Prisma Finance's $540K on the Line as Hacker Presses for Team Reveal
The decentralised borrowing protocol has disclosed that 14 accounts have yet to retract the affected smart contract, which led to the exploitation of $11.6 million last week.
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The decentralised borrowing protocol has disclosed that 14 accounts have yet to retract the affected smart contract, which led to the exploitation of $11.6 million last week.
The funding structure includes rapid grants (below 20,000 mkUSD), community grants (20,000-100,000 mkUSD), and large grants (exceeding 100,000 mkUSD).
Curve Finance mitigates a $73.5M hack through community-led efforts, enhancing user trust while highlighting security needs.
Data from DeFiLlama reveals that the recent exploit has caused a significant decline in Arcadia's total value locked (TVL), plummeting by 76% from $604,440 to the current value of $142,824.
The Euler team added that since hackers “did the right thing,” the Euler Foundation will no longer be accepting new information that would lead to their arrest.
Euler Fianance protocol was attacked almost a week ago, which resulted in a loss of more than $180 million. And ...
Babylon’s founder said several liquidity pools and BABL tokens price were severely impacted, which contributed to the decision.
While awaiting Crema Finance’s report on the situation, the Crypto Twitter community took it to themselves to track down the hacker’s wallet and better understand the problem.
While price volatility remained a key factor, major DeFi tokens registered double digit loss over the past week as the DeFi TVL hovers near $50 billion mark.
The address associated with the hack has managed to steal 206,809 BNB from Qubit’s QBridge protocol.