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BlockThreat - Week 21, 2022

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BlockThreat - Week 21, 2022

Terra | Mirror Protocol | Moonbirds | Off the Chain

Peter Kacherginsky
Jun 3, 2022
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BlockThreat - Week 21, 2022

newsletter.blockthreat.io

Greetings!

Terra continues causing a mess now with bad price oracles generating even more bad debt. Details of a quietly patched Mirror Protocol vulnerability that cost them $90M last year. Solana community helped trap scammers by collaborating with an NFT marketplace to prevent them from making a profit.


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Events

  • Off the Chain is happening on June 7, 2022 in San Francisco, CA including a number of CTF competitions.

  • SANS Blockchain Security Summit 2022 on August 31, 2022.

News

  • Luna investor arrested for knocking on Do Kwon’s door.

  • A $90 million DeFi exploit on Terra went unnoticed for seven months.

Scams

  • Scammer stole $1.5M worth of Moonbirds using a fake exchange.

  • Hacker tastes own medicine as community gets back stolen NFTs by working with a NFT marketplace.

  • Cryptocurreny Giveaway Scam with YouTube Live Stream.

Hacks

  • On May 30, 2022, Mirror Protocol and Anchor Capital lost combined $2.8M+ due to faulty Luna price oracles.

Other Incidents

  • Ethereum Beacon chain suffers a reorg due to outdated clients.

  • Solana chain restarted after on-chain timestamp was desynced.

Research

  • The Dark Side of DeFi: Cross-Chain Bridge Hacks by Quantstamp.

  • DoS Attacks on Blockchain Ecosystem.

  • Forensic Artefact Discovery and Attribution from Android Cryptocurrency Wallet Applications.

  • On-Chain Forensics: Demystifying TerraUSD De-peg by Nansen

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