DeFi Hacks News
Up-to-date DeFi Hacks News.
Rug-Pullers and Black-Hats Ran Wild in 2021 With $2.2B Lost to Theft: Report
Exploiters, rug-pullers and other rogues ran wild in 2021 and stole $2.2B in DeFi: Report
Questions Swirl as Solana Loses a Fifth of its Value in Seven Days
Solana, a DeFi darling that vaulted into the fifth most valuable cryptocurrency, has taken the biggest hit of major tokens in the last seven days.
DeFi Insurer Nexus Mutual Weighs Whether to Pay Out on BadgerDAO Hack
Controversy has erupted in the wake of the BadgerDAO hack as insurer Nexus Mutual is waiting for a postmortem before making payouts.
Aave Set to Disable Borrowing on xSushi and DPI Citing Potential Exploit
Aave token holders are voting to patch a vulnerability to DeFi’s biggest protocol by assets locked.
Anubis DAO Descends Into the Underworld After $60M Exploit
Anubis DAO, a recently launched fork of Olympus DAO, is engulfed in chaos after 13.6K ETH ($60M) was drained from the protocol today.
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.
Victims of $30M Parity Wallet Hack Offer Attacker $60M 'Bounty'
The victims of a 2017 hack - Aeternity, Edgeless, and Swarm City -have offered a bug bounty to recover their stolen ETH.
2020 DeFi Recap (So Far)
This is The Defiant x Harmony, a weekly series brought to you by Harmony Protocol’s Creative Director, Robin Schmidt, and Camila Russo, the founder of The Defiant, to explore DeFi’s most important stories and demystify this exciting emerging financial space.
Inside the Hunt for the Jay Pegs Auto Mart Thief and 865 ETH
It took the team at Jay Pegs Auto Mart basically zero time to identify and find the hacker responsible for stealing the proceeds from their auction of DONA tokens on SushiSwap’s MISO platform Thursday night. “It only took us five…
Protect Yourself From Smart Contract Exploits with Sherlock
Sherlock is a risk management platform designed to provide DeFi protocols with affordable, reliable coverage against smart contract exploits starting from Day 1.
CREAM Finance Attack Leads to $23 Million Loss in AMP and ETH
New token standards introduce complexity that DeFi applications are still learning how to grapple with. Prime example: Money market CREAM Finance was hit with a reentrancy attack on Aug. 30 that allowed attackers to drain $22.8 million in Flexa’s AMP…
Hackers Wanted: $1M Bounties Entice White Hats to Hunt for DeFi Bugs
Should I just steal the money? There’s a vulnerability in the code… Of a DeFi protocol with $3B in TVL. I was just looking at the open-source code for fun. But now, it’s serious. There’s a bug bounty, a reward…
Poly Network Hacked For Over $600M In Biggest DeFi Exploit Ever
At 6am ET on August 10, over half a billion dollars worth of crypto assets were stolen from Poly Network, a cross-chain protocol that facilitates token swaps across multiple blockchains including Ethereum, Binance Smart Chain and Polygon. With the total…
$YFI at One. Remembering One Hell of a Year.
YFI launched in 2020 as one of the most memorable DeFi protocols ever with its fair launch, tiny token supply and reluctant anti-hero Andre Cronje as a pivotal figure in just doing things differently. Since then $YFI has suffered hacks,…
DeFi Traders Lost More Than $11M Across Two Weekend Hacks
Over the weekend, DeFi traders lost more than $11M across two hacks on Binance Smart Chain (BSC). On July 10, Anyswap, a decentralized cross-chain protocol, suffered a hack worth nearly $8M of USDC and MIM (Magic Internet Money), a lesser…
DeFi100: Hack or Rug Pull?
The defacing of the website for DeFi100-Rebase, a Binance Smart Chain-based index token, has sparked a flurry of speculation about a possible heist and a brazen rug pull. On May 22, a message materialized on the DEFI 100 website homepage…
xToken DeFi Project Hacked For Over $25M
xToken, a project which automates staking and liquidity strategies and wraps them into ERC-20 tokens, has been hacked to the tune of ~$25M. The attack resulted in xToken’s TVL dropping by roughly 30% to $63M, according to DeFi Llama. xToken…
Red Flag Alert: A Framework for Vetting Crypto Projects Part II
With hacks and exploits breaking every week in DeFi, participants are undoubtedly asking where to look for red flags, how to protect their investments and how to vet projects. In this three-part series, we provide a framework to help with…
$22 Million Was Stolen From Three Defi Platforms Last Weekend
While most of the DeFi community had their eyes glued to the ETH rally over the weekend, hackers took the opportunity to steal mooning assets through several protocol exploits. From Wednesday through Saturday, exploits occurred across three different protocols—Rari Capital,…
Compound Finance Fork EasyFi Loses Over $60M in Admin Key Hack
EasyFi, a Compound Finance fork launched directly on the Polygon Layer 2 Network, suffered a major hack on Monday, losing over $60M of the project’s EASY tokens and also $6M of users’ provided liquidity. The hacker gained access to the…
ForceDAO Was Hacked for 183 ETH
ForceDAO, a DeFi hedge fund, was targeted in a hack that resulted in the liquidation of 183 ETH worth of FORCE token. In a post-mortem, the ForceDAO team explained that five hackers exploited a bug in their code which allowed…
Pancakeswap, Cream Finance, Suffer DNS Attacks
Hackers compromised PancakeSwap’s and Cream Finance’s websites yesterday. The Domain Name Service (DNS) attack modified the affected protocols’ website to display a request for the user’s seed phrase, which, if submitted, would compromise their entire account. PancakeSwap and Cream urged…
Social Tokens Get Rolled On
Social money issuer Roll was hacked for nearly $5.7M of creator tokens held in hot wallets on the platform over the weekend. 1/5Two hours ago, someone sold a huge amount of social tokens issued on Roll platform. As a result,…
Podcast
Furucumbo Commits to Compensating Hack Victims
An anonymous hacker has exploited transaction batching protocol Furucombo and walked away with $15M in stolen crypto over the weekend. The team is pledging to compensate victims. The attacker used a contract which tricked Furuсombo into thinking that their contract was a new version of…
Dedaub Claims $250k in Bounty for Primitive Finance Bug
ArmorFi CTO Robert Forster has awarded the Dedaub Team $250k $ARMOR tokens following the successful disclosure of a critical vulnerability in Primitive Finance to Immunefi. The award is part of the R Bounty program, now renamed the Founders Bounty, where Foster, working together with Immunefi,…
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 down, or how a perpetrator…
5 Things for 2021 in Crypto & Tech
With 2020 coming to an end, the torch is being passed over to 2021. The bull market seems inevitable as Bitcoin is just shy of $20,000, although that probably won’t be the only exciting thing for the upcoming year. Here are 5 other things we’re…
DeFi Dre and the Invisible Hacked Pickles
Another week, another hack… what have we learned this time?
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 other important questions to be…
The Defiant's Definitive Guide to DeFi
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