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Cork Protocol

Cork Protocol  

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How 11 audits couldn’t stop Balancer’s $128 million hack redefining DeFi risks

How 11 audits couldn’t stop Balancer’s $128 million hack redefining DeFi risks

For years, Balancer stood as one of DeFi’s most reliable institutions, a protocol that had survived several bear markets, audits, and integrations ...
Are crypto treasury companies a marvel of financial engineering or a ticking time bomb?

Are crypto treasury companies a marvel of financial engineering or a ticking time bomb?

The following is a guest post and opinion of Robert Schmitt, Founder of Cork Protocol. Many people view crypto treasury strategy companies as a for...
Silo Finance confirms $545K loss from a smart contract exploit

Silo Finance confirms $545K loss from a smart contract exploit

Decentralized crypto lending protocol Silo Finance confirmed on Wednesday that hackers had exploited a smart contract in its network. Reports from ...
DeFi Hacks Dominate May: $302 Million in Crypto Losses Reported

DeFi Hacks Dominate May: $302 Million in Crypto Losses Reported

The cryptocurrency sector experienced big security breaches last month, resulting in approximately $302 million in losses, predominantly due to DeF...
$162M of the $257M hackers stole in May was either frozen or recovered

$162M of the $257M hackers stole in May was either frozen or recovered

Hackers took $257M in May, from a mix of protocol and personal wallet hacks. A total of $162M were frozen and recovered from SUI protocol.
France Cracks Down on Crypto Kidnappings While Global Hack Losses Decline

France Cracks Down on Crypto Kidnappings While Global Hack Losses Decline

French authorities uncovered a major kidnapping network targeting crypto figures just as global hack-related losses fell in May.
Crypto users lost $244M to scammers in May, down 40% from April: PeckShield

Crypto users lost $244M to scammers in May, down 40% from April: PeckShield

Crypto scammers made away with about $244 million in the month of May, a new PeckShield report has shown. According to the report, the stolen amoun...
Libra Lawsuit Freezes $57M as $12M Vanishes in DeFi Hack

Libra Lawsuit Freezes $57M as $12M Vanishes in DeFi Hack

A US federal court has frozen $57.65 million in USDC amid a class-action lawsuit over the Libra meme coin, while Cork Protocol suffered a $12 milli...
Cork Protocol Pauses Contracts Amidst Investigation Of Potential Exploit

Cork Protocol Pauses Contracts Amidst Investigation Of Potential Exploit

Phil Fogel, co-founder of Cork Protocol, announced via X that the team is investigating a potential exploit and has paused all smart contracts as a...
Hackers strike again: Cork Protocol loses $12M in latest incident

Hackers strike again: Cork Protocol loses $12M in latest incident

Cork Protocol was exploited in the span of 20 minutes, with the hacker withdrawing wstETH, then quickly swapping the assets to ETH.