Euler Finance, a DeFi lending protocol, suffered a flash loan attack on March 13, resulting in the biggest hack of crypto in 2023 so far. The lending protocol lost nearly $197 million in the attack, i...
Tag: Suffers
Euler Finance Suffers Flash Loan Attack, Loses Millions in Multiple Cryptocurrencies
On March 13, 2023, Euler Finance, an Ethereum-based noncustodial lending protocol, became the victim of a flash loan attack. The attacker managed to steal millions in various cryptocurrencies, includi...
DeFi protocol Euler Finance suffers a $197m hack
Decentralized finance (DeFi) platform Euler Finance has been targeted in a flash loan attack, losing $197 million worth of DAI stablecoin, WBTC, stETH, and USDC. Euler Labs is working with security ex...
Euler Suffers $200M Exploit in Flash Loan Attack
Euler Finance, a DeFi lending and borrowing protocol has been exploited by almost $200 million in a flash loan attack. Contents lost in the attack include $8.7 million in DAI, $18.5 million in WBTC, $...
Euler Finance Suffers a Flash Loan Attack
As if the traditional banking system isn’t causing enough troubles, a DeFi lending protocol called Euler Finance was also hit by a flash-loan attack. The damage equates to almost $200 million worth of...
USDC Recouping its Lost Peg, Suffers due to SVB Exposure
Due to SVB exposure, USDC lost its peg but soon recoiled to the $1 peg after the issuer pledged to cover losses. Circle Internet Financial Ltd. held $3.3 billion in reserves in the second-largest bank...
Hedera Network Suffers Alleged Exploit
Hedera network faces an ongoing exploit targeting the decompiling process in smart contracts. The decentralized exchange (DEX) SaucerSwap Labs has asked users to withdraw their liquidity. SaucerSwap L...
Algorand suffers crypto attack at MyAlgo
Algorand has suffered a cyber attack affecting MyAlgo users, and warns them to withdraw crypto from the wallet. The foundation also warns that the layer 1 blockchain has not been compromised. Algorand...
Hong Kong Suffers Surge in Crypto Scams in 2022
A large increase in the number of financial losses brought on by bitcoin scams has been seen in Hong Kong in the year 2022. According to reports from the local police, victims of cryptocurrency scams ...
DeFi lender Tender.fi suffers exploit, white hat hacker suspected
An alleged ethical hacker has drained $1.59 million from the decentralized finance (DeFi) lending platform Tender.fi, leading the service to halt borrowing while it attempts to recoup its assets. Web3...
DeFi Suffers $21M in Losses from Exploits
Decentralized finance (DeFi) platforms have suffered significant losses due to a series of exploits in February, with at least $21 million in crypto being drained from seven protocols, according to De...
Solana Network Suffers 20-hour Outage, Root Cause Still Unknown
Solana outages have yet again sparked questions about the design of the premier Layer 1 blockchain. The validators tried to restart the network twice over the weekend after the on-chain activity froze...
Crypto Community Trolls Solana as it Suffers Major Network Outage
Crypto community pokes fun at the Solan blockchain. On Saturday, Solana experienced a significant slowdown in block finalization. The network outage impacted the price of the Solana utility token, SOL...
Solana [SOL] suffers yet another technical challenge, details inside
Solana adds yet another network downtime incident to its recent woes. SOL extends its decline for the fifth day in a row. Solana users were unable to conduct transactions on the network in the last fe...
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...
Solana’s DeFi space suffers, but here’s the unexpected NFT twist
Solana’s DeFi activity declines, however, the NFT market shows a promising future. Following the broader market, the SOL token faces selling pressure. Solana’s hold in the DeFi space continued to dwin...
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 ...
BongDAO Suffers Oracle Hack; loses $120 Million
There have been multiple cyber attacks in the crypto sector over the last two years. Companies face a huge loss of crypto assets due to cyber attacks. On Feb 2, BonqDAO, a Decentralized Autonomous Org...
Orion protocol suffers $3M hack due to third-party vulnerabilities
Decentralized exchange platform Orion Protocol has suffered a $3 million hack due to reentrancy issues from third-party libraries. Orion protocol was designed to enable users to access liquidity pools...
DeFi project AllianceBlock suffers multi-million dollar hack
AllianceBlock has lost millions of dollars to hackers in a fresh attack that saw 110 million ALBT tokens stolen from Bonq, a Polygon-powered decentralized borrowing project. Bonq exploited AllianceBl...
BonqDAO protocol suffers $120M loss after oracle hack
A small decentralized autonomous organization (DAO) has suffered a rather sizeable smart contract exploit, leading to an estimated $120 million being stolen from its protocol. BonqDAO told its Twitter...
Tesla Suffers $140 Million BTC Loss, SEC Filing Shows
In February of 2021, Tesla revealed its intention to sell automobiles using Bitcoin, prompting the price of the cryptocurrency to skyrocket, while also purchasing $1.5 billion worth of the crypto. One...
Anthony Scaramucci’s Skybridge Capital Suffers 39% Loss in 2022 Amid Brutal Crypto Bear Market: Report
Anthony Scaramucci’s hedge fund, SkyBridge Capital, reportedly suffered big losses during 2022’s crypto winter. According to a new Bloomberg report, SkyBridge’s biggest fund went down 39% on the year ...
Midas Capital Suffers $660,000 Flash Loan Attack, Bounty Offered
Midas Capital suffered a $660,000 exploit after an attacker used a flash loan exploit on a Jarvis Polygon pool. The team has released a postmortem explaining what happened. DeFi lending and borrowing ...
Silvergate posts $1 billion loss as crypto industry suffers a ‘crisis of confidence’
Crypto-focused bank operator Silvergate reported a more than $1 billion net loss for the fourth quarter as the sector suffered a “crisis of confidence.” Silvergate posted a net loss...
Bitcoin Satoshi Vision suffers downtrend as Robinhood announces delisting plans
BSV saw a decline of 5% on 11 January. Robinhood’s delisting plans announcement contributed to the downward price movement of BSV. Bitcoin Satoshi Vision [BSV] has gone through what can be considered ...
Mycelium Liquidity Pool Suffers Loss Due to Issues With Price Feed
2 hours ago | 2 mins read Defi News The IP address of the protocol was blacklisted by the Binance API component. The Bitfinex API began publishing very fluctuating prices for the ETH/USDT pair. Myceli...
NFL Cancels Bills Game After Damar Hamlin Suffers Cardiac Arrest
Topline In an unprecedented move, the NFL canceled the Buffalo Bills game against the Cincinnati Bengals, which was called off in the first quarter of play on Monday when safety Damar Hamlin suffered ...
Cardano DeFi TVL Spikes in the New Year, But ADA Price Suffers
Activity on the Cardano network has ticked up recently. In response, the prices of its native coin, ADA, have also increased today. Some of the leading decentralized finance protocols on the Cardano n...
Dogecoin price analysis: DOGE suffers further setback after 5 percent loss today
Dogecoin price analysis turned severely bearish over the past 24 hours, as price dropped down past the $0.069 support zone to incur a 5 percent decline. DOGE dropped from its long-standing support aro...
Solana Suffers Double-Digit Losses, Is There An End In Sight?
Solana has been on a depressing downtrend ever since the FTX crypto exchange imploded. The asset has already lost a massive chunk of its all-time high value but the onslaught looks to be far from over...
Shopify stock suffers one of its worst days yet as Wall Street wonders what is to come
Shopify Inc. shares suffered one of their worst days on record Thursday, after financial results failed to provide much clarity about the road ahead in 2023. Shopify SHOP, -15.88%, which acts as the b...