Topic: #security
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Crypto exploit losses plunge 90% in May to $68.3 million
Crypto platform exploit losses dropped to $68.3 million in May, a 90% decline from April's $650 million. May marks the third month of 2026 with losses under $100 million, though cross-chain bridges remain the most targeted infrastructure.
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White-hat hacker recovers $2M from 2016 Hong Coin ICO smart contract
A pseudonymous white-hat hacker known as 0xflorent helped recover $2 million worth of Ether locked in a failed 2016 ICO smart contract, enabling refunds to 48 investors after nearly a decade through exploitation of an integer overflow vulnerability.
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Security researcher recovers $2M in locked ETH from nine-year-old HongCoin bug
A white-hat security researcher discovered and fixed an integer-overflow vulnerability in the HongCoin ICO smart contract, recovering approximately $2 million worth of ETH that had been trapped since the 2016 token sale failed to reach its funding goal.
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Gravity Bridge halts after $5.4M exploit tied to signing key compromise
Gravity Bridge, a cross-chain bridge connecting Ethereum and Cosmos, was drained of approximately $5.4 million in a suspected signing key compromise, prompting validators to halt operations while investigating the breach.
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Microsoft threatens legal action against researcher over zero-day exploits
Microsoft's Digital Crimes Unit has disabled accounts and threatened legal action against security researcher Nightmare Eclipse for publishing zero-day exploits, sparking debate over vulnerability disclosure practices and researcher safety.
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DeFi's Biggest Threat Is Human Error, Not Code Flaws
Isaac Patka argues that most DeFi failures stem from operational security mistakes and poor parameter configuration, not smart contract bugs. Error correction mechanisms can coexist with decentralization, he says.
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StakeDAO Attacker Mints 5.4T vsdCRV, Cashes Out Only $91K
An attacker exploited a compromised StakeDAO deployer key on Arbitrum to mint over 5.4 trillion vsdCRV tokens worth $763 billion on paper, but thin liquidity limited actual proceeds to approximately $91,000 in realized gains.
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XRP ETFs attract $42M inflows as Bitcoin, Ether funds face redemptions
XRP-linked funds pulled in $42 million in net inflows over the past week while Bitcoin and Ether products bled capital, signaling a possible rotation into alternative crypto exposure.