Salus Security is a blockchain security company with services including automated detection, expert audit, web3 pentest, and customised security solutions.
Proudly securing innovation in the #BTC Ecosystem! We're glad to announce the audit completion for @LorenzoProtocol, ensuring robust security for all Lorenzo users! 🔒
Lorenzo Protocol is the premier platform for Bitcoin liquid staking token issuance, trading, and settlement 🚀
We're excited to announce the audit completion for @satlayer's deposit contract. 🔒
Satlayer enables BTC stakers to restake their BTC to secure any type of dApp or protocol as a Bitcoin Validated Service (BVS). Restakers provide security for BVS and developers to build a broader range of applications with full programmability while minimizing additional trust assumptions.
Delighted to announce that Salus has completed the audit of @xpsr_ by @confictionlabs 🚀🔒
Confiction Labs is pioneering “Collaborative Entertainment”, the next evolution for the entertainment industry. Leveraging the blockchain, AI, and the mass-appeal nature of video games.
🔒 We've completed a comprehensive security assessment of @LBank_Exchange, fortifying the platform and strengthening its security foundation. 🛡️
Founded in 2015, LBank is a leading global cryptocurrency exchange, serving over 12 million users worldwide. With a strong commitment to security, innovation, user satisfaction, and community involvement, LBank provides a smooth trading experience across 700+ cryptocurrencies and 836 trading pairs. Known for its deep connection to meme culture and the memecoin community, LBank has become a preferred platform for crypto enthusiasts.
September saw over $121M in losses across 18+ incidents, a significant decrease compared to last month. In addition, social media hacks targeting prominent figures and projects continued. Regulatory pressures also intensified.
We're excited to announce the successful audit completion of @AstherusHub, ensuring robust security for all Astherus users! 🔒🫡
Astherus is a liquidity hub for LSTs and LRTs. By adding utility to staked assets, Astherus expands the scale of asset utilization and maximizes user profitability. 🚀
Dive into last week's developments with Salus Intelligence. Discover key highlights in web3 security and technology. ⤵️
1. DeltaPrime, a DeFi project, confirmed that DeltaPrime Blue (Arbitrum) was attacked, resulting in a $5.98 million loss. The breach was caused by a compromised private key.
2. The official X account of AI platform DIN was hacked, leading to phishing posts and malicious links being shared. The team has since regained control of the account.
3. Banana Gun reported unauthorized wallet transfers affecting users due to a potential frontend vulnerability. The bot has been taken offline for investigation. Estimated loss: $1.9 million.
4. Ethena Labs reported that their domain registrar account was compromised in a DNS attack. The website has been disabled as a precaution. No protocol or funds were affected.
5. Decentraland's official X account was hacked, and a phishing link was posted. The team has since regained control of the account.
6. BingX announced that their hot wallet was likely hacked on September 20th, resulting in a loss of approximately $44.7 million.
7. A contract vulnerability led to the loss of $4.9M in ShezUSD after an attacker exploited free collateral to mint unlimited funds.
8. Germany shuts down 47 crypto exchanges used by ransomware groups to launder funds. Authorities warn they're tracing illicit users in "Operation Final Exchange.”
🚀 We're glad to announce the successful audit completion of LogX Network Contracts for our frens @LogX_trade! 🔒
LogX is the ultimate DeFI superapp, offering seamless trading experience of perpetual markets, Leveraged prediction markets, and more. LogX is powered by Arbitrum, Hyperlane, and AltLayer. LogX Network aggregates liquidity from top CEXs like Binance, Coinbase, and OKX, delivering limitless liquidity to DeFi consumers.
Looking forward to continue securing their innovative platform! LFG🤝
August witnessed over $309M in losses across 9 incidents. Two phishing attacks targeting whale wallets accounted for 94% of the total loss. Moreover, more than 18 major social media accounts of celebrities and well-known projects were hacked.
Social engineering attacks are a serious threat in Web3. These scams trick users into revealing sensitive information, leading to stolen NFTs, crypto, and more. Understanding these threats is your first line of defence. 🛡️
🌟 Stoked to team up with @Dappadofficial to bring a host of exciting perks to their ecosystem. As a premier launchpad utilising account abstraction, they are at the forefront of innovation. 🚀
Looking forward to fortifying the security of their ecosystem with our expertise.🔒
July witnessed over $279 million in losses across 25+ incidents. The total loss is more than double compared to last month. WazirX was the most affected, with staggering losses of $230M, followed by LiFi Protocol and Bittensor.
Dive into last week's developments with Salus Intelligence. Discover key highlights in web3 security and technology. ⤵️
1. Users of @lifiprotocol lost approximately $10M due to an exploit targeting infinite approvals. The protocol faced an identical hack back in 2022 losing $600K.
2. The cross-chain DeFi lending protocol @Minterest suffered a $1.4M loss in a flash loan attack.
3. trip[dot]com faced severe backlash after abruptly shutting down its NFT project @TrekkiNFT, which had promised staking and "travel to earn" features.
4. @WazirXIndia exchange hacked for $235M, pausing withdrawals after a multisig wallet was compromised. The attacker sold off tokens, causing significant drop in multiple token prices.
5. @RhoMarketsHQ faced a $7.6M oracle breach. The team has secured and reassigned the funds.
6. ETHTrustFund on the Base chain was rug pulled, leading to a whopping $2.1M loss for investors.