#hacking

‘We’ll be working with tier 1 auditors to strengthen our security around new features and push industry-leading practices in protecting our users,’ says Unibot’s team.

Atomic Wallet has landed in legal hot waters. This development comes after a hacking event that wiped out more than $100 million. The claimants assert that the developers neither informed the users about the security vulnerability nor contacted law enforcement after the breach. Many prosperous investors, some having affiliations with Russia, are included in the court case.

Ethereum co-founder has raised four primary concerns of Worldcoin: privacy, accessibility, centralization, and security. While Worldcoin's Proof-of-Personhood (PoP) system is designed to authenticate unique users without revealing personal data, Buterin warns that any data leak could lead to misuse of identity information. He also points out that accessibility is an issue, as participation requires physical access to a device called "Orb," potentially limiting the project's reach. Lastly, he mentions security risks such as phone hacking and coercion to scan irises. Despite these concerns, Buterin does see the value in the concept of Worldcoin, and suggests a combination of social-graph-based, general-hardware biometric, and specialized-hardware biometric techniques as a potential solution.

After launching its new token, NEXT, Connext experienced a Sybil attack during the airdrop phase. A perpetrator managed to acquire $38,000 in tokens, which were earmarked for genuine users. Notably, Connext is a protocol built for the secure transfer of both assets and data across different networks. Interestingly, the project’s prior efforts to implement an anti-Sybil program proved to be ineffective in preventing the hacking attempt.

The Exactly Protocol has suffered a hacking attack. Running on the Optimism blockchain, this lending DeFi platform was targeted by malefactors who stole over 4300 ETH, totaling approximately $7.3 million. Both BlockSec and Beosin security agencies have corroborated the theft. The hackers reportedly found and exploited a weak point in the platform's smart contracts, although the finer details are still under wraps. UPD: The team at Exactly Protocol would declare a $700,000 reward for any leads on the hacker, should they not receive a response from the malefactor by the end of August 22nd. "You can return the funds, minus a 10% fee to you, without worries about us coming after you," the Exactly team conveyed in their message.