Cryptocurrency Analysis and News Portal
Blockchain security firm CertiK has reported a flash loan attack on Avalanche-based stable swap platform Platypus DeFi. The blockchain security firm posted the news in a tweet, alongside the alleged attacker's contract address.According to CertiK, nearly $8.5 million has been already been moved. As a result, the Platypus USD stablecoin
Read More
The new year is a fresh start for malicious actors in the crypto space and 2023 won’t likely see a slowdown in scams, exploits and hacks, according to CertiK.The blockchain security company told Cryptox its expectations for the year ahead regarding bad actors in the space, saying:“We saw a large
Read More
Defrost Finance, a decentralized leveraged trading platform on Avalanche blockchain, announced that both of its versions — Defrost V1 and Defrost V2 — are being investigated for a hack. The announcement came after investors reported losing their staked Defrost Finance (MELT) and Avalanche (AVAX) tokens from the MetaMask wallets.Moments after
Read More
Arbitrum-based lending protocol Lodestar Finance was exploited in a flash loan attack on Dec. 10. According to Lodestar, the attacker manipulated the price of the plvGLP token before borrowing all platform liquidity using the inflated token.In a Twitter thread, Lodestar explained the attack flow. The attacker first manipulated the exchange
Read More
On Monday, the Polygon-based decentralized exchange (dex) Quickswap lost $220K in a flash loan exploit and following the attack, the team detailed the Quickswap Lend platform will be terminated. Quickswap Hacked for $220K, Dex Project Sunsets Lending Platform 2022 has been quite the year for decentralized finance (defi) hacks as billions have
Read More
The U.S. economy has been struggling with inflation running rampant and investors are eagerly waiting for the U.S. Federal Reserve to announce the next federal funds rate hike next month. Harris Kupperman, the founder of the hedge fund Praetorian Capital, believes the onslaught of Fed rate hikes could very well
Read More
Avalanche-based lending protocol Nereus Finance has been the victim of a crafty hack that saw a user net $371,000 worth of USD Coin (USDC) using a smart contract exploit.Blockchain cybersecurity firm CertiK was one of the first to detect the exploit on Sept. 6, indicating that the attack impacted liquidity
Read More
The native token of Optimism quickly recovered after Optimism dispelled the rumors. Source
Read More
InterPop, a rising Web 3-based digital entertainment company, celebrated the first anniversary of its Emergents gaming universe by moving the all-new Emergents Trading Card Game (TCG) into the Public Beta phase last week. The digital trading card game is an initiative behind some pro gamers and game developers including Corey
Read More
Prices of the protocol’s ANA tokens fell nearly 80% following the attack. Original Source
Read More