Nexus Demands $2M Refund
Euler's hacker returned most of the money, putting the insurer that already paid claims in a pickle. Members of Nexus Mutual could get lawyers involved if the $2 million they’re owed isn’t returned.
Leaders of the crypto insurer Nexus Mutual told CoinDesk its governing body may lawyer up if policyholders who lost money in the recent Euler Finance hack and filed claims for their losses don’t pay back the insurance project.
Tech Related
SushiSwap to return stolen funds following weekend hack
The decentralized exchange explained funds were either swept by whitehat security teams or lost to blackhat hackers.
Funds residing in the whitehat contract will be claimable via a Merkle Claim contract that the SushiSwap team is currently building.?
S. Korean Crypto Exchange Gdac Hacked for Nearly $13M
South Korean crypto exchange Gdac was hacked for nearly $13 million on Sunday, the firm said on Monday.
Hackers transferred nearly $13 million worth of crypto, 23% of its total custodial assets, from Gdac's hot wallet to an unidentified wallet.
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Here’s how much was lost to crypto hacks and exploits in Q1 2023
Hackers were able to gain access to more than $320 million in the first quarter of 2023 alone, according to on-chain data consolidated by blockchain security firm CertiK in its quarterly report.
Educational
How to Audit Your DApp - A Step-By-Step Guide
Decentralized apps (DApps) are gaining popularity as a result of the several advantages they provide to users, including transparency, security, and immutability.
How Much Does it Cost to Audit a Smart Contract?
Smart Contracts continue to gain recognition and even venture capital funding. In fact, recent studies have shown that 61% of enterprises claimed to have plans for integrating blockchain technology into their core business procedures.