Layer3.news

BALANCER COMMUNITY PROPOSES PLAN TO DISTRIBUTE FUNDS RECOVERED FROM HACK

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✍️ A proposal has been submitted to distribute $8 million recovered from the Balancer protocol's $116 million November hack to victims.

👉 The proposal covers the distribution of $8 million recovered by white hat hackers and internal rescue teams. 👉 Reimbursements will be paid non-socialized and in-kind, to avoid price mismatches between different digital assets. 👉 The hack was one of the most sophisticated in 2025, highlighting the need for crypto user safety.

-- #DeddyLavid #technology

BALANCER RELEASES PRELIMINARY POST-MORTEM REPORT AFTER $116M HACK

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✍️ A sophisticated hack was reported in 2025, according to Deddy Lavid, CEO of blockchain security company Cyvers.

-- #DeddyLavid #technology

STREAM FINANCE STABLECOIN PLUNGES 77% AFTER PROTOCOL'S FUND MANAGER LOSES $93 MILLION

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✍️ Stream Finance's external fund manager lost $93 million in user assets, causing a 77% crash in the price of its flagship stablecoin and exposing vulnerabilities in DeFi's lending ecosystem.

👉 External fund manager lost $93 million in user assets 👉 77% crash in the price of Staked Stream USD (xUSD) 👉 xUSD depegged and plummeted to $0.50 👉 Rehypothecation chains and recursive looping strategies exposed 👉 Stream Finance suspended all withdrawals and deposits

-- #KeithMiller #JosephCutler #DeddyLavid #chud.eth #Cbb0fe #technology

MARKET MAKER BALANCER COMPROMISED: KEY FACTS BEHIND THE $128 MILLION HACK

https://www.tradingview.com/x/nrMpufq3/

✍️ Balancer, a decentralized finance protocol, suffered a significant exploit, resulting in the loss of over $120 million in digital assets.

👉 Balancer suffered a significant exploit, resulting in the loss of over $120 million in digital assets 👉 The exploit was caused by compromised access control mechanisms within the protocol 👉 The attack targeted Balancer's V2 vaults and liquidity pools 👉 The stolen funds were consolidated and likely laundered through mixers or bridges

-- #DeddyLavid #AdiFlips #technology

GREEDYBEAR SCAM GROUP RAMPS UP CRYPTO THEFT TO ‘INDUSTRIAL SCALE’

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✍️ A malicious group, dubbed 'GreedyBear', has stolen over $1 million in cryptocurrency using a combination of browser extensions, malware, and scam websites.

👉 Over 150 malicious browser extensions published to the Firefox browser marketplace 👉 Crypto-themed malware, including credential stealers and ransomware variants 👉 Network of scam websites posing as crypto-related products and services

-- #TuvalAdmoni #DeddyLavid #technology

HOW HACKERS STOLE $44M FROM COINDCX WITHOUT TOUCHING USER WALLETS

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✍️ India's largest crypto exchange, CoinDCX, was hacked, resulting in a $44.2 million theft, but customer funds were kept safe due to the exchange's security architecture.

👉 CoinDCX, India's largest crypto exchange, was hacked on July 19, 2025, resulting in a $44.2 million theft. 👉 The hack was linked to the Lazarus Group of North Korea, a state-sponsored hacking syndicate. 👉 CoinDCX's security architecture kept customer funds safe, but the exchange's slow reporting of the hack raised concerns among the crypto community. 👉 The hack was carried out with military precision, with attackers using a combination of tactics, including exploiting legitimate operational privileges and using a crypto mixer. 👉 CoinDCX has launched a bounty program offering up to 25% of any recovered funds to incentivize researchers and white hat hackers to help track and retrieve the stolen assets.

-- #SumitGupta #ZachXBT #DeddyLavid #India #NorthKorea #technology

INDIAN CRYPTO EXCHANGE COINDCX LAUNCHES BOUNTY HUNT AFTER $44 MILLION EXPLOIT

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✍️ Indian crypto exchange CoinDCX announced it will offer up to 25% of recovered funds to help trace and retrieve assets stolen in a cyberattack that drained $44 million from one of its operational accounts.

👉 CoinDCX will offer up to 25% of recovered funds to help trace and retrieve stolen assets 👉 The breach targeted an account used solely for liquidity provisioning on a partner exchange 👉 No customer funds were impacted 👉 The exchange is calling on ethical hackers, white-hat researchers, and blockchain sleuths to trace the stolen funds 👉 The breach is part of a recent wave of exchange breaches

-- #SumitGupta #ZachXBT #DeddyLavid #ArjunVijay #VedangVatsa #NeerajKhandelwal #India #Singapore #technology

CAMBODIA’S $19 BILLION FINANCIAL SCAM EMPIRE FUELED BY CRYPTO, SAYS WATCHDOG GROUP

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✍️ A new report links senior Cambodian government officials to a global scam economy powered by crypto, with the country's ruling elite allegedly profiting from transnational fraud schemes.

👉 Cambodia's ruling elite is linked to a global scam economy powered by crypto 👉 Senior government officials are accused of enabling and profiting from transnational fraud schemes 👉 Huione Group is highlighted as a critical infrastructure in the scam industry 👉 Deputy Prime Minister Sar Sokha is named as a co-investor in one of Cambodia's largest scam compounds

-- #JacobSims #HunTo #SarSokha #DeddyLavid #HunManet #Cambodia #Sihanoukville #PhnomPenh #KohKong #Bavet #Pursat #politics