Ola Finance Exploited for $3.6M in Re-Entrancy Attack

The attack took place on the DeFi protocol’s implementation on the Fuse blockchain.

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Ethereum DeFi Protocol Cream Finance Succumbs To $130 Million Flash Loan Hack

Cream Finance is the latest Ethereum DeFi protocol to suffer another hack. The attackers had used a flash loan attack and made away with $130 million. Cream Finance confirmed the attack via a Twitter post where the project revealed that they were investigating the cause of the hack.

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BREAKING: Cream Finance appears to have suffered major loss in flash loan hack

Malicious actors continue to target decentralized finance projects for their exploits. On Wednesday, a major DeFi lending platform suffered a flash loan attack.

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Binance Smart Chain DeFi protocol PancakeHunny suffers flash loan attack

As the users argue "what's better," Ethereum or Binance Smart Chain, the latter saw another decentralized protocol being exploited. PancakeHunny on BSC was attacked by a flashloan and no, this wasn't The post Binance Smart Chain DeFi protocol PancakeHunny suffers flash loan attack appeared first on AMBCrypto.

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Kraken finds 'multiple attack vectors' in top Bitcoin ATM producer's range

Vulnerabilities found in DeFi protocols and other crypto-platforms are a recurring phenomenon within the industry. However, Kraken Security Labs has found that a "large number" of Bitcoin ATMs are vulThe post Kraken finds 'multiple attack vectors' in top Bitcoin ATM producer's range appeared first on AMBCrypto.

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DeFi Protocol pNetwork Loses $12 Million In Tokenized Bitcoin

One of the threats that the crypto community face is the attack of cybercriminals. Many exchanges, projects, and apps often face one vulnerability exploitation or the other. Recently, BSC-based cross-chain pNetwork lost at least $12.

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Another hit on Avalanche as Vee Finance exploited for $35 million

Another decentralized finance (DeFi) protocol on Avalanche (AVAX) chain, Vee Finance, has fallen victim to an attack, merely a week after Zabu Finance got hit.   The lending protocol platform has confirmed the exploit on Twitter, which counts as the second major attack in the Avalanche ecosystem.

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$12 million stolen after Binance Smart Chain DeFi pNetwork gets hacked

pNetwork, a cross-chain DeFi protocol built on the Binance Smart Chain (BSC), suffered an attack that drained over $12 million from the protocol. The post $12 million stolen after Binance Smart Chain DeFi pNetwork gets hacked appeared first on CryptoSlate.

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DeFi Protocol Loses Over $12M In Bitcoin In Recent Hack

DeFi bridging Protocol, pNetwork, is the most recent protocol to be targeted by a cyber attack. An unknown hacker has stolen about $12. 7 million worth of tokenized Bitcoin from the Binance Smart Chain-based cross-chain platform.

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DeFi-проект pNetwork потерял 277 BTC из-за хакерской атаки

Злоумышленник использовал уязвимость кода и вывел 277 BTC (~$12,7 млн) из кроссчейн-протокола децентрализованных финансов (DeFi) pNetwork. 1/N We're sorry to inform the community that an attacker was able to leverage a bug in our codebase and attack pBTC on BSC, stealing 277 BTC (most of its collateral).

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Exec issues FBI warning as SushiSwap's MISO suffers $3M exploit

Decentralized finance [DeFi] project SushiSwap suffered an exploit on its token platform - MISO. The attack resulted in the hacker stealing 864.8 ETH, currently worth $3 million. The incident was fThe post Exec issues FBI warning as SushiSwap's MISO suffers $3M exploit appeared first on AMBCrypto.

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Avalanche (AVAX) chain’s Zabu Finance sees a $3.2 million exploit

Zabu Finance, a decentralized finance (DeFi) protocol on Avalanche (AVAX)  has recently been exploited for roughly $3. 2 million worth of crypto tokens.   The exploited protocol confirmed the attack on Twitter, clarifying that the funds were stolen from its SPORE pool.

