Hackers Steal $4.4 Million In Attack On DeFi Infrastructure Provider Meter
Another blockchain infrastructure platform has fallen victim to hackers, and it’s the third attack in recent weeks. This time Meter, the blockchain infrastructure, was attacked and saw more than $4.3 million stolen. Meter allows smart contracts to scale and travel through heterogeneous blockchain networks, including Ethereum. Around 2 p.m. on Saturday afternoon, this DeFi infrastructure […]
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Another token bridge suffered a malicious attack where tokens were minted by a hacker through a smart contract exploit, eventually leading to a cascade effect across other DeFi networks. The Meter Passport token bridge platform has incurred $4.4 million in losses due to a smart contract hack which also caused Hundred Finance to lose $3.3 million through under-collateralized loans.Meter.io’s Meter Passport (MTRG) is a token bridge that is compatible with Ethereum and its sidechains. This attack affected the Moonriver side of the bridge.Moonriver is a smart contract platform based on....
Hackers are at it again, and this time they hit it big time. According to a tweet from smart contract research company BlockSec, decentralized finance platform Fei Protocol and Rari Capital are the latest victims of cybercriminals. Fei Protocol issued a $10 million bounty to hackers in an attempt to negotiate and recover a significant […]
Decentralized finance (defi) protocol Akropolis was on Thursday hacked for $2 million in DAI, in the latest flash loan attack to hit the nascent defi industry. The attacker pilfered the platform’s Ycurve pool in batches of $50,000 in the stablecoin DAI. This particular pool allows investors to trade stablecoins and earn interest. In a statement on Nov. 12, Akropolis revealed that the hack was executed across a body of smart contracts in its “savings pools”. “At ~14:36 GMT we noticed a discrepancy in the APYs of our stablecoin pools and identified that ~2.0mn DAI had....
2022 is a rough year for the DeFi ecosystem as hackers continue exploiting the community. From the beginning of the year till now, news of DeFi protocol exploits keeps flooding the crypto industry. So the question is: why do hackers keep targeting decentralized finance protocols? Today’s report reveals that three DeFi protocols have suffered hack […]
Hackers have managed to reroute raw internet traffic from numerous internet service providers (ISPs) in an attempt to steal bitcoins. Dell SecureWorks says it has identified a total of 19 ISPs affected. Data used by Amazon, DigitalOcean and OVH was compromised in the attack. Each incident lasted just 30 seconds, but the hacker managed to carry out the attack 22 times over the course of four months. The ultimate goal was to seize control of bitcoin miners, organised in mining pools. Stealing up to $9,000 a day. The attacks appear to have been successful. Dell SecureWorks reports that up to....