Lessons Learned from Crypto Attacks: Security and Compliance Insights
Security attacks in the crypto space are becoming pretty rampant these days, right? We’re back again dissecting the issue of decentralized finance security and its vulnerabilities after some high-profile incidents like the Indexed Finance and KyberSwap hacks. The losses have been massive, and it’s high time we address the issues head-on.
Indexed Finance and KyberSwap Attacks: What Happened?
To put it simply, the blockchain never forgets. Just recently, an address tied to two of the biggest hacks in DeFi liquidated over $2 million worth of crypto. This wallet, connected to the 2021 Indexed Finance hack and the 2023 KyberSwap exploit, had been dormant for around a year. Then, out of nowhere, it went on a spree, selling UNI, LINK, CRV,…
