hack

DeFi Dev Offers $320k to Whoever Finds Critical Bug in Ethereum Dapp

ArmorFi’s CTO Robert Forster is partnering with bug bounty platform Immunefi to personally offer the equivalent of $320k to anyone who can find a critical smart contract bug in any Ethereum ecosystem project. The program, which is hosted on Immunefi and called the R Bounty, is designed to encourage responsible disclosure of critical vulnerabilities. The …

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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 …

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Yearn Restores yDAI Vault and Compensates Hack Victims

Yearn Finance, the yield aggregator protocol which suffered the first major hack of 2021 last week, is healing, making its Dai savings smart contract available to users again, and compensating victims of its recent hack. Yearn has restored its yDAI vault and returned $9.7M in DAI funds to users who had their stablecoins deposited in …

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Yearn Loses $11M in 2021’s First DeFi Hack

Yearn Finance, the yield aggregation protocol founded by Andre Cronje, has been hacked. One of the platform’s so-called vaults lost $11M, and the attacker got away with $2.8M.   It’s the first DeFi hack of the year, after $100M worth of attacks in the sector last year, according to a report by Ciphertrace. About half of …

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