Decentralized finance (DeFi) firm Platypus is working on a compensation plan for users’ losses after a flash loan attack drained nearly $8.5 million from the protocol, affecting its stablecoin dollar-...
Tag: Attack
USP Stablecoin Losses Dollar Peg Following $8.5 Million Attack On DeFi Protocol Platypus
Join Our Telegram channel to stay up to date on breaking news coverage USP, the stablecoin of DeFi protocol Platypus Finance has lost its peg to the dollar after an $8.5 million flash-loan exploit. ...
Crypto investors under attack by new malware, reveals Cisco Talos
Anti-malware software Malwarebytes highlighted two new malicious computer programs propagated by unknown sources actively targeting crypto investors in a desktop environment. Since December 2022, the...
Platypus attack exploited incorrect ordering of code, auditor claims
Disclaimer: The article has been updated to reflect that Omniscia did not audit a version of the MasterPlatypusV4 contract. Instead, the company audited a version of the MasterPlatypusV1 contract from...
Binance CEO CZ Reports “BUSD Situation” After Regulatory Attack
Changpeng Zhao (CZ), Binance CEO has always been vigilant against market FUD. In this pursuit, CZ went on to explain the BUSD situation and the drop in its market capitalization. Earlier, U.S. Securit...
Platypus Protocol Loses $8.5M in Flash Loan Attack
Platypus, a decentralized finance (DeFi) protocol, was the victim of a flash loan attack worth $8.5 million. The stablecoin USP got depegged by 50% before recovering the peg. The DeFi protocol Aave de...
Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs
The United States Securities and Exchange Commission’s (SEC’s) lawsuit against Terraform Labs and its co-founder Do Kwon could be seen as an SEC “roadmap” to taking down other stablecoins, according t...
DeFi protocol Platypus suffers $8.5M flash loan attack, suspect identified
A potential suspect has been identified over the $8.5 million attack on decentralized finance protocol Platypus, which saw $8.5 million drained from the protocol. Blockchain security firm CertiK first...
Did anti-crypto attack on stablecoins cause bitcoin rampage?
US government watchdog, the SEC, has served an enforcement against Paxos, deeming its issuance of the BUSD stablecoin a non-registered security. Did this help cause bitcoin’s huge spike in price? The ...
Flash loan exploit appears to be behind Platypus USD stablecoin attack
Platypus USD (USP) lost its dollar parity on Thursday following an apparent exploit that allowed a wallet to siphon off about $8.5 million from the token’s liquidity pools, just weeks after Plat...
BUSD Is Under Attack. Are USDC and USDT Next?
Though regulatory actions against stablecoin issuer Paxos come amid a crackdown of the space after a wild 2022, some say the impact on competitors may be limited. Other industry participants are...
After Losing An Eighth Of Their Helicopters, Russian Attack Regiments Are Switching Up Their Tactics
An Mi-28 attack helicopter in or near Ukraine. Russian defense ministry capture After taking a brutal beating in the first year of Russia’s wider war on Ukraine, the Russian air force’s attack helicop...
Rocket Pool (RPL) Spikes Almost 40% Amid SEC’s Attack on Staking, Here’s What’s Behind It
Gamza Khanzadaev RPL, LDO, FXS come into spotlight after SEC’s raid on staking-as-service providers As became known yesterday, major cryptocurrency exchange Kraken has agreed to shut down its cr...
DeFi Protocol dForce Suffers Reentrancy Attack, $3.6 Million Lost
DeFi protocol dForce suffered a loss of over $3.6 million, which the hacker was able to siphon off thanks to a reentrancy attack executed on the Arbitrum and Optimism chains. The attack was due to a ...
DeFi Protocol dForce Loses $3.6M in Reentrancy Attack
Decentralized finance (DeFi) protocol dForce has suffered a reentrancy vulnerability attack leading to the loss of $3.6 million worth of crypto assets. The attacker targeted the protocol’s vault on th...
Crypto Mom Sounds Off Against Gensler’s Attack on Kraken
Following the Securities and Exchange Commission (SEC)’s crackdown against Kraken’s staking service on Thursday, one of its members is railing against her agency’s decision. Hester Peirce – aka ‘Cryp...
Crypto Is Not Under Attack, SEC Chair Denies Operation “Choke Point”
U.S. authorities are cracking down on the crypto industry and seem ready to introduce stricter regulations against the nascent sector. Many predicted and feared what now seems to be materializing. The...
dForce loses $3.65 million in a hack attack, reports show
dForce network just recently suffered a severe hack attack with losses exceeding about $3.65 million, according to reports. Peckshield alerts of hack on dForce After recording many attacks in 2022, t...
DForce protocol drained of $3.6 million in reentrancy attack
A hacker siphoned more than $3.6 million from the decentralized finance (DeFi) protocol dForce in what appears to be a reentrancy attack on a Curve vault it operated on the Arbitrum and Optimism block...
Blockchain Association Calls on Congress to Intervene, End SEC’s ‘Attack’ on Crypto Industry
Blockchain Association CEO Kristin Smith has released a statement on the U.S. Securities and Exchange Commission’s abolition of staking on the crypto exchange Kraken. The Washington DC-based organizat...
SEC’s Hester Peirce Blasts Agency’s Attack on Kraken’s Crypto Staking Platform
SEC Commissioner Hester Peirce is blasting the agency’s decision to attack the cryptocurrency exchange Kraken, forcing the company to eliminate its staking program and pay a $30 million fine. In an of...
Bitcoin Price Retreats Amid Reports of Kraken Probe, Rumors of SEC Attack on Staking
Bitcoin (BTC) is dropping in price amid news that the U.S. Securities and Exchange Commission (SEC) has launched a probe into Kraken over whether it illegally traded unregistered securities. According...
Trust Wallet shed light on Peculiar $4 Million User Attack
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DeFi Protocol CoW Swap Exploited of 551 BNB in Recent Attack
4 hours ago | 2 mins read Defi News The attacker reportedly added a wallet address as a “solver” of CoW Swap. BNB worth over $181,000 transferred to the cryptocurrency mixer Tornado Cash. A vulnerabil...
Chegg stock gets rocked as execs downplay AI attack led by ChatGPT
Freakishly smart AI such as ChatGPT will not pummel education platform Chegg (CHGG) as Wall Street has increasingly grown concerned about, the company’s top execs argue. “No. Nothing at al...
The U.S. Political Class’s Attack on TikTok Is Much More Dangerous Than TikTok
“Is there such a thing as a private company in China? I’m not sure there is.” Those are the words of GOP Rep. Mike Gallagher, who is heading up a new House committee that the Wall Street Journal repor...
Neo-Nazi Leader Arrested In Alleged Plot To Attack Power Plants
Topline Federal authorities have arrested and charged two people with allegedly conspiring to destroy energy facilities in a plot prosecutors say was racially motivated, following a string of apparent...
Why UK cybersecurity firm Darktrace is under attack from short sellers
Darktrace, one of the U.K.’s largest cybersecurity companies, was founded in 2013 by a group of former intelligence experts and mathematicians. Omar Marques | SOPA Images | LightRocket via Getty...
Orion Protocol Hacked for $3 Million Through Reentrancy Attack
Orion Protocol – a liquidity aggregator for both CeFi and DeFi exchanges – saw its core contract hacked on Thursday across both its Ethereum and Binance Smart Chains (BSC) deployments. The hacker net...