Tag: defi
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Massive Web3 Vulnerability Detected; Hackers Target Multiple dApps in Major Exploit
A Broad-Scale Web3 Vulnerability Identified Matthew Lilley, the Chief Technology Officer (CTO) of Sushi, has raised the alarm about a critical front-end exploit that poses a significant threat to the protocol. This exploit is related to a compromised Web3 connector commonly used in the industry. It allows for the injection of malicious code, potentially impacting […]
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Solana’s DeFi Dips, NFT Shines: The Battle Between BONK and SOL Continues
There is a decline in DeFi activity in Solana. Solana [SOL] had a significant decline in decentralized finance (DeFi) activity in February. The total value locked (TVL) on the network, according to DeFiLlama, plateaued for the majority of the month before falling below $250 million. The cumulative volume over the last seven days has been […]
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MakerDAO Adopts Chainlink Automation for Stablecoin Stability and Growth
MakerDAO Integrates Chainlink Automation for Stablecoin DAI The decentralized lending platform MakerDAO has taken a major step in ensuring the stability of its stablecoin, DAI, by integrating Chainlink Automation. This integration will enhance the functionality of the Keeper system by providing price updates, liquidity balancing for the DAI Direct Deposit Module (D3M) and upgrades for […]
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$3.6 Million Loss: Decentralized Finance Platform dForce Suffers Reentrancy Attack
DeFi Protocol dForce Suffers Reentrancy Vulnerability Attack In a shocking turn of events, decentralized finance (DeFi) protocol dForce has fallen victim to a reentrancy vulnerability attack that resulted in the loss of crypto assets worth $3.6 million. Attack Targeted dForce’s Vault on Curve Finance The attack was aimed at the protocol’s vault on the automated […]
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CoW Swap’s DeFi Protocol Suffers Exploit Loss of $181,600
Loss in CoW Swap Due to Vulnerability in Smart Contract A recent smart contract vulnerability in the CoW Swap decentralized finance (DeFi) protocol led to a substantial loss of around 551 BNB, or $181,600. How the Attack Began A wallet address was allegedly introduced by the attacker to CoW Swap as a “solver,” enabling them […]