IRA Financial Trust hack: $36M in crypto stolen💰
Hashing Bits | Week-7
Events Under the Spotlight
TopGoal NFT, a global GameFi and NFT platform’s hot wallet was attacked
After the attack, the team released an official postmortem, of the event. All NFT’s funds are safe.
Total 4,809,984 TMT tokens were compromised in the hack.
RigoBlock, a decentralised asset management protocol, was exploited
All the tokens at the Dragos, except USDT and ETH, are at the risk due to an exploited vulnerability in the protocol.
Build Finance, a venture capital organization DAO became a victim of governance takeover
The attacker successfully took over the organization bypassing a majority vote in the pool.
The hacker minted
1,000,000,000 $BUILDtokens.
Funds were routed through Tornado Cash.
Titano Finance, a high-yield optimising platform on BSC, was exploited
The attacker made a total profit of
4,828.7 BNB.Titano team released an official announcement stating the reimbursement of tokens.
IRA Financial, a leading provider of self-directed retirement accounts, was hacked leading to a theft of $36 Million
The hackers withdrew $21 Million in Bitcoin and $15 Million in Ether from the accounts of IRA Financial Trust.
The stolen funds were routed through Tornado Cash.
A user account on FutureSwap compromised
FutureSwap is a decentralized derivatives trading platform.
The attacker gained access to the account and transferred the rewards to the hacker-owned wallet on Arbitrum.
To the Numerophiles out there 🔢
British authorities just seized NFTs for the first time, in a £1.4 million fraud probe.
More From the Editor’s Desk
Consensus algorithms in a decentralized network like Bitcoin are similar to the central authority in a centralized system responsible for running a company’s database.
A good consensus mechanism is beneficial to the spread of blockchain technology in theory and practice. Check out below to get an insight on “Blockchain Consensus Mechanisms Beyond PoW and PoS”.
Word on the Block
Versus Series
Metaverse 🆚 Multiverse
Catch out the Key differences between various significant terminologies in the Blockchain.
Stay updated with the latest happenings in the blockchain world; join our Discord community here.