Defi hacking becomes a career: Mitchell Amador warns about hackers viewing breaches in DeFi as careers. He stressed the urgency of improving regulations and security as incidents rise. The use of sophisticated methods like MEV bots, which front-RUN trades, demonstrates the advancing threat landscape.
$50 million radiant capital hack: Radiant Capital’s recent hack, totaling $50 million, showcases the sophistication of hackers, notably North Korean groups. They exploited human vulnerabilities, bypassing advanced systems, complicating DeFi security. ImmuneFi leads the charge for better security with a $1.5 million bug bounty contest.