Stay Informed About the Latest Blockchain Exploits
Stay up-to-date with the latest news on blockchain exploits and hacks to protect your assets and investments.
The Recent Nexera Token Breach
Discover the details of the recent breach on Nexera, resulting in a loss of $1.5 million and the measures taken by the company to address the exploit.
Nexera Investigates Exploit
- Announcement of the breach by Nexera
- Pause of NXRA token contract
- Halt of trading on decentralized exchanges
- Efforts to suspend trading on centralized exchanges
NXRA Token Value Plummet
- Current trading price of NXRA at $0.033
- Attacker’s possession of 32.5 million NXRA tokens
- Transition of NXRA tokens to Ether by the hacker
- Transfer of funds to the BNB chain
Increased Cybersecurity Threats
- Conversion of stolen tokens into Ether by hackers
- Use of cryptocurrency mixers like Tornado Cash for fund laundering
- Linking of attacker to previous incidents of compromised private keys
Rise in Crypto Hacks: July Recap
Explore the significant financial losses incurred in the crypto sector due to hacks in July, totaling approximately $266 million across 16 breaches.
Major Incidents in July
- Hack on WazirX resulting in $230 million losses
- Losses by Compound Finance, Li.Fi, Bittensor, and Rho Markets
- Usage of Tornado Cash for fund concealment
- Comparison with lower losses in June
Notable July Hack on Terra Blockchain
- Halt of operations on Terra blockchain due to a $6 million theft
- Exploitation of vulnerability leading to token and asset theft
- Charges against a Las Vegas resident for a fraudulent recovery scheme
Hot Take: Protect Your Crypto Assets
It’s essential to stay vigilant against cybersecurity threats in the crypto space and ensure the safety of your digital assets. Keep yourself informed and implement robust security measures to safeguard your investments.
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