Cryptocurrency Analysis and News Portal
Ethereum defi protocol Cream Finance suffered an exploit yesterday that allowed attackers to steal $130 million from its holdings. The news was first revealed by Peckshield, a blockchain analytics company that discovered a flash loan had exploited the platform. This is the third hack the protocol has suffered in its
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Compound Finance (COMP) has seemingly suffered a token distribution bug after introducing and passing a recent governance vote that addressed rewards distribution, Proposal 62. Shortly thereafter, Compound reported in a tweet that there was unusual behavior regarding COMP distribution following the vote, but that “no supplied/borrowed funds are at risk.” The
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The past two days following the weekend close have not been the best for Ethereum. Along with the broader crypto market, the digital asset has suffered numerous dips that saw it break below $3,000 for the first time in a month. Although recovered back above $3,000, Ethereum continues to have
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Zabu Finance, a decentralized yield farming protocol on Avalanche, suffered the first big hack related to the chain. The protocol was the victim of an exploit that allowed an attacker to steal $3.2 million in tokens, according to reports. The core of the exploit happened due to a vulnerability in
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A slew of late court filings by lawyers representing Mirror Trading International (MTI) investors has forced a South African judge to postpone the hearing of the liquidators’ application to have the online bitcoin scam declared an illegal business. Concern Over Implications of Declaration Order As a Mybroadband report explains, the investors’
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Bitcoin’s price plummeted over 10% on early Tuesday, as El Salvador announced that it would officially accept the major cryptocurrency as the nation’s legal tender. According to CoinMarketCap, Bitcoin’s slump from Monday accelerated as the crypto failed to hold its $50,000 price level — sliding from $51,000 to $44,700 within a
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The decentralized finance project xToken has suffered another exploit over the weekend after hackers discovered a vulnerability in the smart contracts for its xSNX product.On Aug. 29, the xToken team reported that the attack had resulted in roughly $4.5 million worth of funds being drained from xToken’s xSNX product —
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Liquid cryptocurrency exchange has suffered a fresh attack, losing various cryptoassets in its hot wallets to hackers. The exchange claims it’s still investigating the incident, however, it’s confirmed that the stolen assets include bitcoin (BTC), ether (ETH), and tron (TRX), according to a tweet on August 19, 2021. Liquid Exchange Attacked
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Bitcoin SV has reportedly suffered a “massive” 51% attack beginning around 11:45 am Tuesday, resulting in up to three versions of the chain being mined simultaneously.Analytics provider Coin Metrics confirmed Tuesday afternoon that its FARUM risk management platform had identified the 51% attack. FARUM has identified a 51% attack today
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THORChain (RUNE) has suffered another heist in the space of one week. The hackers succeeded in stealing $8 million worth of crypto assets from the decentralized exchange and have suggested a 10 percent bounty, according to a Twitter thread on July 23, 2021. THORChain Targeted Again Barely seven days after THORChain, a
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