Exploits and hacks are on the rise as the crypto industry approaches the end of the first quarter in 2024. CoinDesk's Jennifer Sanasie breaks down an Immunefi report on the state of hacking and several exploits at Orbit Chain, Gamee and CoinsPaid.
Exploits and hacks are on the rise as the crypto industry approaches the end of the first quarter in 2024.Hacks are on the rise in 2024 and it's only February. Welcome to this special hack edition of Coin Desk Daily. I'm your host, Jen Sei Hacks are on the rise in 2024 and it's only February according to Immune, more than 100 and $26 million was lost due to hacks in the month of January alone.
The project confirmed the hack in a post on X saying that a hacker funded a wallet using tornado cash before attacking Orbit Chain's Ethereum vault proceeds of the hack were then sent to numerous Ethereum wallets at the time. Orbit Chain said the funds were quote unmoved and gamey confirmed late last month that its Gmee token contracts on Polygon suffered an exploit that saw 600 million tokens stolen. The exploiter then converted those tokens into E and Matic. In a post on X.
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