Cream Finance Loses $25 Million To A Flash Loan Attack

PeckShield reported through a tweet of the new hack on Cream Finance. The blockchain security company said a flash loan attack on the decentralized finance lending and borrowing protocol. #FlashLoanAlert https://t.

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У DeFi-протокола Cream Finance украли $18 млн

Децентрализованный протокол Cream Finance подвергся атаке с помощью мгновенного кредита и потерял $18 млн в Ethereum. Об этом сообщил журналист Колин Ву. Cream Finance was attacked by a flash loan and lost approximately US$18 million.

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DeFi tool Cream Finance hit for over $18 million. Suffers second hack in six months

Decentralized finance (DeFi) lending protocol Cream Finance has announced it lost millions worth of Amp token (AMP) and Ethereum (ETH) in a recent flash loan attack. The post DeFi tool Cream Finance hit for over $18 million.

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DeFi Project xToken Suffers Second Attack, Loses $4.5 Million to Hackers

Decentralized finance (DeFi) protocol xToken suffered another exploit following a vulnerability in the xSNX contract, which resulted in the loss of $4. 5 million. Cream Finance protocol also lost over $26 million from a flash loan attack.

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Cream Finance Loses $25M in Flash Loan Attack

Decentralized finance (DeFi) lending platform CREAM Finance lost $25 million in a flash loan attack, the second in the past six months. The post Cream Finance Loses $25M in Flash Loan Attack appeared first on BeInCrypto.

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У DeFi-протокола Cream Finance украли $18 млн

Децентрализованный протокол Cream Finance подвергся атаке с помощью мгновенного кредита и потерял $18 млн в Ethereum. Об этом сообщил журналист Колин Ву. Cream Finance was attacked by a flash loan and lost approximately US$18 million.

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$715 Million worth of Bitcoin shorts closed on Bitfinex: Why does this matter?

The latest crash in cryptocurrency prices led to a drop to the $30000 level for Bitcoin. Following the flash crash of May 19, this crash led to the liquidation of several longs across derivatives exchThe post $715 Million worth of Bitcoin shorts closed on Bitfinex: Why does this matter? appeared first on AMBCrypto.

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Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks

Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits.

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Belt Finance to Compensate Users Following $6.3 Million Attack

In recent days, the Binance Smart Chain network has been a hotspot for flash loan attacks. There have been multiple attacks on popular liquidity protocols like PancakeBunny and Bogged Finance, resulting in losses worth millions of dollars.

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Belt Finance Unveils DeFi Hack Compensation Plan

Following a $6.2 million dollar flash loan exploit over the weekend, decentralize finance (DeFi) protocol Belt Finance has unveiled a compensation plan for the victims. The post Belt Finance Unveils DeFi Hack Compensation Plan appeared first on BeInCrypto.

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Binance Smart Chain Faces yet Another Flash Loan Attack: Belt Finance Loses $6.3 Million

Belt Finance, a Binance Smart Chain-based decentralized lending protocol, lost $6.3 million in a flash loan attack last week. The attackers took advantage of a series of inefficiencies in the smart contract to manipulate the price of the set and obtain profit from a series of transactions. This is just the last of a series […]

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Flash loan attack on DeFi platform ‘Belt Finance’ sees $6.2 million gone

Belt Finance, a decentralized finance (DeFi) platform based on smart contract network Binance Smart Chain (BSC), became the latest project to fall victim to a flash loan attack, losing over $6. 2 million worth of tokens in the process.

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BurgerSwap Flash Loan Exploit Leaves $7.2 Million in Losses of Stolen Ether, BNB, and More

Another Binance Smart Chain project was exploited by a flash loan attack, with DeFi platform BurgerSwap being the victim this time. According to a twitter post written by the Burgerswap Team, there were approximately $7.

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BSC Defi Protocol Burgerswap Loses $7.2 Million from a Flash Loan Attack

Another Binance Smart Chain project has been hit with a flash loan attack according to a post mortem written by the Burgerswap team. The project’s official Twitter account said at around 3 a. m.

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BurgerSwap Experiences Flash Loan Attack, Loses $7 Million

The total amount received by the attackers was 8,800 WBNB, a 493 WBNB swapped to 108,700 BURGER on BurgerSwap. The post BurgerSwap Experiences Flash Loan Attack, Loses $7 Million appeared first on BeInCrypto.

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Binance Smart Chain DeFi project BurgerSwap hacked for $7 million

BurgerSwap, a decentralized finance (DeFi) platform based on smart contracts network Binance Smart Chain (BSC), fell victim to a so-called flash loan attack today, allowing the malicious actor to get away with roughly $7.