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How To Revoke and Approve Token Allowance on BSC, Polygon Chains

I’m always impressed by humanity’s capacity for thinking up new ways to do mean things to each other. So, did you know that bad guys are trying to steal your crypto! It turns out that a little-known feature of most DeFi wallets is exposing users to the risk of attack.

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DeFi tool Cream Finance hit for over $18 million. Suffers second hack in six months

Decentralized finance (DeFi) lending protocol Cream Finance has announced it lost millions worth of Amp token (AMP) and Ethereum (ETH) in a recent flash loan attack. The post DeFi tool Cream Finance hit for over $18 million.

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DeFi Project xToken Suffers Second Attack, Loses $4.5 Million to Hackers

Decentralized finance (DeFi) protocol xToken suffered another exploit following a vulnerability in the xSNX contract, which resulted in the loss of $4. 5 million. Cream Finance protocol also lost over $26 million from a flash loan attack.

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Cream Finance Loses $25M in Flash Loan Attack

Decentralized finance (DeFi) lending platform CREAM Finance lost $25 million in a flash loan attack, the second in the past six months. The post Cream Finance Loses $25M in Flash Loan Attack appeared first on BeInCrypto.

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Beleaguered DeFi project xToken suffers second major exploit since May

xToken has been exploited for around $4.5 million following the latest attack targeting the DeFi protocol’s smart contracts.

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Protect your assets with risk control strategies on Huobi Global

Mainstream interest in DeFi is on the rise, but so is DeFi-related crime—and the latest hack may just be the biggest crypto attack in history.  On August 10th, Poly Network, a computer protocol The post Protect your assets with risk control strategies on Huobi Global appeared first on AMBCrypto.

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DAO Maker becomes latest DeFi platform to suffer an attack; Loses $7M

DAO Maker, a crypto fundraising platform commonly mistaken for MakerDAO, suffered a hack that resulted in the loss of more than $7. 00 million (£5. 07 million). A report unveiled this news on August 12, citing a disclosure from PeckShield, a Chinese blockchain security company.

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The biggest DeFi hit ever: Poly Network sees $600 million crypto heist

A decentralized finance (DeFi) cross-chain bridging protocol Poly Network recently announced that it has suffered an attack in which the hacker stole over $600 million across three blockchains. The post The biggest DeFi hit ever: Poly Network sees $600 million crypto heist appeared first on CryptoSlate.

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BREAKING: Hacker Behind $611 Million DeFi Heist Ready to Return Stolen Funds

The hacker behind the PolyNetwork attack say that they’ve made the decision to return the stolen funds instead of creating a DAO

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Cross-chain Poly Network Gets Hacked for Over $600M, Exchanges & Stablecoin Issuers Act to Save the Lost Funds

In what appears to be the largest DeFi attack to date, cross-chain protocol Poly Network has been hacked for more than half a billion dollars. “We are sorry to announce that PolyNetwork was attacked on BinanceChain, Ethereum and Polygon,” tweeted the team on Tuesday while sharing the hacker’s address where the assets have been transferred.

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BSC DeFi app ‘Pancakebunny’ releases post-mortem of $2.4 million exploit

In last week’s attack on the Polygon (MATIC) and QuickSwap (QUICK) version of the Binance Smart Chain (BSC) yield farming protocol PancakeBunny, 2. 1 million PolyBunny (polyBUNNY) tokens were minted, resulting in an 82% price plunge from $10 prior to the exploit, to just over $2 post the initial damage.

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THORChain (RUNE) says it lost $4.9 million in a recent DeFi attack

Cross-chain decentralized exchange (DEX) THORChain has become the latest company to suffer an exploit, with details of a multi-million attack. The exchange was hacked for $4,000 ETH (about $5 million).

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DeFi darling ThorChain (RUNE) suffers multi-million dollar exploit

ThorChain, a decentralized finance (DeFi) token swap protocol based on the Cosmos blockchain, lost roughly $4.8 million worth of Ethereum (ETH) from its liquidity pools to a hacker attack today. The post DeFi darling ThorChain (RUNE) suffers multi-million dollar exploit appeared first on CryptoSlate.

