COVER
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Altcoin News
Altcoin News

COVER Hack: Cover Protocol and Binance Announce Compensation Plan for Hack Victims

Cover Protocol, a Defi insurance protocol was recently exploited by a white hat hacker minting an infinite amount of the COVER protocol token owing to an infinite minting bug. The hacker later sold a portion of the Cover protocol token for 4350 ETH worth $3 million and burnt the rest of the tokens, he also

Cover Protocol, a Defi insurance protocol was recently exploited by a white hat hacker minting an infinite amount of the COVER protocol token owing to an infinite minting bug. The hacker later sold a portion of the Cover protocol token for 4350 ETH worth $3 million and burnt the rest of the tokens, he also

DeFi News
DeFi News

Breaking: Hyped Defi Project COVER Protocol Exploited, Hacker Mints Unlimited COVER Token

Defi project COVER protocol has become the latest victim of an exploit resulting in millions of stolen Cover tokens worth $2 million. The hacker exploited the cover protocol and minted an unlimited supply of cover tokens. The price of token has crashed by more than 77% since then. $cover exploited/hacked pic.twitter.com/MHFuD8MeIT — frxresearch (@frxresearch) December

Defi project COVER protocol has become the latest victim of an exploit resulting in millions of stolen Cover tokens worth $2 million. The hacker exploited the cover protocol and minted an unlimited supply of cover tokens. The price of token has crashed by more than 77% since then. $cover exploited/hacked pic.twitter.com/MHFuD8MeIT — frxresearch (@frxresearch) December