Defrost Finance breaks silence on ‘exit scam’ accusations, denies rug pull
Defrost Finance, the decentralized trading platform that suffered a $12 million exploit leading up to Christmas, has denied allegations that it had “rugged” its users as part of an elaborate “exit scam.” On Dec. 23, the platform announced it suffered a flash loan attack, leading to the draining of user funds from its V2 protocol. […]
Belt Finance loses millions in latest BSC-based DeFi exploit
Belt Finance has become the latest Binance Smart Chain-based decentralized finance, or DeFi, protocol to lose millions to an opportunistic hacker. The Rekt Blog, which post mortems DeFi exploits, stated that an attacker exploited a flaw in the way the protocol’s vaults calculates the value of its collateral which helped to “add another notch to […]
Binance Smart Chain-based DeFi platform suffers $3M flash loan attack
Binance Smart Chain’s decentralized finance ecosystem saw a second flash loan exploit in a week after PancakeBunny. A new attack drained $3 million, or half the total liquidity, from DeFi platform Bogged Finance. The team confirmed the attack on Sunday, warning users not to buy its native token until the issue is solved. The developer […]
PancakeBunny tanks 96% following $200M flash loan exploit
Popular Binance Smart Chain-based decentralized finance protocol, PancakeBunny, has suffered a major exploit that allowed a hacker to make off with more than $200 million worth of crypto assets. According to a series of threads posted by the PancakeBunny team in the past hour, the protocol was subject to a flash loan attack from an […]
The Flash Mint is here: WETH10 turbocharges the flash loan concept
A team has released WETH10, the latest iteration of the Wrapped Ether token that allows using Ether (ETH) in a DeFi setting. WETH10 carries a host of useful features, the most notable of which is the flash mint, an evolution of the flash loan concept. Flash loans allow users to borrow the entire liquidity pool of […]
After exploit, Warp Finance compensation plan takes promising strides
In a promising sign for the DeFi space, another project devotes itself to complete user compensation following an exploit
Warp Finance reportedly loses up to $8M in flash loan attack
DeFi lending protocol Warp Finance has reportedly suffered a flash loan attack resulting in the loss of as much as $8 million in digital assets. Reports are coming in that an attacker has made off with between $1 million, to as much as $8 million according to DeFi Prime. The losses follow a series of […]