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Ray Youssef, CEO of the peer-to-peer cryptocurrency platform NoOnes, has disclosed an $8 million exploit that occurred on the platform, following an investigation by ZachXBT. The incident, which took place on January 1, involved a breach of NoOnes' Solana bridge, leading to the loss of funds that were subsequently funneled through Ethereum, Tron, Solana, and Binance Smart Chain. This breach highlights ongoing vulnerabilities in crypto infrastructure, particularly concerning cross-chain bridges. In a related incident, the cryptocurrency exchange Phemex faced a cyberattack that resulted in a loss of $69 million, illustrating the risks associated with decentralized finance and multi-chain support.
Phemex just got a crash course in "how not to be decentralized after a cyberattack costing them a meme-worthy $69M
NoOnes Breach: $8M Lost, Solana Bridge Under Fire Another day, another bridge exploited. NoOnes’ $8M hack underscores a recurring issue: bridges remain some of the most vulnerable points in crypto infrastructure. The attack funnelled funds across Ethereum, Tron, Solana, and… https://t.co/AR5BKBHFdK
NoOnes’ Solana Bridge Got Wrecked: $8M Gone Another bridge bites the dust. NoOnes lost $8M in crypto after hackers exploited their Solana bridge on Jan 1, with withdrawals spread across Ethereum, Tron, Solana, and Binance Smart Chain. The funds? Washed through Tornado Cash.… https://t.co/xhC5tcKKJh
