Defi hack
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DeFi News
DeFi News

Polygon Based Defi Protocol Becomes Latest Victim of Exploit, Price Crashes to Zero

Polygon-based defi project Safedollar became the latest victim of an exploit earlier today as hackers managed to exploit a security vulnerability in the algorithmic stablecoin’s liquidity pool. The security breach crashed the price of the defi protocol to zero. Hackers managed to initiate an infinite mint and drained $250,000 worth of stablecoins from the liquidity

Polygon-based defi project Safedollar became the latest victim of an exploit earlier today as hackers managed to exploit a security vulnerability in the algorithmic stablecoin’s liquidity pool. The security breach crashed the price of the defi protocol to zero. Hackers managed to initiate an infinite mint and drained $250,000 worth of stablecoins from the liquidity

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

Cover Protocol Exploit Takes a Bizzare Turn, Hacker Returns All The Funds With an Important Message

Cover Protocol exploit just took an interesting turn as the exploiter has returned all the proceeds from the stolen funds around 4350 ETH  back to the deployer with an important message that read, Next time take care of your shit The hacker behind the exploit seems to be a white hat trying to show the

Cover Protocol exploit just took an interesting turn as the exploiter has returned all the proceeds from the stolen funds around 4350 ETH  back to the deployer with an important message that read, Next time take care of your shit The hacker behind the exploit seems to be a white hat trying to show the