November 2022 Kickstart with $32+ Million in DeFi Hacks🚨
HashingBits | Week- 44
In brief⚡
Events Under the Spotlight💥
Hackers target Deribit hot wallets and steal $28 million in crypto
Deribit, a cryptocurrency derivatives platform, was hacked for $28 million late November 1 (UTC).
During the breach, attackers gained access to Deribit's Bitcoin, Ethereum, and USDC hot wallets.
Client assets, Fireblocks, and cold storage addresses are unaffected.
Attacker’s ETH address: 0xb0606f433496bf66338b8ad6b6d51fc4d84a44cd
Attacker’s BTC address: bc1qw5g8lw4kzltpdcraehy2dt6dqda8080xd6vhl4kg4wwsypwerg9s3x6pvk
Solend lost $1.26M in Oracle Attack.
An exploiter had manipulated the Oracle price of an asset on their platform, allowing them to take out a loan that resulted in a $1.26 million loss for the platform.
The attacker took advantage of a flaw in the project's price-data oracle, which tracks the prices of various crypto assets.
The attack targeted three lending pools holding Hubble stablecoins, Coin98 tokens, and Kamino tokens.
Rubic exchange lost $303,758 after hackers stole their private key
An attacker gained access to the private key of an admin wallet for the Rubic crypto exchange and transferred approximately 34 million Rubic tokens.
The tokens were then sold on the decentralised exchanges Uniswap and PancakeSwap.
The stolen tokens were nominally worth nearly $2.8 million (but given the lack of liquidity to absorb such a large sale, it's unlikely the attackers could exchange them for that much.
Skyward Finance's treasury was depleted of $3.2 million
The NEAR-based token launchpad's treasury was drained of 1.1 million NEAR, worth approximately $3.2 million.
The exploit caused the SKYWARD price to plummet by 90%.
The attackers allegedly purchased large amounts of Skyward Tokens on Ref Finance, then redeemed them through the Treasury on Skyward Finance, earning more than the original investment in Skyward Tokens.
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