🔐 Cyber News (May 16, 2024):

1️⃣ Sonne Finance: Sonne Finance, a decentralized lending protocol, fell victim to an exploit resulting in around $20 million in damages. According to reports, the attacker exploited a known vulnerability in the Compound v2 forks, one of which includes Sonne Finance. 🔓

2️⃣ Baidu: The municipal public security bureau of Chengdu, in Sichuan province, with the assistance of their counterparts, halted the operations of an underground cryptocurrency bank catering to smugglers and individuals seeking to transfer assets abroad. Suspects utilized #USDT to evade national currency regulations, conducting transactions totaling 13.8 billion yuan (over $1.9 billion). 🛑

3️⃣ Bloomberg: BlockTower Capital, a cryptocurrency hedge fund, was targeted in a hacking incident. Despite ongoing efforts, the firm has been unable to recover the funds or identify the perpetrators. However, BlockTower Capital has already engaged blockchain crime investigation analysts and informed its limited partners about the attack. 🕵️‍♂️

4️⃣ hoak: An employee of the decentralized exchange (DEX) Cypher, built on Solana, misappropriated approximately $315,000 from the project and subsequently lost the funds in gambling activities. Accepting responsibility, the individual has acknowledged the forthcoming consequences. 😞

5️⃣ CertiK: DeFi platform Alex Labs, operating on the #Bitcoin network, experienced a breach resulting in losses of roughly $4.3 million. Speculation surrounds a potential compromise of private keys. 🚨

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