Avalanche-Based Stars Arena Falls Victim To A $3 Million Exploit, TVL Tanks B...
Stars Arena, a decentralized social media platform built on the Avalanche network, has suffered a major security breach, resulting in the loss of a significant amount of cryptocurrency. This comes barely a day after the decentralized application (dApp) reportedly fixed a loophole in its smart contract. On Thursday, October 5, the Stars Arena team said – via a post on X (formerly Twitter) – that it has averted a security exploit, which could have led to the loss of over $1 million worth of funds. Stars Arena Loses $2.9 Million To Attack, PeckShield Reveals On Saturday, October....
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Avalanche-based social media dApp, Stars Arena has announced plans to soon re-open its contract following an exploit on October 7 that drained about $2.9 million of users’ assets. This represents the second time this week that Stars Arena’s vulnerabilities have been exploited after a hacker made away with $2,000 on October 5. Stars Arena Secures […]
Zabu Finance, a decentralized yield farming protocol on Avalanche, suffered the first big hack related to the chain. The protocol was the victim of an exploit that allowed an attacker to steal $3.2 million in tokens, according to reports. The core of the exploit happened due to a vulnerability in the design of the Spore token, which allowed the minting of 4.5 billion zabu that were successfully withdrawn from the platform, taking the value of the currency to 0.
Zabu Finance Suffers First Big Avalanche Hack
Zabu Finance, a yield farm decentralized protocol built on top of the Avax....
Philippines-based crypto exchange Coins.ph is rumored to be the latest victim of an exploit that has potentially led to the loss of 12.2 million XRP ($6 million) for the firm. However, a part of these funds seem to have already been recovered. Related Reading: A Precious Rally: Bitcoin And Gold Revisit August Peaks Evidence Of […]
Zabu confirmed that the attacker successfully pulled out 4.5 billion tokens in Zabu Farm Contract and stole around $600K. Zabu Finance, a DeFi application on the Avalanche blockchain, has reportedly been exploited for crypto tokens worth $3.2 million. The removal of a large number of tokens eventually reduced the value of Zabu tokens to zero.Zabu Finance announced the exploit by asking for help from Avalanche and popular Avalanche-hosted decentralized exchanges such as Pangolin and Trader Joe:“Zabu Team Wallet has not sold a single Zabu. We're under an exploit, possibly from Spore Pool.....
Rari's RGT token is plummeting on the news. After a $11 million attack earlier today, Rari Capital is the latest decentralized finance (DeFi) protocol to fall victim to a high-priced exploit The platform, which builds optimized yield vaults and boutique lending pools, confirmed the attack in a Tweet and said that a full postmortem is forthcoming:There has been an exploit in the Rari Capital ETH Pool related to our @AlphaFinanceLab integration. The rebalancer has removed all funds from Alpha in response. We are currently investigating the situation and a full report will be shared once....