25 millions in bitcoins and Ethereum lost in hack over the weekend.

[bitmover]

Can you send me a link about that. I didnt know that such big blockchains can just rollback because of some unsuitable situation. What was the amount hacked/stolen during dao hack?

You can read about it here
https://medium.com/@ogucluturk/the-dao-hack-explained-unfortunate-take-off-of-smart-contracts-2bd8c8db3562

By the time, the amount of Eth stolen was about 150million USD, it was the biggest ICO until its time.

A group which was lead by Vitalik decided to fork Ethereum blockchain, adding an smartcontract which would allow holders of the private keys who had their funds stolen to get their amount of ETH back. (I couldn't find details about this in the website I linked you, but a google search can give you more details about how users recovered their coins)

[1714602090]

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[ritu_bd]

Every year this event is happening ! 4-5 times per year we hear about this hack, we see a hack breaks thousands of dreams of a human being, a human being annihilates a hacker, people continue to live in this Crypto world. Away from it, and that's the main reason for the Crypto collapse. Something has to be done very soon, such as a wallet  or a lid that has to be secured so that the investor's fund is safe, otherwise this Crypto will be destroyed one day.

[BrewMaster]

well the good news is that when the business that is hacked is very little known you can be sure that it has no effects on anything regarding the market. we saw the biggest altcoin exchange (binance) be hacked and that didn't affect the bitcoin price one bit.
in any case i am always skeptical about these hack stories anyways. many of these stories are actually the failed business trying to make some money with little effort and there is nobody to look into them either.

We should not think only in price, but a lot of people will suffer losses from this hack, people who work on the company, and maybe people who have invested money there
The price of BTC doesn't matter in this case

that's true and i didn't want to sound insensitive to those users' losses but lets be honest when someone chooses a less popular service that doesn't really have that much back history and not that much feedback is found about it, they should expect things like this to happen. afterall this is not the first unpopular service to be hacked easily like this.

[Sanugarid]

in any case i am always skeptical about these hack stories anyways. many of these stories are actually the failed business trying to make some money with little effort and there is nobody to look into them either.

yap, This is a Hack against the security of businesses or companies engaged in cryptocurrencies (such as exchanges and so on).. Hacked platform users must learn from this error, they must be smarter in choosing a platform where they are saving assets or exchange..

The reason why some people are not trusting the digital world is because of this, although crime is inevitable but the fact that systems can be hacked is a sign for people to let not get involve. Hackers do progress too just like the security and safety of the system, If I were the CEO of these companies I'll track and try to contact them to give them a job.

It is not a hack but rather failed to fix a vulnerability (bug) that enabled the hacker to get access to the coin.

100% right..

Wait what? I'm not getting you guys seriously, If a hacker gets into the network then it is an incident of hacking then, how come you guys call it a failure and not hacking? Vulnerability on the system just made the easier way for hackers to breach it.

[rexxarofmoknathal]

As sad as it makes me, it doesn't change the reality we live in. That is that digital currency and systems come at their own expense, one of which is clearly hacking. I'm afraid this is an issue that won't go away as even with more advanced systems there'll always be backdoors others could explore if they wanted to. This is why its important to research well into the type of security these platforms you're holding your money on have

[XCANA]

Sad note! many things had happened to the cryptocurrency world whereby exchanges had been hacked, I thought many others will follow suits to protect their exchange against these hackers. Why is there still hackers stealing our coins from exchange? Maybe these hacks are internal and not what we thought they are. But hope investigation are made into these incessant hacks with these exchanges to find the real reason behind these hacks.

[rdbase]

It being the defi lending platform following alot of new people into cryptocurrency jumping on the bandwagon with this sort of thing.
Erc-777 protocol? Never heard of it and probably not good to use their tokens now with it being compromised.
Stick to erc-20 protocol tokenization since it is the standard.

[seoincorporation]

$25 million is a huge amount, it isn't the first time someone abuses the smart contracts to take a big amount of money to their pockets. As i always say:

The problem with smart contracts is the people smarter than them

This is not the last time we will see an attack like this.

[kezinaur14]

I think the hackers are returning part the funds but only 10% of it. I've just gotten this news on my email https://www.thecryptoassociate.com/dforce-hackers-begin-returning-stolen-funds/. It's stressed there that those funds are blacklisted on exchanges and they can't launder hence those are totally worthless now.

So nice of them, any idea why? As you said funds that come from hackers will be considered blacklisted and are going to be hard as heck to get rid of.

I just think it's a weird thing to do at all

[rdbase]

I think the hackers are returning part the funds but only 10% of it. I've just gotten this news on my email https://www.thecryptoassociate.com/dforce-hackers-begin-returning-stolen-funds/. It's stressed there that those funds are blacklisted on exchanges and they can't launder hence those are totally worthless now.

So nice of them, any idea why? As you said funds that come from hackers will be considered blacklisted and are going to be hard as heck to get rid of.

