Why DeFi keeps getting hacked: The blind spots we’re choosing to ignore

𝕏/@KM_crypto1 •

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Radiant, Penpie, DMM Bitcoin, WazirX — the biggest 2024 losses were compromised keys and phished signers, not contract bugs. Protocols pay $500K for audits that check for reentrancy while the multisig sits on a dev's laptop running outdated Telegram. Admin key compromise is where the money actually leaves, but there's no SlowMist report for 'your signer opened a malicious PDF.'

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Binance says 90% of hacked funds now covered, plans to resume withdrawals Sunday

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Keystone Wallet says breach exposed customer shipping data, not private keys

Bitget hot and cold wallets may have been hacked, with $174M moved across multiple chains in an hour

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More coverage

Explore the topic

More on Hacked

Binance says 90% of hacked funds now covered, plans to resume withdrawals Sunday

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Keystone Wallet says breach exposed customer shipping data, not private keys

Bitget hot and cold wallets may have been hacked, with $174M moved across multiple chains in an hour

Robinhood CEO Vlad Tenev’s x account hacked to promote a fake memecoin called Vladhood

Binance says 90% of hacked funds now covered, plans to resume withdrawals Sunday

Chainalysis, the crypto-tracking firm, says it was hacked; user names, emails and roles accessed

Ray-Ban Meta glasses hacked with Opus 5.5 to give real-time racing line coaching, cutting lap time by 5.3 seconds

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Bitget hot and cold wallets may have been hacked, with $174M moved across multiple chains in an hour

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Binance says 90% of hacked funds now covered, plans to resume withdrawals Sunday

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Ray-Ban Meta glasses hacked with Opus 5.5 to give real-time racing line coaching, cutting lap time by 5.3 seconds

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Binance says 90% of hacked funds now covered, plans to resume withdrawals Sunday

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