Millions lost after three DeFi protocols hacked in one weekend
DeFi darlings Dough Finance, Ethena, and Minterest were hit by major incidents last weekend proving again that the sector can be a minefield.
DeFi darlings Dough Finance, Ethena, and Minterest were hit by major incidents last weekend proving again that the sector can be a minefield.
The technique, known as a ‘front-end’ attack is a relatively common vector for crypto hackers and has impacted multiple projects in the past.
Linea claims to be ‘home to the most innovative web3 projects’ but its largest project, ZeroLend, is a low-effort Aave fork.
Solana’s third largest perps platform, 01 Exchange, is a ‘dead’ project but holds $43M mostly made of neglected Alameda Research funds.
Attack transactions show the UwU hacker used ‘flash loans’ which can be used to manipulate asset prices on DeFi apps.