According to CertiK, there were three potential protocols affected. CertiK’s on-chain security software, Skynet, detected assault at 7:26 pm UTC on Tuesday. On Tuesday night, a flash loan attack was carried out using the Avalanche network. A specific smart contract and many liquidity providers were the targets of the assault.
The stablecoins code was released into GitHub by its developers. Over-collateralization ensures the new currency will maintain its $1 peg in the market. With the DeFi protocol Curve Finance, a new dollar-pegged stablecoin may soon be available. On Tuesday, the stablecoins code was released into GitHub by its developers. The
Attackers took control of the app’s front end by exploiting a weakness in the GTM script. Binance had identified two suspects and passed on the information. Kyber Network, a DEX, has announced that the attack vector responsible for last week’s vulnerability has been successfully found and deleted. Earlier, the platform
Websites often use GTM scripts to collect and record information about their visitors. Before the patch, the hacker made four transactions totaling $265,000 worth of tokens. The KyberSwap decentralized exchange (DEX) has become the latest DeFi initiative to be attacked, after last month’s Curve Finance vulnerability. The liquidity protocol upon
Total value locked (TVL) in the protocol drops from $30M to $4M after the attack. The team plans to give away all of its remaining treasury assets. When it comes to asset management firms, Babylon Finance is the most recent to shut down, but for an unusual reason. Recently, the
The Web3 network peaq, which drives the Economy of Things (EoT), has now announced its integration with the decentralized peer-to-peer fundraising platform Fundrs. AllianceBlock, a supplier of full stack decentralized financial solutions, has released a new product called Fundrs, which makes it possible for developers creating dApps on peaq to
The decentralized financial system Infinity Exchange has announced the launch of its Testnet, promising remarkable capital efficiency for traders, yield farmers, and real-money investors. Through its hybrid structure on the Ethereum blockchain, which executes computations and risk management off-chain, Infinity Exchange, an Institutional Fixed Income platform, promises to revolutionize the
Angela Ee and Aaron Loh of EY Corporate Advisors Pte are temporary managers. To save costs, Hodlnaut let off 80 percent of its workforce last week. The Singapore High Court have just now approved judicial management for the cryptocurrency lending platform Hodlnaut. The official announcement announces that Angela Ee and
As per recent reports, the attackers stole nearly $2.45 billion in DeFi. Cybercriminals stole $1.3 billion in cryptocurrencies between January and March 2022. Following the DeFi attack warning from the U.S Federal Bureau of Investigation (FBI), the latest data reveals that, since the beginning of decentralized finance (DeFi), approximately $2.45
Risk Harbor and Astroport (ASTRO), dropped by more than 93% and 99%. Over $31 billion has been lost in these protocols since then. Investors’ worst fears had come true with LUNA’s demise, as the whole cryptocurrency ecosystem took a severe hit. While the LUNA tragedy had received the most attention,
