Stablecoins, IOU tokens, and future incentive programs are coming down the pipe for jilted investors. After a devastating hack, a cross-chain decentralized finance (DeFi) protocol has revealed today a temporary compensation plan for token holders and investors impacted by one of the largest exploits in DeFi history. In a Tweet today, EasyFi announced their “Interim…
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Ledger and Shopify are facing a class-action lawsuit over sensitive information regarding 270,000 of Ledger’s customers’ that was stolen by Shopify employees. Ledger and Shopify have been hit by a class action lawsuit over a major data breach that saw the personal data of 270,000 hard wallet customers stolen between April and June 2020, Phishing…
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“The attacker has sold all the tokens,” announced social token platform Roll after a hacker accessed private keys to its hot wallet. Social token platform Roll suffered a hot wallet breach, resulting in hackers draining at least 3,000 ETH worth $5.7 million on March 15. At roughly 8am UTC, digital asset management platform MyCrypto reported…
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Two BSC-based projects have been attacked by replacing their websites with a malicious interface. Two decentralized finance projects are reportedly being targeted by a DNS spoofing attack. According to reports from Monday morning U.S. time, PancakeSwap and Cream Finance, two projects deployed on Binance Smart Chain, are phishing users into entering their private key on the website.…
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DeFi is “flourished by human greed,” according to a developer for the exploited project. There may be good news on the horizon for the victims of one of DeFi’s largest-ever exploits. At 5:30 AM UTC today, a Meerkat Finance developer identifying themselves as “Jamboo” posted a short message in a newly-created Telegram channel, “Meerkatrefunds.” In…
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After an attack at one point worth nearly $180 million, community members are left wondering if the exploit is a “rugpull” or a security lapse. Paid Network, a DeFi platform aimed at real-world businesses, has been exploited today in an “infinite mint” attack that has sent PAID token prices plunging upwards of 85%. While the…
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Users now need to ask: how many more protocols are at risk? At roughly 9 am UTC today Meerkat, a decentralized finance (DeFi) protocol on Binance’s smart contract platform, lost $31 million worth of BNB tokens. While the team initially claimed that they had been the victim of an exploit, they have since deleted all…
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The latest attack relied on user permissions granted to the protocol The latest “evil contract” exploit has netted an attacker over $14 million in stolen funds. Furucombo, a tool designed to help users “batch” transactions and interactions with multiple decentralized finance (DeFi) protocols at once, fell victim to the attack at roughly 4:45 pm UTC,…
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The total volume on the crypto exchange has fallen 4.9% in the last 24 hours. London-based cryptocurrency exchange Exmo suffered a distributed denial-of-service attack on Monday, causing the platform’s servers to become unavailable. In a tweet on Monday, Exmo reported that hackers had targeted the exchange with $75 million in trading volume in a distributed denial-of-service,…
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Co-founder Josh Fraser said he hopes the compensation plan will help build trust among users as the project moves forward. Origin Protocol, a DeFi stablecoin project, will begin accepting claims from users who were affected by a $7 million exploit that occurred back in November 2020. According to a blog post from Origin on Jan.…
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