Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home Incidents

Mozaic Finance Exploit Sparks $2M Loss

March 18, 2024
Reading Time: 3 mins read
in Incidents
Mozaic Finance Exploit Sparks $2M Loss

Mozaic Finance, a decentralized finance and yield-optimization protocol, fell victim to an exploit resulting in a substantial loss exceeding $2 million. Security firm CertiK flagged the attack, attributing it to a compromised private key utilized to drain funds via a specific contract named “bridgeViaLifi.” The incident underscores persistent security vulnerabilities within the blockchain space, as Mozaic Finance joins the ranks of decentralized finance protocols facing significant losses due to exploits and hacks. Recent incidents, including those affecting Unizen and Seneca Finance, highlight the urgent need for robust security measures and swift legal recourse for affected parties in the blockchain ecosystem.

CertiK’s report indicates that the exploit involved the unauthorized calling of the “bridgeViaLifi” contract by an account ending in 50eb, resulting in the transfer of substantial amounts of stablecoin tokens. With over $2 million lost, Mozaic Finance joins a growing list of decentralized finance platforms grappling with security breaches, reflecting the ongoing challenges of ensuring the integrity and safety of blockchain-based financial systems. The incident serves as a stark reminder of the inherent risks associated with decentralized protocols and underscores the critical importance of prioritizing security measures to safeguard investor funds and maintain trust within the blockchain community.

The Mozaic Finance team expressed hope for potential recovery of the lost funds through legal avenues, as the proceeds of the exploit were deposited into a centralized exchange. However, the incident highlights broader concerns regarding the accountability and recourse available to victims of blockchain-related crimes. As exploits and hacks continue to plague the decentralized finance sector, industry stakeholders must collaborate to implement robust security protocols and regulatory frameworks to mitigate risks and protect investors’ interests in an evolving digital financial landscape.

Reference:

  • Mozaic Finance Loses Over $2 Million Due to Security Breach

Tags: bridgeViaLificyber incidentsCyber Incidents 2024Cyber RiskCyber threatCybersecurityMarch 2024Mozaic FinanceStolen funds
ADVERTISEMENT

Related Posts

Indian Bank Transfer Records Exposed

Indian Bank Transfer Records Exposed

September 26, 2025

Chinese Cyberspies Hit US Defense Firms

September 26, 2025
Indian Bank Transfer Records Exposed

Neon App Shuts Down After Data Leak

September 26, 2025
Morrisroe UK Company Hit By Cyber Attack

Boyd Gaming Reports Data Breach After Attack

September 24, 2025
Morrisroe UK Company Hit By Cyber Attack

Morrisroe UK Company Hit By Cyber Attack

September 24, 2025
Morrisroe UK Company Hit By Cyber Attack

GeoServer Flaw Breaches US Agency Network

September 24, 2025

Latest Alerts

Fake PyPI Login Site Steals Credentials

Google Warns of BRICKSTORM Malware

Hidden WordPress Backdoors Create Admins

Hackers Target AWS and Steal Credentials

SonicWall SMA100 Update Removes Rootkit

BadIIS Malware Spreads Via SEO Poisoning

Subscribe to our newsletter

    Latest Incidents

    Indian Bank Transfer Records Exposed

    Chinese Cyberspies Hit US Defense Firms

    Neon App Shuts Down After Data Leak

    Boyd Gaming Reports Data Breach After Attack

    Morrisroe UK Company Hit By Cyber Attack

    GeoServer Flaw Breaches US Agency Network

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial