Former Alameda engineer Aditya Baradwaj has disclosed that the company suffered significant losses totaling $190 million as a result of three separate security incidents. These incidents include traders losing $100 million in DeFi by clicking on fake links, $40 million being lost in a liquidity farming scheme, and $50 million being lost due to a company's plain text key file. Baradwaj's revelations shed light on the vulnerabilities within the cryptocurrency industry and the need for enhanced security measures.
TIL: Former Alameda engineer Aditya Baradwaj reveals the company lost $190 million due to three security incidents: - Traders lost $100 million in DeFi by clicking fake links - $40 million was lost on a liquidity farming - $50 million was lost after a company's plain text key… https://t.co/IOOWkeqvxq
The beleaguered Alameda Research, part of Sam Bankman-Fried's crypto empire, lost at least $200 million to a variety of common cyber attacks, as per new claims made by ex-employee @aditya_baradwaj. By @shauryamalwa https://t.co/iT98S97tjH
ICYMI: Alameda bungled security, lost $190 million from hacks: former engineer https://t.co/vIHe6jBoFR
Alameda Research was conned for over $190 million during his time at the firm, says former Alameda Research engineer @aditya_baradwaj. https://t.co/2MFtyc3VrQ
Former Alameda engineer Aditya Baradwaj reveals the company lost $190 million due to three security incidents. Traders lost $100 million in DeFi by clicking fake links; $40 million was lost on a liquidity farming; and $50 million was lost after a company's plain text key file was… https://t.co/lhtnF6xuBu