Cyvers in the News

Hacker mints 1B tokens in $16M Curio smart contract exploit

‍Curio said it will conduct a fund compensation program for affected liquidity providers, which could potentially take up to one year to complete.

^{Web3 security firm Cyvers estimated that the losses from the exploit are about $16 million.} The security firm said the exploit involved a “permission access logic vulnerability.”

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.

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