Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated
Blockchain security firm PeckShield estimates the protocol suffered more than $2.1 million from the price manipulation attack. Go to Source
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Blockchain security firm PeckShield estimates the protocol suffered more than $2.1 million from the price manipulation attack. Go to Source
Some analysts have provided possible ways the exchange was exploited and pinned potential initial losses at over $600,000. Go to Source Powered by WPeMatico
While Ethereum-based protocols have been hit with the majority of the exploit activity, BNB Smart Chain has also seen similar “copycat” exploits, according to BlockSec. Go to Source Powered by WPeMatico
The lending app was drained of funds using a “read-only reentrancy” bug, a type of vulnerability that is often difficult for auditors to spot. Go to Source Powered by WPeMatico
The $29 million TVL lending platform is shutting down because its oracles are misreporting Multichain token values after the exploit. Go to Source Powered by WPeMatico
The contract has used an “anySwapFeeTo” function to transfer hundreds of thousands of dollars worth of tokens to itself, which on-chain sleuth Spreek suspected may have been malicious. Go to Source Powered by WPeMatico
Chainalysis told Cointelegraph that they were “describing it as a possible rug pull,” based on an analysis of Multichain’s spurious transactions and internal problems. Go to Source Powered by WPeMatico
Crypto wallet drainers, or sweepers, are malicious smart contracts that can quickly empty a crypto wallet of its funds and are a standard tool for phishing scammers. Go to Source Powered by WPeMatico
Some Multichain contracts on Ethereum suffered withdrawals of more than half of their deposits, causing on-chain sleuths to fear an exploit is underway. Go to Source Powered by WPeMatico
The exploiter used a “panic” function buried within eight different smart contracts to remove $1 million worth of users’ funds without their permission. Go to Source Powered by WPeMatico