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According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack. Crema Finance Vulnerability Causes Defi App to Lose Millions — 6 Flashloans Executed Another defi protocol has lost funds to a hacker … Read more
The report published Tuesday highlights several scenarios in which various actors can garner excessive, centralized control of a blockchain system. Go to Source Powered by WPeMatico
It’s unclear at the time of publication whether there will be any recourse for investors in recovering the lost funds. Go to Source Powered by WPeMatico
A hacker apparently so thrilled by a successful theft left behind over $1 million in a smart contract that was set to destruct, permanently ensuring the crypto could never be moved. Go to Source Powered by WPeMatico
Beanstalk Farms offered a whitehat bounty to exploiters and outlined its plans moving forward should it be unsuccessful in its plea. Go to Source Powered by WPeMatico
The stablecoin protocol saw its own governance proposal system exploited enabling the malicious actors to extract all of its $182 million in collateral. Go to Source Powered by WPeMatico
According to Sky Mavis, the creators of the blockchain NFT game Axie Infinity, the Ronin network has been attacked, and a hacker has managed to siphon 173,600 in ethereum and 25.5 million usd coin (USDC). The attacker has obtained roughly $620 million worth of crypto assets, and the Ronin bridge and Katana Dex have been … Read more
Early information suggested that the stolen funds belonged to some of the early backers of the project and included team vested tokens. Go to Source Powered by WPeMatico
The addresses linked to the hack attack have managed to steal 206,809 Binance Coin from Qubit’s QBridge protocol. Go to Source Powered by WPeMatico
Multichain is asking users to revoke approvals to protect their assets amid a vulnerability that is currently being exploited. Go to Source Powered by WPeMatico