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Heco Bridge Hack: $86 Million in Cryptos Stolen, Justin Sun Assures Safety as Investigation Commences
Shiba Inu

Heco Bridge Hack: $86 Million in Cryptos Stolen, Justin Sun Assures Safety as Investigation Commences

In a significant blow to the crypto community, blockchain security firm PeckShield revealed in a recent tweet that the Heco Bridge, a protocol facilitating the movement of funds between HTX's Heco Chain and the Ethereum network, fell victim to a malicious attack. The devastating breach resulted in the theft of over $86 million worth of various cryptocurrencies, including prominent assets like Shiba Inu (SHIB). Read Also: HTX HECO Bridge Hacked for $83.4 Million: Justin Sun's Ecosystem Faces Third Major Exploit in Two Months https://twitter.com/PeckShieldAlert/status/1727290028064436539 Attack Details and Stolen Assets PeckShield's announcement outlined the staggering extent of the attack, disclosing that the stolen assets comprised 346.9 billion SHIB (valued at $2.8 million), 42.11...
HTX HECO Bridge Hacked for $83.4 Million: Justin Sun’s Ecosystem Faces Third Major Exploit in Two Months
Shiba Inu

HTX HECO Bridge Hacked for $83.4 Million: Justin Sun’s Ecosystem Faces Third Major Exploit in Two Months

In a major blow to the crypto ecosystem associated with Justin Sun, the HTX HECO Bridge fell victim to a sophisticated hack this morning, resulting in the theft of $83.4 million worth of various cryptocurrencies. The exploit was flagged by on-chain analytical systems, triggering concerns and temporary closure of deposits and withdrawals on the platform. Confirmation from Justin Sun The founder of the crypto exchange HTX, Justin Sun, confirmed the incident in a recent post on X, a social media platform. Sun assured users that the exchange would cover any losses incurred by the hot wallet. While the official HTX account on X has yet to make a statement, the team announced the temporary suspension of deposits and withdrawals through their official Telegram account. Read Also: Shiba Inu (...
Terraport Security Breach Unveils Significant Developments and Raises Questions About TerraCVita’s Monitoring Efforts
Terra Classic (LUNC)

Terraport Security Breach Unveils Significant Developments and Raises Questions About TerraCVita’s Monitoring Efforts

In the aftermath of the Terraport security breach that took place in April, new revelations have come to light, leaving investors and the cryptocurrency community concerned about the efficacy of TerraCVita's monitoring and recovery efforts. LUNC Community Doubts TerraCVita's Monitoring Efforts TerraCVita, the organization behind Terraport, has reportedly engaged law enforcement agencies to assist in recovering the stolen funds. However, recent developments have cast doubts on their ability to effectively track and secure assets. Read Also: Former Terra Classic Developer, Zaradar, Expresses Willingness to Assist L1JTF Despite Controversial Departure TerraCVita's efforts to recover the funds were dealt a significant blow when the exploiters successfully moved over 985 million Terra C...
Terraport 2.0 Faces Hacking Crisis as “Hackers” Manipulate LUNC Coin and Seek Support
Blockchain

Terraport 2.0 Faces Hacking Crisis as “Hackers” Manipulate LUNC Coin and Seek Support

In a shocking turn of events, Terraport 2.0, the renowned blockchain-based logistics platform, has fallen victim to a hacking incident, leaving its users and stakeholders concerned about the future of the project. The perpetrators, dubbing themselves "hackers," executed a large-scale transaction on the popular LUNC cryptocurrency network, while simultaneously seeking support for the implementation of Terraport 2.0. The incident, which involved a substantial transfer of approximately 800 million LUNC tokens to a centralized exchange (CEX) followed by a subsequent dump, has sent shockwaves throughout the crypto community. Read Also: Tony Edward Foresees XRP Rally upon Bitcoin's Retracement Peak, Hinging on Ripple Lawsuit Outcome Terraport 2.0 Suffers Another Major Hack, 800M LUNC Transfe...
Ransomware Hackers: Steps To Protect Your Assets
Crypto Guides

Ransomware Hackers: Steps To Protect Your Assets

Ransomware hackers have caused tremendous harm in cyberspace since the inception of the internet, the attacks on digital assets is not selective, because Government and non-governmental organization, as well as individuals, have gotten a bite of internet attackers. In the digital world, malware that seems malicious can be the cause of a date experiencing breaches and this will in turn affect the regular operation of the site and by extension affect individuals and organizations. But this can be avoided if preparation was made earlier to reprimand the attack, and to protect your digital assets. Read Also: BitPay Enters New Partnership With Ramp To Allow Users Buy And Sell Digital Assets Including Shiba Inu What Is Ransomware Attack? Ransomware attacks are the act of holding digit...
2023 Index of Smart Contract Security
Crypto Guides

2023 Index of Smart Contract Security

The 2023 index of smart contract security is important for everyone in the blockchain world, this is because smart contract differentiates Blockchain technology from any other decentralized platform in the aspect of financial activities, therefore any information that suggests ways how to protect the credibility of smart contract should be given absolute consideration. The massive growth in the blockchain space continues to attract crimes and hackers that make the integrity of smart contract activity doubtful. This article will highlight some measures to take that will help in securing smart contracts and by extension blockchain technology in 2023. Some of the indexes in 2023 are listed below. Definition of Smart Contract A smart Contract is a medium of establishing an agreement ...