Seneca Stablecoin Hacker Returns Stolen Funds After Exploit
Seneca stablecoin protocol suffers $6.4M breach due to smart contract flaw. Swift response prompts partial recovery, highlights decentralized protocol security challenges.

Seneca stablecoin protocol suffers $6.4M breach due to smart contract flaw. Swift response prompts partial recovery, highlights decentralized protocol security challenges.
ZachXBT, a blockchain investigator, successfully recovered stolen DeGods NFT funds, highlighting the challenges and potential in fighting crypto crimes and aiding broader security efforts in the crypto community.
This development is expected to catalyze the adoption of web3 by reducing entry barriers for retail users.
Stablecoin issuers Circle and Tether have blacklisted over half of the stolen funds, according to available information.
The attackers are believed to be the infamous North Korean hacker group Lazarus, as per blockchain security firm Elliptic.
Atomic Wallet has joined the growing list of hack incidents in crypto and DeFi protocols this year.
The Wormhole attacker moved $46 million worth of tokens to MakerDAO and received 16.6 million DAI over the weekend.
Contrary to certain rumors, Trust says user funds cannot be pilfered by merely taking a picture of its wallet’s screen.
Trust Wallet, one of the most notable decentralized wallets, has added support for Solana decentralized apps (dApps).
Russian hackers are said to have made more than $400 million in 2021 from encrypted ransomware attacks.