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“# DeFi platform Vee Finance exploited for $35M on Avalanche blockchain ” Decentralized finance (DeFi) platform Vee Finance reported $35 million losses in the latest exploit, just a few days after launching the mainnet on the Avalanche network. After pausing services due to suspicious activity on Sept. 20, Vee Finance confirmed that its platform was…
“# Latest DeFi hack targeting BSC sees $12.7M in Bitcoin stolen from pNetwork ” Cross-chain DeFi platform pNetwork has become the latest protocol to be targeted by hackers on Binance Smart Chain, reporting a loss of roughly $12.7 million worth of Bitcoin. According to a Twitter thread published by pNetwork on Sept. 20, the incursion…
“# Solana and Arbitrum knocked offline while Ethereum evades attack ” Surging Ethereum rival, Solana (SOL), has shed 15% of its value over the past 24 hours after suffering a denial-of-service disruption. On Sept. 14 at 12:38 pm UTC, Twitter account Solana Status announced that Solana’s mainnet beta had been suffering intermittent instability over a…
“# Finance Redefined: Swindling the lender and a $100M pot, Aug. 30–Sept. 3 ” Welcome to the latest iteration of Cointelegraph’s DeFi newsletter. Just as quickly as the summer departed from our calendars, millions of funds were hacked from the wallets of Cream Finance. This has been another jam-packed week in the decentralized finance, or…
“# Cream Finance to repay stolen Ether and Amp via protocol fees ” Decentralized finance (DeFi) protocol Cream Finance will pay back its users following a $18.8 million flash loan hack that occurred on Aug. 30. Cream has published a post-mortem to the AMP flash loan exploit, promising to replace the stolen Ether (ETH) and…
“# Cream Finance DeFi platform loses $19M in a flash loan hack ” Cream Finance, a major decentralized finance (DeFi) protocol focused on lending, has suffered a major exploit, with a hacker stealing nearly $19 million from its platform. An unknown hacker has managed to gain $18.8 million in the latest flash loan exploit of…
“# Bilaxy exchange suspends website after ERC-20 hot wallet hack ” Bilaxy, a lesser-known cryptocurrency exchange, has confirmed a major hacking incident, reporting losses of funds due to an exploit of the platform’s ERC-20 hot wallet. Bilaxy announced on its Telegram channel that the crypto exchange suffered a “serious hack” on Aug. 28 between 6…
“# Beleaguered DeFi project xToken suffers second major exploit since May ” The decentralized finance project xToken has suffered another exploit over the weekend after hackers discovered a vulnerability in the smart contracts for its xSNX product. On Aug. 29, the xToken team reported that the attack had resulted in roughly $4.5 million worth of…
“# Hacked Liquid exchange receives $120M debt funding from FTX ” Japanese cryptocurrency exchange Liquid has secured $120 million in debt financing from FTX Trading after suffering a nearly $100 million hack last week. Announcing the news Thursday, Liquid Group and FTX Trading — the owner and operator of crypto exchange FTX — said that…
“# Coinbase users angry with customer support after funds disappear from accounts ” Coinbase is under fire for terrible customer service following reports of users accounts being hacked and drained of funds. According to an Aug. 24 investigation by CNBC, thousands of customers across the country have lodged complaints against the company. The outlet stated…