Seneca Stablecoin Hacker Returns Stolen Funds After Exploit
Seneca stablecoin protocol suffers $6.4M breach due to smart contract flaw. Swift response prompts partial recovery, highlights decentralized protocol security challenges.
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Seneca stablecoin protocol suffers $6.4M breach due to smart contract flaw. Swift response prompts partial recovery, highlights decentralized protocol security challenges.
KyberSwap exchange was hacked for US$48 million, not only demanding control over Kyber's assets, but also seeking authority over the entire protocol and company.
It appears that most of the funds transferred off the bankrupt exchange were not moved under the direction of the Bahamian government.
A malicious actor was able to exploit a vulnerability in the tool and make off with almost $1M worth of ETH.
Since the crypto industry expanded its growth, it has become the favorite place for hackers to commit exploits.
Newly listed coins often post massive increases. Positive token metrics can be used to filter attractive projects.
Despite his initial losses in trading, JC Enriquez still strongly believes that crypto will bring him more profit in the years to come.
The exploiter seems to have rejected the Harmony team’s bounty offer of $1 million to return the $100 million stolen from the Horizon Bridge token bridge.
“The new license will enable us to provide safe, reliable and efficient investment, trading and custody services for a wide range of digital assets,” said SFOX co-founder Akbar Thobhani.