DeFi protocol bZx falls victim to phishing attack, around $55 million lost

The decentralized finance sector is growing at a breakneck pace. Total value locked in DeFi, at press time stood at more than $250 billion. However, here's the negative side to this ever-increasing ecThe post DeFi protocol bZx falls victim to phishing attack, around $55 million lost appeared first on AMBCrypto.

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Cointelegraph Consulting: Recounting 2021’s biggest DeFi hacking incidents

A total of 169 blockchain hacking incidents have taken place in 2021, with nearly $7 billion in funds lost.

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Shiba Inu-Inspired Project Exits With $60 Million In Latest DeFi Rug Pull

Investors have lost circa $60,000,000 worth of ETH in the latest DeFi scam AnubisDao that occurred on October 29th, 2021, approximately 30 hours after the project was launched on discord. AnubisDAO developers marketed the project as a fork of OlympusDAO, a decentralized reserve currency that aims to bring more financial stability and transparency by building a decentralized financial […]

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What happened to the $60 million raised by this dog-themed DeFi project

An investor reportedly lost $470,000 to a dog-inspired DeFi project. In an interview with CNBC, the investor admitted, "We, in crypto, tend to have a 'buy first, do research later,' mentality.

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Here's when to expect Uniswap to begin its journey to $30 and beyond

Uniswap's price has remained stagnated for quite some time now. On the weekly window, the DeFi token shed more than 6%, while on the daily timeframe, the asset had already lost up to 3% of its value.

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This crypto investor lost an NFT worth $342,000 on a mere $12,600 loan

While many people are still not familiar with the use cases of nonfungible tokens (NFTs) in the crypto world, a creative NFT collector has found an interesting use for his NFT in Defi. The post This crypto investor lost an NFT worth $342,000 on a mere $12,600 loan appeared first on CryptoSlate.

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Exclusive: Almost $15M in missing funds returned to Compound

Around $80 million went out to DeFi staking protocol Compound (COMP/USD) users by mistake last week. The weekend brought dismal news, as $22 million more were lost due to the same bug and another $44 million are at risk.

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DeFi Protocol pNetwork Loses $12 Million In Tokenized Bitcoin

One of the threats that the crypto community face is the attack of cybercriminals. Many exchanges, projects, and apps often face one vulnerability exploitation or the other. Recently, BSC-based cross-chain pNetwork lost at least $12.

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DeFi Platform pNetwork Lost $12 Million Wrapped BTC to Hackers

Hackers exploit pNetwork and makes away with $12M in wrapped BTC (pBTC). Platform says bug only affected the BSC Bridge, offers hacker $1. 5 million for returning funds. Affected users to be compensated.

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DeFi platform pNetwork loses $12.7 million worth of Bitcoin, in recent hack

pNetwork, a cross-chain DeFi platform, lost roughly 277 Bitcoins to the tune of $12. 7 million in a recent hack. The platform confirmed on Twitter that the attacker targeted tokenized Bitcoin on the BiThe post DeFi platform pNetwork loses $12.

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Report: $1.7B has been lost to DeFi scams in last 5 years

DEX aggregator and cross-chain asset management platform DeFiYield recently unveiled a database of exploits, hacks, and scams related to decentralized finance. About $1. 7 billion has been lost to DeFi scams in the past five years.

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DeFi Exploits Total $1.7B Lost According to REKT Database

There have been so many decentralized finance exploits this year that one protocol has taken steps to develop what it calls a "DeFi REKT database." The post DeFi Exploits Total $1.7B Lost According to REKT Database appeared first on BeInCrypto.

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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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SushiSwap Narrowly Escaped A $350 Million DeFi Hack, Here’s How

The DeFi exchange SushiSwap would have joined the many projects that lost millions to the dubious activities of online hackers. For instance, Poly network lost $600 million in a similar hack one week ago.

