Pump.fun is a Solana-based memecoin generator that soared to popularity recently amid a resurgence in memecoin trading. On May 16, the project suffered a $2 million exploit by an attacker who then began airdropping the money to somewhat random wallets.A former employee — whose real identity is known — brazenly took credit for the...

Alexey Pertsev, one of the developers of the Tornado Cash mixing service, was found guilty of money laundering and sentenced to 64 months imprisonment in the Netherlands. Prosecutors claimed that Pertsev knew the service was being used to launder money, but "chose not to intervene". They argued that, although the developers could...

Two brothers, Anton and James Peraire-Bueno, were indicted for a theft involving MEV — maximal extractable value. MEV involves previewing upcoming transactions on a blockchain and taking actions to extract additional profits — which can sometimes be substantial — based on that information.According to the Justice Department, the...

After the founder of the Solana-based Cypher futures trading protocol publicly accused a core contributor of stealing funds, the contributor — publicly known only as "hoak" — has confessed to the thefts.Cypher was hacked for $1 million in August 2023, but was able to recover around $600,000 of the stolen funds, which they promised...

The Sonne Finance lending protocol was exploited for at least $20 million as an attacker was able to exploit a vulnerability in some of their smart contracts. Sonne is a fork of the Compound Finance project, which has known vulnerabilities that are sometimes not properly addressed by people who reuse the code — as has happened with...

Bahrain-based cryptocurrency exchange Rain was exploited for around $14.8 million dollars on April 29. The exchange did not publicly disclose the hack until the suspicious outflows across wallets on multiple blockchains were noticed by blockchain investigator zachxbt.After zachxbt sounded the alarm on May 13, Rain admitted that they...