Web3 projects would rather get hacked than pay bounty: Finance Redefined
The top 100 DeFi tokens had a volatile yet bearish week with nearly all the tokens trading in red on the weekly charts.
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The top 100 DeFi tokens had a volatile yet bearish week with nearly all the tokens trading in red on the weekly charts.
Intelligence officials that out of $620 million in crypto stolen by North Korean hackers this year, none were related to South Korea.
The attacker made use of an exploit that allowed entire liquidity pools to be withdrawn as “fees.”
The team has alerted relevant authorities and is seeking to prosecute the attacker while also shoring up its security practices.
Security firm Harpie managed to avert a crypto robbery by simply paying a higher gas fee than the exploiter.
The team said that authority over the automated market maker and farm programs has been paused “for now.”
The attacker made close to $6.9 million in profits and left users with a pile of bad debt.
Crypto trading firm also rejects claim that users' API keys were leaked and urges users to file a police report.
The main vulnerability behind the attack was within GLP oracle and how it conducts its price.
On Dec. 11, Binance issued a notice about abnormal price movements for some trading pairs. As a result, the exchange began an investigation to narrow down suspicious accounts responsible for…