2023-5-29 07:46 |
Version 2 of Jimbos protocol was attacked over the weekend for $7.3 million, just days after going live.
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Jimbos Protocol has become the latest victim of a DeFi hack. The liquidity protocol of Arbitrum has lost $7. 5 million. Decentralized finance (DeFi) has been a frequent target of hacks, draining millions in users’ funds.
2023-5-29 17:15 | |
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Coinspeaker Jimbos Protocol Suffers $7.5M Loss in New Hack as Token Plummets 26% The incident comes barely three days after Jimbos Protocol launched its version 2. Jimbos Protocol Suffers $7.5M Loss in New Hack as Token Plummets 26%
2023-5-29 12:26 | |
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Arbitrum-based Jimbos Protocol was hacked for a little over 4000 Ethereum (ETH) — roughly $7. 5 million — using a flash loan exploit on May 28. Blockchain analytics firm PeckShield first raised the alarm and alerted Jimbos and the community about the exploit.
2023-5-29 00:48 | |
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The Jimbos Protocol team acknowledged the hack and said it had contacted law enforcement. Blockchain security platform PeckShield noted the attack followed a compromise on Jimbos liquidity conversion mechanism.
2023-5-29 18:22 | |
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The cryptocurrency industry witnessed another massive security attack, with Jimbos, an Arbitrum-based protocol, being the latest victim. The suspected hack breached the liquidity protocol, resulting in enormous losses of around 4,000 Ethereum (ETH), worth around $7.
2023-5-29 11:36 | |
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