The Aftermath of Three Major Crypto Hacks
Three major crypto hacks recently occurred, involving millions of dollars in stolen funds. From breaches to vulnerabilities, the attacks impacted various aspects of the DeFi world. If you want to understand how these hacks happened and their implications for you, keep reading.
Orbit Bridge Breach: An $82M Incident
At the beginning of 2024, an alarming $81.7 million breach on Orbit Chain’s bridging service, Orbit Bridge, was discovered. The sophisticated attack involved hackers moving significant amounts of various cryptocurrencies to undisclosed wallets.
Radiant Capital’s Challenge: A $4.5M Breach Uncovered
Radiant Capital’s cross-chain lending protocol stopped its lending and borrowing markets after discovering a reported $4.5 million exploit linked to one of its USDC Coin (USDC) markets.
Gamma Strategies’ Strategy: A $3.4M Retrieval Effort
Gamma Strategies, specializing in Ethereum-based liquidity management, took a distinct approach to address its $3.4 million exploit from January 4th.
Hot Take
The recent crypto hacks highlight the importance of adjusting your investing strategy to mitigate the potential risks associated with such attacks. Stay informed and proceed with caution in the crypto realm.
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