The decentralized finance (DeFi) world was shaken on July 30, 2023, when Curve Finance, a prominent decentralized exchange (DEX), fell victim to a significant attack. The Hack Unveiled Initially, it appeared to be a conventional reentrancy attack, a method employed by hackers to infiltrate smart contracts. However, a deeper investigation uncovered a more fundamental vulnerability … Read more
In 2022, the world saw a surge in the number and scale of cryptocurrency hacks, with losses totaling a record $3 billion, according to security analysts. These attacks demonstrated the sophisticated tactics that malicious hackers are using to exploit weaknesses in decentralized apps. Among the largest hacks of the year were those targeting cross-chain bridges … Read more
DeFi protocol Lodestar has lost $6.9m in an attack on its Ethereum-based Arbitrum network. The hack saw an attacker manipulate a price oracle to enable them to borrow more than they should have been able, resulting in a profit for the attacker. The team behind Lodestar said the hack has created “a bad situation” and … Read more