Lag0s:
Results for: A security breach at Penpie led to a loss of funds, but quick action protected $105 million from further attacks.
Week Summary
Artificial Intellegence
  • DALDA enhances data augmentation techniques by leveraging both LLMs and diffusion models to generate semantically rich images.
  • AlphaChip represents a significant advancement in AI applications for chip design, utilizing reinforcement learning methodologies.
  • The Statewide Visual Geolocalization project provides resources for implementing visual geolocalization techniques in real-world scenarios.
  • CaBRNet introduces a framework for developing explainable AI models, addressing reproducibility and fair comparisons.
  • The BitQ paper proposes a framework for optimizing block floating point precision in deep neural networks for resource-constrained devices.
  • Commit-0 is an AI coding challenge aimed at rebuilding core Python libraries, emphasizing code quality and testing.
  • OpenAI
  • NotebookLM
  • The impact of AI on labor markets will be gradual, allowing society to adapt while fostering a culture of collaboration and innovation.
  • AI has the potential to address global challenges like climate change and space colonization, but risks must be managed proactively.
  • The need for accessible computing infrastructure is crucial to ensure AI benefits everyone and does not lead to inequality.
  • AI's role as an autonomous assistant in healthcare and technology development is expected to evolve, marking a transition to the Intelligence Age.
  • Deep learning breakthroughs have positioned AI to resolve complex problems, leading to significant improvements in quality of life.
  • The integration of AI into daily life promises unprecedented levels of shared prosperity, although wealth alone does not guarantee happiness.
  • OpenAI
  • Penpie suffers a $27M loss due to a security breach; Pendle's team acts quickly to prevent further damage.
    Thursday, September 5, 2024

    Earlier today, a security breach targeted Penpie, causing a loss of funds, but quick action from Pendle's team successfully paused contracts, protecting $105M from further attacks.

    Hi Impact
    PenpieSecurity Breach
  • Alex Labs suffers a $29.3M hack due to a phishing attack, compromising security.
    Friday, May 17, 2024

    Alex Labs was recently hacked for ~$29.3M USD hack in STX because of a phishing attack that compromised private keys.

    Hi Impact
    Alex LabsSecurity Breach
  • CoinStats suffers $2.2m theft from 1,590 wallets due to unauthorized access.
    Monday, July 15, 2024

    On June 22, CoinStats detected unauthorized access to its infrastructure, resulting in the theft of approximately $2.2 million in cryptocurrency from 1,590 CoinStats Wallets.

    Hi Impact
    CoinStatsSecurity
  • Bankroll Network DeFi protocol hacked, $230K drained due to vulnerability.
    Tuesday, September 24, 2024

    A hacker reportedly drained $230K from the DeFi protocol Bankroll Network by exploiting a vulnerability, potentially using flash loans for initial deposits. This incident involved large transfers between contracts and accounts. Investigations are continuing.

    Hi Impact
    Bankroll NetworkDeFi protocolCybersecurity
  • LI.FI bridge hacked for at least $8M, leading to unauthorized withdrawals.
    Wednesday, July 17, 2024

    The LI.FI bridge has been hacked for at least $8M. This has resulted in unauthorized withdrawals of up to $5.8M in ether and various stablecoins. LI.FI has advised users against interacting with its dapps while the issue is investigated. Users who did not set infinite approval should not be at risk.

    Hi Impact
    LI.FI bridgehack
  • Solana patches critical security vulnerability with swift and coordinated effort.
    Friday, August 9, 2024

    A critical security vulnerability in Solana was addressed through a coordinated and confidential patching process, with 70% of the network's stake patched before public disclosure. The Solana Foundation, Anza, Jito, and other core contributors reached out to validators personally and through various communication platforms, ensuring a rapid and secure update. This swift response showcases the dedication and effectiveness of the Solana community and engineering teams in maintaining network security.

    Hi Impact
    Solana
    Cryptocurrency Security
  • Hacker exploits admin account to mint 5 billion GALA tokens, selling a portion for $21.8 million in Ethereum.
    Thursday, May 23, 2024

    A hacker exploited an admin account to mint 5 billion GALA tokens, quickly selling off a portion for $21.8 million in Ethereum, despite Gala Games' efforts to contain the breach using its blocklist feature. This incident adds to Gala Games' troubled history, which includes previous massive token thefts and legal issues, casting further doubt on the company's security measures and internal integrity.

