Cyvers in the News

Is Lazarus Group the biggest threat to crypto in this bull market?

‍According to ^{Cyvers CEO Deddy Lavid}, the Lazarus Group has shifted its cyberattack strategies significantly in 2023, targeting centralized entities with a refined and dynamic approach. Moving beyond traditional phishing and brute force methods, the group now employs AI-driven phishing campaigns and complex smart contract exploits.

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^{“My analysis emphasizes the need for increased security measures in the cryptocurrency and blockchain space, urging a deeper recognition of information security’s importance, a call for more security professionals, and a focus on proactive attack prevention.”}– Deddy Lavid, CEO at Cyvers

Hacker mints 1b CGT tokens worth $40m in Curio ecosystem

‍^{According to analysts at Cyvers Alerts, the hack most likely occurred due to a vulnerability in the permissioned access logic,} which allowed the attacker to create an additional 1 billion CGT tokens. As a result, the hacker took possession of CGT tokens worth almost $40 million.

Curio Hit by $16 Million Exploit Due to Voting Power Vulnerability

‍Curio, a project focused on facilitating liquidity from real-world assets for firms, has fallen victim to a smart contract exploit related to a vulnerability in voting power privileges.

^{According to the Web3 security firm Cyvers, the hack most likely occurred due to a vulnerability in the permissioned access logic.} This vulnerability allowed the attacker to create an additional 1 billion CGT tokens, which in turn resulted in the hacker obtaining CGT tokens worth almost $16 million.