Altcoins News
By Dan Saada
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DeFi Platform Loses $120 Million. One massive hit came in March when a DeFi platform lost around $120 million in a single attack.
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Industry Fights Back. The crypto world isn't just sitting there taking hits.
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What Comes Next. Hacken's report calls for a global security task force that would work with both government…
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Web3 hackers grabbed $464.5 million during the first three months of 2026. Hacken's new report tracks 43 separate attacks that hit everything from DeFi platforms to major…
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The numbers paint a pretty grim picture for an industry that's supposed to be getting safer.
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One massive hit came in March when a DeFi platform lost around $120 million in a single attack. The hackers found a smart contract bug and basically drained the whole thing.
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Smart contracts are supposed to be bulletproof, but they're only as good as the code that runs them. And if that code has holes, well, hackers will find them.
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But testing costs money and time, two things a lot of these platforms don't want to spend. So they launch first and fix problems later, which is basically an invitation for…
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"Protecting users' assets is a top priority," Binance CEO Changpeng Zhao said after the report came out. "We're committed to implementing the latest security technologies.
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The crypto world isn't just sitting there taking hits. On April 10, a bunch of blockchain developers and cybersecurity experts launched a new initiative to improve open-source…
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FireEye jumped in too, partnering with Ethereum developers on April 12 to create enhanced security protocols specifically for smart contracts.
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DAOs are getting hit particularly hard. These decentralized autonomous organizations run on community votes and open-source code, which makes them sitting ducks for hackers.
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The problem with DAOs is that everything's transparent by design. Hackers can study the code, find weaknesses, and plan their attacks without anyone knowing.
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Regulators are starting to pay attention too. SEC Chair Gary Gensler announced plans for a hearing on digital asset security, scheduled for April 11.
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"We need to maintain market integrity," Gensler said. The SEC's getting involved because these losses aren't just affecting crypto bros anymore - regular investors are getting…
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