Τα πιο πρόσφατα σημερινά νέα, απόψεις και ειδήσεις για το ##securitybreaches

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A Governance Failure Led to Major Hack at Unleash Protocol 💥

An unauthorised contract upgrade enabled direct withdrawals from the protocol. Funds were bridged to Ethereum and laundered through Tornado Cash, affecting WIP, USDC, WETH, stIP, and vIP tokens.

This incident highlights how vulnerabilities in governance systems can lead to significant losses. The attack bypassed standard checks, allowing attackers to move funds directly out of the protocol.

While no wider impact was seen on the Story Protocol ecosystem, it underscores the importance of robust governance controls within decentralized finance projects.

Are you following this story closely? What measures do you think can prevent similar breaches in the future? 👇

#UnleashProtocol #SecurityBreaches #DecentralizedFinance

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Toju

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How a Governance Failure Led to Unleash Protocol Hack 🔥

An unauthorised contract upgrade enabled direct withdrawals from the protocol. Funds were bridged to Ethereum and laundered through Tornado Cash. Assets affected included WIP, USDC, WETH, stIP, and vIP.

A governance failure at Unleash Protocol resulted in a major security breach with attackers draining around $3.9 million in user funds. The exploit was first identified by blockchain security firm PeckShieldAlert and later confirmed by the Unleash team. 🛡️

The incident highlights how vulnerabilities at the application level can still lead to significant losses, especially when governance controls are bypassed. Unleash Protocol is built on Story Protocol but suffered from a design flaw within its own ecosystem.

Even though no compromise was found in Story Protocol's validators or core infrastructure, it underscores the importance of robust governance mechanisms in decentralised finance systems. 💥

Are you keeping track of your DeFi protocols' governance processes? Share your thoughts in the comments below! #ETH #DeFi #SecurityBreaches

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Honest_7

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BigONE Exchange Suffers Major Cyber Attack

#Securitybreaches
#Ethereum
#USDC
On July 16, 2025, the Seychelles-based cryptocurrency exchange BigONE experienced a significant supply chain attack, resulting in the theft of $27 million from its hot wallets.
The hackers infiltrated the exchange's production network, managing to withdraw funds without accessing private keys.
BigONE confirmed that no private keys were compromised; instead, internal systems were manipulated to facilitate unauthorized withdrawals.
The exchange quickly detected unusual asset movements and attributed them to a third-party attack.
They assured users that all private keys remained secure and that the vulnerability had been addressed.
This incident highlights a new threat to centralized exchanges, as it targeted backend infrastructure rather than relying on compromised keys or smart contracts.
The attack began with social engineering tactics aimed at a key developer, leading to unauthorized access and the deployment of malicious code.
BigONE is now working with blockchain security experts to trace the stolen funds and has initiated a bounty program to encourage information leading to the recovery of assets.

securitybreaches

BigONE Exchange Suffers Major Cyber Attack

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