Spectral Labs identifies Syntax vulnerability, pauses contracts
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 01 2024Vulnerability Detected: Spectral Labs identified a vulnerability in its Syntax platform that allowed a hacker to steal $200,000 in liquidity; access to the platform has been disabled while they work on a fix.
Ongoing Crypto Threats: Despite a 15% decrease in year-to-date losses from crypto hacks in 2024 compared to 2023, significant incidents continue, including a $25.5 million hack of the Thala project and a $30 million loss from DEXX due to a private key leak.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
