hack

📅 January 31
We are not talking about a small protocol, but one that aggregates positions from almost 95% of the network's projects, that organizes the Solana Crossroads conference in Istanbul and that even ventured into the tokenization of stocks like Nvidia and Tesla.

📖The incident was revealed by the Step Finance team itself through a statement on X, where they confirmed a security breach in some of their treasury and commission wallets. Hours before the announcement, onchain data already showed unusual movements: exactly 261,854 SOL were de-staked and transferred out of the addresses linked to the protocol.
The security firm CertiK estimated that the value of the funds moved is around $29 million. However, the team is yet to clarify the root cause of the incident. It is not known whether it was a vulnerability in smart contracts, a flaw in access controls or the direct compromise of private keys. It has also not been confirmed whether user funds, beyond the protocol's treasury, were affected.
Step Finance is not a minor player within the ecosystem. Founded in 2021, it functions as a visualization dashboard that aggregates LP tokens, yield farm positions, and multiple Solana protocols into a single dashboard. Additionally, it operates the SolanaFloor news outlet, manages a validator node, and allocates 100% of the validator's revenue—after operating costs—to repurchases of the STEP token to distribute to those staking xSTEP.
This event adds to a chain of incidents that have hit projects in the Solana ecosystem in the last year. In April 2025, Loopscale lost $5.8 million just two weeks after its launch. In August, CrediX suffered a theft of $4.5 million after controlling an administrative wallet. In November, South Korean exchange Upbit reported a $37 million hack involving assets on the Solana network.

Topic Opinion:
No matter how big or well-known a project is, security remains the Achilles heel of DeFi.
💬 Do you think these types of incidents continue to slow down institutional adoption in Solana?

Leave your comment...
#solana #defi #Hack #CryptoSecurity #CryptoNews $SOL

Shibarium Bridge Hack: $2.3M Stolen — SHIB Dev Dares Hacker to Take the Cash! 🔥
📰 Summary
The $2.3 million Shibarium Bridge hack has taken a dramatic twist!
Developer Kaal Dhairya sarcastically challenged the hacker who drained millions through a flash loan exploit, saying:
> “Yo, Shibarium bridge attacker, wake up — grab free cash before the offer expires this time and do something right.” 😏
Meanwhile, K9 Finance, Shibarium’s staking partner, raised its bounty from 5 ETH to 20 ETH if the hacker returns 248 billion stolen KNINE tokens, which are now worthless after being blacklisted on-chain.
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💡 What is a Flash Loan Exploit?
A flash loan lets users borrow massive amounts of crypto instantly — as long as they repay it within the same transaction.
Hackers exploit this feature by manipulating system logic or token prices to trick protocols into sending them funds.
In this case, the attacker gained control of 10 out of 12 validator keys, fooling the bridge into withdrawing $2.3M in $ETH , SHIB, ROAR, and KNINE tokens.
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⚙️ What Happened Next
To protect the network and investors, the Shibarium team introduced new security measures, including:
🚫 Suspicious wallet blocking to stop blacklisted tokens from moving
⏳ 7-day withdrawal delay for BONE tokens
🤝 Partnership with dRPC.org for secure and reliable RPC systems
🧩 Incident response template to handle future attacks quickly
K9 Finance also increased its bounty to 20 ETH, hoping to recover the stolen tokens.
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📉 Market Impact
The hack caused short-term volatility in the SHIB ecosystem.
Prices dipped briefly as panic selling hit, but quick action and better security restored investor confidence.
Analysts believe that if the hacker returns the KNINE tokens or accepts the bounty, it could improve sentiment and spark a mild price recovery for SHIB.
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🧠 What This Means for Investors
Always verify official announcements before reacting to rumors.
Avoid suspicious wallets or tokens recently blacklisted on-chain.
Stay informed — transparency and security updates are key to DeFi survival.
A hack may shake trust, but redemption can rebuild it. 🐾💸
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📊 Key Stats
Event Detail
Hack Amount $2.3 Million
Stolen Tokens $ETH , SHIB, ROAR, KNINE
Validator Keys Compromised 10 of 12
Bounty Raised 5 ETH → 20 ETH
Attack Date September 12, 2025
Flash Loan Type Instant Borrow & Repay Exploit
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🧩 SEO-Friendly Tags
#Shibarium #SHİB #crypto #Hack #DeFi

🌐 The Crypto Market in Shock!
In 2024, total Web3 losses exceeded $2.9 billion. From DeFi to metaverses, no sector was spared. 🚨 The main vulnerability? Access control issues, responsible for 78% of all attacks.

💎 DeFi: Fewer losses, but major hacks persist
Losses decreased by 40%, but still reached $474 million. The biggest incident was the hack of Radiant Capital, costing $55 million.

🏦 CeFi in Trouble: Losses Double!
CeFi losses skyrocketed to $694 million. Notable attacks include a key leak at DMM Exchange ($305 million) and a multisignature vulnerability at WazirX ($230 million).

🎮 Games and Metaverses Lose Hundreds of Millions
The gaming sector reported $389 million in losses, accounting for 18% of all attacks. 🎲

🚩 Rug Pulls Shift to Solana
Scammers moved from BNB Chain to Solana, driven by the growing popularity of meme coins. 📈

🎯 Presales Turn into Traps: $122.5 Million Stolen in One Month!
In April 2024, scammers executed 27 fraud schemes using presales. 💰 They also exploited the names of celebrities and influencers to deceive investors.

👨‍💻 Phishing and North Korean Hackers
Phishing attacks led to $600 million in stolen funds, while North Korean hackers siphoned off $1.34 billion.

⚠️ Stay Alert!
Crypto scams are becoming increasingly sophisticated. 🛡️ Behind every meme coin, a trap could be waiting!
#Hack #scamriskwarning #solana