All by tag: Hack

Scammers have figured out how to drain crypto wallets without ever stealing your password. We break down the new tactic called approval phishing and just how big the threat has become.

The attack only affected wrapped DOT tokens on Ethereum, but it still triggered a quick response from major exchanges and sent ripples across the market

An investigation by ZachXBT uncovered a large-scale scheme and links to sanctioned organizations.

After the exploit, the funds were quickly moved across multiple blockchains to make tracking more difficult. Such attacks are becoming systemic and may impact the entire crypto market

Here’s how the attack unfolded and where the funds were moved.

Developers quickly released a patch, preventing potential losses.

American citizen Jonathan Spalletta managed to exploit Uranium Finance twice, stealing millions in crypto. He used clever “zero-value” transaction tricks and even negotiated a bounty to cover up part of the theft.

The attack targeted a library with tens of millions of monthly downloads and led to the leak of hundreds of gigabytes of data. Hackers gained access to keys, passwords, and corporate infrastructure.

The incident was driven by a “double counting” flaw that distorted token balances. This allowed the attacker to profit without breaking the platform’s normal operating logic.

Despite a drop in average losses, large-scale attacks are becoming increasingly destructive.

The project said it will compensate affected users and has offered the attacker a 10% bounty in exchange for returning the stolen funds.

In February 2026, total crypto industry losses from hacks and scams reached $26.5 million — the lowest monthly figure since March 2025.