by July 15, 2024, at 23:00 UTC. The group warned that failure to conform would result in authorized motion to recuperate the stolen property.
2. Compound Finance Web site Compromised!
Michael Lewellen, the safety advisor for Compound DAO, revealed that the official Compound Finance web site (compound.finance) had been hacked. The breach resulted within the website displaying a phishing web page designed to steal consumer info.
Lewellen rapidly urged the crypto group to keep away from interacting with the location to guard their property. Though the precise assault methodology stays unclear, this incident highlights the continued risk of area compromises concentrating on high-profile crypto platforms. The group regained management of the web site and enhanced its safety measures.
The crypto group’s belief in movie star endorsements took a success when Doja Cat’s Twitter account, with its 5.3 million followers, was compromised. The hacker used the account to advertise the meme coin $DOJA, posting a tweet urging followers to “buy $DOJA or else,” together with a hyperlink to a Solana pockets and a picture of Doja Cat in a chainmail hood.
Doja Cat rapidly alerted her Instagram followers concerning the hack, however the harm was achieved. The $DOJA token noticed a quick market cap improve to $1.65 million earlier than plummeting by 96%. This incident is a part of a troubling development the place movie star accounts are hijacked to advertise rip-off tokens, much like previous assaults involving Hulk Hogan and Metallica. These scams not solely hurt the celebrities but in addition trigger important monetary losses to their followers.
Keep Secure Out There Of us!
In social media accounts, act responsibly regarding privateness points; don’t click on on unknown hyperlinks and messages; get extra details about present developments within the crypto world, particularly regarding safety. In unity, we will stronger and safer the crypto area.
Additionally, Verify Out: Crypto Hacks Report: Over $1.5 Billion Stolen in H1 2024!
Cryptocurrency safety is a group effort. Share this report and unfold consciousness!