“Considering how much was at stake, I believe our team has made the best decisions possible given the circumstances,” said Polygon’s co-founder Jaynti Kanani.
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Category: bug
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Compound crisis averted? Securing exposed COMP could be just the start
Compound protocol has placed $150 million worth of COMP tokens at risk, but a bug fix is likely to remedy the situation after giving the community a scare.
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Compound Facing More Problems: More Than $140 Million in Tokens up for Grabs
Compound, one of the main cryptocurrency lending protocols on Ethereum, is facing serious problems again. According to banteg, a Yearn developer, someone called a function that moved more funds to be available for users to claim. Now, users can claim up to $140 million of the protocol’s native currency, comp. Compound is hoping users won’t […]Powered by WPeMatico
Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians
On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that […]Powered by WPeMatico
Defi Platform Cream Finance Hacked, $29 Million Lost
Cream finance, a defi borrowing and lending protocol, has been the victim of a hack that erased more than $29 million from its vaults. The attacker took advantage of a loophole in the implementation for adding the amp token to the protocol. This is the second time the platform has been involved in a hack. […]Powered by WPeMatico
Bug in Ethereum client leads to split — EVM-compatible chains at risk
“Stay away from doing [transactions] for a while till confirmed, unless you are sure you are submitting to latest Geth,” advised Andre Cronje.
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Filecoin network suffers temporary outage
The Filecoin network is recovering as miners upgrade to a new client after a four-hour network outage.
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Lightning Network User Confused By Protocol: Lost 30,000 USD
The Lightning Network has long been touted by its proponents as a speedy, low-cost solution to Bitcoin’s scaling issues. A series of security scares and UX issues have called that vision into question however. The latest LN slip-up saw a user lose 4 BTC in one fell swoop. Also read: Hidden Lightning Network Bug Allowed […]
The post Lightning Network User Confused By Protocol: Lost 30,000 USD appeared first on Bitcoin News.
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Hidden Lightning Network Bug Allowed Spending of ‘Fake’ Bitcoins
A bug discovered in the Lightning Network in June, which allowed lightning bitcoins not backed by actual bitcoins to be spent, has officially been addressed in a new dev full disclosure report released on Friday. The problem has reportedly been remedied, but the security oversight casts doubts on an already heavily scrutinized protocol, and whether […]
The post Hidden Lightning Network Bug Allowed Spending of ‘Fake’ Bitcoins appeared first on Bitcoin News.
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Bitcoin History Part 10: The 184 Billion BTC Bug
There was something unusual about Bitcoin block 74638. It was Core developer Jeff Garzik who first spotted it, commenting on the “quite strange” transaction outputs, which stood at 92233720368.54 BTC apiece. That wasn’t meant to happen. Within an hour, another forum user had started a thread titled “overflow bug serious” in which he implored “We […]
The post Bitcoin History Part 10: The 184 Billion BTC Bug appeared first on Bitcoin News.
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