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On the other end, liquidity pools, such as the USDC and DEI pool on Deus, rely on so-called oracles to ensure they are correctly priced at all times and any borrowing is within limits that don’t exceed the total value of those pools. Oracles are blockchain-based tools that provide smart
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It is the third multi-million dollar crypto attack to make headlines in recent days Source
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The attacker began by withdrawing funds using Tornado Cash, which enables users to transfer crypto without leaving a trace. After transferring the funds to the Fuse network, the borrower used them as collateral to take out loans on Ola’s decentralized lending platform. Taking advantage of the re-entrancy bug, the attacker
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Hackers manipulated a pricing mechanism to trick the protocol in a “flash loan” attack, the security firm said. Original Source
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Some of the at-risk funds were recovered from the weeks-old protocol in the early hours of Thursday. Original Source
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Binance Smart Chain-based Qubit Finance was exploited for over $80 million by attackers on Friday morning, developers confirmed in a post.“The hacker minted unlimited xETH to borrow on BSC. The team is currently working with security and network partners on next steps,” developers said in a tweet.The protocol was exploited
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Decentralized finance (DeFi) money market and lending service CREAM Finance appears to have been the target of a devastating exploit Wednesday that drained over $1 billion in funds, likely the largest exploit to date.According to CREAM’s native frontend, most Ethereum-based pools are now empty.The funds appear to have been taken
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Decentralized finance (DeFi) platform Vee Finance reported $35 million losses in the latest exploit, just a few days after launching the mainnet on the Avalanche network.After pausing services due to suspicious activity on Sept. 20, Vee Finance confirmed that its platform was under an attack resulting in a loss of
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Decentralized finance protocols (DeFi) Cream Finance and Alpha Finance were victims of one of the largest flash loan attacks ever Saturday morning resulting in a loss of funds totaling $37.5 million, according to transaction details on Etherscan. Two hours later Cream said its contracts were “functioning as normal” and
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News of the hack caused the Yearn’s native currency YFI to fall by around 15%, from $35,000 to just under $30,000On February 5, Yearn Finance confirmed that their V1 yDAI vault has been exploited by a hacker. The DAI vault lost $11M with the hacker making away with $2.8M of
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