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Category: DeFi Hacks

Defi Hack Alert: This protocol lost over $12 million in Bitcoin (BTC)

The Defi protocol, pNetwork alerted the community of a 277 Bitcoin (BTC) hack, which amounts to 12.67 million in USD. The network revealed that the attacker installed a bug on the Binance Blockchain codebase of pNetwork. However, the protocol confirmed safety for other funds as no more bridges had to bear the burn of the

The post Defi Hack Alert: This protocol lost over $12 million in Bitcoin (BTC) appeared first on Coingape.

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Defi Hack Alert: NowSwap losses over $1 Million in cyber attack

According to news from the Analytic group, PeckShield, the DEX protocol, NowSwap was hacked and lost more than 1 million USD in funds. The attackers stole 535,000 USDT and 158 WETH. USDTs are converted to ETH through the distributed network service, 1inch, and further transferred to the Ethernet Square anonymous trading platform, Tornado Cash. Furthermore,

The post Defi Hack Alert: NowSwap losses over $1 Million in cyber attack appeared first on Coingape.

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DeFi Exploits 2021: CipherTrace Reports $474 M Loss in Flash Loan Attacks

The Decentralized Finance (DeFi) sector has witnessed an explosive growth this year. The total value locked (TVL) across all decentralized finance (DeFi) protocols has hit a new all-time high of $84 billion as August comes to a close, according to Data Aggregator DeFi Pulse. Per ConsenSys’s Q2 2021 DeFi report, billions of institutional capital is

The post DeFi Exploits 2021: CipherTrace Reports $474 M Loss in Flash Loan Attacks appeared first on Coingape.

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