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Cross-chain Poly Network Gets Hacked for Over $600M, Exchanges & Stablecoin Issuers Act to Save the Lost Funds

In what appears to be the largest DeFi attack to date, cross-chain protocol Poly Network has been hacked for more than half a billion dollars. “We are sorry to announce that PolyNetwork was attacked on BinanceChain, Ethereum and Polygon,” tweeted the team on Tuesday while sharing the hacker’s address where the assets have been transferred.

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THORChain (RUNE) says it lost $4.9 million in a recent DeFi attack

Cross-chain decentralized exchange (DEX) THORChain has become the latest company to suffer an exploit, with details of a multi-million attack. The exchange was hacked for $4,000 ETH (about $5 million).

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DeFi darling ThorChain (RUNE) suffers multi-million dollar exploit

ThorChain, a decentralized finance (DeFi) token swap protocol based on the Cosmos blockchain, lost roughly $4.8 million worth of Ethereum (ETH) from its liquidity pools to a hacker attack today. The post DeFi darling ThorChain (RUNE) suffers multi-million dollar exploit appeared first on CryptoSlate.

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“This One is on Mark Cuban,” says CT as He Calls for DeFi Regulation After Getting Rug Pulled on His Promoted Project

Billionaire investor Mark Cuban calls for the regulation of the cryptocurrency sector after the debacle with the algorithmic stablecoin Iron Finance. As we reported, the TITAN token of Iron Finance lost 100% of its value going from $60 to $0 after users started cashing out, sending the prices crashing.

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Yearn Finance TVL and Total Users Hits a New ATH Amidst Weak Price Action

The cryptocurrency market is in a sour mood, with more than $1 trillion wiped out since an all-time high of $2. 6 trillion on May 12. Bitcoin and Ether both are down about 44% from their recent peak, and decentralized finance (DeFi) protocols have lost 35% to 90% value in the last 30 days.

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Defi Economy Is Recovering Faster Than Most Crypto Assets After Market Rout

Decentralized finance (defi) exchanges and tokens are recovering a lot faster than a great number of digital assets that lost more than 40% in value last week. Defi tokens like curve, kyber network, terra, hxro, and more have been seeing double-digit gains.

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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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Defi Economy Lost $20 Billion This Week, Decentralized Exchange Volumes Still Sky High

While crypto markets, in general, have been dropping significantly in value, the decentralized finance (defi) economy has shaved more than $21 billion during the last week. Statistics show that the total-value locked (TVL) in defi touched $87 billion on May 11, and since then the aggregate total has slid to $66 billion in value. Weekly […]

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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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DeFi Protocol Rari Capital Set to Reimburse Users 

Rari Capital (RGT) has revealed via a blog post on May 9, 2021, that it’s making plans to reimburse all its liquidity providers who lost their funds when the protocol was hacked during the past weekend.

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Another key metric has this to forecast about Sushiswap's price

Projects that were rangebound earlier are now rallying. Sushiswap emerged as a food/meme coin that happens to be a DeFi token which got listed across top exchanges. Traders who lost the opportunity toThe post Another key metric has this to forecast about Sushiswap's price appeared first on AMBCrypto.

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The most recently hacked DeFi project couldn’t even copy and paste Uniswap and Sushiswap’s code

Earlier this week, Uranium Finance, a Binance Smart Chain-based DeFi project, claimed to have lost $50 million dollars in an exploit of its platform, which had borrowed code extensively from Uniswap, a leading decentralized crypto exchange that runs on the Ethereum blockchain.

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DeFi Protocols Lost Over $284 Million Since 2019, Says Messari Report

Cryptocurrency research firm Messari has revealed that the total amount of funds stolen from decentralized finance (DeFi) protocols since 2019 is over $284 million. DeFi Hacks and Thefts Since 2019 Total $284 Million Tweeting on Wednesday (April 28, 2021), Mesaari noted that DeFi projects have lost about $284.

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More Than $284 Million In DeFi Lost Through Hacks And Exploits Since 2019: Messari Research

In a report released by crypto data research firm Messari, DeFi platforms have so far lost more than $284. 9 million to unscrupulous exploiters and hackers. The firm analyzed DeFi data from 2019.

