Weekly Crypto Hack Report: Top Hacks and Vulnerabilities You Need to Know

Quick Summary:

Ranging from decentralized exchanges and hardware wallets to social media profiles and even entire blockchain networks, these reveal vulnerabilities while showing there are still dangers lurking in the crypto world.

It took advantage of the Rebalancer smart contract, focusing on the _burn() method; attackers stole 133.7 ETH worth over $501,000.

Despite unaffected centralized exchanges and custodians, the attack unveiled profound vulnerability in decentralisation and the robustness of the network.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United StatesIndiaSouth Korea

Topics: News Hack

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-14 @ 11:26:52 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 461 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 24406355

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 24 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

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