A crypto incident is an event that disrupts the normal operation or security of a cryptocurrency system or asset. These occurrences can range from smart contract vulnerabilities and hacks to exchange failures or regulatory interventions. Such events often lead to financial losses or significant market volatility.
Context
Coverage of crypto incidents typically details the nature of the breach, the extent of assets affected, and the response from affected protocols or exchanges. Analysis frequently scrutinizes the security architecture and risk management practices that may have contributed to the event.
A reentrancy vulnerability, introduced during a prior patch, allowed an attacker to manipulate price oracle logic and drain $42 million from GMX V1 liquidity pools.
A critical vulnerability in Shibarium's validator system, exploited by a flash loan, enabled unauthorized asset withdrawals, halting the bridge and jeopardizing user funds.
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