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Fraud alert! Hackers using SIM-swapping are stealing millions worth of crypto without victim’s knowledge

Rug pulls. Defi exploits. Pumps & Dumps.   You might have heard all such scams that repeatedly happen in the crypto space, leaving millions of users with worthless tokens. But have you ever heard of an attack that can steal your crypto funds using a SIM card? That’s right.

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Polygon-Based Defi Stablecoin Safedollar Plunges to Zero — Team Is Investigating Exploit

The algorithmic decentralized finance (defi) stablecoin safedollar (SDO) has been attacked, according to statements published on its Telegram channel. The safedollar token did not remain stable following the attack, as the defi stablecoin’s price collapsed to zero.

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DeFi hacks on Binance Smart Chain continue as ‘Impossible Finance’ drained for $500k

Impossible Finance, a decentralized finance (DeFi) protocol on the Binance Smart Chain has been exploited for $500,000 in a flash loan attack.  A flash loan attack is a common type of DeFi exploits in which hackers take an uncollateralized loan from a lending protocol and through a series of technical maneuvers manipulate the market in […] The post DeFi hacks on Binance Smart Chain continue as ‘Impossible Finance’ drained for $500k appeared first on CryptoSlate.

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DeFi Protocol Impossible Finance Suffers $700k Heist

Decentralized finance (DeFi) protocol Impossible Finance (IF) has suffered a flash loan attack, losing $700k to the hackers. The IF team has made it clear that users’ funds are secure and it would fully compensate all those affected by the attack shortly, according to a blog post on June 22, 2021. Impossible Finance (IF) Attacked Read More

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Impossible Finance Loses $500,000 in Latest DeFi Flash Loan Attack

The latest decentralized finance (DeFi) protocol to join the long list of exploited Binance Smart Chain projects is Impossible Finance. The post Impossible Finance Loses $500,000 in Latest DeFi Flash Loan Attack appeared first on BeInCrypto.

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Impossible Finance DeFi Drained For $500K, Here’s How

Another day, another large-scale attack against popular DeFi protocol

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Flash loan attack on DeFi platform ‘Belt Finance’ sees $6.2 million gone

Belt Finance, a decentralized finance (DeFi) platform based on smart contract network Binance Smart Chain (BSC), became the latest project to fall victim to a flash loan attack, losing over $6. 2 million worth of tokens in the process.

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Злоумышленник похитил $6,2 млн из DeFi-протокола Belt Finance

Хакер вывел $6,2 млн из платформы Belt Finance на базе DeFi-экосистемы Binance Smart Chain (BSC). 1/8New weekend - a new attack on BSC DeFi protocol.

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BurgerSwap Flash Loan Exploit Leaves $7.2 Million in Losses of Stolen Ether, BNB, and More

Another Binance Smart Chain project was exploited by a flash loan attack, with DeFi platform BurgerSwap being the victim this time. According to a twitter post written by the Burgerswap Team, there were approximately $7.

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BSC Defi Protocol Burgerswap Loses $7.2 Million from a Flash Loan Attack

Another Binance Smart Chain project has been hit with a flash loan attack according to a post mortem written by the Burgerswap team. The project’s official Twitter account said at around 3 a. m.

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BurgerSwap on Binance Smart Chain drained of $7.2M after flash loan attack

Binance Smart Chain is under attack, again, after yet another decentralized finance [DeFi] project got exploited in the last 24 hours. On 28 May, BurgerSwap [BURGER] on the BSC was the target of a flaThe post BurgerSwap on Binance Smart Chain drained of $7.

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Binance Smart Chain DeFi project BurgerSwap hacked for $7 million

BurgerSwap, a decentralized finance (DeFi) platform based on smart contracts network Binance Smart Chain (BSC), fell victim to a so-called flash loan attack today, allowing the malicious actor to get away with roughly $7.

