Balancer Exploited After Giving Warning
- DeFi protocol Balancer confirmed it was exploited almost a week after disclosing a critical vulnerability affecting several of its boosted pools.
- The platform did its best to mitigate some of the risks but was unable to pause the affected pools, and an estimated $980,000 in DAI were stolen in an attack.
August 28, 2023, 1:55 PM
Shutterstock
Social App Friend.tech Generates Over $1.4M in Fees in 24h
- Although it was launched in beta on 10 August, the platform has already entered the list of top three fee generating crypto projects by earning $1.42 million in 24 hours.
- Friend.tech is a social app integrated with X (formerly Twitter) that allows users to sell and buy tokenized shares of their social network, gaining access to exclusive content and private chat rooms.
August 21, 2023, 10:18 AM
Shutterstock
Zunami Protocol’s Stablecoin Pools Exploited, Suffers $2.1M Loss
- DeFi yield aggregator Zunami Protocol confirmed that a hacker had attacked its “zStables” pools on Curve Finance using a price manipulation exploit.
- Security firm PeckShield has estimated that over $2.1 million was lost during the attack, while SlowMist said it had informed Zunami of the vulnerability two months ago.
August 14, 2023, 12:50 PM
Shutterstock
Curve Exploited for $41M Due to Vyper Vulnerability
- Versions 0.2.15, 0.2.16, and 0.3.0 of Vyper have malfunctioning reentrancy locks, which left smart contracts compiled with them vulnerable to reentrancy attacks.
- An estimated 460 contracts were compiled using these versions of Vyper which resulted in millions being lost to attacks, with Curve Finance reportedly losing $41 million.
July 31, 2023, 8:06 AM
Shutterstock
Jul 6, 2023
Celsius and Ex-CEO Alex Mashinsky Reportedly Broke U.S. Rules
- CFTC investigators have reportedly concluded that Celsius mislead investors and failed to register with the regulator, while its former CEO Alex Mashinsky broke CFTC regulations.
- If the majority of CFTC commissioners agree with the investigators’ findings, the regulator could file a lawsuit against Celsius and its former CEO as early as this month.
Jun 12, 2023
Sturdy Finance Exploited for $800,000
- The decentralized lending protocol paused all its markets after an attacker used a manipulated price oracle to steal 442 ETH from the platform.
- Blockchain security firm BlockSec noted that the attacker used a reentrancy vulnerability to manipulate a price oracle that determined the prices of assets in a liquidity pool on Balancer.
May 15, 2023
Top DeFi Protocols to Watch in 2023 and More
- Decentralized finance (DeFi) has become one of the hottest trends in the crypto world as it’s more transparent and decentralized than traditional finance.
- Here are our top picks of DeFi projects that have a good potential growth, and some of the protocols that did not made the list, such as RING Financial.
Apr 4, 2023
Exploiter Returns 90% of “Recoverable Funds” to Euler Finance
- The remaining $31 million worth of crypto assets were returned late on Monday, marking a successful end to Euler Finance’s recovery efforts.
- The total value of assets returned is a little over $177 million, which is 90% of the “recoverable funds” after adjusting for the 10% bounty previously offered.
Mar 29, 2023
Hacker Steals $9M from SafeMoon
- SafeMoon said that only its SFM:BNB liquidity pool (LP) was affected, and that it had located the suspected exploit, and patched the vulnerability.
- The bug was allegedly introduced with the latest SafeMoon upgrade, and allowed the attacker to burn the majority of SFM in the pool, artificially inflating its price.
Mar 27, 2023
Crypto Lender Kokomo Finance Conducts $4M Exit Scam
- Blockchain security firm CertiK warned that the team behind Kokomo Finance have executed a rug pull on Sunday, and stolen around $4 million in user funds.
- The website and social media accounts of the Optimism-based crypto lender have all been deleted, while its KOKO native token fell by more than 98%.