I just think it's a weird thing to do at all

It looks like they took a bigger bite than they can chew with the amount of crypto involved in the hackjob.
They want to negotiate in returning some of the crypto now.
It wasnt just ethereum and bitcoin they took but many others including usdt.

WETH: 55159.02134
WBTC: 9.01152
CHAI: 77930.93433
HBTC: 320.27714
HUSD: 432162.90569
BUSD: 480787.88767
PAX: 587014.60367
TUSD: 459794.38763
USDC: 698916.40348
USDT: 7180525.08156
USDx: 510868.16067
imBTC: 291.3471
source slowmist: https://medium.com/@slowmist/slowmist-details-of-lendf-me-reentrancy-attack-3e168ab5f2b1

[Kelvinid]

This something horrible and hackers will continue to find a way to crack keys even exchanges tried to keep it stronger as they think. This is a huge loose to their part but I'm thinking also about the conspiracy inside or they tried to fool us.

This will give interest to the people and look differently as they will think the high risk as crypto keeps building their reputation. Having this scenario will give an option for those who are planning to invest in crypto will not continue. This is totally a big upset of the crypto community and this will give a hint for every crypto exchanger owners to have strong keys.

[Utoy101]

The whole hacking happening in crypto space is really getting out of hand, like it's been happening since the inception of this space and yet no perfect solution has been provided to put an end to it. Reasoning the whole thing, security is the core features of Blockchain,so seeing hacks happening everyday proofs how the whole market is not yet ready for mass adoption and believe it or not, if this hack and security breach aren't hammered out, the outside world will see this market as a fragile one

[rhomelmabini]

I think the hackers are returning part the funds but only 10% of it. I've just gotten this news on my email https://www.thecryptoassociate.com/dforce-hackers-begin-returning-stolen-funds/. It's stressed there that those funds are blacklisted on exchanges and they can't launder hence those are totally worthless now.

So nice of them, any idea why? As you said funds that come from hackers will be considered blacklisted and are going to be hard as heck to get rid of.

I just think it's a weird thing to do at all

I don't know why they are returning those funds but I think it's because of the problem the hackers are into right now that those can't be laundered on any exchanges and right now they are the one making amends to dforce. It isn't weird I guess in fact if they can't use it I guess they need strategy so that they can still have the prize of what they've done, I guess we have to stay tune for another news regarding that if they have to full refund the funds or the hackers just got a little percentage of those because on the link they said they are still on negotiations.

[CaVO32]

The whole hacking happening in crypto space is really getting out of hand, like it's been happening since the inception of this space and yet no perfect solution has been provided to put an end to it. Reasoning the whole thing, security is the core features of Blockchain,so seeing hacks happening everyday proofs how the whole market is not yet ready for mass adoption and believe it or not, if this hack and security breach aren't hammered out, the outside world will see this market as a fragile one

this will really give a negative implication in crypto market in general. Those who really don't know about crypto or bitcoin will think that crypto is very vulnerable to fraud or hacking and that it is not safe to use crypto. We can't really stop these hacking incidents as the softwares are getting advanced these days. And if a certain crypto company especially crypto exchanges will not be tight with their security protocols and upgrade their security firewalls, they will always be the target of these hackers.

[Sadlife]

Oh man... Really

This is the one reasons why people afraid to invest in cryptocurrency and other country ban cryptocurrency.

With this news, probably make bitcoin and ethereum price drop a bit. Hope they find the solution for recocer their stolen funds.

DeFi (decentralize finance ) is a new thing and can be subject with a lot of vulnerability that's im very cautious in investing in it. Basically before investing in anything, choose assets or technologies that are safe and secured with proven though time like Bitcoin and its Blockchain technology and if you want much safer asset, invest in Gold.

[Ifra24]

It is not a hack but rather failed to fix a vulnerability (bug) that enabled the hacker to get access to the coin. The question is, why is this failure to fix it^[1]?

It's the same, using bugs to steal. If it was done by ordinary people how could it be? I think it's still a hacker. Unwise step already know there are bugs? The team has another alternative to secure assets. For example moved, or temporarily offline. I heard that the team already knew, there was an Hack trial on their platform. This is really sad.

[maxreish]

That is really a huge amount and that was only over the weekend? The increasing percent of hacking issues in cryptocurrency is really disappointing. We are building the image of cryptocurrency and yet these hackers are destroying it.
 
 How can we fully trust it after those hackers successfully thief bitcoin and eth? Especially those exchanges that they are targeting and probably hacked, their security is at question because hackers tend to enter their security system.

[peggysimmons]

This is really sad, I also think they might not be able to recover a lot of assets, and this is a lesson for them to always pay attention to gaps even though they look small, because they haven't been able to fix bugs. in the end they get attacks from hackers

[Ifra24]

News from https://www.coindesk.com/Hackers who spent $ 25 million in cryptocurrency from the dForce decentralized financial protocol over the weekend sent back almost all the stolen assets. It's amazing there are still kind-hearted hackers. But this is strange in my opinion.

Source: https://www.coindesk.com/dforce-hacker-returns-almost-all-of-stolen-25m-in-crypto