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CREAM Finance Exploited for $130M in DeFi’s Third-Largest Hack
DeFi lending protocol CREAM Finance has been exploited for over $100M, according to data compiled by security firm Peckshield.
Lossless: The First DeFi Hack Mitigation Tool
Lossless is the first DeFi hack mitigation tool for token creators. Lossless Protocol freezes fraudulent transaction based on a set of fraud identification parameters and returns stolen funds back to the owner’s account.
DODO DEX Suffers $2.1M Hack
DODO, a crypto exchange with contracts on both Binance’s Smart Chain and Ethereum, has suffered a $2.1M hack. The hacker attacked DODO’s Crowdpools, which the project launched in February as part of their version 2 (V2). “On March 8, Several…
You Stole $37M, Now What? The $CREAM $ALPHA Exploit Unpacked
Last weekend Alpha Finance was hacked to the tune of $37m but this was a hack so specific and well-informed it was immediately assumed to have been an inside job. Have you ever wondered what happens when a hack goes…
DeFi Dev Offers $320k to Whoever Finds Critical Bug in Ethereum Dapp
ArmorFi’s CTO Robert Forster is partnering with bug bounty platform Immunefi to personally offer the equivalent of $320k to anyone who can find a critical smart contract bug in any Ethereum ecosystem project. The program, which is hosted on Immunefi…
CREAM and Alpha Finance Get Hacked for $37.5M
DeFi experienced one of its more complex exploits over the weekend. An attack which resulted in ~$37.5M drained from CREAM Finance’s Iron Bank using Alpha Homora’s leveraged debt. Dear Alpha community, our partners, and DeFi users, we'd like to share…
Yearn Restores yDAI Vault and Compensates Hack Victims
Yearn Finance, the yield aggregator protocol which suffered the first major hack of 2021 last week, is healing, making its Dai savings smart contract available to users again, and compensating victims of its recent hack. Yearn has restored its yDAI…
Yearn Loses $11M in 2021’s First DeFi Hack
Yearn Finance, the yield aggregation protocol founded by Andre Cronje, has been hacked. One of the platform’s so-called vaults lost $11M, and the attacker got away with $2.8M. It’s the first DeFi hack of the year, after $100M worth of…
Insurance Protocol Cover Exploited for $9.4M
DeFi’s rising insurance protocol Cover Finance was exploited for $9.4M worth of user funds after a group of hackers used a faulty smart contract to mint quadrillions of COVER tokens. Cover Finance allows users to buy smart contract protection on…
Ledger Data Hack Shows Crypto Storage is a Catch 22
Crypto hardware wallet provider Ledger had thousands of its users’ sensitive information leaked to the public this weekend. The data breach that occurred in June was brought to light after a public hacker shared the stolen data on leaking site…
Flash Loan Attacker Drains $8M From Warp Finance
Investors are depositing millions into new DeFi protocols launched by anonymous developers, at times only to be wiped away in a hack. The latest to suffer that unfortunate fate is Warp Finance. Promising to be a money market where users…
DeFi Dre and the Invisible Hacked Pickles
Another week, another hack… what have we learned this time?
Evil Pickle Jars Makes Off with $20M
The latest affected project in a series of DeFi exploits is Pickle Finance – an automated yield aggregator with a mission to make stablecoins stable. Over the weekend, a hacker was able to exploit Pickle’s code to transfer $19M worth…
Flash Loans, and Attacks - Explained
After five attacks and millions of dollars lost due to an exploit, this week we’re diving deep into the mechanism behind what made this possible: Flash Loans. Some called it a magnificent attack, some called it art. But there are…
Flash Loan Hackers Drain $16M+ From DeFi Protocols in One Week
Hackers were able to drain $16.4 million in ETH and Dai from DeFi projects Akropolis, Value DeFi Protocol, and Origin Protocol using flash loans, just in the past week. Value DeFi Attack An attacker on Value DeFi swapped flash-loaned ETH for…
Harvest Finance Grapples to Make Users Whole After ~$34M Hack
Harvest Finance, one of the latest DeFi projects to ride on the waning yield farming wave, was exploited over the weekend, shortly after its total value locked crossed the $1B mark. The hacker was able to drain $33.8M worth of…
Andre Cronje Diehards Take "Test in Prod" Over The Edge With $15M Hack
The latest ‘test in prod’ experiment from Yearn founder Andre Cronje has many degen traders questioning their YOLO nature following a flash loan attack of contracts which hadn’t been officially released to the public yesterday afternoon.Eminence Finance, an NFT gaming…
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The Defiant's Definitive Guide to DeFi
The Defiant is the leading information company at the intersection of tech and money. It’s the only content platform producing unbiased, objective journalism, that’s focused on decentralized finance. We cover the news in this space day to day, across our newsletter, podcast, YouTube channel, and website.
This guide is meant to be a one-stop-shop to get started. These are all the DeFi basics you will need to start exploring the internet of money.
