Cyvers in the News

Over 70% of hacked funds are lost to CeFi entities: ^Cyvers

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^{To improve these vulnerabilities, the industry needs a more holistic approach to Web3 security, according to Cyvers’ Lavid, who said:}

“Addressing these vulnerabilities requires a shift towards a more mature and conscious approach to security. Securing entire networks, not just individual projects, and focusing on both technological and human factors are essential steps in this direction, especially as L2 networks continue to grow."

Terra exploited for $6.8m due to reentrancy vulnerability: report

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^{According to Cyvers, hackers have stolen 60 million} ASTRO, 3.5 million USDC, 500,000 USDT and 2.7 Bitcoin BTC-0.93%Bitcoin from the Terra blockchain. The total amount of reported losses has reached roughly $6.8 million.

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^{Cyvers claims that this vulnerability was “revealed in April of this year.”}

WazirX Hit By ₹1,900 Cr Breach; North Korean Hacker Group Suspected Behind Cyber Attack

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^{The breach was first noticed by Cyvers}, a cryptocurrency cybersecurity firm based in Israel, who, after verifying it, immediately reached out to WazirX and also announced the breach on X.

^{Hakan Unal, Senior Security Operation Center Lead at Cyvers}, told the FPJ in an exclusive interview that the breach was detected almost as soon as it was executed, thanks to their advanced Artificial Intelligence-based monitoring systems.