DeFi Hacks News

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poly network

Poly Network Hacked For Over $600M In Biggest DeFi Exploit Ever

At 6am ET on August 10, over half a billion dollars worth of crypto assets were stolen from Poly Network, a cross-chain protocol that facilitates token swaps across multiple blockchains including Ethereum, Binance Smart Chain and Polygon. With the total drained at $600M, this is

DeFi Traders Lost More Than $11M Across Two Weekend Hacks

Over the weekend, DeFi traders lost more than $11M across two hacks on Binance Smart Chain (BSC).  On July 10, Anyswap, a decentralized cross-chain protocol, suffered a hack worth nearly $8M of USDC and MIM (Magic Internet Money), a lesser known stablecoin. The exploit happened

defi100 hack

DeFi100: Hack or Rug Pull?

The defacing of the website for DeFi100-Rebase, a Binance Smart Chain-based index token, has sparked a flurry of speculation about a possible heist and a brazen rug pull.   On May 22, a message materialized on the DEFI 100 website homepage reading: “WE SCAMMED YOU GUYS

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,

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

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

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