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CryptoShark: How Warp Finance Exploit Played Out on ChartEX coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
Hackers Steal $14 Million From Transaction Batching Protocol Furucombo Last Updated: 28 February 2021 Transaction batching protocol Furucombo has just lost $14 million in another “evil contract attack,” according to a recent report. The tool enables users to “batch transactions using different decentralized Finance (DeFi) protocols at the same time. About $14 million worth of different cryptocurrencies was transferred to the crypto address of the attacker from the platform. However, the amount seems to be higher than this since the attackers have been shifting Ethereaum (ETH) in batches to Tornado Cash over the past three hours. Evil contract attack steadily on the rise This type of attack on protocols seems to be growing in popularity and impact. Within a few months, users have lost over $70 million through this type of exploit on various protocols. ....
Thanks a trillion Bitcoin, Binance Coin goes parabolic, NFT mania cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
Dec 18, 2020 08:22 GMTCrypto News Warp Finance got hacked via a flash loan attack. The hacker used a complicated scheme based on multiple protocols and swaps. The team has a plan to compensate users for losses. Another DeFi project got hacked and lost about $8 million of user funds in DAI and USDC. The attacker exploited a sophisticated multi-protocol flash loan scheme and Tornado Cash to hide the digital trace. Warp Finance is a DeFi platform that claims to offer “an optimized lending solution powering a liquidity engine.” In other words, they allowed users to take cryptocurrency loans using stablecoins as collateral. The project was launched in October 2020. ....