Why exploit Is Trending Today?

Abracadabra, a decentralized finance (DeFi) protocol, has suffered its third major hack in two years, with the latest incident resulting in a loss of $1.8 million. The hack, which occurred on March 15, 2024, saw an unknown attacker exploit a vulnerability in the protocol, allowing them to drain funds. This is the third such incident involving Abracadabra since 2024, with previous hacks occurring in January and February of the same year. Following the latest hack, Abracadabra has paused its contracts to mitigate further losses.

**Microsoft's SharePoint Under Attack: Chinese Hackers Exploit Unpatched Flaw, Impacting U.S. Nuclear Weapons Agency and Other Organizations** - Microsoft acknowledges a security flaw in SharePoint, known since May, but the patch failed to effectively address the issue. - Chinese state-backed hacking groups, including 'Typhoon', are exploiting this zero-day vulnerability to steal data and deploy malware. - The U.S. National Nuclear Security Administration (NNSA) was breached in this campaign, along with over 100 other organizations. - Microsoft has released emergency patches for SharePoint amid these active attacks. - Experts urge users to apply the patches immediately to mitigate the risk of further breaches.

GMX, a decentralized exchange, was hacked for $40 million in crypto. The hacker initially converted the stolen funds into 11,700 ETH and laundered them across Ethereum and Arbitrum. However, they later started returning the stolen funds, with over $9 million in ETH already reimbursed. The hacker also accepted a $5 million bounty offered by the GMX team, resulting in a net profit of $3 million from the exploit.

GMX, a decentralized exchange, suffered a $40-$42 million exploit, leading to a 20% price dive. The hacker converted stolen crypto to ETH and laundered funds through CrowSwap, rejecting a $4.2 million bounty. GMX halted trading and token minting, and Bithumb designated it a closely monitored asset.