Compound Finance is just one of the latest victims of DeFi hacking incidents in 2021. On Sept. 30, its errant token distribution bug within the Proposal 062 exposed a flaw in which $70 million–$85 million in excess COMP tokens were wrongly distributed to users. Yet, an extra $65 million was placed in a vulnerable vault a few days later, resulting in at least $150 million in … [Read more...] about Recounting 2021’s biggest DeFi hacking incidents
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Coinbase’s perspective on the recent Ethereum Classic (ETC) double spend incidents
By Don YuTakeawaysCoinbase was not targeted by any of the attack transactions and lost no fundsAt 10:57 PM PST 7/31/2020, Ethereum Classic (ETC) was 51% attacked resulting in ~800,000 ETC (~$5.8 million) of double spend transactions.At 8:15PM PST 8/5/2020, Ethereum Classic was 51% attacked again resulting in ~460,000 ETC (~$3.2 million) of double spend transactions.During the … [Read more...] about Coinbase’s perspective on the recent Ethereum Classic (ETC) double spend incidents