The Meter Passport token bridge platform has incurred $4.4 million in losses due to a smart contract hack which also caused Hundred Finance to lose $3.3 million through under-collateralized loans.Meter.io’s Meter Passport (MTRG) is a token bridge that is compatible with Ethereum and its sidechains. This attack affected the Moonriver side of the bridge.Moonriver is a smart … [Read more...] about Latest DeFi bridge exploit results in $4.4M losses for Meter
Exploit
Illuvium Team Drains sILV Uniswap Pool in Bid to Prevent Exploit Cash-Out
Warwick added on Discord that the team has “a backstop multisig that is able to mint in extreme circumstances.” The team used this multi-signature wallet, an address with specific in-protocol permissions that needs a majority of a group of signers to execute transactions, to mint tokens and sell them for ETH, rendering sILV worthless, as there is no ETH to swap the sILV … [Read more...] about Illuvium Team Drains sILV Uniswap Pool in Bid to Prevent Exploit Cash-Out
Justin Kan’s Gaming NFT Platform Goes Live, Rebounding From $150K Discord Exploit
Since announcing plans to launch his gaming NFT marketplace Fractal earlier in December, Twitch co-founder Justin Kan has been one of the busiest men in crypto.Through a shoestring Twitter marketing campaign and the promise of a non-fungible token (NFT) airdrop, it took Kan and his team just 10 days to grow the platform’s Discord group to over 100,000 members.But after pushing … [Read more...] about Justin Kan’s Gaming NFT Platform Goes Live, Rebounding From $150K Discord Exploit
Bent Finance confirms pool exploit, advises investors to withdraw funds
Staking and farming platform Bent Finance joins the list to become the sixth crypto establishment to get hacked in December. The acknowledgment of the attack was followed by requesting investors to withdraw their pool funds and disabling the reward claims on the compromised platform. Bent Finance first realized the exploit on Monday at roughly 8:55 PM EST, a timeline when the … [Read more...] about Bent Finance confirms pool exploit, advises investors to withdraw funds
Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit
Crypto exchange Bitmart lost nearly $200 million in a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains.The $200 million Bitmart hack was first revealed by Peckshield, a blockchain security and data analytics company, who initially identified a transfer of roughly $100 million over the Ethereum blockchain. Further investigation from … [Read more...] about Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit