In a shocking turn of events, the stablecoin protocol Resupply was exploited for $9.5 million due to manipulated exchange rates. This breach highlights the vulnerabilities in DeFi systems and raises concerns about stablecoin security. Here’s what happened and why it matters. How Was the Stablecoin Protocol Resupply Exploited? According to The Block, the attacker inflated […]
In a shocking turn of events, Resupply, a decentralized stablecoin protocol, has suffered a $9.5 million exploit. The attack targeted the wstUSR market, forcing the team to pause the compromised smart contract. Here’s what you need to know. How Did the Resupply Smart Contract Exploit Happen? The exploit was limited to the wstUSR market, according […]
The decentralized finance (DeFi) world has been rocked once again, as Arcadia Finance, a protocol operating on the burgeoning Base network, has fallen victim to a significant DeFi hack. This incident serves as a stark reminder of the inherent risks and constant vigilance required in the crypto space. With losses estimated at approximately $3.5 million, […]
Hold onto your hats, crypto enthusiasts! The decentralized exchange (DEX) world has just been hit with another curveball. KiloEx, a perpetual DEX platform, has announced a temporary platform suspension following a concerning Vault exploit. If you’re invested in DeFi or closely watching the crypto space, this news is definitely something to pay attention to. Let’s […]
Hold onto your crypto wallets! A major security incident has just unfolded as a Bybit Exchange exploiter has reportedly swapped a staggering $3.64 million in Ethereum (ETH) for DAI. This audacious move, executed across multiple decentralized exchanges (DEXs), has sent ripples of concern throughout the crypto community. Let’s dive into the details of this developing […]
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