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EasyFi CEO said that private keys to the project s admin MetaMask account had been compromised.
Using the compromised private key, the hacker drained $6 million from EasyFi s stable coin liquidity pools.
Hacker additionally stole 2.98 Million EASY tokens worth $75m at the time of the hack.
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EasyFi Network, a Layer-2 DeFi project on Polygon Network, reported that an unknown hacker stole tens of millions of dollars worth of funds from its official wallet.
Admin MetaMask Wallet Compromised
Founder and CEO Ankitt Gaur admitted in a blog that the hacker compromised private keys to EasyFi’s admin MetaMask account around 10:40 AM UTC on Apr. 19.
Place/Date: - April 13th, 2021 at 2:00 pm UTC · 3 min read Contact: Enso,
Source: Enso
Enso finance, a strategy-creation platform offering anyone to create composable and permissionless strategies, has completed its private fundraising round co-led by Polychain Capital and Dfinity Beacon Fund. Multicoin Capital, P2P Capital, Spartan Group, Zola Global, and The LAO participated in the round as well, alongside angel investors from AngelList, Dfinity, Synthetix, Status, Fantom, Nexus Mutual, Aave and Messari. These funds will be used to fund platform development, community expansion, and a successful mainnet launch in Q2 2021.
Enso was created as a tool to simplify and create solutions to increase access to DeFi strategies and to enable frictionless trading. With over $50 billion locked in DeFi, the trading landscape has become highly fragmented, making it more complex to trade efficiently, hedge accordingly, or generate yield effectively.
March 6, 2021 @ 4:04 pm By Omar Faridi
With over $40 billion locked into decentralized finance (DeFi) platforms (at the time of writing), according to DeFi Pulse data, it’s now clear that the era of DeFi has arrived, crypto analysts have argued.
However, with many new exploits frequently taking place, there’s been significant growth in platforms that offer insurance for investors in order to mitigate or minimize the risk of loss of funds because of scams, unaudited smart contracts, digital asset exchange hacks and other cyberattacks.
With platforms such as Nexus Mutual, Cover Protocol and Opium Finance currently providing coverage, Bridge Mutual has also introduced its services and “quickly skyrocketed” to become a major DeFi insurance platform, according to an update shared with CI.
3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying Strong fundamentals and new partnerships back the strong rallies in Morpheus Network, Bridge Mutual and Reef Finance. 69017 Total views Altcoin Watch
As new institutional and retail investors enter the cryptocurrency space on a daily basis, large-cap top performers like Bitcoin (BTC) and Ether (ETH) attract the lion s share of investor s attention as they are the well-known secure blockchain projects.
Once these new investors get a taste of the mainstay cryptocurrencies and how to navigate the volatile markets, their attention soon turns to smaller cap coins as they search for the up-and-coming projects that could be the next big thing.