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DeFi hacks and exploits total $285M since 2019, Messari reports

Decentralized finance platforms on the Ethereum network have lost about $285 million to rogue actors since 2019.

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DeFi Project Furucombo Lost $15M in an Exploit; All 22 Affected Users will be Compensated

After crashing over 63% from ATH of $6.97, COMBO price has recovered 41.5% to $4.08 today. The protocol now plans to complete several major external audits of the entire platform this year. The post DeFi Project Furucombo Lost M in an Exploit; All 22 Affected Users will be Compensated first appeared on BitcoinExchangeGuide.

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Ethereum Centralization Concerns Take a Back Seat as Fee Insanity Intensifies

The entire ethos of cryptocurrency and DeFi is to gain distance and freedom from centralized banks and corporations. However, these virtues appear to have been lost at the moment as Ethereum fees are driving users to centralized providers such as Binance.

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$24 million lost in second-largest day of DeFi liquidations

The Feb. 22 crypto market flash-crash liquidated more than $24 million worth of DeFi loans. with Compound users representing more than half of the margin calls.

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$37,500,000 Lost by CREAM DeFi in Largest Flash-Loan Attack Ever

IronBank, second iteration of CREAM decentralized financial protocol, falls victim to sophisticated flash-loan attack

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DeFi Protocols Cream Finance, Alpha Exploited in Flash Loan Attack; $37.5M Lost

Alpha Finance says the "loophole" has been patched.

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Bridge Mutual Is Bringing DeFi Risk Coverage to Ferrum Network

There have always been bad actors looking to exploit the cryptocurrency space. According to Bridge Mutual, over $200 million in digital assets were lost or stolen last year in DeFi-related mishaps.

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Warp Finance Post Mortem Promises to Return 75% of Lost Funds

The team just released a summary of what actually happened. They also promised to return most of the lost funds. The attack followed a process seen in a large number of DeFi related exploits this year.

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CEO of DeFi Insurer Nexus Mutual Hacked for $8M in NXM Tokens

Nexus Mutual's CEO, Hugh Karp, lost the tokens after an attacker gained remote access to his computer.

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Founder of DeFi protocol Nexus Mutual gets hacked for $8M

The protocol is safe, but its founder lost his stash of 6% of all tokens.

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Yearning for Pickle? Two DeFi Protocols Merge

Pickle Finance was recently hit by an exploit in which $19.7 million in DAI was lost.

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Pickle Finance Loses $20 Million in Latest DeFi Exploit

In the latest of a long string of decentralized finance protocol exploits, Pickle Finance lost as much as $20 million in an attack on its DAI farms this weekend. The DeFi protocol posted that hackers exploited its DAI ‘pickejar’ strategy and that it was looking into the incursion.

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A few reasons why you need to take DeFi seriously

"You are only as good as your last race", the famous line is also quite applicable to the crypto-verse. After its stunning rise during mid-year, DeFi tokens have somewhat lost their shine due to a serThe post A few reasons why you need to take DeFi seriously appeared first on AMBCrypto.

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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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DeFi Project Akropolis Just Lost $2 Million. Here’s What They’re Doing About It.

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$50 Million Lost: The Top 19 DeFi Cryptocurrency Hacks of 2020

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Millions Lost: The Top 19 DeFi Cryptocurrency Hacks of 2020

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Study: Almost $100 Million Stolen from DeFi Protocols in 2020

The research firm CipherTrace assessed losses of DeFi protocols as a result of malicious actions in 2020. Almost $100 million was stolen from DeFi protocols, and the entire crypto industry lost $468 million due to attacks.

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Yearn Finance’s ‘Backscratcher’ Vault Aims to Replenish Lost Liquidity

The latest liquidity farming pool from Yearn Finance has been launched as the DeFi protocol restructures and adds new incentives. Total value locked across the entire DeFi ecosystem is at an all-time high of $12.

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