Dough Finance Faces $1.8M Flash Loan Exploit
Decentralized Finance protocol Dough Finance experienced a flash loan exploit that resulted in losing $1.8 million in digital assets. Cyvers, a security firm that operates on the Web3, reported on July 12 that they had identified numerous suspicious transactions. The organization corresponded with lending protocol Aave to determine whether pools were affected. Nevertheless, the security […]
Elliptic Reveals $11B Fraud Network On Huione Guarantee Market
Elliptic’s report exposes how the Huione Guarantee market enables big money laundering and cyber scams through Tether (USDT) transactions. Huione Guarantee , an online marketplace operated by the Cambodian conglomerate Huione Group, has been accused of facilitating online fraud in Southeast Asia. According to the most recent Elliptic Research report, the platform conducted transactions that […]
Pancake Bunny Hacker Moves $2.9M in Ether After 3 Years
After three years of inactivity, stolen funds worth $2.9M ETH associated with the Pancake Bunny hack were transferred through the privacy protocol Tornado Cash. Pancake Bunny experienced a flash loan attack in May 2021, losing approximately 697,000 BUNNY tokens and 114,000 BNB. This event significantly impacted the value of the BUNNY token, which plummeted by […]
Bittensor Shutdowns Network Following $8M Exploit
Bittensor was compelled to halt its network activity on July 3 due to a wallet exploit that resulted in the theft of at least $8 million in digital assets. Ala Shaabana, the co-founder of Bittensor, declared the network outage in a post on July 3 to contain the exploit. “By way of an update, we […]
Unhappy Contractor Responsible for Holograph Protocol Hack
According to an internal investigation, a former disgruntled contractor hacked the blockchain tokenization platform Holograph. The Holograph protocol was exploited by a criminal on June 13 to create 1 billion native Holograph (HLG) tokens, which are valued at $14.4 million. Consequently, the value of HGL tokens plummeted by nearly 80% within nine hours of the […]