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Exploits - Page 10

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xToken DeFi Project Hacked For Over $25M

xToken DeFi Project Hacked For Over $25M

xToken, a project which automates staking and liquidity strategies and wraps them into ERC-20 tokens, has been hacked to the tune of ~$25M. The attack resulted in xToken’s TVL dropping by roughly 30% to $63M, according to DeFi Llama. The xSNXa and xBNTa token contracts, for which xToken automates the staking strategies as well as…
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Red Flag Alert: A Framework for Vetting Crypto Projects Part III

Red Flag Alert: A Framework for Vetting Crypto Projects Part III

Hey there! ? Welcome to the final part of the series. Give yourself a pat if you’ve made it so far! In this three-part series, we have provide a framework to help identify red flags in crypto projects. Part I analyzed tokenomics, Part II analyzes team, social media and backers and Part III will analyze…
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$22 Million Was Stolen From Three Defi Platforms Last Weekend

$22 Million Was Stolen From Three Defi Platforms Last Weekend

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…
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Red Flag Alert: A Framework for Vetting Crypto Projects

Red Flag Alert: A Framework for Vetting Crypto Projects

Let’s start with a story, Jean was just chilling on a Sunday afternoon and her phone buzzes, she picks up his phone and sees a bunch of messages by her friend who’s a so-called crypto expert.  After some more back and forth with her friend, she finds out that they offer 1% daily compound interest.…
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Upstart AMM Uranium Finance Suffers $50M Hack, Second Attack in a Month

Upstart AMM Uranium Finance Suffers $50M Hack, Second Attack in a Month

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…
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Compound Finance Fork EasyFi Loses Over $60M in Admin Key Hack

Compound Finance Fork EasyFi Loses Over $60M in Admin Key Hack

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…
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Pancakeswap, Cream Finance, Suffer DNS Attacks

Pancakeswap, Cream Finance, Suffer DNS Attacks

Hackers compromised PancakeSwap’s and Cream Finance’s websites yesterday.  The Domain Name Service (DNS) attack modified the affected protocols’ website to display a request for the user’s seed phrase, which, if submitted, would compromise their entire account. PancakeSwap and Cream urged their users to stay away from their URLs as they scrambled to regain control of…
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Social Tokens Get Rolled On

Social Tokens Get Rolled On

Social money issuer Roll was hacked for nearly $5.7M of creator tokens held in hot wallets on the platform over the weekend. Using Roll’s private keys, the hacker made off with tokens from 400+ creators on the platform. They immediately sold into Uniswap pools created around the vulnerable social tokens and transferred the ETH via…
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DODO DEX Suffers $2.1M Hack

DODO DEX Suffers $2.1M Hack

DODO, a crypto exchange with contracts on both Binance’s Smart Chain and Ethereum, has suffered a $2.1M hack. The hacker attacked DODO’s Crowdpools, which the project launched in February as part of their version 2 (V2). “On March 8, Several DODO V2 Crowdpools were attacked. WSZO, WCRES, ETHA, and FUSI pools were impacted, while AC…
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CREAM and Alpha Finance Get Hacked for $37.5M

CREAM and Alpha Finance Get Hacked for $37.5M

DeFi experienced one of its more complex exploits over the weekend. An attack which resulted in ~$37.5M drained from CREAM Finance’s Iron Bank using Alpha Homora’s leveraged debt. An attacker was able to use Alpha’s sUSD contracts which had not yet been released to the public or made available in the UI to act as…