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Flash Loan Attacks Drain 2 Binance Smart Chain Defi Projects for $6 Million

There have been two back-to-back flash loan attacks in a short period of time stemming from two unique Binance Smart Chain decentralized finance (defi) projects. Last Wednesday, the yield-farming platform Pancakebunny lost close to $3 million in a flash loan attack according to reports.

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Pancake Bunny token plummets by 90% after $40 million flash loan attack

The price of Pancake Bunny (BUNNY), the native token of the eponymous decentralized finance (DeFi) platform based on the Binance Smart Chain (BSC), plummeted by over 90% after it fell victim to a flash loan attack today.

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PancakeBunny Hit With Flash Loan Exploit – Loses $200 Million

Binance Smart Chain-based Pancake Bunny is the latest DeFi project to suffer an exploit… The post PancakeBunny Hit With Flash Loan Exploit – Loses $200 Million appeared first on Coin Journal.

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DeFi Protocol bEarn Suffers $11M Flash Loan Attack

It's another day, and another DeFi flash loan exploit has reared its head. The latest victim is bEarn, which lost $11 million in stablecoins on May 16. The post DeFi Protocol bEarn Suffers $11M Flash Loan Attack appeared first on BeInCrypto.

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Bitcoin Flash Crash Pauses as Goldman Sachs Announces Crypto Services

Bitcoin underwent a mini flash crash on Wednesday as its price fell from $59,400 to nearly $57,000 in just five minutes of trading. Analysts blamed overleveraged long positions for the downside move, with the plunge liquidating about $600 million worth of extended bullish contracts across major futures exchanges. The wipeout followed up with a short […]

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Attack on CREAM Sees $37.5 Million Stolen

Popular DeFi project CREAM saw a massive $37. 5 million flash loan exploit take place on Saturday. While the story is still developing, the team announced the attack. They stated that they are working on a post mortem through relevant parties.

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Warp Finance Relaunches With ‘Additional Security’ from Chainlink

Warp Finance suffered an almost $8 million flash loan attack on Dec. 17 as it became the latest in a long list of DeFi protocols to get exploited in 2020. It has now announced that it is back online and ready for business once again.

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Warp Finance adds Chainlink oracles to protect against flash loans

Warp Finance's hack of $8 million could have been prevented with better oracles, the team says.

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DeFi Warp Protocol Losses $7.7 Million in a Flash Loan Attack

Lending protocol, Warp was exploited with a complex flash loan attack for $7. 7 million worth of stablecoins. Hacken Club audited the project. The attack on Thursday allowed the hacker to borrow more than their collateral value resulting in a loss of stablecoin lender funds.

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Warp Finance loses $7.7 million in flash loan Defi hack

Decentralized platform Warp Finance has suffered a major hack, as the newly launched company loses $7. 7million worth of DAI and USDC stablecoins. The hacker withdrew the said amount from the platform using a flash credit scheme.

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$100M Liquidated From Compound Following Flash Loan Exploit

Opportunistic profiteering using flash loans have been at the heart of many losses in the DeFi space in 2020. DAI/USD Peg on Coinbase Malfunctions According to DeFi lending analytics provider LoanScan, about $103 million has been liquidated from the Compound protocol.

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Yearn Finance Consumes Pickle Without Governance Vote

The move follows a hack over the weekend that resulted in the loss of $20 million in stablecoins, however, the community had no say in the decision. Yearn Finance has partnered, or rather absorbed, Pickle Finance in an effort to increase rewards for stakers and reimburse some of the victims of the flash loan attack … Continued The post Yearn Finance Consumes Pickle Without Governance Vote appeared first on BeInCrypto.

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Origin Protocol Emptied of $7 million in Yet Another Flash Loan Attack

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Flash Loan Attack Dupes Origin Protocol of $7 Million Funds, Investigation Underway

Another week, another flash loan attack on a yield-generating blockchain protocol. Origin Protocol Compromised In an announcement made earlier today, the Co-Founder of Origin Protocol, Matthew Liu told the Origin community that Origin Dollar (OUSD) – the yield-generating stablecoin on the protocol – had been hacked.

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Defi Protocol That Bragged About Having Flash Loan Attack Prevention Hacked for $6 Million

A decentralized finance (defi) protocol that bragged about having flash loan attack prevention has been exploited for $6 million in DAI, in a flash loan attack. Value Defi, a yield aggregating protocol, boasted of having the “highest security” in a Nov.

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Another day, another defi flash loan 'hack': $7+ million lost

As of Tuesday, the Origin Protocol becomes yet another victim of the flash loan hack. This has caused a loss of funds north of $7 million including funds deposited by the founders. The attack was dThe post Another day, another defi flash loan 'hack': $7+ million lost appeared first on AMBCrypto.

