Finance Redefined: Swindling the lender and a $100M pot, Aug. 30–Sept. 3
Hackers run wild, but DeFi marches on; all covered in this weeks Finance Redefined. Go to Source Powered by WPeMatico
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Cream Finance to repay stolen Ether and Amp via protocol fees
Cream Finance has identified the AMP integration error that caused a nearly $19 million loss for the protocol and aims to pay users back. Go to Source Powered by WPeMatico
Cream Finance DeFi platform loses $19M in a flash loan hack
The Cream Finance hacker gained $18.8 million by exploiting a reentrancy bug in the AMP token in a set of 17 transactions. Go to Source Powered by WPeMatico
Bilaxy exchange suspends website after ERC-20 hot wallet hack
Bilaxy cryptocurrency exchange is yet to announce the value of funds lost to a hacking incident that occurred on Aug 28. Go to Source Powered by WPeMatico
Beleaguered DeFi project xToken suffers second major exploit since May
xToken has been exploited for around $4.5 million following the latest attack targeting the DeFi protocol’s smart contracts. Go to Source Powered by WPeMatico
Hacked Liquid exchange receives $120M debt funding from FTX
The funding comes soon after Liquid suffered a major hacking incident last Thursday when the exchange’s warm wallets were compromised. Go to Source Powered by WPeMatico
Digital intelligence must overcome challenges to solving crypto crimes
Changing an intelligence agency’s perspective on crypto crime is the next step toward a successful crypto investigation. Go to Source Powered by WPeMatico
Poly Network offers to on board ‘Mr. White Hat’ as chief security advisor
“Poly Network has no intention of holding Mr. White Hat legally responsible,” said the team. Go to Source Powered by WPeMatico
The perfect storm: DeFi hacks will advance the crypto sector moving forward
There is a silver lining from the DeFi hacks as new tech develops to protect the sector: “DeFi will be much safer in 12 months from now.” Go to Source Powered by WPeMatico
Poly Network hacker returns nearly all funds, refuses $500K white hat bounty
“The poly did offered a bounty, but I have never responded to them. Instead, I will send all of their money back,” said the hacker. Go to Source Powered by WPeMatico
