In a turn of events that reads more like a corporate negotiation than a cybercrime, a hacker who exploited the decentralized exchange GMX for over $50 million has walked away with a $5 million “bug bounty” after returning the remaining funds. This incident highlights a growing, if controversial, trend in
In the Wild West of decentralized finance (DeFi), stories of exploits and multimillion-dollar losses are all too common. But a recent event on the popular derivatives exchange GMX has flipped the script, offering a rare glimpse of ethics—and a potential turning point for the industry. An exploiter who skillfully drained
A stealthy attack on the crypto development pipeline highlights a growing threat for developers and investors alike. This isn’t just about one tool; it’s about the trust we place in the digital infrastructure of Web3. A widely-used development tool within the Ethereum ecosystem, with an estimated 6.000 installations, was recently
In a stunning blow to the decentralized finance (DeFi) space, GMX, a popular decentralized exchange, has confirmed a massive $40 million exploit targeting its V1 GLP pool on the Arbitrum network. This incident, part of a troubling wave of crypto attacks in 2025, has sparked urgent conversations about security in
In a surprising turn of events, a hacker linked to a previous Coinbase exploit has resurfaced, making waves in the crypto market with a massive purchase of Ethereum (ETH). The wallet, known for past illicit activities, recently acquired 4,863 ETH worth $12.5 million using the stablecoin DAI, at an average
In the ever-evolving world of cryptocurrency, a jaw-dropping movement of Bitcoin (BTC) worth $8.6 billion has set the crypto community abuzz. On July 4, a staggering 80,000 BTC, dormant for 14 years, was transferred across multiple wallets, raising eyebrows and fueling speculation about whether this was a legitimate move or
Hackers stole $140 million from Brazil’s central bank infrastructure by bribing an employee of C&M Software, a key technology provider connecting financial institutions to the central bank’s reserve system. The breach occurred on June 30, 2025, when attackers used compromised credentials to siphon funds from six reserve accounts. The Attack
Hackers stole over R$1 billion (approximately $180 million) from Brazil’s central banking reserves this week in the country’s largest-ever financial cyberattack. The breach targeted C&M Software, an authorized service provider for Brazil’s payment infrastructure, allowing attackers to siphon funds from reserve accounts of at least six financial institutions including Bradesco
In a turn of events that reads more like a corporate negotiation than a cybercrime, a hacker who exploited the decentralized exchange GMX for over $50 million has walked away with a $5 million “bug bounty” after returning the remaining funds. This incident highlights a growing, if controversial, trend in
In the Wild West of decentralized finance (DeFi), stories of exploits and multimillion-dollar losses are all too common. But a recent event on the popular derivatives exchange GMX has flipped the script, offering a rare glimpse of ethics—and a potential turning point for the industry. An exploiter who skillfully drained
A stealthy attack on the crypto development pipeline highlights a growing threat for developers and investors alike. This isn’t just about one tool; it’s about the trust we place in the digital infrastructure of Web3. A widely-used development tool within the Ethereum ecosystem, with an estimated 6.000 installations, was recently
In a stunning blow to the decentralized finance (DeFi) space, GMX, a popular decentralized exchange, has confirmed a massive $40 million exploit targeting its V1 GLP pool on the Arbitrum network. This incident, part of a troubling wave of crypto attacks in 2025, has sparked urgent conversations about security in
In a surprising turn of events, a hacker linked to a previous Coinbase exploit has resurfaced, making waves in the crypto market with a massive purchase of Ethereum (ETH). The wallet, known for past illicit activities, recently acquired 4,863 ETH worth $12.5 million using the stablecoin DAI, at an average
In the ever-evolving world of cryptocurrency, a jaw-dropping movement of Bitcoin (BTC) worth $8.6 billion has set the crypto community abuzz. On July 4, a staggering 80,000 BTC, dormant for 14 years, was transferred across multiple wallets, raising eyebrows and fueling speculation about whether this was a legitimate move or
Hackers stole $140 million from Brazil’s central bank infrastructure by bribing an employee of C&M Software, a key technology provider connecting financial institutions to the central bank’s reserve system. The breach occurred on June 30, 2025, when attackers used compromised credentials to siphon funds from six reserve accounts. The Attack
Hackers stole over R$1 billion (approximately $180 million) from Brazil’s central banking reserves this week in the country’s largest-ever financial cyberattack. The breach targeted C&M Software, an authorized service provider for Brazil’s payment infrastructure, allowing attackers to siphon funds from reserve accounts of at least six financial institutions including Bradesco
