Exploiter mints 1 quadrillion Yearn Tether (yUSDT)
In the most recent decentralized finance (DeFi) breach, Blockchain security firm PeckShield detected a hack that allowed the exploiter to mint over 1 quadrillion Yearn Tether (yUSDT). According to the security firm, the intruder then exchanged yUSDT for other stablecoins, allowing them to obtain stablecoins worth $11.6 million. This consists of 61,000 Pax Dollars (USDP), […]
Defrost Finance hacker reportedly returns funds
Trading platform Defrost Finance which recently had a network vulnerability has said that the hacker of the V1 platform has reportedly returned the funds. An announcement by Defrost claiming “the hacker engaged in the V1 attack [but not the v2 hack] has refunded the funds” was made just before the action was taken. According to […]
DeFi platform Mango Markets faces $100M exploit
Mango Markets, a decentralized finance (DeFi) exchange based on the Solana blockchain has reportedly suffered a breach of over $100 million as a result of an attacker manipulating price data. By manipulating the value of their Mango (MNGO) native token collateral and then taking out “large loans” from Mango Markets’ treasury, the attacker was able […]
Axie Infinity to reopen Ronin bridge, compensate exploit victims
The developer of the play-to-earn game Axie Infinity declared that it will compensate the victims of the Ronin bridge hack and reopen the bridge the next week. In a theft in March, hackers made off with more than $620 million, including about 17,600 ETH and 25.5 million USD Coin (USDC) tokens. Users will be able […]
DeFi project xToken suffers a major second exploit since May
Hackers uncovered a vulnerability in the smart contracts for xToken’s xSNX product over the weekend. The exploit is approximately around $4.5 million and marks yet another attack to hit the decentralized financial project. The xToken team announced on Aug. 29 that the hack had drained around $4.5 million from the company’s xSNX platform, which allows […]