Weekly Crypto Hack Report: Key Insights on Major Breaches

Monday, 5 August 2024, 05:27

This week's crypto security report highlights significant breaches including Convergence Finance losing $210,000 and Terra's staggering $5.28 million hack. Additionally, there has been a compromise in the Metis Network's Discord channel, raising concerns about the security protocols in place across various platforms. These incidents underscore the ongoing vulnerabilities in the crypto space, calling for enhanced security measures and awareness among investors and users.

Coinpedia — Weekly Crypto Hack Report: Key Insights on Major Breaches

Weekly Crypto Hack Report

This week, the crypto community faced notable security breaches.

Key Incidents

Convergence Finance: Experienced a loss of $210,000.
Terra: Suffered a substantial breach amounting to $5.28 million.
Metis Network: Its Discord channel was compromised, raising security concerns.

These incidents highlight the urgent need for improved security practices in the cryptocurrency sector.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Weekly Crypto Hack Report

Key Incidents

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