Category: Cover Protocol

Attackers Drain Millions From Cover Protocol, Token Holders Attack Compensation Plan

Attackers Drain Millions From Cover Protocol, Token Holders Attack Compensation Plan

Decentralized finance insurance project Cover protocol briefly suffered losses when an unknown attacker minted over 40 quintillion Cover tokens. However, after successfully cashing out tokens worth about $5 million, the attacker unexpectedly returned ether tokens valued at about $3.2 million before leaving a message for the Cover team. Exploit No Longer Possible Immediately after the […]

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Cover Protocol Exploit Takes a Bizzare Turn, Hacker Returns All The Funds With an Important Message

Cover Protocol exploit just took an interesting turn as the exploiter has returned all the stolen funds around 4350 ETH  back to the deployer with an important message that read, Next time take care of your shit The cover protocol was exploited just hours ago owing to an infinite minting bug in its contract, leading […]

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DeFi protocol Cover exploited, attackers minted at least 40 quintillion tokens

DeFi protocol Cover exploited, attackers minted at least 40 quintillion tokens

Decentralized finance (DeFi) protocol Cover, which recently merged with Yearn.Finance, has just been exploited terribly. One of the attackers was able to mint 40 quintillion COVER tokens (worth about $11,826 quintillion at the time of writing) due to a bug in the protocol’s smart contracts, according to The Block’s research analyst Igor Igamberdiev. There could […]

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Breaking: Hyped Defi Project COVER Protocol Exploited, Hacker Mints Unlimited COVER Token

Defi project COVER protocol has become the latest victim of an exploit resulting in millions of stolen Cover tokens worth $2 million. The hacker exploited the cover protocol and minted an unlimited supply of cover tokens. The price of token has crashed by more than 77% since then. $cover exploited/hacked pic.twitter.com/MHFuD8MeIT — frxresearch (@frxresearch) December […]

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