Team Finance hacker returns $7M to associated projects after exploit
The individual who exploited the protocol intends to keep a 10% bounty of the stolen funds. Go to Source Powered by WPeMatico
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Compound pauses 4 tokens to avoid price manipulation: Finance Redefined
The last week of October turned bearish for the DeFi market despite the string of hacks, as the majority of the DeFi protocols registered bullish weekly gains. Go to Source Powered by WPeMatico
Fantom Network Launches Automated Smart Contract Audit System Watchdog to Monitor for Bugs
On October 27, the Fantom Foundation announced a collaboration with the security and analysis platform Dedaub in order to bolster Fantom’s decentralized finance (defi) ecosystem. Dedaub’s monitoring system called Watchdog will monitor smart contracts on the Fantom blockchain for exploits and buggy code. Fantom Looks to Curb Defi Exploits With Watchdog Monitoring System The Fantom … Read more
After Mango Market exploit, Compound pauses four tokens to protect against price manipulation
Compound users can no longer use yearn finance (YFI), 0x (ZRX), basic attention token (BAT) or maker (MKR) tokens as collateral for loans. Go to Source Powered by WPeMatico
Gate.io users at risk as scammers fake giveaway on hacked Twitter account
The fake website is actively promoting a fake giveaway of 500,000 USDT while asking users to connect their wallets (such as MetaMask) to claim the rewards. Go to Source Powered by WPeMatico
Unsung hero saves DeFi protocol from potential exploit: Finance Redefined
Analytical data reveals that DeFi’s total value registered another dip, with the total value locked (TVL) falling below $50 billion at the time of writing. Go to Source Powered by WPeMatico
Hacker Siphons Close to $300K in OHM Tokens From the Olympus DAO
On Friday, October 21, a malicious entity siphoned 30,437 OHM tokens from the Olympus DAO after finding a loophole in the rebase project’s smart contract. Following the exploit, the blockchain security and data analytics company, Peckshield, detailed the hackers stole close to $300K in OHM tokens. Hacker Exploits Smart Contract’s ‘BondFixedExpiryTeller’ Parameter, $292,000 in OHM … Read more
Report: Half of all DeFi exploits are cross-bridge hacks
Over $2.5 billion have been stolen from cross-chain bridges in the past two years. Go to Source Powered by WPeMatico
Crypto hacks are set to hit all-time highs in 2022, analyst explains
Kim Grauer, Director of Research at Chainalysis, explains why the amount of crypto stolen in hacks is surging and what could be done to invert this dangerous trend. Go to Source Powered by WPeMatico
BNB Chain responds with next steps for cross-chain security after network exploit
The BNB Chain team released its official statement on Oct. 7 regarding the hack and stolen funds, and a second statement on Oct. 11 on network decentralization. Go to Source Powered by WPeMatico