2022-12-25 12:37 |
Moments after a few users complained about the unusual loss of funds, Defrost Finance’s core team member Doran confirmed that Defrost V2 was hit with a flash loan attack. origin »
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A loophole in the code allowed the hacker to drain funds worth roughly $455,000 from Arcadia’s Ethereum and Optimism vaults.
While Chainalysis suspected the involvement of North Korea in the Euler Finance hack, it highlighted the possibility of misdirection by other hackers.
Since December 2022, the two malicious files — MortalKombat ransomware and Laplas Clipper malware — have been actively scouting the internet and stealing cryptocurrencies from unwary investors.
A malicious governance proposal (Proposal #85) requesting the transfer of 18 million Audius’ in-house AUDIO tokens worth $6.1 million was approved via an exploit.
While awaiting Crema Finance’s report on the situation, the Crypto Twitter community took it to themselves to track down the hacker’s wallet and better understand the problem.
The DeFi market is a highly promising venture where the main struggling issue is a lack of qualified blockchain developers.