Osmosis Exploiters Return $2M After Swindling $5M – New Data Surfaces
Osmosis is the latest crypto project to encounter an unexpected attack, as the looters made away with $5 million. The past few weeks haven’t been easy for crypto projects, especially exchanges. Not only is the larger bearish market discouraging for them, but several cryptocurrency exchanges have also been in the eye of attacks and exploitations. […]
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Attackers have exploited a bug in the Osmosis exchange to the tune of $5M as FireStake validators admit to their role in racking up roughly $2M before stepping forward. Osmosis, a decentralized exchange (DEX) built on the Cosmos network, was halted just before 3:00 am EST on Wednesday after attackers exploited a liquidity provider (LP) bug to the tune of roughly $5 million.The bug was first identified in a Reddit post on the official Cosmos Network page. The user, Straight-Hat3855, brought attention to a “serious problem” with Osmosis (OSMO) that allowed users to arbitrarily grow LPs by....
Most active DeFi participants have probably heard about Osmosis by now. The Cosmos Hub-based AMM platform has skyrocketed to over $500 million in Total Value Locked and built a global community of passionate supporters. Now, Osmosis is advancing to its next milestone by partnering with e-Money, a popular blockchain-based payment platform, to introduce eEUR as […]
Beanstalk Farms offered a whitehat bounty to exploiters and outlined its plans moving forward should it be unsuccessful in its plea. Beanstalk Farms, a credit-based stablecoin protocol exploited for around $76 million in crypto on April 18, has offered a bounty of 10% if the attackers return the funds. The offer was posted on the company’s Twitter and sent to the attackers via an on-chain message the following day. It proposed that the exploiters return 90% of the stolen funds to the Beanstalk Farms’ multisignature wallet. In return, the exploiters will be allowed to keep the remaining 10%....
Aggregate trading volumes and TVL in the Cosmos ecosystem are lifting the same metrics at Osmosis DEX, resulting in OSMO price hitting new all-time highs. Crypto assets within the Cosmos ecosystem have been on a run since the start of 2022, thanks to an intensified focus on brokering cross-chain compatibility with other blockchains. One decentralized finance (DeFi) protocol that has benefited from the current expansion plans is Osmosis (OSMO). Osmosis is the first decentralized exchange (DEX) servicing projects connected through the Interblockchain Communication Protocol (IBC) and data....
PRESS RELEASE. RebusChain, a platform set to take DeFi mainstream, is going public by announcing its public coin distribution (PCD) late this Summer. The PCD means those supporting its mission can now acquire coins via liquidity bootstrap pool (LBP) on the Osmosis network, and this marks a significant milestone in the Rebus project, following successful announcements of various financial and platform partnerships.
The founding team at Rebus features unique foundations in entrepreneurship, cyber security, traditional finance, and the emerging DeFi field. CTO and COO Pier....