CryptoMediaClub
Friday, August 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Ledger vulnerability put entire DApp ecosystem at risk: Finance Redefined

15.12.2023
A A
0
130
VIEWS
ShareShare

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

The past week in DeFi saw an unprecedented chain of events unfold on Dec. 14 when a malicious actor exploited a vulnerability in the Ledger hardware wallet’s connector library. The exploit put the entire decentralized application (DApp) ecosystem at risk. On-chain analysts and DApps like SushiSwap and MetaMask advised users not to interact with their wallets at all.

Ledger released a patch within hours to contain the vulnerability, but the exploiter drained over $650,000 in assets from multiple victims. However, considering the number of wallets and DApps at risk, the drained amount was considerably lower than it could have been.

How the Ledger Connect hacker tricked users into making malicious approvals

The “Ledger hacker,” who siphoned at least $484,000 from multiple Web3 apps on Dec. 14, did so by tricking Web3 users into making malicious token approvals, according to the team behind blockchain security platform Cyvers.

According to public statements made by multiple parties involved, the hack occurred on the morning of Dec. 14. The attacker used a phishing exploit to compromise the computer of a former Ledger employee, gaining access to the employee’s node package manager javascript account.

Continue reading

Ledger patches vulnerability after multiple DApps using connector library were compromised

The front end of multiple decentralized applications (DApps) using Ledger’s connector, including Zapper, SushiSwap, Phantom, Balancer and Revoke.cash were compromised on Dec. 14. Nearly three hours after the security breach was discovered, Ledger reported that the malicious version of the file had been replaced with its genuine version around 1:35 pm UTC.

Ledger is warning users “to always Clear Sign” transactions, adding that the addresses and the information presented on the Ledger screen are the only genuine information. “If there’s a difference between the screen shown on your Ledger device and your computer/phone screen, stop that transaction immediately.”

Continue reading

Yearn.finance pleads with arb traders to return funds after $1.4 million multisig mishap

Decentralized finance protocol Yearn.finance is hoping arbitrage traders will return $1.4 million in funds after a multisignature scripting error drained a large amount of the protocol’s treasury.

“A faulty multisig script caused Yearn’s entire treasury balance of 3,794,894 lp-yCRVv2 tokens to be swapped,” according to a Dec. 11 GitHub post by Yearn contributor “dudesahn.”

Continue reading

OKX DEX suffers $2.7 million exploit after proxy admin contract upgrade

OKX decentralized exchange (DEX) suffered a $2.7 million hack on Dec. 13 after the private key of the proxy admin owner was reported to have been leaked.

On Dec. 13, the blockchain security firm SlowMist Zone posted on X (formerly Twitter) that OKX DEX “encountered an issue.” According to the report, the issue began on Dec. 12, 2023, at approximately 10:23 pm UTC after the proxy admin owner upgraded the DEX proxy contract to a new implementation contract, and the user began to steal tokens.

Continue reading

DeFi market overview

Data from Cointelegraph Markets Pro and TradingView shows that DeFi’s top 100 tokens by market capitalization had a bullish week, with most trading in the green on the weekly charts. The total value locked into DeFi protocols remained above $60 billion.

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.

Share10Tweet6ShareSharePin2

Related Posts

Crypto Treasury Boom Triggers Insider Trading Concerns – Fortune Report
All news

Crypto Treasury Boom Triggers Insider Trading Concerns – Fortune Report

29.08.2025
0

Key Takeaways: Several small-cap firms saw unexplained share price increases ahead of crypto treasury announcements. Finance experts warn that the...

Read moreDetails
Google’s Gemini AI Predicts the Price of XRP, Solana, and Cronos by the End of 2025

Google’s Gemini AI Predicts the Price of XRP, Solana, and Cronos by the End of 2025

28.08.2025
Pepe Price Prediction: No Buyers, No Volume – Is This Meme Coin About to Fade Into Oblivion?

Pepe Price Prediction: No Buyers, No Volume – Is This Meme Coin About to Fade Into Oblivion?

28.08.2025
APT Miner Launches Cloud Mining App, Supports Multiple Cryptocurrencies and Green Energy

APT Miner Launches Cloud Mining App, Supports Multiple Cryptocurrencies and Green Energy

28.08.2025
Mastercard Launches Stablecoin Settlements in EEMEA

Mastercard Launches Stablecoin Settlements in EEMEA

28.08.2025
Load More
Next Post
Kazakhstan central bank reviews digital tenge pilot successes, next steps

Kazakhstan central bank reviews digital tenge pilot successes, next steps

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Zero-knowledge proofs vs. CBDCs: the fight for privacy amid central banks’ bid for control

2 years ago
Bitcoin velocity hits lows last seen before Q4 2020 BTC price breakout

Bitcoin velocity hits lows last seen before Q4 2020 BTC price breakout

2 years ago
New Solana Meme Coin DogWifCat Explodes 2,367% in 24 Hours, Next $BOME?

New Solana Meme Coin DogWifCat Explodes 2,367% in 24 Hours, Next $BOME?

1 year ago
DePIN Ecosystem Shows Rapid Growth

DePIN Ecosystem Shows Rapid Growth

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Google’s Gemini AI Predicts the Price of XRP, Solana, and Cronos by the End of 2025

Solana DeFi TVL nears all-time high at $11.7B but daily fees remain stuck under $2 million

Pepe Price Prediction: No Buyers, No Volume – Is This Meme Coin About to Fade Into Oblivion?

APT Miner Launches Cloud Mining App, Supports Multiple Cryptocurrencies and Green Energy

Mastercard Launches Stablecoin Settlements in EEMEA

The 2nd Edition of the CoinFerenceX Decentralized Web3 Summit: Builders, Investors, and Developers Meet Again to Shape The Web Space

Trending

Treasury Secretary Bessent’s stablecoin push could drive $34 trillion into Ethena, Etherfi, Hyperliquid
Analysis

Treasury Secretary Bessent’s stablecoin push could drive $34 trillion into Ethena, Etherfi, Hyperliquid

29.08.2025
0

Treasury Secretary Scott Bessent’s endorsement of dollar-pegged stablecoins creates a pathway for up to $34 trillion to...

Crypto Treasury Boom Triggers Insider Trading Concerns – Fortune Report

Crypto Treasury Boom Triggers Insider Trading Concerns – Fortune Report

29.08.2025
PYTH rockets 48%, CRO 38%: 24 hour altcoin gainers you can’t ignore

PYTH rockets 48%, CRO 38%: 24 hour altcoin gainers you can’t ignore

28.08.2025
Google’s Gemini AI Predicts the Price of XRP, Solana, and Cronos by the End of 2025

Google’s Gemini AI Predicts the Price of XRP, Solana, and Cronos by the End of 2025

28.08.2025
Solana DeFi TVL nears all-time high at $11.7B but daily fees remain stuck under $2 million

Solana DeFi TVL nears all-time high at $11.7B but daily fees remain stuck under $2 million

28.08.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz