With hacks and exploits breaking every week in DeFi, participants are undoubtedly asking where to look for red flags, how to protect their investments and how to vet projects. In this three-part series, we provide a framework to help with just this. Part I analyzed Tokenomics, Part III will analyze mental frameworks, and Part II…

While most of the DeFi community had their eyes glued to the ETH rally over the weekend, hackers took the opportunity to steal mooning assets through several protocol exploits. From Wednesday through Saturday, exploits occurred across three different protocols—Rari Capital, Value DeFi, and within Larva Labs’ Meebits NFT project—resulting in over $22M worth of stolen…

Uranium Finance, an automated market maker on Binance Smart Chain, suffered its second hack this month, this time to the tune of $50M. The hack is due to a misstep in code modification which allowed the hacker to exchange one unit of an input token for 98% of the value as output according to Kyle…

EasyFi, a Compound Finance fork launched directly on the Polygon Layer 2 Network, suffered a major hack on Monday, losing over $60M of the project’s EASY tokens and also $6M of users’ provided liquidity. The hacker gained access to the project’s admin key, which allows developers to make changes to their protocol. The attack is…

ForceDAO, a DeFi hedge fund, was targeted in a hack that resulted in the liquidation of 183 ETH worth of FORCE token. In a post-mortem, the ForceDAO team explained that five hackers exploited a bug in their code which allowed them to deposit FORCE tokens and receive xFORCE tokens in exchange. One of the hackers…

An anonymous hacker has exploited transaction batching  protocol Furucombo and walked away with $15M in stolen crypto over the weekend. The team is pledging to compensate victims. The attacker used a contract which tricked Furuсombo into thinking that their contract was a new version of Aave, and was able to transfer funds of every user…

ArmorFi CTO Robert Forster has awarded the Dedaub Team $250k $ARMOR tokens following the successful disclosure of a critical vulnerability in Primitive Finance to Immunefi. The award is part of the R Bounty program, now renamed the Founders Bounty, where Foster, working together with Immunefi, pledged that amount to anyone who discovered a flaw in…

Last weekend Alpha Finance was hacked to the tune of $37m but this was a hack so specific and well-informed it was immediately assumed to have been an inside job. Have you ever wondered what happens when a hack goes down, or how a perpetrator can successfully escape with the money?

Ledger customers’ data has been leaked yet again, putting the state-of-the-art hardware wallet company into another compromising position.  Ledger announced on Twitter that it has been targeted by rogue Shopify team members who exported over 200 merchants’ customer databases in April and June of 2020. 292,000 customers have been affected, and Ledger says that while…