    Hi Impact
    GALA tokens
  • Bittensor network halts due to a security exploit, leading to significant TAO token theft.
    Wednesday, July 3, 2024

    Bittensor developers have halted their blockchain network following the discovery of a suspected security exploit targeting users' wallets initially reported by on-chain analyst ZachXBT. The halt was enacted to prevent further unauthorized access while an investigation is conducted. Approximately $8 million worth of TAO tokens were stolen, causing a 15% drop in the token's value.

    Hi Impact
    BittensorSecurity
  • Middle Eastern exchange Rain suffers a hack, losing around $14.8M in various cryptocurrencies.
    Tuesday, May 14, 2024

    ZachXBT reports that Rain, a top Middle Eastern CEX, was recently hacked for ~$14.8M in BTC, ETH, SOL, and XRP.

    Hi Impact
    Rain
  • Galois Capital fined $225,000 by SEC for custody failures, losing over half of its assets in FTX collapse.
    Thursday, September 5, 2024

    Galois Capital, a prominent advisory firm and Crypto Twitter presence, was fined $225,000 by the SEC for failing to comply with requirements related to the safeguarding of client assets. Certain assets were not held with a qualified custodian. Over half of the fund's assets were lost in the FTX collapse in 2022.

    Hi Impact
    Galois CapitalRegulatory Action
  • Pump.fun reports $1.9M exploit by ex-employee, raising security concerns.
    Friday, May 17, 2024

    Although Pump.fun, a new popular memecoin launcher, claims its smart contracts are secure, a former employee allegedly exploited a vulnerability, stealing ~12.3K SOL (approximately $1.9 million).

    Hi Impact
    Pump.funSecurity Breach
  • Linea pauses operations due to Velocore hack.
    Monday, June 3, 2024

    Linea halted its sequencer and block production in an attempt to halt a hacker's fund transfer after the Velocore DEX was exploited on zkSync Era and Linea.

    Hi Impact
    Linea
    Velocore
    Hack
  • SurfsharkOne+ offers solutions to protect your identity online following mass data breaches.
    Thursday, July 25, 2024

    There's been so many mass data breaches lately, it's hard to even keep up. Companies aren't ready for the age of AI, and hackers are growing bolder by the day. It's up to you to protect your identity online. You can't prevent your data from ever being leaked. But with SurfsharkOne+ you can find out if your data was in a breach, and remove it from data broker websites ASAP. You'll also get real-time notifications if your credit card or ID details are leaked.

    Hi Impact
    SurfsharkOne+
Month Summary
Artificial Intellegence
  • Intel unveiled its Core Ultra 200V lineup, promising superior AI performance and efficiency for thin laptops.
  • Alibaba Cloud launched Qwen2-VL, a vision-language model with enhanced capabilities for visual understanding and multilingual processing.
  • Google Photos introduced an AI-powered search feature, allowing users to search photos using complex natural language queries.
  • OpenAI is considering high subscription prices for its upcoming large language models, indicating a shift in its pricing strategy.
  • Google is providing AI-written summaries for news articles in search results, impacting publisher visibility and SEO strategies.
  • You.com
  • A new technique for overcoming overfitting in Vision Mamba models was introduced, allowing for scaling up to 300M parameters.
  • A report warns that generative AI models may struggle due to restrictions on crawler bots, leading to reliance on lower-quality data.
  • Anthropic released starter projects for scalable customer service agents powered by Claude, collaborating with former AI heads from major companies.
  • OpenAI's upcoming GPT Next will be trained with 100 times the compute load of GPT-4, with a release expected later this year.
  • Nvidia's new Blackwell chip achieved top performance in MLPerf's LLM Q&A benchmark, while competitors like AMD and Untether AI also showed strong results.
  • xAI has launched the world's largest training cluster, the 100,000 Colossus H100, with plans to double its size soon.
  • Nearly 200 Google DeepMind employees urged the company to end military contracts, citing ethical concerns regarding AI use.
  • Apple is exploring robotics, potentially introducing devices like an iPad on a robotic arm, with a projected release in 2026 or 2027.
  • OpenAI's Command R and Command R+ models received upgrades, improving recall, speed, math, and reasoning capabilities.