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Origin Dollar Loses $7 Million in Flash Loan DeFi Exploit

The Origin Dollar stablecoin (OUSD) has been exploited and the team behind the project has revealed a loss of at least $7 million. As reported by BeInCrypto in September, Origin Protocol launched the OUSD stablecoin to allow holders to earn yields without depositing large amounts of collateral.

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Value DeFi Hacker Returns $2 Million Out of Goodwill, New Vaults Coming with “Maximum Security & Audit”

“Do you really know flash loans,” is what the hacker of yet another decentralized finance (DeFi) protocol has to say to the yield aggregating pool, Value DeFi. This cheeky message has been in response to Value DeFi’s tweet just a day before the hack claiming it has flash loan attack prevention.

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DeFi Exchange Hacker Returns Stolen Funds to ‘Nurse’ After $6m Attack

Over the weekend, an abnormal transaction caught the attention of multiple crypto analysts. In the incident in question, an anonymous user withdrew 80,000 ETH worth of flash loans from Aave, plus $116 million in flash loans from Uniswap.

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Value DeFi Suffers $6M Flash Loan Attack

The latest flash loan attack in the decentralized finance world has caused a total loss of $6 million.

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Value DeFi protocol suffers $6 million flash loan exploit

After a boast about the protocol's resiliency, Value DeFi loses $6 million to flash loan exploit.

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Hackers Drain $2 Million in DAI From Defi Protocol Akropolis

Decentralized finance (defi) protocol Akropolis was on Thursday hacked for $2 million in DAI, in the latest flash loan attack to hit the nascent defi industry. The attacker pilfered the platform’s Ycurve pool in batches of $50,000 in the stablecoin DAI.

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Harvest Finance Ups Reward To $1 Million For Hard Evidence Leading To Return Of Stolen Funds

Earlier this week, an economic exploit using flash loans was conducted on decentralized Finance (DeFi) protocol Harvest Finance enabling the attacker to get away with $33. 8 million  — initially believed to be roughly $24 million.

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BProtocol Uses $7 Million Flash Loan to Push Through Governance Vote On The Maker Platform

BProtocol Foundation, a platform concentrated on developing Bancor Network, raised a governance proposal vote on the Maker platform using a quick $7 million flash loan to pass its proposal. Maker warned users of the possibility of governance proposals being “rigged” through the use of flash loans following the successful vote completed by BProtocol last week.

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Harvest Finance: $24M Attack Triggers $570M ‘Bank Run’ in Latest DeFi Exploit

Harvest Finance has seen its total value locked drop by more than $500 million in the 12 hours since being hit by a flash loan attack.

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Defi Protocol Harvest Finance Hacked for $24 Million, Attacker Returns $2.5 Million

Decentralized finance (defi protocol) Harvest Finance was hacked on Monday for $24 million. The attacker targeted the protocol’s liquidity pools, performing an arbitrage attack using a large flash loan – a type of uncollatarized loan – but later returned $2.

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Market Update: Bitcoin Captures $11K, Flash Buy Signals, Bollinger Band Squeeze

Cryptocurrency markets are seeing decent gains on Friday following the announcement Square made the day prior about purchasing $50 million worth of bitcoin for reserves. During the morning trading sessions, the overall market capitalization of all 7,000+ crypto assets is up over 2% hovering at $340 billion.

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So Now They’re Hacking DeFi Protocols Before They’ve Even Launched?

When the DeFi degens caught wind of a new pre-release Andre Cronje project they piled in, only to get $16 million hacked away in a flash.

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Money Market Protocol Aave Settles $300 Million in Defi Flash Loans

This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time soon.

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DeFi Project Aave Boasts Over $300 Million in Flash Loans

Flash loans on Aave have proven a popular use case for the DeFi project, data shows, with over $300 million in such loans issued so far. Flash Loans Gain Steam on Aave Aave, the open-source and non-custodial protocol to earn interest on deposits and borrow assets, is setting records with its flash loan feature.

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Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours

The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral.

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Aave Ascends Market Rankings as Flash Loans Explode

Aave is climbing the DeFi and market cap rankings as its flash loans see daily volume exceeding $100 million.

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1.17M Bitcoin Addresses Will Be in the Red if BTC Breaks This Level

Recent data by IntoTheBlock shows a crash to $9,000 could potentially send 1. 17 million Bitcoin (BTC) addresses below the profit line.    Still A Lot of Bitcoin Traders Trapped Above $10K Based on data collected by blockchain analysts, the latest bitcoin flash crash toward $9,600 support levels has meant that even more wallet addresses containing BTC are now ‘out of the money’.

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