The cryptocurrency market remains active despite holidays. This edition reviews the week's key events, including the leak at KiloEx and new phishing scams.
KiloEx Loses $7.4M
The decentralized platform KiloEx fell victim to an attack that resulted in a theft of $7.4 million. The attack occurred on April 14 and was identified by Cyvers Alerts. Attackers exploited a vulnerability in KiloEx’s price oracle access controls, manipulating the ETH/USD feed to drain funds. After the breach, KiloEx halted operations and is working with firms like BNB Chain and Manta Network to track the attacker.
Phishing Schemes and Solana Memecoins
This week also saw several phishing incidents, including a sophisticated scheme utilizing Google’s infrastructure, adding to the overall atmosphere of fraudulent activities. At the same time, the platform Raydium launched a new memecoin on Solana, attracting attention with a rise in RAY prices. The existing competition among memecoins on Solana continues to grow.
Global News and Market Trends
On the global scene, changes are occurring such as Russia's intent to launch a national stablecoin to guard against sanctions, as well as discussions in Sweden about including Bitcoin in national reserves. Meanwhile, various countries are adapting their regulatory approaches to cryptocurrencies, which is also a topic of discussion among politicians.
The week in the crypto space was eventful, featuring significant occurrences ranging from leaks to fraud, highlighting the need for increased vigilance among market participants.
