The post Crypto Hack Weekly Report: Solana Wallet Breach and DeFi Challenges appeared first on Coinpedia Fintech News
Cryptocurrency markets are still at risk from hacks, fraud, and big losses. This week’s reports of hacks show that many platforms have security weaknesses. These problems also raise concerns about rules and safety in the industry.
Dexx Hack Affects More Than 8,620 Solana Wallets
The DEXX trading platform, aimed at trading in meme coins, was hacked on November 16th. The attack emerged due to a private key leak to steal more than 8,620 Solana wallets and siphon $30m. In the same case, at least 900 users were affected out of which one person lost more than one million dollars.
However, the platform has engaged in mitigation measures like; tracking the hacker’s wallets and negotiating for the funds’ return, yet the outcome is often unpredictable.
Pump Science Wallet Hack: Developer Negligence Sparks Token Fraud
Pump Science, a Solana-based decentralis
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