A wave of cyberattacks has rocked the cryptocurrency world, resulting in significant losses for two prominent platforms. Decentralized finance platform Exactly Protocol recently confirmed a security issue, prompting a temporary pause in its operations as it investigates the breach.
Reports indicate that the theft amounted to over $12 million in cryptocurrency, although experts suggest the actual losses might be closer to $7 million. The company is actively engaging with security experts and law enforcement to recover the stolen assets and address the breach. In a parallel incident, the Harbor Protocol, a DeFi tool developed by ComDex, reported its own cyberattack.
Funds were drained from the platform, though the exact amount remains unclear. Users expressed frustration over the platform’s lack of detailed communication, demanding transparency and clarity about the situation. This incident marks a setback for Harbor Protocol, which had already faced a security incident earlier in the year that resulted in liquidated vaults.These attacks raise concerns about the security of cryptocurrency platforms, especially within the DeFi sector. Hackers continue to target such platforms due to the lucrative potential of digital assets.
Blockchain security experts have reported a significant rise in cyberattacks on crypto platforms in 2023, with North Korea’s Lazarus hacking group being a notable actor. These incidents underscore the need for robust security measures and transparent communication within the cryptocurrency industry.