Biggest crypto wallets hacked, with losses in the tens of millions🚨

Aug 06, 2022

ZB Crypto Exchange Loses Nearly $5M

Crypto exchange ZB Exchange has paused user withdrawals, likely in response to a suspected hack that appears to have drained nearly $5 million in tokens from the firm’s hot wallet on Tuesday.
Funds were drained from more than 20 cryptocurrencies.

Reaper Farm Lost $1.7M From Exploit

Reaper Farm, previously known as Reaper finance, was hacked.
The yield aggregator on the Fantom network had its multi-strategy vault hacked.
The blackhat hacker took advantage of a critical vulnerability in the smart contract and started draining the vault.
The smart contract flaw allowed the hacker to withdraw anybody’s assets to their account.

Nomad crypto bridge fell for $200M

The exploit was made possible by a misconfiguration of the project’s main smart contract that allowed anyone with a basic understanding of the code to authorize withdrawals to themselves.
Exploiters unusually removed tokens, as each token was removed in nearly equivalent denominations.
For example, transactions with exactly 202,440.725413 USDC were executed over 200 times.
Below are the affected tokens in the bridge exploit.

Solana ecosystem hit by the hack, 8000 hot wallets drained

The multi-million Solana crypto hack that drained over 8,000 wallets worth around $8 million has been linked to accounts tied with the Slope mobile wallet app.

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➚Introduction to DApps

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