DeFi hack attack: Three exploits snatch $11M in a single day
In one particularly hectic day, DeFi projects Payy Network, Duelbits, and Meter lost $1.8M, $7M, and $2.3M respectively.
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DeFi projects lose $6M in fresh string of exploits this week
Tuesday saw four separate hacks, with over $5M stolen. Two more incidents took place the day before, but with minimal losses.
Crypto yields are falling below TradFi
Crypto investors used to receive compensation for taking outsized risk depositing assets into DeFi, but many yields have fallen below TradFi.
The slow-motion ‘bank run’ in private credit
Crypto has exacerbated the problems of private credit, extending leverage and rehypothecation risk across increasingly risky loan books.
UXLINK hacker’s wild ride: Up just 0.2% on $36M loot
The hacker has clawed back $4.8M of losses, six months after draining UXLINK’s multi-sig and minting a billion tokens.
DeFi, meet Claude: Moonwell’s ‘vibe-coded’ oracle in $1.8M blowup
Moonwell’s third oracle malfunction in six months saw the price of cbETH set at $1.12 instead of $2,200, leading to 1096 cbETH liquidated.
DeFi projects hit by fresh wave of front-end attacks
An uptick in front-end attacks targeting DeFi users has affected the websites of OpenEden, Curvance and Maple Finance.
Saga becomes latest victim in DeFi hacking spree
The root cause behind the hack remains unclear. Around $6M in ETH and $850K of YieldFi assets sit in the hacker’s ETH address.
Gmak! Flash loan hack hits DeFi platform Makina for $5M
A flash loan attack allowed a hacker to manipulate the DUSD pool on Curve Finance. Another, smaller hack hit SynapLogic four hours earlier.
Crypto gold promoters claim 80% APR amid speculative mania
Crypto promoters are trying to lure precious metal speculators with dubious claims of ultra-high yield farms in tokenized gold.