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Flash Loan Attacks Drain 2 Binance Smart Chain Defi Projects for $6 Million

There have been two back-to-back flash loan attacks in a short period of time stemming from two unique Binance Smart Chain decentralized finance (defi) projects. Last Wednesday, the yield-farming platform Pancakebunny lost close to $3 million in a flash loan attack according to reports.

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$45M Gone in a Flash Loan Attack: How Scammers Exploited Vulnerabilities in Pancake Bunny’s Smart Contract Code

CryptoNinjas » $45M Gone in a Flash Loan Attack: How Scammers Exploited Vulnerabilities in Pancake Bunny’s Smart Contract Code In its latest Hack Track article, Merkle Science, a blockchain monitoring and investigation platform published a summary describing in plain English what happened, who was affected, and what does it mean for the future of flash loans and DeFi?  Earlier today, DeFi yield farming aggregator, Pancake Bunny, suffered a flash loan attack with the attacker making off with […] CryptoNinjas » $45M Gone in a Flash Loan Attack: How Scammers Exploited Vulnerabilities in Pancake Bunny’s Smart Contract Code

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Pancake Bunny token plummets by 90% after $40 million flash loan attack

The price of Pancake Bunny (BUNNY), the native token of the eponymous decentralized finance (DeFi) platform based on the Binance Smart Chain (BSC), plummeted by over 90% after it fell victim to a flash loan attack today.

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BSC-based BUNNY Crashes 95.5% Following a Flashloan-based Price Manipulation Attack

Another day, another BSC-based DeFi exploit. BUNNY Finance was the latest project that was the target of a flash loan attack, resulting in the price of the token plummeting by 95. 5%. 690,000 bunnies were sold into ETH and BNB.

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BSC’s “Pancake Bunny” Exploited, Community Claims $1 Billion Loss

Binance Smart Chain DeFi protocol Pancake Bunny has been exploited via a flash-loan attack, in what the community initially believed […] The post BSC’s “Pancake Bunny” Exploited, Community Claims $1 Billion Loss appeared first on DeFi Rate.

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DeFi Protocol bEarn Suffers $11M Flash Loan Attack

It's another day, and another DeFi flash loan exploit has reared its head. The latest victim is bEarn, which lost $11 million in stablecoins on May 16. The post DeFi Protocol bEarn Suffers $11M Flash Loan Attack appeared first on BeInCrypto.

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Yet Another DeFi Exploited for Millions: Major Warning from Researcher

Value DeFi has one of its modules drained for $11,000,000. Seasoned researcher Igor Igamberdiev reveals the attack scenario

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Ethereum DeFi plus Binance Smart Chain Surpass $100 Billion In Total Value Locked

Ethereum’s recent run is one for the books. Their supremacy is under attack from every side, with great projects trying to steal a piece of their smart contracts pie. Nevertheless, ETH’s price and their blockchain’s adoption keep rising.

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EasyFi Network Details $6M DeFi Hack in Latest Postmortem

In an April 20 blog post, founder and CEO of the EasyFi DeFi protocol, Ankitt Gaur, detailed an attack that resulted in the loss of as much as $6 million from its liquidity pools. The incursion, which happened on April 19, was a targeted attack compromising the admin and mnemonic keys.

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Vampire Attack or Innovation? Basketdao Storms the DeFi Index Scene

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FORCE token sees volatile 24 hours following coordinated attack on ForceDAO

The DeFi platform was the victim of an attack shortly after launch, with 183 ETH compromised. After an initial selloff, FORCE tokens are in recovery mode Monday.

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Force DAO, A DeFi Hedge Fund, Loses Over $375k in xFORCE Token Exploit

The decentralized finance hedge fund, ForceDAO, confirmed the protocol suffered an attack on Sunday at around 7. 06 AM UTC. According to a blog post by the ForceDAO team, the attack was instituted by five black hat attackers, with one of the attackers returning the funds.

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