SharkTeam: Analysis of the principle of MIM_SPELL attack
On January 30, 2024, MIM_SPELL suffered a flash loan attack. Due to a precision calculation vulnerability, the project lost $6.5 million.
JinseFinanceOn January 30, 2024, MIM_SPELL suffered a flash loan attack. Due to a precision calculation vulnerability, the project lost $6.5 million.
JinseFinanceThe main reason for this incident is that the attacker used the project contract to use the rounding-up algorithm and controlled the parameter to 1 to maximize the rounding-up error, thus causing the ledger to be unbalanced.
JinseFinanceThe curse on the miners' heads is forged by cryptography (mathematics), the greedy nature of human nature (biochemistry), and thermodynamics (physics).
JinseFinanceIn a recent interview with Forbes, the first deputy governor of the Bank of Russia, Olga Skorobogatova, spoke about her...
LedgerinsightsThe team behind DeFi tokens Magic Internet Money and Spell has proposed a centralized legal structure for Abracadabra DAO. Abracadabra’s project lead said there was a need for a certain level of centralized legal structure to protect intellectual property rights and manage server expenses, with crucial decisions still governed by Spell token holders.
TheBlockIn the report, the bank proposes two CBDC models but dismisses cryptocurrencies.
BeincryptoStaking is likely to become mainstream, which could prove rather costly for U.K. taxpayers.
BeincryptoThe ban of Tornado Cash in the U.S. could have ripple effects across Web3 protocols, particularly ones that offer privacy on the blockchain.
CointelegraphThe crypto world is in a complicated place right now. Some coins are down massively in price, while new regulation ...
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