Two Ethereum-native DeFi protocols are headed to Binance Smart Chain, but critics doubt the layer-1 has staying power
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Category: Value Defi
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Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAI
Decentralized finance (defi) protocol Pickle Finance was hacked for $19.7 million of the stablecoin DAI over the weekend, as the defi industry appears to be turning into a hackers paradise. Pickle’s native token (PICKLE) plunged 62% on the news, falling from $23.27 to $8.70 when the hack was first reported on Nov. 21. At the […]
The post Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAI appeared first on Bitcoin News.
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Defi Protocol That Bragged About Having Flash Loan Attack Prevention Hacked for $6 Million
A decentralized finance (defi) protocol that bragged about having flash loan attack prevention has been exploited for $6 million in DAI, in a flash loan attack. Value Defi, a yield aggregating protocol, boasted of having the “highest security” in a Nov. 13 tweet that now appears to have been deleted. The protocol claimed that its […]
The post Defi Protocol That Bragged About Having Flash Loan Attack Prevention Hacked for $6 Million appeared first on Bitcoin News.
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