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Hacking. Disinformation. Surveillance. CYBER is Motherboard's podcast and reporting on the dark underbelly of the internet.
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Osmosis did not respond to a request for comment sent via Twitter DM. The hack comes just days after hackers stole around $113 million from another decentralized exchange (DEX) called Maiar. In that case, the developers also took the exchange offline to deal with the hack, and later claimed that they were able to patch the bug and recover the stolen funds. While $5 million is not a high amount given the severity of other crypto hacks, it shows once again that a lot of crypto projects run on highly vulnerable code that hackers are quick to exploit, causing serious damage. In the first three months of this year, hackers and scammers have stolen around $1.6 billion in crypto, according to blockchain cybersecurity company CertiK. Subscribe to our podcast, CYBER. Subscribe to our new Twitch channel.Do you have information about other crypto hacks? Do you research vulnerabilities on cryptocurrencies and their networks? We’d love to hear from you. You can contact Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257 1382, Wickr/Telegram/Wire @lorenzofb, or email lorenzofb@vice.com