Sonne Finance Paralyzed by $20 Million Crypto Hack
Sonne Finance halts as hackers steal $20M in cryptocurrencies, exploiting known vulnerabilities in a major security breach. Investigations and recovery efforts are underway.
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Sonne Finance halts as hackers steal $20M in cryptocurrencies, exploiting known vulnerabilities in a major security breach. Investigations and recovery efforts are underway.
Curve Finance mitigates a $73.5M hack through community-led efforts, enhancing user trust while highlighting security needs.
a French court has cleared the individuals responsible for the $8.5 million hack of Platypus Finance in February 2023. The court acquitted Mohammed M., 22, who orchestrated the sophisticated flash loan attack on the Automated Market Maker (AMM) protocol based on the Avalanche network
CertiK has identified three separate attacks on the Platypus Finance, resulting in a combined loss of $2.23 million across these exploits.
The Avalanche-based protocol worked with crypto exchange Binance to identify the exploiter responsible for the $9 million exploit last week.
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.