On 15 March, an attacker siphoned over $11 million from two DeFi platforms, Agave and Hundred Finance. It appeared to be a flash loan 'reentrancy attack' on both protocols on the Gnosis chain as per iThe post How these two DeFi protocols fell prey to $11 million 'reentrancy attack' appeared first on AMBCrypto. origin »
DeFi protocol Conic Finance confirmed that it was exploited via a reentrancy attack earlier today for an undisclosed sum. A reentrancy attack allows an attacker to drain funds of a vulnerable contract by repeatedly calling the withdraw function before it updates its balance.
Hours after Ethereum developers declaring the Constantinople upgrade to be an “uneventful even”, smart contract auditing firm ChainSecurity discovers a security vulnerability on the blockchain, According to the firm, it is susceptible to reentrancy attack.
Bitget links with Chorus One to bring one click Monad staking showing CeFi and DeFi are converging to deliver institutional level Web3 access for mainstream users.
By partnering with Zeta Privacy, Aidica brings Web3 privacy and security solutions to its launchpad platform, enabling users to transact and trade securely.
By integrating MIRO’s Layer-2, cross-chain network, IOTrader enables users to move assets across various chains efficiently, expanding customer experience.
Several DeFi projects attracted significant TVL growth as more investors moved funds into such platforms, despite a TVL decline in the wider DeFi market.