The bug only affects the Polygon implementation, and V3 is unaffected
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Polygon-Based Decentralized Exchange Quickswap Loses $220K in Flash Loan Exploit
On Monday, the Polygon-based decentralized exchange (dex) Quickswap lost $220K in a flash loan exploit and following the attack, the team detailed the Quickswap Lend platform will be terminated. Quickswap Hacked for $220K, Dex Project Sunsets Lending Platform 2022 has been quite the year for decentralized finance (defi) hacks as billions have been stolen due […]Powered by WPeMatico
Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks
Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart Chain Dapps – $167 […]Powered by WPeMatico
Warp Finance adds Chainlink oracles to protect against flash loans
Warp Finance’s hack for $8M could have been prevented with better oracles, team says.
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Report identifies 18 serious ‘non-financial risks’ for DeFi
Beyond the obvious financial risks, there are a number of technical risks DeFi users should be aware of.
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Money Market Protocol Aave Settles $300 Million in Defi Flash Loans
This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time soon. In just a short […]
The post Money Market Protocol Aave Settles $300 Million in Defi Flash Loans appeared first on Bitcoin News.
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Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License
The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi project Aave (the Finnish word for ‘ghost’) has seen […]
The post Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License appeared first on Bitcoin News.
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Inter-Blockchain Liquidity: Minting Synthetic Bitcoin Cash With the Ren Protocol
The decentralized finance (defi) ecosystem has matured quite a bit in 2020 and one project that’s seen some growth is the Ren Protocol. The application that allows people to access inter-blockchain liquidity for a number of defi applications. The following post is a step-by-step guide on how to leverage the Ren Protocol with Bitcoin Cash […]
The post Inter-Blockchain Liquidity: Minting Synthetic Bitcoin Cash With the Ren Protocol appeared first on Bitcoin News.
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Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours
The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral. Since the last week of June, defi flash loans have increased by 809% as the […]
The post Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours appeared first on Bitcoin News.
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Understanding Defi Flash Loans: Complex Attacks, Inflation and Composable Systems
Two recent flash loans on the defi platform Bzx have started a fierce debate about the subject of using uncollateralized loans in a quick trade. Essentially these flash loans are providing people with the ability to borrow crypto without relinquishing any collateral. The scheme was used to exploit funds from the Bzx platform twice, as […]
The post Understanding Defi Flash Loans: Complex Attacks, Inflation and Composable Systems appeared first on Bitcoin News.
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