Security

Maya Protocol lost an estimated $1.7 million in an exploit on Wednesday, and the numbers make the situation look even worse for the protocol as its Immunefi bug bounty, which covers the THORChain fork, puts the maximum payout for a critical vulnerability at just $35,000.

At first, the team described what happened as an “unexplained incident.” That didn’t last long. MANTRA later said an attacker had attempted to exploit a vulnerability in an upstream dependency software the chain relies on but doesn’t directly control.

The Justice Department unveiled new charges on July 9th against the 53 year old Bulgarian national, who’s currently serving a federal sentence conspired in January 2024 to withdraw and transfer crypto worth $290,000 out of a Kraken account.

Polymarket's turbulent June just reached a new low on Thursday when the prediction market confirmed that a compromised third-party vendor allowed attackers to add malicious JavaScript into its frontend, draining an estimated $2.94 million from at least 11 user wallets in a single morning.

Former Celsius Network CEO Alex Mashinsky has been permanently barred from trading in markets regulated by the U.S. Commodity Futures Trading Commission (CFTC), closing one of the agency's final enforcement actions tied to the collapse of the crypto lending platform.