Cyberattacks

“Cyberattacks” covers cybersecurity incidents involving breaches or the exploitation of vulnerabilities at exchanges, DeFi protocols, cross-chain contracts, wallets and generative AI systems. Moonwell, Term Finance, The Sandbox, BounceBit and Harmony have recently suffered attacks in quick succession, with weaknesses in governance mechanisms, private-key management and smart contracts emerging as key risks. Losses from a single incident can reach millions of dollars, while malicious token minting can also hit token prices. Ongoing coverage helps track attack methods, the flow of funds, legal recovery efforts and remedial measures by platforms, while assessing the systemic risks posed by new technologies.