On 27th October 2022, Team Finance lost $14.5 million due to a smart contract exploit in its migration function. The “v2 to v3 migration function” – the one that caused the exploit – was added a few months after the audit completion by Hacken. After they added the “migrate” functionality, Team Finance chose Zokyo as
How to Compare Bug Bounty Solutions for Web3 Companies When your web3 business must choose a bug bounty vendor, you need to list several decision-making criteria. You can segment those criteria into 4 groups: Industry-Asset Match Primary Expertise Customer Industries Top Customers Competing Criteria Pricing Researcher count Triage team Review score Workflow Differences Integrations Report
According to the Crystal blockchain report, $400M were stolen from centralized exchanges and $1,8B from DeFi services in 2021. The largest hack in 2021 was the Bitmart incident when attackers stole $200M in various cryptocurrencies. The stolen virtual assets were withdrawn from the exchange’s hot wallet. The hack became possible due to the private key
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