BlockThreat - Week 25, 2020

Bancor | DeFi Saver | Argent | Good Cycle

What a week in DeFi land! Multiple projects had to resort to hacking their own smart contracts after getting reports about critical flaws. Additional vulnerabilities discovered in the Argent wallet and the Lightning Network all leading to funds theft. This week we have also learned about a shady South Korean exchange behind multi-million gas fee transactions on the Ethereum network. In other news enjoy the upcoming movie about NSA kidnapping Satoshi Nakamoto in an attempt to destroy cryptocurrencies.

Hacks

• The sender of $5 million Ethereum transaction fees has revealed itself to be a shady South Korean exchange Good Cycle which confirmed to be hacked on multiple times.

Scams

• South Korean authorities seized data of two unnamed Ponzi scheme exchanges.

• Scammers use vanity Bitcoin addresses with celebrity or corporate names as part of fake “giveaway” campaigns.

• Wirecard, the company behind Crypto.com and TenX debit cards, is unable to locate $2 billion of cash.

Vulnerabilities

• A major vulnerabili…