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Company

PeckShield

PeckShield is a blockchain security firm that audits smart contracts and tracks crypto hacks, exploits, and fund movements across chains.

Known aliases

  • Peckshield
  • PeckShieldAlert

Current stories

investConfirmed2 publishers

A newly whitelisted contract drained over $6 million in wstETH from a Base vault with seven unnamed signers

Security firms traced about 1,783 wstETH, worth more than $6 million, out of a Base vault on Oct. 4 whose owner is an anonymous 3-of-7 Safe. With Base and Aave's core contracts not blamed, the loss lands on a custody setup whose seven signers no one has publicly identified.

Publishers:dev.tonews.bitcoin.com

Reality

Evidence62
Adoption
Insufficient
Hype gap+15
Incentives
Insufficient
Confidence58
investOne report1 publisher

Bitget's wallet breach accounts for about four-fifths of September's crypto theft after returns

Bitget lost about $387.5 million to forged withdrawals from its wallet system, more than half of September's $742 million in crypto thefts. Most of Liquid Network's loss was handed back, so what stayed stolen sits mainly with one exchange's withdrawal infrastructure.

Reality

Evidence58
Adoption
Insufficient
Hype gap+8
Incentives
Insufficient
Confidence55
investConfirmed5 publishers

Cronos halted its own chain to keep $60M of the Tectonic drain within reach

An attacker pumped TONIC roughly 100x in twenty minutes and borrowed against it, which is the 2022 Mango playbook run again, and the only reason most of the money stayed reachable is a validator cap of 100.

Perspective Coverage

5 publishers
Builder
Builder 32%
Operator
Operator 37%
Investor
Investor 31%

Reality

Evidence62
Adoption40
Hype gap+10
Incentives35
Confidence60
securityConfirmed3 publishers

Cronos validators halted the chain to strand $68m of a $74m Tectonic borrow

A 20-minute push on TONIC's price bought the attacker $74 million in borrows against it, but only about $6 million reached Ethereum before Cronos stopped producing blocks and rewound its own state.

Perspective Coverage

3 publishers
Builder
Builder 22%
Operator
Operator 50%
Investor
Investor 28%

Reality

Evidence68
Adoption12
Hype gap+20
Incentives50
Confidence62