Cyvers in the News

Cork Protocol falls victim to $12m exploit, 3,760 wstETH stolen

According to the blockchain security firm Cyvers, the attacker deployed a malicious contract with an address funded by 0x4771…762B. Cyvers claims that this address likely belongs to a service provider, which means a DeFi protocol, exchange, or a bridge that Cork Protocol was using.

Quite the opposite, criminals are embracing blockchain more as a feature than a bug

A report from Web3 security company Cyvers says the victim was scammed twice in three hours and lost $2.6 million worth of Tether’s stablecoin (USDT).

Crypto Investors Lost $2.6 Million to Phishing Scam

According to the analysis by a blockchain compliance firm, Cyvers, on May 26, the victim unknowingly transferred $843,000 in Tether (USDT) to the scammers address. Approximately three hours later, a second transfer of $1.75 million in USDT was made to the same scammer.