Clober gets clobbered

Clober, a DEX built on Coinbase's Base Ethereum layer-2, suffered an exploit only about a week after its launch. A re-entrancy bug in the project allowed an attacker to siphon 133.7 ETH (~$501,000) from the project. Although the project boasted of audits, Clober had made changes to a contract after the audits that introduced the vulnerability.

Clober has offered a 20% "bug bounty" to the exploiter vi on-chain message, though they have not yet received any public reply.

Alpaca Finance proposes $50,000 restitution for $2.8 million in losses

Users of the Alpaca Finance lending protocol suffered losses when the protocol's sloppy oracle implementation finally resulted in consequences. Although many had warned the project about their glacial oracle setup, and the vulnerabilities they were opening themselves up to, the project repeatedly denied any issues and even banned those voicing concerns.

Then, when a new token called THENA was listed on Binance and experienced major volatility as trading opened, Alpaca's issues came to a head. As the token price surged, the slow oracle failed to reflect price changes, allowing people to withdraw far more THENA than they had posted as collateral. THENA lenders have lost an estimated $2.8 million.

On December 10, Alpaca Finance proposed distributing $50,000 "saved" by their liquidation bot to the lenders who had lost funds. Alpaca Finance also banned users complaining about their losses in the project Discord, dismissing them as a "group bot/FUD attack".

Clipper DEX suffers $450,000 hack

The Clipper decentralized exchange suffered a $450,000 exploit across two Ethereum layer-2 chains. Although some speculated that the issue may have been a private key leak, Clipper denied this, and instead said that an attacker had exploited a feature allowing people to make withdrawals denominated in a single token by performing swaps along with the withdrawal.

Although the $450,000 theft is relatively small compared to some other crypto hacks, it represented around 6% of the total value locked on Clipper. Clipper stated they were working to trace and attempt to recover funds, and asked the hacker to contact them to potentially negotiate a return of some funds.

Around $21 million in losses reported by users of DEXX

DEXX, a platform that advertises itself as the "first memecoins trading terminal application", disclosed that it had been hacked when it posted a message on social media addressed to "Mr./Ms. Hacker", asking they return stolen funds in exchange for "destroy[ing] all information we currently have on the hack" and not pursuing further legal action.

DEXX did not disclose how much was taken in the breach, but hundreds of victims have reported around $21 million in combined losses so far.

Polter Finance exploited for $12 million

The Fantom-based Polter Finance defi project was exploited for $7 million when an attacker was able to perform an oracle manipulation attack. By artificially increasing the price of the $BOO token, which is a governance token used by the SpookySwap project, they were then able to use that token to drain Polter's liquidity pools using a flash loan. The attacker successfully drained the entire $12 million worth of tokens on the platform.

The creator of the platform stated that they had filed a police report with Singaporean authorities. They also attempted to contact the hacker via on-chain message to negotiate the return of funds, but have not received a response.

Thala Labs loses, then recovers, $25.5 million

The Thala Labs Aptos-based defi project suffered a $25.5 million theft when an attacker exploited a vulnerability in one of their smart contracts. They paused related smart contracts and froze tokens where they were able, ultimately freezing around $11.5 million in assets. After working with law enforcement and several blockchain security teams, they successfully negotiated the return of the assets, leaving the attacker with a "bounty" of $300,000.

DeltaPrime loses $4.8 million in second hack

The DeltaPrime defi protocol was hacked for the second time in two months, losing $4.8 million in Arbitrum and Avalanche tokens. The attacker appeared to have exploited a flaw in one of the platform's smart contracts that enabled them to borrow more than they put up in collateral.

DeltaPrime paused the protocol on both Arbitrum and Avalanche, stopping the attacker from being able to steal more funds than they already had.

DeltaPrime was hacked previously on September 16, losing $6 million after a leaked private key enabled an attacker to mint a huge number of the platform's stablecoin deposit receipts.

Trader reveals he lost $28 million to bad copy-paste

After apparently exhausting all his other options, a trader has put out a call to "all skilled hackers and white hats out there" to help him recover 7,912 Renzo staked ETH (ezETH) he inadvertently sent to an inaccessible address back in June. The tokens were priced at a little over $28 million at the time, and are currently priced at a little less than $26 million. According to the trader, he copied the wrong address to his clipboard before making the trade, which rendered his funds permanently inaccessible.

Short of finding a vulnerability in Renzo, the trader's only real choice is to plead with Renzo to change their smart contract in such a way as to release the funds. While this is technically possible, Renzo has told the trader they could not grant his request due to "regulatory limitations".

Supply chain attack stemming from JavaScript animation library results in losses for users of 1inch and other platforms

Attackers were able to inject malicious code into the popular "LottieFiles" JavaScript animations library. Visitors to websites using the library saw a prompt to connect their crypto wallets to what was ultimately a cryptocurrency wallet drainer. This affected some crypto platforms that used the library, including the 1inch decentralized exchange aggregator. One victim who connected their wallet suffered the loss of 10 BTC (~$723,000).

Other crypto platforms affected included TEN Finance and Movement. Because the animations library is widely used, other non-crypto-related websites also showed the prompt.

Sunray Finance hacked for $2.7 million

A perpetuals trading platform called Sunray Finance was hacked on October 30 by an attacker who was able to upgrade a smart contract used by the protocol. They then were able to mint a massive number of the protocol's SUN token — 200 sextillion, to be precise. Then, they cashed out what they were able to, crashing the SUN token price in the process. Ultimately, the attacker made off with about $2.1 million of the Tether stablecoin.

In the process of selling off tokens, an arbitrage bot was able to take advantage of the price difference by selling the rapidly crashing SUN token into a second liquidity pool that apparently went unnoticed by the hacker, and the bot operator also profited around $560,000.

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