92% Decrease in Crypto Losses Due to Hacks and Exploits in August (Report)
Crypto wrongdoers focused on the DeFi space in August, while CeFi "hasn't witnessed a single major exploit."
Crypto wrongdoers focused on the DeFi space in August, while CeFi "hasn't witnessed a single major exploit."
Although the team was well aware of a vulnerability in the systems, they failed to patch it on time.
The affected people lost anything from $150,000 to $2 million.
Magnate Finance's native MAG has dropped by more than 90% over the past day.
Couched in a sea of pop culture references and feel-good jargon lays Cypher Protocols' decision to “socialize” its losses.
North Korean hackers are progressively refining their targets, methodologies, and strategies for money laundering within the industry.
The mass liquidation was contained by the proposal passed by Venus and BNB Chain after the hack last year.
The specifics of the exploit have not been disclosed by the DeFi project.
The team has eliminated the loophole, according to the latest update.
The attack focused on the platform’s lending pools.