A recent incident involving DeFi exchange @CurveFinance, has confirmed that multiple pools were hacked due to an “issue in Vyper compiler, which resulted in a loss of over $52m.
This breach highlights the #security vulnerabilities within #DeFi space.
https://t.co/ACX1A144EU
Last week, @ConicFinance suffered two separate hacking incidents resulting in a loss of over $3.2M worth of #ETH.
The attack was identified as a "re-entrancy attack." The vulnerability in Curve V2 pools allowed the attacker to obtain 1,700 ETH tokens.👇
https://t.co/a8l1cRgVkN
Recently, @Rodeo_Finance on @arbitrum network lost $888k in an exploit.
Hackers manipulated price feeds, stole funds, and converted them to various assets before converting back to #ETH and obfuscate the funds' origins through Tornado Cash.
$CVR
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Web3 protocols continue to face vulnerabilities despite smart contract security audits.
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DeFi insurance claims soar to $34.4 million, showcasing the growing importance of securing #DeFi systems.
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Security breaches continue to challenge the #crypto world. Last week @DeusDao suffers a $6M blow due to a stablecoin #hack.
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As we kick off the month of May, let's keep in mind that hackers never sleep 🚨
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CEXs remain a gold mine for hackers!
➡️@Bitrueofficial suffers $23M #hack due to hot wallet exploit
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In Q1 2023, cybercriminals drained more than $211M in #DeFi exploits w/ the recent #GdacExchange hack for $13M🧐
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$119M worth #crypto stolen in 2023, due to smart contract security exploits (95.7%) & rug pull scams (4.3%) 🤯 — @imunify360
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➡️ #BNB chain-based #DeFi exchange, @safemoon LP exploited for $8.9M — caused by a “public burn” bug in their smart contract 🤯
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