Category: defi hacks

Defi Hack: Visor Finance to launch new token post 94% drop in price after exploit

The latest update in Visor Finance’s exploit of 8.8 million VISR tokens saw Visor publish its post-mortem report of the hack, determining the upcoming launch of a new token to replace the formerly stolen VISR. Post exploit, VISR’s price witnessed a steep drop amounting to 94 percent. At press time, VISR was trading at the […]

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AtlasVPN Report: From Q1-Q3 2021, US Citizens Lost $956 million to investment-related Crypto Scams

Amid the increasing mainstream crypto adoption, crypto-related frauds are also shooting through the roof. According to a recently published report by atlasVPN, Americans have lost upto $956 million, to investment-related crypto crimes this year from Q1 to Q3. This amounts to an unbelievable 277.8 percent hike in investment-related crypto frauds in 2021 as compared to last […]

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Defi Hack: “stupid kid” nick name goes viral as BXH hack mystery unfolds

The latest update in the $130 million Defi hack of the BXH protocol unveiled that the exploit took place due to a modification in the network’s administrative privileges, which led the attackers to use this privilege to transfer project assets. According to the Chinese Journalist, Colin Wu, BXH protocol irresponsibly consigned the authority of fund […]

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Cream Finance reportedly suffers major loss in flash loan hack, as token crashes by 26%

Cream Finance may have just suffered a major hack on Wednesday, reportedly loosing more than $100 million worth of funds to the massive flash loan attack. The flash loan attack on the decentralized lending platform, was first identified by blockchain data analytics firm PeckShield, who says the stolen funds included Cream liquidity provider tokens, and […]

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Defi Hack: Vee Finance Looses more than $35M in Bitcoin ($BTC) and Ethereum ($ETH)

In the season of Defi Hacks, Vee Finance was caught in the storm next. The Defi lending platform for traditional finance and crypto was hacked last night. The organization revealed the attack through its Twitter handle and further elaborated on the breach in its community announcement post. Vee Finance team shared that they had monitored […]

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Defi Hack Alert: This protocol lost over $12 million in Bitcoin (BTC)

The Defi protocol, pNetwork alerted the community of a 277 Bitcoin (BTC) hack, which amounts to 12.67 million in USD. The network revealed that the attacker installed a bug on the Binance Blockchain codebase of pNetwork. However, the protocol confirmed safety for other funds as no more bridges had to bear the burn of the […]

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Defi Hack Alert: NowSwap losses over $1 Million in cyber attack

According to news from the Analytic group, PeckShield, the DEX protocol, NowSwap was hacked and lost more than 1 million USD in funds. The attackers stole 535,000 USDT and 158 WETH. USDTs are converted to ETH through the distributed network service, 1inch, and further transferred to the Ethernet Square anonymous trading platform, Tornado Cash. Furthermore, […]

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DeFi Exploits 2021: CipherTrace Reports $474 M Loss in Flash Loan Attacks

The Decentralized Finance (DeFi) sector has witnessed an explosive growth this year. The total value locked (TVL) across all decentralized finance (DeFi) protocols has hit a new all-time high of $84 billion as August comes to a close, according to Data Aggregator DeFi Pulse. Per ConsenSys’s Q2 2021 DeFi report, billions of institutional capital is […]

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